IBCP
Independent Bank
PE ratio, current and historical analysis
- Stocks
- Financial Services
- NASDAQ: IBCP
- PE Ratio
The current PE ratio for Independent Bank stock as of Jun 3, 2026 is 9.82. This is calculated based on the TTM EPS of $3.38 and the stock price of $33.19 per share. The current PE ratio is about the same compared to the last 4 quarters average.
IBCP PE ratio history
The average historical PE ratio of Independent Bank for the last ten years is 11.32. The current price-to-earnings ratio of 9.82 is 13% less than the historical average. Analyzing the last ten years, IBCP's PE ratio reached its highest point in the Dec 2017 quarter at 23.28, when the price was $22.35 and the EPS was $0.96. The lowest point was recorded in the Sep 2020 quarter, when it reached 5.22 with a price of $12.57 and an EPS of $2.41.
Independent Bank PE ratio by year
Maximum annual increase: 709.8% in 2014
Maximum annual decrease: -46.91% in 2018
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| 2025 | 9.86 | -9.38% | $32.53 | $3.3 |
| 2024 | 10.88 | 17.88% | $34.83 | $3.2 |
| 2023 | 9.23 | 15.81% | $26.02 | $2.82 |
| 2022 | 7.97 | -2.8% | $23.92 | $3 |
| 2021 | 8.2 | 13.73% | $23.87 | $2.91 |
| 2020 | 7.21 | -35.39% | $18.47 | $2.56 |
| 2019 | 11.16 | -9.71% | $22.65 | $2.03 |
| 2018 | 12.36 | -46.91% | $21.02 | $1.7 |
| 2017 | 23.28 | 13.73% | $22.35 | $0.96 |
| 2016 | 20.47 | 18.26% | $21.7 | $1.06 |
| 2015 | 17.31 | 4.78% | $15.23 | $0.88 |
| 2014 | 16.52 | 709.8% | $13.05 | $0.79 |
| 2013 | 2.04 | 45.71% | $12 | $5.87 |
| 2012 | 1.4 | N/A | $3.5 | $2.51 |
| 2011 | N/A | N/A | $1.33 | -$2.94 |
Independent Bank PE ratio by quarter (TTM)
| Year | PE ratio | PE change | Price | EPS |
|---|---|---|---|---|
| Mar 2026 | 9.85 | -0.1% | $33.3 | $3.38 |
| Dec 2025 | 9.86 | 4.78% | $32.53 | $3.3 |
| Sep 2025 | 9.41 | -9.95% | $30.98 | $3.29 |
| Jun 2025 | 10.45 | 7.95% | $32.41 | $3.1 |
| Mar 2025 | 9.68 | -11.03% | $30.79 | $3.18 |
| Dec 2024 | 10.88 | -2.77% | $34.83 | $3.2 |
| Sep 2024 | 11.19 | 31.03% | $33.35 | $2.98 |
| Jun 2024 | 8.54 | 0% | $27 | $3.16 |
| Mar 2024 | 8.54 | -7.48% | $25.35 | $2.97 |
| Dec 2023 | 9.23 | 44.44% | $26.02 | $2.82 |
| Sep 2023 | 6.39 | 7.39% | $18.34 | $2.87 |
| Jun 2023 | 5.95 | -7.32% | $16.96 | $2.85 |
| Mar 2023 | 6.42 | -19.45% | $17.77 | $2.77 |
| Dec 2022 | 7.97 | 20.21% | $23.92 | $3 |
| Sep 2022 | 6.63 | -3.77% | $19.1 | $2.88 |
IBCP Price vs fair value
IBCP average PE ratio chart
What this chart measures
The Historical Valuation Regime chart shows where the stock's current valuation sits relative to its own historical valuation range over the selected lookback period.
This is a history-relative tool, not a market-relative percentile. It does not compare the stock to other companies. Instead, it compares each historical valuation reading to the stock's own past readings.
Percentile logic
The threshold lines are calculated them from the stock's real historical values using percentile interpolation. That is why some colored bands are narrow while others are wide: the band widths reflect how the stock actually traded through time.
Regime map
| Historical percentile | Regime | Chart meaning |
|---|---|---|
| 0-10 | Historically Low | Deep cheap zone |
| >10-25 | Below Average | Cheap relative to history |
| >25-75 | Average | Within the normal historical range |
| >75-90 | Above Average | Expensive relative to history |
| >90-100 | Historically High | Extreme or stretched valuation |
How to read each part
| Chart element | What it tells you |
|---|---|
| Main line | The actual historical valuation values over time for the selected metric. |
| Dashed horizontal lines | The stock's computed P10, P25, Median, P75, and P90 thresholds for the selected period. |
| Colored bands | The historical valuation zones between those thresholds. |
| Metric boxes | Current ratio, historical median, current percentile, and current regime. |
| Timeline strip | A condensed regime history showing how the stock moved between cheap, fair, and expensive states across each observation. |
Important metric definitions
Current Percentile is the percentile rank of the latest valid historical observation within the selected lookback range.
Current Regime is assigned directly from the latest observation's percentile bucket using the fixed 10 / 25 / 75 / 90 cutoffs shown above.
How to use it well
This chart is most useful for answering a narrow question: Is this stock trading high, low, or normal relative to its own history? It works best alongside growth, profitability, and forward-looking business analysis, because a stock can deserve a higher or lower regime if its business quality has changed.
The current PE ratio of IBCP is above its 3 and 5-year averages, but it is under its 10-year average.
PE comparison
With a price to earnings (P/E) of 9.82, IBCP stands lower than the Financial Services sector and the industry average. Looking at the Financial Services sector average of 12.1, Independent Bank's price to earnings (P/E) is 19% lower.
IBCP PE vs peers
IBCP's PE ratio is less than its peer stocks HBAN and SRCE, but it is above MBWM's.
| Stock name | PE ratio | Market cap |
|---|---|---|
| MBWM Mercantile Bank Corp | 9.43 | $909.15M |
| IBCP Independent Bank Corp | 10.12 | $704.73M |
| SRCE 1St Source Corp | 11.45 | $1.8B |
| HBAN Huntington Bancshares Inc | 12.52 | $33.51B |
Frequently asked questions
What is Independent Bank's PE ratio?
As of Jun 3, 2026, IBCP stock has a price to earnings ratio of 9.82.
What is the 3-year average PE ratio for Independent Bank (IBCP)?
Over the last 3 years, the average PE ratio for IBCP stock is 9.16.
What is the 5-year average PE ratio for Independent Bank (IBCP)?
Over the last 5 years, the average PE ratio for IBCP stock is 8.38.
What is the highest PE ratio for IBCP?
Over the last ten years, the quarterly PE ratio reached its highest level at 23.28 in the Dec 2017 quarter.
How does the current PE ratio for IBCP compare to its historical average?
The current PE ratio of IBCP is 13% lower than the 10-year historical average.
Why is Independent Bank's PE ratio so low?
A company with a lower PE ratio may indicate that the market has lower growth expectations for the company's future earnings.
How is IBCP's PE ratio calculated (Independent Bank PE ratio formula)?
You can calculate the P/E ratio by dividing the most recent stock price by the trailing twelve months earnings per share(EPS). As of today (Jun 3, 2026), Independent Bank's share price is $33.19. The company's earnings per share for the trailing twelve months (TTM) ending Mar 2026 is $3.38. Therefore, Independent Bank's price to earnings ratio for today is 9.82. PE RATIO(9.82) = STOCK PRICE($33.19) / TTM EPS($3.38)
All PE ratio stats are based on quarterly TTM periods, unless otherwise specified.