Independent Bank Corp /Mi/ (IBCP) EV to EBIT (2012 - 2026)
Independent Bank's (IBCP) EV to EBIT stood at 3.44 in Q2 2026, up 14.6% from 3.00 a year earlier and up 13.7% from the prior quarter.
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Analysis
Independent Bank Corp /Mi/ (IBCP) EV to EBIT (2012 - 2026) Analysis & Trends
On a TTM basis, Independent Bank's EV to EBIT came in at 0.33 as of Jun 30, 2026, down 62.7% year-over-year; for FY2025, it was 3.10, down 6.4% from FY2024.
- Across earlier years, EV to EBIT came in at 3.31 in FY2024 (+39.6%), 2.37 in FY2023 (-46.3%), 4.42 in FY2022 (-4.5%) and 4.62 in FY2021 (+39.1%).
- The Q2 2026 figure is the highest quarterly EV to EBIT since Q4 2022.
- On a year-over-year basis, EV to EBIT rose in six of the last eight quarters, with growth averaging 24.6%.
- Peak year-over-year performance for EV to EBIT in the last five years was growth of 79.1% in Q3 2024, against a decline of 68.1% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 3.02 (Q1 2026), 3.10 (Q4 2025) and 2.45 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.44 |
| Mar 31, 2026 | 3.02 |
| Dec 31, 2025 | 3.10 |
| Sep 30, 2025 | 2.45 |
| Jun 30, 2025 | 3.00 |
| Mar 31, 2025 | 2.87 |
| Dec 31, 2024 | 3.31 |
| Sep 30, 2024 | 3.20 |
| Jun 30, 2024 | 1.94 |
| Mar 31, 2024 | 2.16 |
| Dec 31, 2023 | 2.37 |
| Sep 30, 2023 | 1.79 |
| Jun 30, 2023 | 1.82 |
| Mar 31, 2023 | 1.42 |
| Dec 31, 2022 | 4.42 |
| Sep 30, 2022 | 3.87 |
| Jun 30, 2022 | 4.27 |
| Mar 31, 2022 | 4.44 |
| Dec 31, 2021 | 4.62 |
| Sep 30, 2021 | 3.54 |
API Access
Independent Bank Corp /Mi/ EV to EBIT API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-ebit&ticker=IBCP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebit", "ticker": "IBCP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-ebit&ticker=IBCP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();