Independent BankIBCP -1.80%64 Buyback Yield % is 1.67 as of Jul. 04, 2026, which is 18% above its 10-year median of 1.41. GuruFocus rates IBCP with a GF Score™ of 64/100 and a GF Value™ of $32.33 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 626 Banks companies, Independent Bank ranks better than 73.96% on this metric.
Buyback yield is the net repurchase of shares outstanding over the market capital of the company. It is a measure of shareholder return.
The historical data trend for Independent Bank's Buyback Yield % 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.
IBCP vs CARE, CWBC, FISI: Buyback Yield % Comparison
For the Banks - Regional subindustry, Independent Bank's Buyback Yield %, along with its competitors' market caps and Buyback Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Independent Bank Buyback Yield % vs Banks Industry
For the Banks industry and Financial Services sector, Independent Bank's Buyback Yield % distribution charts can be found below:
* The bar in red indicates where Independent Bank's Buyback Yield % falls into.
* 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 (IBCP) has a Buyback Yield % of 1.67 as of Jul. 04, 2026. Share buyback yield equals the net issuance of stock divided by market cap. View historical data on Independent Bank and its competitors. This is 18% above median its historical median of 1.41. According to the industry distribution chart, Independent Bank ranks #163 out of 626 companies in the Banks industry, placing it in the top 26%.
Is Independent Bank's Buyback Yield % too high?
Independent Bank's current Buyback Yield % of 1.67 is 18% above median its 10-year median of 1.41. The Banks industry median Buyback Yield % is 0.42. Independent Bank's value of 1.67 is 297.6% above this industry median. Based on the distribution chart, Independent Bank ranks #163 out of 626 companies in the Banks industry, which is above the industry midpoint. Overall, Independent Bank has a GF Score™ of 64/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Independent Bank's Buyback Yield % compare to CARE and CWBC?
According to the Banks industry distribution chart, Independent Bank ranks #163 out of 626 companies for Buyback Yield %. This puts Independent Bank in the upper half of its industry. The industry median Buyback Yield % is 0.42. Independent Bank's value of 1.67 is 297.6% above this benchmark. While the company's 10-year median is 1.41 vs. the industry median of 0.42, Independent Bank has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Buyback Yield % for a Banks company?
The median Buyback Yield % among Banks companies is 0.42, based on 626 companies in the industry. Companies in the top quartile (top 25%) have a Buyback Yield % significantly above this median, while those in the bottom quartile fall well below. However, Buyback Yield % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Independent Bank's current Buyback Yield % of 1.67 is 297.6% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Buyback Yield % mean?
A high Buyback Yield % can signal that a stock is expensive relative to its fundamentals. Share buyback yield equals the net issuance of stock divided by market cap. View historical data on Independent Bank and its competitors. For the Banks industry, the median Buyback Yield % is 0.42 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independent Bank's current Buyback Yield % is 1.67, which is 18% above median its own 10-year median of 1.41. 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 $32.33, compared to a current price of $36.05 — trading 11.5% above its estimated fair value. The current Buyback Yield % is 1.67, which is 18% above median its 10-year median of 1.41 and 297.6% above the Banks industry median of 0.42. Independent Bank's overall GF Score™ is 64/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Buyback Yield % calculated?
Buyback Yield % is calculated from a company's financial statements. For Independent Bank (IBCP), the current Buyback Yield % is 1.67 as of Jul. 04, 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 $36.05 is trading 11.5% above its estimated GF Value™ of $32.33.
GuruFocus considers Independent Bank to be Modestly Overvalued.
Key valuation signals for IBCP:
Buyback Yield %: 1.67 (18% above median its 10-year median of 1.41)
GF Value™: $32.33 vs. price of $36.05 (11.5% above fair value)
Industry Position: 297.6% above the Banks median (#163 of 626)
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 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.
64GF Score
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