IBCP
Independent Bank Corp (Michigan)
Price:  
35.11 
USD
Volume:  
101,903.00
United States | Banks
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IBCP WACC - Weighted Average Cost of Capital

The WACC of Independent Bank Corp (Michigan) (IBCP) is 9.0%.

The Cost of Equity of Independent Bank Corp (Michigan) (IBCP) is 9.50%.
The Cost of Debt of Independent Bank Corp (Michigan) (IBCP) is 5.00%.

Range Selected
Cost of equity 8.20% - 10.80% 9.50%
Tax rate 18.90% - 19.30% 19.10%
Cost of debt 5.00% - 5.00% 5.00%
WACC 7.8% - 10.2% 9.0%
WACC

IBCP WACC calculation

Category Low High
Long-term bond rate 3.9% 4.4%
Equity market risk premium 4.6% 5.6%
Adjusted beta 0.95 1.07
Additional risk adjustments 0.0% 0.5%
Cost of equity 8.20% 10.80%
Tax rate 18.90% 19.30%
Debt/Equity ratio 0.11 0.11
Cost of debt 5.00% 5.00%
After-tax WACC 7.8% 10.2%
Selected WACC 9.0%