Loading...
XNASIBCP
Market cap721mUSD
Jan 03, Last price  
34.52USD
1D
0.42%
1Q
6.66%
Jan 2017
59.06%
Name

Independent Bank Corp (Michigan)

Chart & Performance

D1W1MN
XNAS:IBCP chart
P/E
12.21
P/S
3.60
EPS
2.83
Div Yield, %
2.68%
Shrs. gr., 5y
-2.29%
Rev. gr., 5y
5.56%
Revenues
200m
-1.99%
155,331,000178,614,000165,247,000167,736,000159,870,000197,264,000165,862,000141,482,000127,709,000111,757,000104,402,000108,572,000117,275,000128,410,000152,971,000164,096,000197,519,000199,032,000204,571,000200,499,000
Net income
59m
-6.76%
38,558,00046,912,00033,203,00010,357,000-91,664,000-90,227,000-16,709,000-20,200,00026,198,00077,509,00018,021,00020,017,00022,766,00020,475,00039,839,00046,435,00056,152,00062,895,00063,351,00059,067,000
CFO
76m
-20.12%
64,424,00048,347,00022,232,00017,814,00027,714,000-49,168,000-2,662,00035,408,00029,393,00052,070,00013,071,00024,035,00023,983,00038,607,00044,921,00033,980,00058,173,000110,154,00094,632,00075,589,000
Dividend
Aug 05, 20240.24 USD/sh
Earnings
Jan 23, 2025

Profile

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
URL
https://ir.independentbank.com/
IPO date
Jan 16, 1984
Employees
803
Domiciled in
US
Incorporated in
US

Valuation

Title
USD in thousands, except ratios and share amounts
FYFYFYFYFYFYFYFYFY
2023‑122022‑122021‑122020‑122019‑122018‑122017‑122016‑122015‑12
Income
Revenues
200,499
-1.99%
204,571
2.78%
Cost of revenue
(9,921)
85,223
Unusual Expense (Income)
NOPBT
210,420
119,348
NOPBT Margin
104.95%
58.34%
Operating Taxes
14,609
14,437
Tax Rate
6.94%
12.10%
NOPAT
195,811
104,911
Net income
59,067
-6.76%
63,351
0.73%
Dividends
(19,327)
(18,565)
Dividend yield
3.51%
3.64%
Proceeds from repurchase of equity
(5,087)
(3,933)
BB yield
0.92%
0.77%
Debt
Debt current
61,000
Long-term debt
133,236
169,341
Deferred revenue
(13,240)
Other long-term liabilities
2,047,322
(104,099)
Net debt
(205,385)
(1,777,542)
Cash flow
Cash from operating activities
75,589
94,632
CAPEX
(6,024)
(5,679)
Cash from investing activities
(162,945)
(424,592)
Cash from financing activities
182,766
294,858
FCF
2,907,252
(87,237)
Balance
Cash
169,481
853,718
Long term investments
169,140
1,154,165
Excess cash
328,596
1,997,654
Stockholders' equity
404,449
347,596
Invested Capital
2,239,571
4,699,951
ROIC
5.64%
2.83%
ROCE
8.19%
2.36%
EV
Common stock shares outstanding
21,170
21,296
Price
26.02
8.78%
23.92
0.21%
Market cap
550,843
8.14%
509,400
-2.14%
EV
345,458
(1,268,142)
EBITDA
216,167
130,175
EV/EBITDA
1.60
Interest
83,348
19,447
Interest/NOPBT
39.61%
16.29%