OverviewSuggest Edit

Independent Bank provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals, and community organizations. The Company also offers a complete suite of consumer financial products to meet the personal needs of individuals and families; including checking, savings, loans and convenience services.
TypePublic
Founded1864
HQAustin, US
Websiteindependent-bank.com

Latest Updates

Employees (est.) (Dec 2019)1,469(+36%)
Job Openings56
Revenue (FY, 2019)$78.2 M(+86%)
Share Price (Nov 2020)$58.6
Cybersecurity ratingAMore

Key People/Management at Independent Bank

David R. Brooks

David R. Brooks

Chairman, President & Chief Executive Officer
Daniel W. Brooks

Daniel W. Brooks

Vice Chairman & Chief Risk Officer
Michelle S. Hickox

Michelle S. Hickox

Executive Vice President & Chief Financial Officer
James C. White

James C. White

Executive Vice President & Chief Operations Officer
James Tippit

James Tippit

Executive Vice President Corporate Responsibility
Mark Haynie

Mark Haynie

Executive Vice President General Counsel
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Independent Bank Office Locations

Independent Bank has an office in Austin
Austin, US (HQ)
2601 N Lamar Blvd #300
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Independent Bank Financials and Metrics

Independent Bank Revenue

Independent Bank's revenue was reported to be $78.18 m in FY, 2019
USD

Revenue (Q3, 2020)

25.2m

Net income (Q3, 2020)

60.1m

Market capitalization (17-Nov-2020)

2.5b

Closing stock price (17-Nov-2020)

58.6

Cash (30-Sept-2020)

171.0m
Independent Bank's current market capitalization is $2.5 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

11.0m13.6m16.1m19.6m41.3m42.2m78.2m

Revenue growth, %

76%24%21%

Sales and marketing expense

684.0k835.0k1.0m1.1m1.5m1.9m2.5m

R&D expense

1.3m2.1m3.4m4.8m8.6m10.8m17.1m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

19.8m29.0m38.8m53.5m76.5m128.3m192.7m

Depreciation and Amortization

5.0m6.6m7.8m8.7m12.8m14.1m24.7m

Cash From Operating Activities

30.8m40.6m46.3m80.3m82.8m158.7m173.3m

Purchases of PP&E

(6.8m)(4.9m)(13.8m)(6.1m)(13.2m)(38.1m)(31.7m)
USDQ1, 2013

Financial Leverage

14.2 x
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Independent Bank Operating Metrics

Independent Bank's Total Loans was reported to be $6.3b in Q2, 2017.
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Independent Bank Cybersecurity Score

Cybersecurity ratingPremium dataset

A

94/100

SecurityScorecard logo

Independent Bank Online and Social Media Presence

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Independent Bank News and Updates

Independent Bank Corporation Reports 2020 Third Quarter Results

GRAND RAPIDS, Mich., Oct. 27, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported third quarter 2020 net income of $19.6 million, or $0.89 per diluted share, versus net income of $12.4 million, or $0.55 per diluted share, in the prior-year period. For the nine months ende…

Independent Bank Corporation Appoints Dennis W. Archer Jr. To Its Board of Directors

GRAND RAPIDS, Mich., Oct. 23, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board of Directors has appointed Dennis W. Archer Jr. to the boards of the Corporation and the Bank. Mr. …

Independent Bank Corporation Announces Date for Its Third Quarter 2020 Earnings Release

GRAND RAPIDS, Mich., Aug. 28, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2020 third quarter financial results on Tuesday, October 27, 2020, at approximately 8…

Independent Bank Corporation Announces Hiring of New Chief Financial Officer

GRAND RAPIDS, Mich., Aug. 21, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that Gavin A. Mohr has been hired as the organization’s new Chief Financial Officer, commencing September 14, 2020…

Independent Bank Corporation Reports 2020 Second Quarter Results

GRAND RAPIDS, Mich., July 28, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported second quarter 2020 net income of $14.8 million, or $0.67 per diluted share, versus net income of $10.7 million, or $0.46 per diluted share, in the prior-year period.  For the six months end…

Independent Bank Corporation Announces Date for Its Second Quarter 2020 Earnings Release

GRAND RAPIDS, Mich., July 06, 2020 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2020 second quarter financial results on Tuesday, July 28, 2020, at approximately 8:0…
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Independent Bank Frequently Asked Questions

  • When was Independent Bank founded?

    Independent Bank was founded in 1864.

  • Who are Independent Bank key executives?

    Independent Bank's key executives are David R. Brooks, Daniel W. Brooks and Michelle S. Hickox.

  • How many employees does Independent Bank have?

    Independent Bank has 1,469 employees.

  • What is Independent Bank revenue?

    Latest Independent Bank annual revenue is $78.2 m.

  • What is Independent Bank revenue per employee?

    Latest Independent Bank revenue per employee is $53.2 k.

  • Who are Independent Bank competitors?

    Competitors of Independent Bank include Bankia, Van Lanschot Kempen and EFG International.

  • Where is Independent Bank headquarters?

    Independent Bank headquarters is located at 2601 N Lamar Blvd #300, Austin.

  • Where are Independent Bank offices?

    Independent Bank has an office in Austin.

  • How many offices does Independent Bank have?

    Independent Bank has 1 office.