Independent Bank Corp /Mi/ (IBCP) Price to Book (2010 - 2026)
Independent Bank's (IBCP) Price to Book came in at 1.41 for Q2 2026, down 1.7% from 1.43 a year earlier but up 4.7% from the prior quarter.
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Analysis
Independent Bank Corp /Mi/ (IBCP) Price to Book (2010 - 2026) Analysis & Trends
For FY2025, Independent Bank's Price to Book stood at 1.33, down 17.0% from FY2024.
- In prior years, Independent Bank's Price to Book was 1.60 in FY2024 (+19.4%), 1.34 in FY2023 (-7.5%), 1.45 in FY2022 (+14.3%) and 1.27 in FY2021 (+22.4%).
- Quarterly Price to Book has run from a low of 0.95 in Q2 2023 to a high of 1.60 in Q4 2024 over five years.
- On a year-over-year basis, Price to Book has declined in each of the last four quarters, with growth averaging 6.4% over the last eight quarters.
- The strongest year-over-year quarter for Price to Book in the past five years was Q3 2021, with growth of 55.3%; the weakest was Q2 2023, with a decline of 22.7%.
- According to Business Quant data, Price to Book for the three prior quarters was 1.34 (Q1 2026), 1.33 (Q4 2025) and 1.31 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 1.41 |
| Mar 31, 2026 | 1.34 |
| Dec 31, 2025 | 1.33 |
| Sep 30, 2025 | 1.31 |
| Jun 30, 2025 | 1.43 |
| Mar 31, 2025 | 1.38 |
| Dec 31, 2024 | 1.60 |
| Sep 30, 2024 | 1.54 |
| Jun 30, 2024 | 1.31 |
| Mar 31, 2024 | 1.28 |
| Dec 31, 2023 | 1.34 |
| Sep 30, 2023 | 1.02 |
| Jun 30, 2023 | 0.95 |
| Mar 31, 2023 | 1.02 |
| Dec 31, 2022 | 1.45 |
| Sep 30, 2022 | 1.21 |
| Jun 30, 2022 | 1.23 |
| Mar 31, 2022 | 1.31 |
| Dec 31, 2021 | 1.27 |
| Sep 30, 2021 | 1.14 |
API Access
Independent Bank Corp /Mi/ Price to Book 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=price-to-book&ticker=IBCP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-book", "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=price-to-book&ticker=IBCP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();