Independent Bank Corporation
Financial ServicesNASDAQ:IBCP · NASDAQ Global Select
+$0.16 today
Vol 0.20M · Avg 0.18M
Management
Put operating results in leadership context
Review returns on capital, executive background, insider transactions, and growth quality to judge whether management is compounding value well.
Return Metrics
ROE, ROIC & ROA over time
ROE
13.6%
avg 12.8%
ROIC
9.2%
avg 9.5%
ROA
1.2%
avg 1.1%
Analysis
ROE is currently the strongest return metric at 13.6% versus its period average of 12.8%. 0 of 3 return metrics are above their quality threshold, which helps indicate how efficiently the company turns capital and assets into profit.
Management
Key executives, compensation & ownership
| Name | Title | Compensation | Tenure | Age | Shares Owned | Ownership % |
|---|---|---|---|---|---|---|
William Bradford Kessel | President, Chief Executive Officer & Director | $1.11M | — | 62 | $164,624.00 | 0.80% |
Gavin A. Mohr | Chief Financial Officer, Executive Vice President, Treasurer & Corporate Secretary | $524,849.00 | — | 42 | $27,338.00 | 0.13% |
Joel F. Rahn | Executive Vice President of Commercial Lending & Chief Lending Officer | $499,536.00 | — | 60 | $30,796.50 | 0.15% |
Stefanie Kimball | Executive Vice President & Chief Risk Officer | $489,410.00 | — | 66 | $64,327.00 | 0.31% |
Patrick J. Ervin | Executive Vice President of Mortgage Banking | $473,765.00 | — | 60 | $34,720.00 | 0.17% |
Christopher Michaels | Executive Vice President & Chief Operating Officer | — | — | 59 | $11,399.00 | 0.06% |
James J. Twarozynski | Senior Vice President, Chief Accounting Officer & Controller | — | — | 61 | $8,684.00 | 0.04% |
Laurinda Neve | Senior Vice President of Human Resources | — | — | 74 | — | — |
Michael J. Stodolak | Executive Vice President of Retail Banking | — | — | 65 | $28,019.98 | 0.14% |
Darcy J. Benjamin | Accounting Officer | — | — | — | — | — |
Insider Trading
SEC Form 4 transactions — last 12 months
Buys
5
$173,205.04
Sells
9
$301,684.97
Net Sentiment
$128,479.93
Net selling
Most Active
Ervin Patrick J
6 transactions
1–10 of 14
Analysis
Insiders reported 5 buys worth $173,205.04 and 9 sells worth $301,684.97 over the last 12 months. That adds up to net selling of $128,479.93. Ervin Patrick J was the most active insider with 6 transactions.
Growth Analysis
Historical CAGR & forward analyst estimates
| Metric | 10yr | 5yr | 3yr | Fwd Est. |
|---|---|---|---|---|
| EPS | N/A | N/A | +0.8% | +13.3% (12yr)4 analysts |
| Revenue | N/A | N/A | -6.7% | +7.7% (12yr)2 analysts |
| Net Income | N/A | N/A | -8.6% | +12.2% (12yr)2 analysts |
| EBIT | N/A | N/A | +3.9% | +9.1% (12yr)2 analysts |
Analysis
Recent growth has been strongest in EBIT at +3.9% over three years. Forward estimates point to EPS at +13.3% (12yr), giving you a quick check on whether expectations are accelerating or cooling.
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Who manages IBCP?
Independent Bank Corporation (IBCP) lists 10 active executives. The top listed executive is Christopher Michaels, Executive Vice President & Chief Operating Officer.
Are IBCP insiders buying or selling?
Recent insider activity shows net selling of $2.10M.
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