Last 48 quarters of trend data · Financial Services · Regional Banks
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 11.25 | 11.01 | 10.02 | 10.28 | 9.14 | 9.22 | 10.00 | 10.40 | 10.01 | 12.83 | 7.67 | 8.34 | 10.01 | 5.52 | 6.06 | 7.28 | 8.42 | 5.90 | 7.90 | 6.55 | 10.29 |
| — | +19.4% | +0.2% | -1.2% | -8.7% | -28.1% | +30.4% | +24.7% | +0.0% | +132.2% | +26.6% | +14.5% | +18.8% | -6.3% | -23.3% | +11.2% | -18.1% | -19.9% | -18.5% | +10.8% | +71.6% | |
| P/S Ratio | 3.10 | 3.07 | 2.97 | 3.13 | 2.91 | 2.92 | 3.14 | 3.11 | 3.04 | 3.55 | 2.60 | 2.61 | 2.87 | 1.81 | 1.73 | 2.00 | 2.53 | 1.84 | 2.10 | 2.34 | 2.66 |
| — | +5.1% | -5.5% | +0.4% | -4.5% | -17.8% | +20.6% | +19.4% | +5.9% | +96.0% | +50.3% | +30.5% | +13.8% | -1.6% | -17.6% | -14.5% | -5.1% | -18.5% | -22.3% | -1.2% | +36.5% | |
| P/B Ratio | 1.51 | 1.36 | 1.42 | 1.36 | 1.35 | 1.32 | 1.45 | 1.39 | 1.62 | 1.56 | 1.32 | 1.29 | 1.35 | 1.03 | 0.96 | 1.03 | 1.46 | 1.22 | 1.24 | 1.32 | 1.29 |
| — | +3.4% | -1.8% | -2.7% | -16.7% | -15.2% | +9.3% | +8.4% | +19.5% | +50.7% | +38.0% | +24.9% | -7.5% | -15.5% | -22.5% | -22.3% | +13.8% | +4.7% | +2.8% | -1.6% | +22.7% | |
| P/FCF | 23.80 | 14.84 | 7.33 | — | 26.67 | 9.79 | 10.17 | 5.32 | 14.88 | 11.21 | 20.43 | 6.63 | 8.96 | 3.99 | 11.33 | 4.29 | — | 3.20 | 4.67 | 3.25 | 2.42 |
| — | +51.6% | -27.9% | — | +79.2% | -12.7% | -50.2% | -19.7% | +66.1% | +181.0% | +80.4% | +54.5% | — | +24.5% | +142.7% | +31.9% | — | — | +19.0% | -17.4% | -57.0% | |
| EV / EBITDA | 7.91 | 8.87 | 8.50 | 7.94 | 7.23 | 5.02 | 7.73 | 7.54 | 7.33 | 8.36 | 4.72 | 5.62 | 6.19 | 4.02 | 4.82 | 3.83 | 7.83 | 5.25 | 6.07 | 4.71 | 6.99 |
| — | +76.7% | +9.9% | +5.3% | -1.3% | -39.9% | +63.8% | +34.2% | +18.4% | +107.8% | -2.1% | +46.6% | -21.0% | -23.4% | -20.5% | -18.6% | +12.1% | +5.7% | -14.6% | +14.2% | +70.2% | |
| EV / EBIT | 8.94 | 8.87 | 9.39 | 8.87 | 8.08 | 5.68 | 8.63 | 8.46 | 8.13 | 9.57 | 5.23 | 6.33 | 7.06 | 4.49 | 5.49 | 4.42 | 8.88 | 5.90 | 7.16 | 5.32 | 8.27 |
| — | +56.3% | +8.8% | +4.8% | -0.5% | -40.7% | +65.0% | +33.7% | +15.0% | +113.1% | -4.8% | +43.2% | -20.5% | -23.8% | -23.3% | -17.0% | +7.3% | +3.0% | -16.5% | +15.6% | +75.0% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 97.3% | 92.5% | 95.7% | 99.3% | 96.7% | 96.4% | 98.0% | 98.3% | 95.8% | 96.8% | 100.2% | 99.8% | 100.6% | 96.6% | 93.4% | 96.4% | 97.4% | 93.6% | 93.8% | 103.8% | 96.2% |
| — | -4.1% | -2.3% | +1.1% | +1.0% | -0.4% | -2.3% | -1.6% | -4.8% | +0.1% | +7.3% | +3.5% | +3.3% | +3.2% | -0.4% | -7.1% | +1.3% | -6.9% | -9.1% | +2.9% | -4.9% | |
| Operating Margin | 36.0% | 33.5% | 35.9% | 36.6% | 34.8% | 38.2% | 38.2% | 36.6% | 37.7% | 34.9% | 42.3% | 38.7% | 37.7% | 40.5% | 35.0% | 33.5% | 36.9% | 38.6% | 32.6% | 43.8% | 32.1% |
| — | -12.2% | -6.1% | -0.0% | -7.6% | +9.4% | -9.6% | -5.4% | +0.1% | -13.9% | +20.8% | +15.4% | +2.0% | +5.1% | +7.6% | -23.5% | +14.9% | +1.3% | -4.6% | -11.0% | -20.1% | |
| Net Margin | 30.4% | 27.8% | 29.7% | 30.5% | 31.8% | 31.6% | 31.2% | 29.8% | 30.6% | 27.9% | 33.8% | 31.2% | 28.8% | 32.9% | 28.5% | 27.4% | 30.0% | 31.4% | 26.7% | 35.7% | 26.0% |
| — | -11.8% | -4.7% | +2.3% | +4.2% | +13.2% | -7.8% | -4.5% | +5.9% | -15.2% | +18.9% | +13.8% | -3.7% | +4.6% | +6.8% | -23.1% | +15.4% | +1.5% | -5.1% | -10.7% | -19.9% |
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 14.3% | 3.2% | 3.6% | 3.3% | 3.7% | 3.6% | 3.6% | 3.4% | 4.1% | 3.1% | 4.4% | 3.9% | 3.5% | 4.7% | 4.0% | 3.6% | 4.4% | 5.2% | 3.8% | 4.8% | 3.1% |
| — | -11.5% | +0.4% | -1.5% | -8.2% | +16.5% | -17.7% | -13.3% | +15.4% | -33.1% | +10.0% | +7.4% | -20.5% | -10.3% | +5.1% | -23.8% | +41.7% | +30.0% | +19.7% | -16.0% | -29.7% | |
| ROA | 1.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.4% | 0.3% | 0.4% | 0.3% |
| — | -6.7% | +6.7% | +4.4% | -3.1% | +22.4% | -10.9% | -4.1% | +32.6% | -22.8% | +22.5% | +18.9% | -13.5% | -4.2% | +6.2% | -32.5% | +13.3% | +0.9% | -2.7% | -25.7% | -33.9% | |
| ROIC | 10.2% | 2.4% | 2.7% | 2.5% | 2.6% | 2.7% | 2.5% | 2.5% | 3.1% | 2.4% | 3.1% | 2.8% | 2.6% | 3.1% | 2.6% | 2.2% | 2.6% | 3.4% | 2.6% | 3.4% | 2.3% |
| — | -8.7% | +6.6% | +2.8% | -14.0% | +13.0% | -20.6% | -11.1% | +18.5% | -23.3% | +20.0% | +23.9% | -0.3% | -9.3% | -0.9% | -34.7% | +13.9% | +17.4% | +17.3% | -16.8% | -29.2% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.08 | 0.32 | 0.15 | 0.23 | 0.09 | 0.39 | 0.27 | 0.27 | 0.18 | 0.30 | 0.31 | 0.32 | 0.34 | 0.45 | 0.35 | 0.65 | 0.50 | 0.32 | 0.31 | 0.27 |
| — | -10.8% | -18.3% | -45.5% | -15.1% | -51.4% | +28.7% | -14.4% | -14.4% | -49.1% | -33.4% | -11.5% | -50.9% | -30.9% | +42.9% | +14.6% | +137.9% | +83.2% | +14.8% | +9.1% | -2.1% | |
| Debt / EBITDA | 1.28 | 2.04 | 6.65 | 3.28 | 5.15 | 1.75 | 7.86 | 5.79 | 4.93 | 4.01 | 5.04 | 5.79 | 6.31 | 5.34 | 8.16 | 7.06 | 10.73 | 6.95 | 5.58 | 4.37 | 5.95 |
| — | +16.8% | -15.4% | -43.4% | +4.5% | -56.4% | +56.0% | +0.1% | -21.9% | -25.0% | -38.3% | -18.0% | -41.2% | -23.1% | +46.4% | +61.5% | +80.4% | +44.5% | -6.9% | +21.7% | +32.6% | |
| Current Ratio | 0.03 | — | 0.11 | 61.78 | 0.03 | 0.08 | 0.07 | 0.14 | 0.03 | 0.15 | 0.17 | 0.17 | 0.18 | 0.18 | 0.19 | 0.24 | 0.22 | 0.23 | 0.23 | 0.37 | 0.38 |
| — | — | +55.0% | +43419.4% | +8.7% | -47.4% | -58.7% | -16.1% | -83.0% | -13.3% | -8.9% | -29.3% | -15.0% | -21.6% | -17.6% | -35.5% | -42.9% | -39.7% | -37.2% | +1.1% | +11.9% | |
| Quick Ratio | 0.03 | — | 0.11 | 61.78 | 0.03 | 0.08 | 0.07 | 0.14 | 0.03 | 0.15 | 0.17 | 0.17 | 0.18 | 0.18 | 0.19 | 0.24 | 0.22 | 0.23 | 0.23 | 0.37 | 0.38 |
| — | — | +55.0% | +43419.4% | +8.7% | -47.4% | -58.7% | -16.1% | -83.0% | -13.3% | -8.9% | -29.3% | -15.0% | -21.6% | -17.6% | -35.5% | -42.9% | -39.7% | -37.2% | +1.1% | +11.9% | |
| Interest Coverage | 0.91 | 0.97 | 1.17 | 1.05 | 0.96 | 0.88 | 0.93 | 0.85 | 0.94 | 0.65 | 0.93 | 0.80 | 0.71 | 0.94 | 0.93 | 1.02 | 1.79 | 4.23 | 6.90 | 12.69 | 7.98 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying IBCP stock.
Independent Bank Corporation's current P/E is 11.3x. The average P/E over the last 4 quarters is 10.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Independent Bank Corporation's current operating margin is 36.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Independent Bank Corporation's business trajectory between earnings reports.