IBCP Independent Bank Corp

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

Price (delayed)

$36.04

Market cap

$742.65M

P/E Ratio

10.66

Dividend/share

$1.08

EPS

$3.38

Enterprise value

$634.62M

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Relative Growth: Rel. Growth: 53
Relative Strength: Rel. Strength: 51
Relative Valuation: Rel. Valuation: 81
Relative Profitability: Rel. Profitability: 83

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 46% YoY and by 43% QoQ
The company's equity rose by 9% YoY
IBCP's price to earnings (P/E) is 25% more than its 5-year quarterly average of 8.5 and 8% more than its last 4 quarters average of 9.9
Sector: Financial Services
Industry: Banks - Regional
Website: http://www.independentbank.com
Peers: MBWM SRCE HBAN

Key stats

What are the main financial stats of IBCP

IBCP stock price

How has the Independent Bank stock price performed over time
Intraday
-1.8%
1 week
1.29%
1 month
5.2%
1 year
6.79%
YTD
10.79%
QTD
-0.08%

Financial performance

How have Independent Bank's revenue and profit performed over time
Revenue
$224.68M
Gross profit
$224.68M
Operating income
$82.4M
Net income
$69.83M
Gross margin
100%
Net margin
31.1%
IBCP's net income is up by 5% YoY
The net margin is up by 3% YoY
The revenue has grown by 2.4% YoY and by 2.3% from the previous quarter
The operating margin has declined by 2.1% 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
IBCP P/E details
P/E
10.66
P/B
1.45
P/S
3.3
EV/EBIT
7.7
EV/EBITDA
6.87
EV/Sales
2.82
IBCP's price to earnings (P/E) is 25% more than its 5-year quarterly average of 8.5 and 8% more than its last 4 quarters average of 9.9
The EPS has increased by 6% year-on-year and by 2.4% since the previous quarter
The price to book (P/B) is 12% higher than the 5-year quarterly average of 1.3 and 3.6% higher than the last 4 quarters average of 1.4
The company's equity rose by 9% YoY
The price to sales (P/S) is 27% more than the 5-year quarterly average of 2.6 and 10% more than the last 4 quarters average of 3.0
The revenue has grown by 2.4% YoY and by 2.3% from the previous quarter

Efficiency

How efficient is Independent Bank business performance
The return on invested capital has declined by 6% year-on-year
The ROE has contracted by 3.4% YoY
The return on sales has declined by 2.1% year-on-year

Dividends

What is IBCP's dividend history
Dividend details
DPS
$1.08
Dividend yield
3%
Payout ratio
32%
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
IBCP's total assets is up by 4.3% YoY
The total liabilities is up by 3.8% year-on-year
The debt is 87% lower than the equity
IBCP's debt to equity has shrunk by 52% YoY and by 43% QoQ
The debt is down by 46% YoY and by 43% QoQ

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