IBCP (Independent Bank) Moat Score: 5/10 (As of Jun. 30, 2026)


IBCP Independent Bank Corp. IBCP
64 GF Score
Price $36.03
GF Value $32.34
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Independent Bank Moat Score?

Independent Bank IBCP -0.47% 64 Moat Score is 5 as of Jun. 30, 2026. GuruFocus rates IBCP with a GF Score™ of 64/100 and a GF Value™ of $32.34 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,613 Banks companies, Independent Bank ranks better than 94.05% on this metric.

Independent Bank has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

Independent Bank has Narrow Moat: Independent Bank Corp. has a solid narrow moat due to its established regional presence and customer loyalty. It benefits from economies of scale and regulatory barriers, but lacks significant network effects or unique intellectual property.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes Independent Bank might have Narrow Moat - Solid narrow moat.

Independent Bank  (NAS:IBCP) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

Independent Bank Moat Score Related Terms

IBCP vs CARE, CWBC, FISI: Moat Score Comparison

For the Banks - Regional subindustry, Independent Bank's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Banks Industry

For the Banks industry and Financial Services sector, Independent Bank's Moat Score distribution charts can be found below:

* The bar in red indicates where Independent Bank's Moat Score falls into.


IBCP
64GF Score
Independent Bank Corp. IBCP
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
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Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
Independent Bank (IBCP) has a Moat Score of 5 as of Jun. 30, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, Independent Bank ranks #96 out of 1613 companies in the Banks industry, placing it in the top 6%.
Is Independent Bank's Moat Score too high?
Independent Bank's current Moat Score is 5. Based on the distribution chart, Independent Bank ranks #96 out of 1613 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. 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 Moat Score compare to CARE and CWBC?
According to the Banks industry distribution chart, Independent Bank ranks #96 out of 1613 companies for Moat Score. This places Independent Bank in the top 6% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Banks company?
A good Moat Score depends on the Banks industry context. However, Moat Score 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 Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. Independent Bank's current Moat Score is 5. 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 $32.34, compared to a current price of $36.03 — trading 11.4% above its estimated fair value. The current Moat Score is 5. 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 Moat Score calculated?
Moat Score is calculated from a company's financial statements. For Independent Bank (IBCP), the current Moat Score is 5 as of Jun. 30, 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 $36.03 is trading 11.4% above its estimated GF Value™ of $32.34. GuruFocus considers Independent Bank to be Modestly Overvalued.

Key valuation signals for IBCP:

  • Moat Score: 5
  • GF Value™: $32.34 vs. price of $36.03 (11.4% above fair value)
  • GF Score™: 64/100 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.
64GF Score

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$36.03
Price
$32.34
GF Value