IBCPNasdaqState Commercial BanksFiscal year ends December 31
INDEPENDENT BANK CORP /MI/
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$35.61+0.01 (+0.03%)
Close on Oct 19, 2026
- Market cap
- $740.94M
- P/E (TTM)
- 10.4
- Dividend yield
- 2.92%
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
81.1%
18M of 22M shares
Institutional holders
185
37 new, 22 sold out
Net institutional buying
0M
In Q2 2026
Insider trades, 12 months
3 buys · 19 sales
Net sold $301.99K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| BlackRock, Inc. | 1,868,671 | 8.90% | 13G (passive) amendment | Feb 28, 2025 |
| BlackRock Portfolio Management LLC | 1,232,165 | 5.90% | 13G (passive) | Mar 31, 2025 |
| Vanguard Capital Management | 1,058,810 | 5.14% | 13G (passive) | Mar 31, 2026 |
| FMR LLC | 1,046,993 | 5.00% | 13G (passive) | Dec 31, 2024 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of IBCP | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 2,984,939 | 13.45% | $107.67M | +91,860 | 0.00% |
| Dimensional Fund Advisors LP | 890,443 | 4.01% | $32.12M | +29,296 | 0.01% |
| Vanguard Capital Management LLC | 879,625 | 3.96% | $31.73M | −25,575 | 0.00% |
| State Street Corp | 824,463 | 3.71% | $29.74M | +111,277 | 0.00% |
| American Century Companies Inc | 780,992 | 3.52% | $28.17M | +67,729 | 0.01% |
| Acadian Asset Management LLC | 756,325 | 3.41% | $27.26K | +160,546 | 0.03% |
| Charles Schwab Investment Management Inc | 697,724 | 3.14% | $25.17M | +74,697 | 0.00% |
| Renaissance Technologies LLC | 617,500 | 2.78% | $22.27M | +35,209 | 0.03% |
| Geode Capital Management, LLC | 537,677 | 2.42% | $19.40M | +34,247 | 0.00% |
| Goldman Sachs Group Inc | 415,987 | 1.87% | $15.00M | −127,163 | 0.00% |
| Lsv Asset Management | 388,293 | 1.75% | $14.01K | −8,600 | 0.03% |
| Manufacturers Life Insurance Company, The | 380,322 | 1.71% | $13.72M | −2,712 | 0.01% |
| Vanguard Portfolio Management LLC | 346,624 | 1.56% | $12.50M | +21,334 | 0.00% |
| JPMorgan Chase & Co | 344,118 | 1.55% | $12.40M | +30,689 | 0.00% |
| Qube Research & Technologies Ltd | 338,633 | 1.53% | $12.21M | +130,649 | 0.01% |
| Nuveen, LLC | 329,514 | 1.48% | $11.89M | −1,339 | 0.00% |
| PL Capital Advisors, LLC | 318,985 | 1.44% | $11.51M | – | 3.20% |
| Two Sigma Investments, LP | 318,638 | 1.44% | $11.49M | −31,733 | 0.01% |
| Principal Financial Group Inc | 273,132 | 1.23% | $9.85M | −21,443 | 0.00% |
| Morgan Stanley | 252,470 | 1.14% | $9.11M | +66,389 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 185 | 18M | 81.1% | 37 / 70 | 43 / 22 | 2M | 2M |
| Q1 2026 | 175 | 18M | 79.6% | 26 / 67 | 47 / 27 | 3M | 1M |
| Q4 2025 | 179 | 17M | 77.8% | 27 / 56 | 71 / 11 | 1M | 2M |
| Q3 2025 | 166 | 18M | 80.0% | 21 / 57 | 66 / 8 | 2M | 1M |
| Q2 2025 | 154 | 17M | 77.3% | 13 / 61 | 52 / 23 | 1M | 1M |
| Q1 2025 | 166 | 17M | 78.5% | 17 / 62 | 55 / 22 | 2M | 2M |
| Q4 2024 | 173 | 18M | 79.5% | 33 / 51 | 59 / 9 | 1M | 1M |
| Q3 2024 | 150 | 18M | 81.6% | 24 / 51 | 47 / 15 | 5M | 2M |
| Q2 2024 | 142 | 18M | 80.3% | 24 / 52 | 46 / 12 | 1M | 1M |
| Q1 2024 | 132 | 18M | 81.5% | 15 / 48 | 49 / 15 | 1M | 1M |
| Q4 2023 | 133 | 18M | 79.8% | 22 / 46 | 44 / 3 | 2M | 1M |
| Q3 2023 | 114 | 17M | 75.6% | 7 / 40 | 41 / 12 | 0M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of IBCP | Value | % of fund | As of |
|---|---|---|---|---|---|
| Avantis U.S. Small Cap Value ETF | 633,476 | 2.85% | $21.74M | 0.08% | May 31, 2026 |
| Vanguard Total Stock Market Index Fund | 622,500 | 2.80% | $22.45M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 527,524 | 2.38% | $19.03M | 0.02% | Jun 30, 2026 |
| Schwab U.S. Dividend Equity ETF | 486,125 | 2.19% | $16.68M | 0.02% | May 31, 2026 |
| State Street(R) SPDR(R) S&P(R) Regional Banking ETF | 252,219 | 1.14% | $9.10M | 0.19% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 237,391 | 1.07% | $8.56M | 0.01% | Jun 30, 2026 |
| JPMorgan Small Cap Blend Fund | 234,625 | 1.06% | $8.46M | 0.50% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 220,210 | 0.99% | $8.41M | 0.02% | Jul 31, 2026 |
| Allspring Small Company Value Portfolio | 200,004 | 0.90% | $7.64M | 1.15% | Jul 31, 2026 |
| Regional Bank Fund | 188,538 | 0.85% | $7.20M | 0.75% | Jul 31, 2026 |
| iShares Russell 2000 Value ETF | 186,904 | 0.84% | $6.74M | 0.05% | Jun 30, 2026 |
| ProShares Russell 2000 Dividend Growers ETF | 182,458 | 0.82% | $6.26M | 0.96% | May 31, 2026 |
| BlackRock Advantage Small Cap Core Fund | 168,057 | 0.76% | $5.77M | 0.11% | May 29, 2026 |
| U.S. Targeted Value Portfolio | 151,509 | 0.68% | $5.79M | 0.03% | Jul 31, 2026 |
| Federated Hermes MDT Small Cap Core Fund | 127,555 | 0.57% | $4.87M | 0.22% | Jul 31, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| William B. Kessel | President & CEO, Director | 168,664 | 0.76% | Sep 16, 2026 |
| Kristopher Kreter | First Vice Pres. & Controller | 2,486 | 0.01% | Aug 20, 2026 |
| James J. Twarozynski | Senior Vice President | 12,491 | 0.06% | Aug 10, 2026 |
| Patrick J. Ervin | Executive Vice President | 36,777 | 0.17% | Jun 10, 2026 |
| Stefanie M. Kimball | Executive Vice President | 71,404 | 0.32% | May 29, 2026 |
| Gavin A. Mohr | Executive Vice President | 28,321 | 0.13% | Apr 8, 2026 |
| Joel F. Rahn | Executive Vice President | 32,368 | 0.15% | Apr 7, 2026 |
| Larry R. Daniel Jr | Executive Vice President | 26,864 | 0.12% | Feb 9, 2026 |
| Michael Joseph Stodolak | Executive Vice President | 20,085 | 0.09% | Feb 9, 2026 |
| Christopher S. Michaels | Executive Vice President | 13,471 | 0.06% | Feb 9, 2026 |
| Nathaniel Ernest Tagg | Director | 28,734 | 0.13% | Aug 4, 2026 |
| Christina Keller | Director | 8,066 | 0.04% | Jul 2, 2026 |
| Joan A. Budden | Director | 7,118 | 0.03% | Jul 2, 2026 |
| Michael G. Wooldridge | Director | 25,879 | 0.12% | Jul 2, 2026 |
| Dennis W. Archer Jr | Director | 11,500 | 0.05% | Jul 2, 2026 |
| Ronia F. Kruse | Director | 2,200 | 0.01% | Jul 2, 2026 |
| Stephen L. Gulis Jr | Director | 218 | 0.00% | Jul 2, 2026 |
| William J. Boer | Director | 45,198 | 0.20% | Jul 2, 2026 |
| Michael J. Cok | Director | – | – | Jul 2, 2026 |
| Terance L. Beia | Director | 40,001 | 0.18% | Jun 25, 2025 |
| Michael M. Magee Jr | Director | 27,727 | 0.12% | Apr 29, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| William B. Kessel President & CEO, Director | Sep 15, 2026 | Sale | −194 | $37.17 | $7.21K | 159,542 |
| William B. Kessel President & CEO, Director | Sep 15, 2026 | Sale | −200 | $37.18 | $7.44K | 159,342 |
| William B. Kessel President & CEO, Director | Sep 15, 2026 | Sale | −100 | $37.41 | $3.74K | 157,836 |
| William B. Kessel President & CEO, Director | Sep 15, 2026 | Sale | −106 | $37.25 | $3.95K | 159,041 |
| William B. Kessel President & CEO, Director | Sep 15, 2026 | Sale | −405 | $37.30 | $15.11K | 158,636 |
| William B. Kessel President & CEO, Director | Sep 15, 2026 | Sale | −100 | $37.10 | $3.71K | 159,736 |
| William B. Kessel President & CEO, Director | Sep 15, 2026 | Sale | −100 | $37.38 | $3.74K | 157,936 |
| William B. Kessel President & CEO, Director | Sep 15, 2026 | Sale | −195 | $37.19 | $7.25K | 159,147 |
| William B. Kessel President & CEO, Director | Sep 15, 2026 | Sale | −600 | $37.36 | $22.42K | 158,036 |
| Kristopher Kreter First Vice Pres. & Controller | Aug 19, 2026 | Sale | −300 | $37.11 | $11.13K | 2,207 |
| James J. Twarozynski Senior Vice President | Aug 10, 2026 | Sale | −489 | $37.67 | $18.42K | 8,195 |
| William J. Boer Director | Jul 1, 2026 | Award | +285 | $36.07 | $10.28K | 17,074 |
| Patrick J. Ervin Executive Vice President | Jun 9, 2026 | Sale | −1,400 | $35.39 | $49.55K | 34,720 |
| Patrick J. Ervin Executive Vice President | Jun 9, 2026 | Sale | −2 | $35.44 | $71 | 36,120 |
| Patrick J. Ervin Executive Vice President | Jun 9, 2026 | Sale | −780 | $35.42 | $27.63K | 36,440 |
| Patrick J. Ervin Executive Vice President | Jun 9, 2026 | Sale | −76 | $35.40 | $2.69K | 36,122 |
| Patrick J. Ervin Executive Vice President | Jun 9, 2026 | Sale | −242 | $35.41 | $8.57K | 36,198 |
| Stefanie M. Kimball Executive Vice President | May 29, 2026 | Sale | −1,400 | $34.42 | $48.19K | 64,327 |
| Gavin A. Mohr Executive Vice President | Apr 6, 2026 | Tax withholding | −1,659 | $33.78 | $56.04K | 27,396 |
| Stefanie M. Kimball Executive Vice President | Apr 6, 2026 | Tax withholding | −1,672 | $33.78 | $56.48K | 65,727 |
| Patrick J. Ervin Executive Vice President | Apr 6, 2026 | Tax withholding | −1,778 | $33.78 | $60.06K | 37,220 |
| Patrick J. Ervin Executive Vice President | Apr 6, 2026 | Option exercise | +4,274 | – | – | 38,998 |
| Patrick J. Ervin Executive Vice President | Apr 6, 2026 | Tax withholding | −1,790 | $33.78 | $60.47K | 37,208 |
| William B. Kessel President & CEO, Director | Apr 6, 2026 | Tax withholding | −4,788 | $33.78 | $161.74K | 159,836 |
| William B. Kessel President & CEO, Director | Apr 6, 2026 | Option exercise | +10,981 | – | – | 164,624 |
| Gavin A. Mohr Executive Vice President | Apr 6, 2026 | Tax withholding | −1,717 | $33.78 | $58.00K | 27,338 |
| Gavin A. Mohr Executive Vice President | Apr 6, 2026 | Option exercise | +4,297 | – | – | 29,055 |
| Stefanie M. Kimball Executive Vice President | Apr 6, 2026 | Option exercise | +4,331 | – | – | 67,399 |
| Stefanie M. Kimball Executive Vice President | Apr 6, 2026 | Tax withholding | −1,743 | $33.78 | $58.88K | 65,656 |
| Joel F. Rahn Executive Vice President | Apr 6, 2026 | Option exercise | +4,150 | – | – | 30,797 |
| Joel F. Rahn Executive Vice President | Apr 6, 2026 | Tax withholding | −1,270 | $33.78 | $42.90K | 29,527 |
| William J. Boer Director | Apr 1, 2026 | Award | +309 | $33.30 | $10.29K | 16,651 |
| Ronia F. Kruse Director | Feb 24, 2026 | Buy | +1,200 | $35.27 | $42.32K | 2,200 |
| Patrick J. Ervin Executive Vice President | Feb 6, 2026 | Tax withholding | −1,174 | $36.60 | $42.97K | 34,724 |
| Christopher S. Michaels Executive Vice President | Feb 6, 2026 | Tax withholding | −439 | $36.60 | $16.07K | 11,399 |
| Larry R. Daniel Jr Executive Vice President | Feb 6, 2026 | Tax withholding | −851 | $36.60 | $31.15K | 23,379 |
| Michael Joseph Stodolak Executive Vice President | Feb 6, 2026 | Tax withholding | −350 | $36.60 | $12.81K | 15,095 |
| James J. Twarozynski Senior Vice President | Feb 6, 2026 | Tax withholding | −383 | $36.60 | $14.02K | 8,684 |
| Joel F. Rahn Executive Vice President | Feb 6, 2026 | Tax withholding | −873 | $36.60 | $31.95K | 26,188 |
| Kristopher Kreter First Vice Pres. & Controller | Feb 6, 2026 | Tax withholding | −94 | $36.60 | $3.44K | 2,507 |
| Gavin A. Mohr Executive Vice President | Feb 6, 2026 | Tax withholding | −1,105 | $36.60 | $40.44K | 24,758 |
| Stefanie M. Kimball Executive Vice President | Feb 6, 2026 | Tax withholding | −1,114 | $36.60 | $40.77K | 63,068 |
| William B. Kessel President & CEO, Director | Feb 6, 2026 | Tax withholding | −2,935 | $36.60 | $107.42K | 153,643 |
| Patrick J. Ervin Executive Vice President | Feb 3, 2026 | Award | +1,741 | – | – | 35,898 |
| James J. Twarozynski Senior Vice President | Feb 3, 2026 | Award | +631 | – | – | 9,067 |
| Michael Joseph Stodolak Executive Vice President | Feb 3, 2026 | Award | +1,532 | – | – | 15,445 |
| Gavin A. Mohr Executive Vice President | Feb 3, 2026 | Award | +2,037 | – | – | 25,863 |
| William B. Kessel President & CEO, Director | Feb 3, 2026 | Award | +6,052 | – | – | 156,578 |
| Joel F. Rahn Executive Vice President | Feb 3, 2026 | Award | +1,901 | – | – | 27,061 |
| Kristopher Kreter First Vice Pres. & Controller | Feb 3, 2026 | Award | +358 | – | – | 2,601 |
| Stefanie M. Kimball Executive Vice President | Feb 3, 2026 | Award | +1,793 | – | – | 64,182 |
| Christopher S. Michaels Executive Vice President | Feb 3, 2026 | Award | +1,803 | – | – | 11,838 |
| William J. Boer Director | Jan 1, 2026 | Award | +331 | $32.53 | $10.77K | 16,216 |
| Patrick J. Ervin Executive Vice President | Dec 12, 2025 | Sale | −3,000 | $34.64 | $103.92K | 34,157 |
| Dennis W. Archer Jr Director | Nov 21, 2025 | Buy | +288 | $31.58 | $9.10K | 11,500 |
| Dennis W. Archer Jr Director | Nov 21, 2025 | Buy | +212 | $31.57 | $6.69K | 11,212 |
| James J. Twarozynski Senior Vice President | Nov 21, 2025 | Sale | −486 | $31.64 | $15.38K | 8,436 |
| William J. Boer Director | Oct 1, 2025 | Award | +348 | $30.98 | $10.78K | 15,754 |
| Stefanie M. Kimball Executive Vice President | Sep 3, 2025 | Sale | −1,400 | $32.64 | $45.70K | 62,389 |
| Kristopher Kreter First Vice Pres. & Controller | Sep 1, 2025 | Tax withholding | −618 | $32.89 | $20.33K | 2,243 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| William B. Kessel Officer | Sep 15, 2026 | 2,000 | $74.56K | Sep 15, 2026 | Restricted Stock |
| Patrick J. Ervin Officer | Jun 9, 2026 | 2,500 | $86.88K | Jun 9, 2026 | Stock grant |
| Patrick J. Ervin Officer | Dec 12, 2025 | 3,000 | $104.61K | Dec 12, 2025 | Stock grant |
| Stefanie M. Kimball Officer | Sep 3, 2025 | 1,400 | $44.90K | Sep 3, 2025 | Stock Option |
| Michael M. Magee Jr Director | Apr 29, 2025 | 6,564 | $201.25K | Apr 29, 2025 | Salary Stock |
| Larry R. Daniel Jr Officer | Dec 4, 2024 | 2,784 | $105.24K | Dec 4, 2024 | ESOP |
| Larry R. Daniel Jr Officer | Nov 25, 2024 | 3,851 | $154.04K | Nov 25, 2024 | Option Exercise |
| J. Keller Trust Andrew Spouse of director | Sep 12, 2024 | 1,400 | $45.83K | Sep 12, 2024 | Open Market Purchase |
| Stefanie M. Kimball Officer | Sep 3, 2024 | 1,000 | $34.10K | Sep 3, 2024 | SHARES VESTED |
| J. Keller Trust Andrew Spouse of director | Aug 2, 2024 | 1,000 | $32.76K | Aug 2, 2024 | Open Market Purchase |
| J. Keller Trust Andrew spouse is director | Jun 14, 2024 | 2,400 | $56.69K | Jun 14, 2024 | Open Market Purchase |
| Stefanie M. Kimball Officer | May 30, 2024 | 1,700 | $41.58K | May 29, 2024 | Shares vested |