IBCP Independent Bank Corp

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

Price (delayed)

$20.86

Market cap

$454.44M

P/E Ratio

6.21

Dividend/share

$0.62

EPS

$3.36

Enterprise value

$432.78M

Highlights
The EPS has surged by 81% year-on-year and by 31% since the previous quarter
IBCP's net income has soared by 75% YoY and by 31% from the previous quarter
Sector: Financial Services
Industry: Banks - Regional
Peers: MBWM MCBC SRCE HBAN

Key stats

What are the main financial stats of IBCP
Market
Shares outstanding
21.79M
Market cap
$454.44M
Enterprise value
$432.78M
Valuations
Price to earnings (P/E)
6.21
Price to book (P/B)
1.17
Price to sales (P/S)
2.12
EV/EBIT
4.76
EV/EBITDA
4.27
EV/Sales
2.02
Earnings
Revenue
$214.58M
EBIT
$90.87M
EBITDA
$101.39M
Free cash flow
$66.52M
Per share
EPS
$3.36
Free cash flow per share
$3.06
Book value per share
$17.79
Revenue per share
$9.86
TBVPS
$201.81
Balance sheet
Total assets
$4.43B
Total liabilities
$4.04B
Debt
$108.85M
Equity
$387.33M
Working capital
N/A
Liquidity
Debt to equity
0.28
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-0.21
Margins
EBITDA margin
47.3%
Gross margin
100%
Net margin
34.2%
Operating margin
42.3%
Efficiency
Return on assets
1.7%
Return on equity
19.5%
Return on invested capital
2.2%
Return on capital employed
N/A
Return on sales
42.3%
Dividend
Dividend yield
2.97%
DPS
$0.62
Payout ratio
18.5%

IBCP stock price

How has the Independent Bank stock price performed over time
Intraday
-0.57%
1 week
0.38%
1 month
-3.96%
1 year
50.18%
YTD
12.94%
QTD
-3.92%

Financial performance

How have Independent Bank's revenue and profit performed over time
Revenue
$214.58M
Gross profit
$214.58M
Operating income
$90.87M
Net income
$73.38M
Gross margin
100%
Net margin
34.2%
IBCP's net income has soared by 75% YoY and by 31% from the previous quarter
The operating income has surged by 75% year-on-year and by 31% since the previous quarter
The operating margin is up by 34% year-on-year and by 17% since the previous quarter
The net margin is up by 34% YoY and by 17% QoQ

Growth

What is Independent Bank's growth rate over time

Valuation

What is Independent Bank stock price valuation
P/E
6.21
P/B
1.17
P/S
2.12
EV/EBIT
4.76
EV/EBITDA
4.27
EV/Sales
2.02
The EPS has surged by 81% year-on-year and by 31% since the previous quarter
IBCP's price to earnings (P/E) is 56% less than its 5-year quarterly average of 14.2 and 7% less than its last 4 quarters average of 6.7
The price to book (P/B) is 21% lower than the 5-year quarterly average of 1.5 but 18% higher than the last 4 quarters average of 1.0
The company's equity rose by 15% YoY
The price to sales (P/S) is 31% less than the 5-year quarterly average of 3.1 but 7% more than the last 4 quarters average of 2.0
The revenue has grown by 31% YoY and by 12% from the previous quarter

Efficiency

How efficient is Independent Bank business performance
The ROE has soared by 59% YoY and by 26% from the previous quarter
The return on invested capital has increased by 47% year-on-year and by 29% since the previous quarter
The company's return on assets rose by 42% YoY and by 21% QoQ
The return on sales has increased by 34% year-on-year and by 17% since the previous quarter

Dividends

What is IBCP's dividend history
DPS
$0.62
Dividend yield
2.97%
Payout ratio
18.5%
Recent dividends

Financial health

How did Independent Bank financials performed over time
IBCP's total assets is 10% more than its total liabilities
The total liabilities is up by 23% year-on-year and by 6% since the previous quarter
IBCP's total assets is up by 22% YoY and by 5% from the previous quarter
The debt is 72% lower than the equity
IBCP's debt to equity is down by 33% YoY
The debt is down by 23% YoY

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