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Price (delayed)
$33.865
Market cap
$707.66M
P/E Ratio
10.72
Dividend/share
$0.95
EPS
$3.16
Enterprise value
$622.63M
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% YoY
The company's equity rose by 15% YoY and by 3.6% QoQ
IBCP's price to earnings (P/E) is 42% more than its 5-year quarterly average of 7.4 and 28% more than its last 4 quarters average of 8.2
Key stats
What are the main financial stats of IBCP
Market
Valuations
Earnings
Shares outstanding
20.9M
Market cap
$707.66M
Enterprise value
$622.63M
Price to earnings (P/E)
10.72
Price to book (P/B)
1.64
Price to sales (P/S)
3.34
EV/EBIT
7.54
EV/EBITDA
6.72
EV/Sales
2.94
Revenue
$212.03M
EBIT
$82.59M
EBITDA
$92.67M
Free cash flow
$68.37M
Per share
Balance sheet
Liquidity
EPS
$3.16
Free cash flow per share
$3.27
Book value per share
$20.59
Revenue per share
$10.14
TBVPS
$251.04
Total assets
$5.28B
Total liabilities
$4.85B
Debt
$129.32M
Equity
$430.46M
Working capital
N/A
Debt to equity
0.3
Current ratio
N/A
Quick ratio
N/A
Net debt/EBITDA
-0.92
Margins
Efficiency
Dividend
EBITDA margin
43.7%
Gross margin
100%
Net margin
31%
Operating margin
39%
Return on assets
1.3%
Return on equity
16.2%
Return on invested capital
1.6%
Return on capital employed
N/A
Return on sales
39%
Dividend yield
2.81%
DPS
$0.95
Payout ratio
30.1%
IBCP stock price
How has the Independent Bank stock price performed over time
Intraday
1.97%
1 week
1.91%
1 month
1.54%
1 year
72.52%
YTD
30.15%
QTD
1.54%
Financial performance
How have Independent Bank's revenue and profit performed over time
Revenue
$212.03M
Gross profit
$212.03M
Operating income
$82.59M
Net income
$65.81M
Gross margin
100%
Net margin
31%
The operating income is up by 12% year-on-year and by 6% since the previous quarter
IBCP's net income is up by 9% YoY and by 6% from the previous quarter
The operating margin is up by 6% year-on-year and by 3.4% since the previous quarter
The company's gross profit rose by 5% YoY and by 2.9% QoQ
Growth
What is Independent Bank's growth rate over time
Valuation
What is Independent Bank stock price valuation
P/E
10.72
P/B
1.64
P/S
3.34
EV/EBIT
7.54
EV/EBITDA
6.72
EV/Sales
2.94
IBCP's price to earnings (P/E) is 42% more than its 5-year quarterly average of 7.4 and 28% more than its last 4 quarters average of 8.2
The EPS has increased by 11% year-on-year and by 6% since the previous quarter
The price to book (P/B) is 34% higher than the 5-year quarterly average of 1.2 and 34% higher than the last 4 quarters average of 1.2
The company's equity rose by 15% YoY and by 3.6% QoQ
The price to sales (P/S) is 49% more than the 5-year quarterly average of 2.2 and 31% more than the last 4 quarters average of 2.5
The revenue has grown by 5% YoY and by 2.9% from the previous quarter
Efficiency
How efficient is Independent Bank business performance
The company's return on assets rose by 8% QoQ and by 8% YoY
The return on invested capital has increased by 7% since the previous quarter and by 7% year-on-year
The return on sales has increased by 6% year-on-year and by 3.4% since the previous quarter
The ROE has contracted by 4.1% YoY but it has grown by 2.5% from the previous quarter
Dividends
What is IBCP's dividend history
DPS
$0.95
Dividend yield
2.81%
Payout ratio
30.1%
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 9% more than its total liabilities
IBCP's total assets is up by 2.8% YoY
The debt is 70% lower than the equity
IBCP's debt to equity is down by 33% YoY and by 3.2% QoQ
The debt is down by 24% YoY
All financial data is based on trailing twelve months (TTM) periods - updated quarterly, unless otherwise
specified. Data from 
and Sharadar.