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IBCP Independent Bank Corp
- Stocks
- Financial Services
- NASDAQ: IBCP
Price (delayed)
$31.07
Market cap
$643.8M
P/E Ratio
9.77
Dividend/share
$1
EPS
$3.18
Enterprise value
$640.09M
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 company's equity rose by 12% YoY and by 2.8% QoQ
The company's gross profit rose by 7% YoY
IBCP's price to earnings (P/E) is 27% more than its 5-year quarterly average of 7.7 but 3.3% less than its last 4 quarters average of 10.1
Key stats
What are the main financial stats of IBCP
Market
Valuations
Earnings
Shares outstanding
20.72M
Market cap
$643.8M
Enterprise value
$640.09M
Price to earnings (P/E)
9.77
Price to book (P/B)
1.39
Price to sales (P/S)
2.97
EV/EBIT
7.77
EV/EBITDA
6.94
EV/Sales
2.92
Revenue
$219.52M
Gross profit
$219.52M
Operating income
$82.35M
Net income
$66.39M
EBIT
$82.35M
EBITDA
$92.2M
Free cash flow
$66.28M
Per share
Balance sheet
Liquidity
EPS
$3.18
EPS diluted
$3.14
Free cash flow per share
$3.16
Book value per share
$22.28
Revenue per share
$10.47
TBVPS
$252.65
Total assets
$5.33B
Total liabilities
$4.86B
Debt
$124.43M
Equity
$467.28M
Working capital
N/A
Debt to equity
0.27
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-0.04
Margins
Efficiency
Dividend
EBITDA margin
42%
Gross margin
100%
Net margin
30.2%
Operating margin
37.5%
Return on assets
1.3%
Return on equity
14.7%
Return on invested capital
1.6%
Return on capital employed
N/A
Return on sales
37.5%
Dividend yield
3.22%
DPS
$1
Payout ratio
31.4%
IBCP stock price
How has the Independent Bank stock price performed over time
Intraday
-1.99%
1 week
-1.43%
1 month
-1.37%
1 year
29.08%
YTD
-10.8%
QTD
0.91%
Financial performance
How have Independent Bank's revenue and profit performed over time
Revenue
$219.52M
Gross profit
$219.52M
Operating income
$82.35M
Net income
$66.39M
Gross margin
100%
Net margin
30.2%
The company's gross profit rose by 7% YoY
The revenue has grown by 7% YoY
IBCP's net income is up by 7% YoY
The operating income is up by 6% year-on-year
Price vs fundamentals
How does IBCP's price correlate with its fundamentals
Growth
What is Independent Bank's growth rate over time
Valuation
What is Independent Bank stock price valuation
P/E
9.77
P/B
1.39
P/S
2.97
EV/EBIT
7.77
EV/EBITDA
6.94
EV/Sales
2.92
IBCP's price to earnings (P/E) is 27% more than its 5-year quarterly average of 7.7 but 3.3% less than its last 4 quarters average of 10.1
The EPS has increased by 7% year-on-year
The price to book (P/B) is 16% higher than the 5-year quarterly average of 1.2 but 7% lower than the last 4 quarters average of 1.5
The company's equity rose by 12% YoY and by 2.8% QoQ
The price to sales (P/S) is 29% more than the 5-year quarterly average of 2.3 but 4.2% less than the last 4 quarters average of 3.1
The revenue has grown by 7% YoY
Efficiency
How efficient is Independent Bank business performance
The company's return on assets rose by 8% YoY
The ROE has contracted by 7% YoY and by 3.3% from the previous quarter
The return on invested capital has increased by 7% year-on-year
Dividends
What is IBCP's dividend history
DPS
$1
Dividend yield
3.22%
Payout ratio
31.4%
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 10% more than its total liabilities
The debt is 73% lower than the equity
IBCP's debt to equity is down by 13% YoY
The company's equity rose by 12% YoY and by 2.8% QoQ
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise specified.