IBCP Independent Bank Corp
Price (delayed)
$30.39
Market cap
$637.36M
P/E Ratio
9.5
Dividend/share
$0.98
EPS
$3.2
Enterprise value
$641.87M
Independent Bank Corporation is a Michigan-based bank holding company with total assets of approximately $4.2 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a
Highlights
The EPS has increased by 13% year-on-year and by 7% since the previous quarter
IBCP's net income is up by 13% YoY and by 8% from the previous quarter
The debt has soared by 57% QoQ but it is down by 3.8% YoY
IBCP's price to earnings (P/E) is 25% more than its 5-year quarterly average of 7.6 but 2.9% less than its last 4 quarters average of 9.8
Key stats
What are the main financial stats of IBCP
Market
Valuations
Earnings
Shares outstanding
20.97M
Market cap
$637.36M
Enterprise value
$641.87M
Price to earnings (P/E)
9.5
Price to book (P/B)
1.4
Price to sales (P/S)
2.91
EV/EBIT
7.73
EV/EBITDA
6.9
EV/Sales
2.94
Revenue
$218.14M
Gross profit
$218.14M
Operating income
$83.05M
Net income
$66.79M
EBIT
$83.05M
EBITDA
$93.05M
Free cash flow
$56.16M
Per share
Balance sheet
Liquidity
EPS
$3.2
EPS diluted
$3.16
Free cash flow per share
$2.69
Book value per share
$21.76
Revenue per share
$10.44
TBVPS
$254.06
Total assets
$5.34B
Total liabilities
$4.88B
Debt
$124.39M
Equity
$454.69M
Working capital
N/A
Debt to equity
0.27
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
0.05
Margins
Efficiency
Dividend
EBITDA margin
42.7%
Gross margin
100%
Net margin
30.6%
Operating margin
38.1%
Return on assets
1.3%
Return on equity
15.2%
Return on invested capital
1.6%
Return on capital employed
N/A
Return on sales
38.1%
Dividend yield
3.22%
DPS
$0.98
Payout ratio
30.6%
IBCP stock price
How has the Independent Bank stock price performed over time
Intraday
-0.2%
1 week
-4.4%
1 month
-14.97%
1 year
25.37%
YTD
-12.75%
QTD
-12.75%
Financial performance
How have Independent Bank's revenue and profit performed over time
Revenue
$218.14M
Gross profit
$218.14M
Operating income
$83.05M
Net income
$66.79M
Gross margin
100%
Net margin
30.6%
The operating income is up by 13% year-on-year and by 6% since the previous quarter
IBCP's net income is up by 13% YoY and by 8% from the previous quarter
The company's gross profit rose by 9% YoY and by 4.8% QoQ
The revenue has grown by 9% YoY and by 4.8% from the previous quarter
Growth
What is Independent Bank's growth rate over time
Valuation
What is Independent Bank stock price valuation
P/E
9.5
P/B
1.4
P/S
2.91
EV/EBIT
7.73
EV/EBITDA
6.9
EV/Sales
2.94
IBCP's price to earnings (P/E) is 25% more than its 5-year quarterly average of 7.6 but 2.9% less than its last 4 quarters average of 9.8
The EPS has increased by 13% year-on-year and by 7% since the previous quarter
The price to book (P/B) is 17% higher than the 5-year quarterly average of 1.2
The company's equity rose by 12% YoY
The price to sales (P/S) is 27% more than the 5-year quarterly average of 2.3 but 2.7% less than the last 4 quarters average of 3.0
The revenue has grown by 9% YoY and by 4.8% from the previous quarter
Efficiency
How efficient is Independent Bank business performance
The company's return on assets rose by 18% YoY and by 8% QoQ
The return on invested capital has increased by 14% year-on-year and by 7% since the previous quarter
The return on sales has increased by 3.8% year-on-year
The ROE has grown by 4.1% from the previous quarter
Dividends
What is IBCP's dividend history
DPS
$0.98
Dividend yield
3.22%
Payout ratio
30.6%
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 9% more than its total liabilities
The debt is 73% lower than the equity
The debt has soared by 57% QoQ but it is down by 3.8% YoY
IBCP's debt to equity has soared by 50% QoQ but it is down by 16% YoY
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.