IBCP Independent Bank Corp

  1. Stocks
  2. Financial Services
  3. NASDAQ: IBCP

Price (delayed)

$37.01

Market cap

$821.6M

P/E Ratio

10.64

Dividend/share

$1.1

EPS

$3.48

Enterprise value

$823.05M

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Relative Growth: Rel. Growth: 55
Relative Strength: Rel. Strength: 55
Relative Valuation: Rel. Valuation: 82
Relative Profitability: Rel. Profitability: 83

Independent Bank Corporation is a Michigan-based bank holding company with total assets of $5.3 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch ...

Highlights
The company's equity rose by 13% YoY and by 3.5% QoQ
The EPS has increased by 12% year-on-year and by 3% since the previous quarter
The debt has soared by 150% QoQ but it is down by 8% YoY
IBCP's price to earnings (P/E) is 24% more than its 5-year quarterly average of 8.6 and 7% more than its last 4 quarters average of 9.9
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.independentbank.com
Peers: MBWM SRCE HBAN

Key stats

What are the main financial stats of IBCP

IBCP stock price

How has the Independent Bank stock price performed over time
Intraday
0.71%
1 week
1.01%
1 month
-3.82%
1 year
13.04%
YTD
13.77%
QTD
2.61%

Financial performance

How have Independent Bank's revenue and profit performed over time
Revenue
$230.76M
Gross profit
$230.76M
Operating income
$84.43M
Net income
$71.75M
Gross margin
100%
Net margin
31.1%
IBCP's net income is up by 11% YoY and by 2.8% from the previous quarter
The company's gross profit rose by 6% YoY and by 2.7% QoQ
The operating income is up by 6% year-on-year and by 2.5% since the previous quarter
The revenue has grown by 6% YoY and by 2.7% from the previous quarter

Price vs fundamentals

How does IBCP's price correlate with its fundamentals

Growth

What is Independent Bank's growth rate over time

Valuation

What is Independent Bank stock price valuation
IBCP P/E details
P/E
10.64
P/B
1.44
P/S
3.3
EV/EBIT
9.75
EV/EBITDA
8.72
EV/Sales
3.57
IBCP's price to earnings (P/E) is 24% more than its 5-year quarterly average of 8.6 and 7% more than its last 4 quarters average of 9.9
The EPS has increased by 12% year-on-year and by 3% since the previous quarter
The company's equity rose by 13% YoY and by 3.5% QoQ
The price to book (P/B) is 11% higher than the 5-year quarterly average of 1.3 and 2.9% higher than the last 4 quarters average of 1.4
The price to sales (P/S) is 27% more than the 5-year quarterly average of 2.6 and 6% more than the last 4 quarters average of 3.1
The revenue has grown by 6% YoY and by 2.7% from the previous quarter

Efficiency

How efficient is Independent Bank business performance
The company's return on assets rose by 8% YoY

Dividends

What is IBCP's dividend history
Dividend details
DPS
$1.1
Dividend yield
2.97%
Payout ratio
31.6%
Recent dividends

Special dividends are included in TTM DPS and yield

Financial health

How did Independent Bank financials performed over time
IBCP's total assets is 10% more than its total liabilities
IBCP's total assets is up by 4.5% YoY
The total liabilities is up by 3.8% year-on-year
The debt is 68% lower than the equity
The debt has soared by 150% QoQ but it is down by 8% YoY
IBCP's debt to equity has soared by 146% QoQ but it is down by 18% YoY

All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.