IBCP Independent Bank Corp

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

Price (delayed)

$23.25

Market cap

$486.05M

P/E Ratio

8.24

Dividend/share

$0.93

EPS

$2.82

Enterprise value

$445.54M

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 22% YoY
The company's equity rose by 16% YoY and by 8% QoQ
IBCP's price to earnings (P/E) is 17% more than its last 4 quarters average of 7.0 and 5% more than its 5-year quarterly average of 7.8
IBCP's net income is down by 7% YoY and by 2.2% from the previous quarter
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.independentbank.com
Peers: MBWM MCBC SRCE HBAN

Key stats

What are the main financial stats of IBCP
Market
Shares outstanding
20.91M
Market cap
$486.05M
Enterprise value
$445.54M
Valuations
Price to earnings (P/E)
8.24
Price to book (P/B)
1.2
Price to sales (P/S)
2.41
EV/EBIT
6.05
EV/EBITDA
5.32
EV/Sales
2.22
Earnings
Revenue
$200.8M
EBIT
$73.68M
EBITDA
$83.7M
Free cash flow
$71.21M
Per share
EPS
$2.82
Free cash flow per share
$3.42
Book value per share
$19.41
Revenue per share
$9.63
TBVPS
$251.12
Balance sheet
Total assets
$5.26B
Total liabilities
$4.86B
Debt
$129.26M
Equity
$404.45M
Working capital
N/A
Liquidity
Debt to equity
0.32
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-0.48
Margins
EBITDA margin
41.7%
Gross margin
100%
Net margin
29.4%
Operating margin
36.7%
Efficiency
Return on assets
1.1%
Return on equity
15.5%
Return on invested capital
1.4%
Return on capital employed
N/A
Return on sales
36.7%
Dividend
Dividend yield
4%
DPS
$0.93
Payout ratio
33%

IBCP stock price

How has the Independent Bank stock price performed over time
Intraday
0.48%
1 week
-5.18%
1 month
-2.96%
1 year
36.93%
YTD
-10.65%
QTD
-8.28%

Financial performance

How have Independent Bank's revenue and profit performed over time
Revenue
$200.8M
Gross profit
$200.8M
Operating income
$73.68M
Net income
$59.07M
Gross margin
100%
Net margin
29.4%
IBCP's net income is down by 7% YoY and by 2.2% from the previous quarter
The operating income has declined by 5% year-on-year
The net margin is down by 4.2% YoY and by 2% QoQ
The company's gross profit fell by 2.6% YoY

Growth

What is Independent Bank's growth rate over time

Valuation

What is Independent Bank stock price valuation
P/E
8.24
P/B
1.2
P/S
2.41
EV/EBIT
6.05
EV/EBITDA
5.32
EV/Sales
2.22
IBCP's price to earnings (P/E) is 17% more than its last 4 quarters average of 7.0 and 5% more than its 5-year quarterly average of 7.8
The EPS has declined by 6% year-on-year
The company's equity rose by 16% YoY and by 8% QoQ
The price to book (P/B) is 8% higher than the last 4 quarters average of 1.1
The price to sales (P/S) is 14% more than the last 4 quarters average of 2.1 and 9% more than the 5-year quarterly average of 2.2
The revenue has contracted by 2.6% YoY

Efficiency

How efficient is Independent Bank business performance
The ROE has contracted by 16% YoY and by 6% from the previous quarter
The company's return on assets fell by 15% YoY and by 8% QoQ
The return on invested capital has declined by 13% year-on-year and by 7% since the previous quarter
The return on sales has declined by 2.7% year-on-year

Dividends

What is IBCP's dividend history
DPS
$0.93
Dividend yield
4%
Payout ratio
33%
Recent dividends

Financial health

How did Independent Bank financials performed over time
IBCP's total assets is 8% more than its total liabilities
IBCP's total assets is up by 5% YoY
The total liabilities is up by 4.5% year-on-year
The debt is 68% lower than the equity
IBCP's debt to equity is down by 32% YoY and by 6% QoQ
The debt is down by 22% YoY

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