IBCP (Independent Bank) Beginning Cash Position: $138.4 Mil (As of Mar. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

IBCP Independent Bank Corp. IBCP
63 GF Score
Price $36.41
GF Value $32.31
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is Independent Bank Beginning Cash Position?

Independent Bank IBCP -3.55% 63 Beginning Cash Position is $138.4 Mil as of Mar. 2026. GuruFocus rates IBCP with a GF Score™ of 63/100 and a GF Value™ of $32.31 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Independent Bank's Beginning Cash Position for the quarter that ended in Mar. 2026 was $138.4 Mil.

Independent Bank's quarterly Beginning Cash Position increased from Sep. 2025 ($146.2 Mil) to Dec. 2025 ($208.7 Mil) but then declined from Dec. 2025 ($208.7 Mil) to Mar. 2026 ($138.4 Mil).

Independent Bank's annual Beginning Cash Position increased from Dec. 2023 ($74.4 Mil) to Dec. 2024 ($169.8 Mil) but then declined from Dec. 2024 ($169.8 Mil) to Dec. 2025 ($119.9 Mil).

Independent Bank Beginning Cash Position Related Terms

Independent Bank Beginning Cash Position Historical Data

* Premium members only.

The historical data trend for Independent Bank's Beginning Cash Position can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Independent Bank Beginning Cash Position Chart

Independent Bank Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Beginning Cash Position
Get a 7-Day Free Trial Premium Member Only Premium Member Only 118.71 109.47 74.37 169.78 119.88

Independent Bank Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Beginning Cash Position Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 119.88 128.15 146.16 208.69 138.39
IBCP
63GF Score
Independent Bank Corp. IBCP
Beginning Cash Position is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Independent Bank Beginning Cash Position Calculation

Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement.

What does a Beginning Cash Position of $138.4 Mil mean?
Independent Bank (IBCP) has a Beginning Cash Position of $138.4 Mil as of Mar. 2026. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Independent Bank and its competitors.
Is Independent Bank's Beginning Cash Position too high?
Independent Bank's current Beginning Cash Position is $138.4 Mil. Overall, Independent Bank has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Independent Bank's Beginning Cash Position compare to CARE and CWBC?
Independent Bank's Beginning Cash Position of $138.4 Mil can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beginning Cash Position for a Banks company?
A good Beginning Cash Position depends on the Banks industry context. However, Beginning Cash Position should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beginning Cash Position mean?
A high Beginning Cash Position can signal that a stock is expensive relative to its fundamentals. Beginning Cash Position is the cash and equivalents balance at the beginning of the accounting period, as indicated on the Cash Flow statement. View historical data on Independent Bank and its competitors. Independent Bank's current Beginning Cash Position is $138.4 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independent Bank stock overvalued right now?
Based on GuruFocus' analysis, Independent Bank (IBCP) is currently considered Modestly Overvalued. The stock's GF Value™ is $32.31, compared to a current price of $36.41 — trading 12.7% above its estimated fair value. The current Beginning Cash Position is $138.4 Mil. Independent Bank's overall GF Score™ is 63/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beginning Cash Position calculated?
Beginning Cash Position is calculated from a company's financial statements. For Independent Bank (IBCP), the current Beginning Cash Position is $138.4 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Independent Bank (IBCP) Overvalued in 2026?

Based on GuruFocus' analysis, Independent Bank stock appears to be overvalued. The current stock price of $36.41 is trading 12.7% above its estimated GF Value™ of $32.31. GuruFocus considers Independent Bank to be Modestly Overvalued.

Key valuation signals for IBCP:

  • Beginning Cash Position: $138.4 Mil
  • GF Value™: $32.31 vs. price of $36.41 (12.7% above fair value)
  • GF Score™: 63/100 with 3 warning signs

No single metric tells the full story. See the IBCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Independent Bank Business Description

Address 4200 East Beltline, Grand Rapids, MI, USA, 49525
Independent Bank Corp. operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers. The firm's principal markets are the rural and suburban communities across Lower Michigan. The firm generates the majority of its revenue from Interest and fees on loans.
63GF Score

Get the complete analysis for IBCP

Beginning Cash Position is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$36.41
Price
$32.31
GF Value