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Price (delayed)
$37.72
Market cap
$788.12M
P/E Ratio
12.66
Dividend/share
$0.96
EPS
$2.98
Enterprise value
$745.91M
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 debt is down by 39% QoQ and by 39% YoY
The company's equity rose by 21% YoY and by 5% QoQ
The EPS has declined by 6% since the previous quarter but it has increased by 3.8% year-on-year
IBCP's net income is down by 6% from the previous quarter but it is up by 2.8% YoY
IBCP's price to earnings (P/E) is 67% more than its 5-year quarterly average of 7.6 and 35% more than its last 4 quarters average of 9.4
Key stats
What are the main financial stats of IBCP
Market
Valuations
Earnings
Shares outstanding
20.89M
Market cap
$788.12M
Enterprise value
$745.91M
Price to earnings (P/E)
12.66
Price to book (P/B)
1.74
Price to sales (P/S)
3.79
EV/EBIT
9.54
EV/EBITDA
8.45
EV/Sales
3.58
Revenue
$208.21M
EBIT
$78.23M
EBITDA
$88.29M
Free cash flow
$58.44M
Per share
Balance sheet
Liquidity
EPS
$2.98
Free cash flow per share
$2.8
Book value per share
$21.65
Revenue per share
$9.96
TBVPS
$250.25
Total assets
$5.26B
Total liabilities
$4.81B
Debt
$79.35M
Equity
$452.37M
Working capital
N/A
Debt to equity
0.18
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-0.48
Margins
Efficiency
Dividend
EBITDA margin
42.4%
Gross margin
100%
Net margin
29.8%
Operating margin
37.6%
Return on assets
1.2%
Return on equity
14.6%
Return on invested capital
1.5%
Return on capital employed
N/A
Return on sales
37.6%
Dividend yield
2.55%
DPS
$0.96
Payout ratio
32.2%
IBCP stock price
How has the Independent Bank stock price performed over time
Intraday
1.75%
1 week
-0.53%
1 month
14.23%
1 year
75.12%
YTD
44.97%
QTD
13.1%
Financial performance
How have Independent Bank's revenue and profit performed over time
Revenue
$208.21M
Gross profit
$208.21M
Operating income
$78.23M
Net income
$62.07M
Gross margin
100%
Net margin
29.8%
IBCP's net income is down by 6% from the previous quarter but it is up by 2.8% YoY
The operating income has declined by 5% since the previous quarter but it is up by 5% year-on-year
The operating margin has declined by 3.6% since the previous quarter
The net margin is down by 3.9% QoQ
Growth
What is Independent Bank's growth rate over time
Valuation
What is Independent Bank stock price valuation
P/E
12.66
P/B
1.74
P/S
3.79
EV/EBIT
9.54
EV/EBITDA
8.45
EV/Sales
3.58
IBCP's price to earnings (P/E) is 67% more than its 5-year quarterly average of 7.6 and 35% more than its last 4 quarters average of 9.4
The EPS has declined by 6% since the previous quarter but it has increased by 3.8% year-on-year
The price to book (P/B) is 45% higher than the 5-year quarterly average of 1.2 and 24% higher than the last 4 quarters average of 1.4
The company's equity rose by 21% YoY and by 5% QoQ
The price to sales (P/S) is 72% more than the 5-year quarterly average of 2.2 and 35% more than the last 4 quarters average of 2.8
The revenue has grown by 3.3% YoY
Efficiency
How efficient is Independent Bank business performance
The ROE has contracted by 12% YoY and by 10% from the previous quarter
The company's return on assets fell by 8% QoQ
The return on invested capital has declined by 6% since the previous quarter
The return on sales has declined by 3.6% since the previous quarter
Dividends
What is IBCP's dividend history
DPS
$0.96
Dividend yield
2.55%
Payout ratio
32.2%
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 82% lower than the equity
IBCP's debt to equity is down by 47% YoY and by 40% QoQ
The debt is down by 39% QoQ and by 39% YoY
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.