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Independent BankIBCP -0.83%65 5-Year Yield-on-Cost % is 3.87 as of Jul. 15, 2026, which is 7% below its 10-year median of 4.14. GuruFocus rates IBCP with a GF Score™ of 65/100 and a GF Value™ of $32.31 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 1,256 Banks companies, Independent Bank ranks worse than 50.24% on this metric.
Independent Bank's yield on cost for the quarter that ended in Mar. 2026 was 3.87.
The historical rank and industry rank for Independent Bank's 5-Year Yield-on-Cost % or its related term are showing as below:
IBCP'
s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 1.89 Med: 4.14 Max: 8.12
Current: 3.87
During the past 13 years, Independent Bank's highest Yield on Cost was 8.12. The lowest was 1.89. And the median was 4.14.
IBCP's 5-Year Yield-on-Cost % is ranked worse than 50.24% of 1256
companies
in the Banks industry
Industry Median: 3.885
vs IBCP: 3.87
Independent Bank (NAS:IBCP) 5-Year Yield-on-Cost % Explanation
Of course the risk here is that the company may not raise its dividends as it did before. The key is to select the companies that can consistently raise its dividends. Usually companies with long history of raising dividends tend to do so.
Independent Bank 5-Year Yield-on-Cost % Related Terms
IBCP vs CARE, CWBC, FISI: 5-Year Yield-on-Cost % Comparison
For the Banks - Regional subindustry, Independent Bank's 5-Year Yield-on-Cost %, along with its competitors' market caps and 5-Year Yield-on-Cost % 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 5-Year Yield-on-Cost % vs Banks Industry
For the Banks industry and Financial Services sector, Independent Bank's 5-Year Yield-on-Cost % distribution charts can be found below:
* The bar in red indicates where Independent Bank's 5-Year Yield-on-Cost % falls into.
Independent Bank 5-Year Yield-on-Cost % Calculation
Dividend Yield % and dividend growth of a stock is an important factor for income investors. But if company A raises its dividend constantly faster than company B, company A's future dividend yield might be much higher than Company B's even if their yields are the same now and their stock prices do not change.
Yield on Cost assumes that you buy and the stock today, and hold it for 5 years. If the company raises it dividends at the same rate as it did over the past 5 years, the dividends investors receive annually in 5 years relative to the stock price today.
Independent Bank (IBCP) has a 5-Year Yield-on-Cost % of 3.87 as of Jul. 15, 2026. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Independent Bank and its competitors. This is near median its historical median of 4.14. Over the past decade, Independent Bank's 5-Year Yield-on-Cost % has ranged from 1.89 to 8.12. According to the industry distribution chart, Independent Bank ranks #631 out of 1256 companies in the Banks industry, placing it in the top 50.2%.
Is Independent Bank's 5-Year Yield-on-Cost % too high?
Independent Bank's current 5-Year Yield-on-Cost % of 3.87 is near median its 10-year median of 4.14. Over the past 10 years, this metric has ranged from a low of 1.89 to a high of 8.12. The Banks industry median 5-Year Yield-on-Cost % is 3.89. Independent Bank's value of 3.87 is 0.4% below this industry median. Based on the distribution chart, Independent Bank ranks #631 out of 1256 companies in the Banks industry, which is below the industry midpoint. Overall, Independent Bank has a GF Score™ of 65/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Independent Bank's 5-Year Yield-on-Cost % compare to CARE and CWBC?
According to the Banks industry distribution chart, Independent Bank ranks #631 out of 1256 companies for 5-Year Yield-on-Cost %. This places Independent Bank in the lower half of its industry. The industry median 5-Year Yield-on-Cost % is 3.89. Independent Bank's value of 3.87 is 0.4% below this benchmark. Historically, Independent Bank's own 5-Year Yield-on-Cost % has ranged from 1.89 to 8.12 over the past decade. While the company's 10-year median is 4.14 vs. the industry median of 3.89, Independent Bank has consistently been below 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 5-Year Yield-on-Cost % for a Banks company?
The median 5-Year Yield-on-Cost % among Banks companies is 3.89, based on 1,256 companies in the industry. Companies in the top quartile (top 25%) have a 5-Year Yield-on-Cost % significantly above this median, while those in the bottom quartile fall well below. However, 5-Year Yield-on-Cost % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Independent Bank's current 5-Year Yield-on-Cost % of 3.87 is 0.4% below 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 5-Year Yield-on-Cost % mean?
A high 5-Year Yield-on-Cost % can signal that a stock is expensive relative to its fundamentals. 5-Year Yield on Cost measures the expected yield based on a company's current yield and 5-year dividend growth. View historical data on Independent Bank and its competitors. For the Banks industry, the median 5-Year Yield-on-Cost % is 3.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Independent Bank's current 5-Year Yield-on-Cost % is 3.87, which is near median its own 10-year median of 4.14. 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 $35.90 — trading 11.1% above its estimated fair value. The current 5-Year Yield-on-Cost % is 3.87, which is near median its 10-year median of 4.14 and 0.4% below the Banks industry median of 3.89. Independent Bank's overall GF Score™ is 65/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 5-Year Yield-on-Cost % calculated?
5-Year Yield-on-Cost % is calculated from a company's financial statements. For Independent Bank (IBCP), the current 5-Year Yield-on-Cost % is 3.87 as of Jul. 15, 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 $35.90 is trading 11.1% above its estimated GF Value™ of $32.31.
GuruFocus considers Independent Bank to be Modestly Overvalued.
Key valuation signals for IBCP:
5-Year Yield-on-Cost %: 3.87 (near median its 10-year median of 4.14)
GF Value™: $32.31 vs. price of $35.90 (11.1% above fair value)
Industry Position: 0.4% below the Banks median (#631 of 1256)
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.
65GF Score
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