IBCP Independent Bank Corp

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

Price (delayed)

$21.62

Market cap

$450.57M

P/E Ratio

7.53

Dividend/share

$0.92

EPS

$2.87

Enterprise value

$452.32M

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 24% QoQ and by 22% YoY
The company's equity rose by 13% YoY
IBCP's price to earnings (P/E) is 12% more than its last 4 quarters average of 6.7 but 8% less than its 5-year quarterly average of 8.2
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.independentbank.com
Peers: MBWM MCBC HBAN SRCE

Key stats

What are the main financial stats of IBCP
Market
Shares outstanding
20.84M
Market cap
$450.57M
Enterprise value
$452.32M
Valuations
Price to earnings (P/E)
7.53
Price to book (P/B)
1.21
Price to sales (P/S)
2.25
EV/EBIT
6.09
EV/EBITDA
5.37
EV/Sales
2.24
Earnings
Revenue
$201.65M
EBIT
$74.32M
EBITDA
$84.28M
Free cash flow
$55.3M
Per share
EPS
$2.87
Free cash flow per share
$2.64
Book value per share
$17.9
Revenue per share
$9.63
TBVPS
$246.83
Balance sheet
Total assets
$5.2B
Total liabilities
$4.83B
Debt
$129.22M
Equity
$375M
Working capital
N/A
Liquidity
Debt to equity
0.34
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
0.02
Margins
EBITDA margin
41.8%
Gross margin
100%
Net margin
30%
Operating margin
36.9%
Efficiency
Return on assets
1.2%
Return on equity
16.5%
Return on invested capital
1.5%
Return on capital employed
N/A
Return on sales
36.9%
Dividend
Dividend yield
4.26%
DPS
$0.92
Payout ratio
32.1%

IBCP stock price

How has the Independent Bank stock price performed over time
Intraday
-0.37%
1 week
0.56%
1 month
10.14%
1 year
-11.9%
YTD
-9.62%
QTD
17.88%

Financial performance

How have Independent Bank's revenue and profit performed over time
Revenue
$201.65M
Gross profit
$201.65M
Operating income
$74.32M
Net income
$60.41M
Gross margin
100%
Net margin
30%

Growth

What is Independent Bank's growth rate over time

Valuation

What is Independent Bank stock price valuation
P/E
7.53
P/B
1.21
P/S
2.25
EV/EBIT
6.09
EV/EBITDA
5.37
EV/Sales
2.24
IBCP's price to earnings (P/E) is 12% more than its last 4 quarters average of 6.7 but 8% less than its 5-year quarterly average of 8.2
The company's equity rose by 13% YoY
The price to book (P/B) is 10% higher than the last 4 quarters average of 1.1
The price to sales (P/S) is 13% more than the last 4 quarters average of 2.0 but 2.2% less than the 5-year quarterly average of 2.3

Efficiency

How efficient is Independent Bank business performance
The company's return on assets fell by 8% YoY
The return on invested capital has declined by 6% year-on-year
The ROE has contracted by 4.1% YoY and by 2.4% from the previous quarter

Dividends

What is IBCP's dividend history
DPS
$0.92
Dividend yield
4.26%
Payout ratio
32.1%
Recent dividends

Financial health

How did Independent Bank financials performed over time
IBCP's total assets is 8% more than its total liabilities
The total liabilities is up by 4.9% year-on-year
IBCP's total assets is up by 5% YoY
The debt is 66% lower than the equity
IBCP's debt to equity is down by 32% YoY and by 24% QoQ
The debt is down by 24% QoQ and by 22% YoY

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