Independent Bank Corporation (IBCP)
NASDAQ: IBCP · Real-Time Price · USD
37.72
+0.65 (1.75%)
Nov 21, 2024, 4:00 PM EST - Market closed
Independent Bank Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | 2018 - 2014 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '24 Sep 30, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | Dec '19 Dec 31, 2019 | 2018 - 2014 |
| Cash & Equivalents | 121.56 | 169.48 | 74.07 | 109.47 | 108.77 | 38.69 | Upgrade
|
| Investment Securities | 653.42 | 733.14 | 826.72 | 979.3 | 677.55 | 240.54 | Upgrade
|
| Trading Asset Securities | 38.77 | 38.68 | 39.75 | 12.28 | 16.78 | 5.46 | Upgrade
|
| Mortgage-Backed Securities | 278.89 | 300.2 | 327.45 | 433.53 | 394.61 | 278.21 | Upgrade
|
| Total Investments | 971.09 | 1,072 | 1,194 | 1,425 | 1,089 | 524.21 | Upgrade
|
| Gross Loans | 3,942 | 3,791 | 3,465 | 2,905 | 2,743 | 2,733 | Upgrade
|
| Allowance for Loan Losses | -57.44 | -54.66 | -52.44 | -47.25 | -35.43 | -26.15 | Upgrade
|
| Other Adjustments to Gross Loans | - | - | - | - | -8.9 | -8.35 | Upgrade
|
| Net Loans | 3,885 | 3,736 | 3,413 | 2,858 | 2,698 | 2,699 | Upgrade
|
| Property, Plant & Equipment | 41.65 | 40.43 | 41.44 | 42.89 | 43.77 | 46.69 | Upgrade
|
| Goodwill | 28.3 | 28.3 | 28.3 | 28.3 | 28.3 | 28.3 | Upgrade
|
| Other Intangible Assets | 1.62 | 2 | 2.55 | 3.34 | 4.31 | 5.33 | Upgrade
|
| Loans Held for Sale | 14.03 | 12.06 | 46.89 | 90.28 | 92.43 | 69.8 | Upgrade
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| Accrued Interest Receivable | 5.3 | 65.11 | 54.12 | 18.87 | 12.32 | 10.11 | Upgrade
|
| Restricted Cash | - | 0.3 | 0.3 | - | 9.94 | 26.61 | Upgrade
|
| Long-Term Deferred Tax Assets | - | 23.8 | 29.5 | 4.35 | 0.28 | - | Upgrade
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| Other Real Estate Owned & Foreclosed | 0.78 | 0.57 | 0.46 | 0.25 | 0.77 | 1.87 | Upgrade
|
| Other Long-Term Assets | 174 | 96.58 | 97.69 | 105.68 | 97.52 | 95.85 | Upgrade
|
| Total Assets | 5,259 | 5,264 | 5,000 | 4,705 | 4,204 | 3,565 | Upgrade
|
| Accrued Expenses | 70 | 80.19 | 83.13 | 67.65 | 48.7 | 36.09 | Upgrade
|
| Interest Bearing Deposits | 3,603 | 3,370 | 3,026 | 2,702 | 2,434 | 2,113 | Upgrade
|
| Institutional Deposits | - | 176.6 | 82.9 | 93.1 | 50 | 71.5 | Upgrade
|
| Non-Interest Bearing Deposits | 1,024 | 1,076 | 1,270 | 1,322 | 1,153 | 852.08 | Upgrade
|
| Total Deposits | 4,627 | 4,623 | 4,379 | 4,117 | 3,637 | 3,037 | Upgrade
|
| Short-Term Borrowings | 24.06 | 21.84 | 80.13 | 5.96 | 11.75 | 29.4 | Upgrade
|
| Current Portion of Long-Term Debt | - | - | - | - | - | 28.65 | Upgrade
|
| Current Portion of Leases | 0.35 | 1.14 | - | - | - | - | Upgrade
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| Long-Term Debt | 39.57 | 39.54 | 39.44 | 39.37 | 39.29 | 0.01 | Upgrade
|
| Federal Home Loan Bank Debt, Long-Term | - | 50 | 25 | 30 | 30 | 35 | Upgrade
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| Long-Term Leases | 6.27 | 3.97 | 5.77 | 6.6 | 7.87 | 8.3 | Upgrade
|
| Trust Preferred Securities | 39.78 | 39.73 | 39.66 | 39.59 | 39.52 | 39.46 | Upgrade
|
| Other Long-Term Liabilities | - | - | - | - | - | 0.9 | Upgrade
|
| Total Liabilities | 4,807 | 4,859 | 4,652 | 4,306 | 3,814 | 3,215 | Upgrade
|
| Common Stock | 318.22 | 317.48 | 320.99 | 323.4 | 339.35 | 352.34 | Upgrade
|
| Retained Earnings | 192.41 | 159.11 | 119.37 | 74.58 | 40.15 | 1.61 | Upgrade
|
| Comprehensive Income & Other | -58.25 | -72.14 | -92.76 | 0.5 | 10.02 | -3.79 | Upgrade
|
| Shareholders' Equity | 452.37 | 404.45 | 347.6 | 398.48 | 389.52 | 350.17 | Upgrade
|
| Total Liabilities & Equity | 5,259 | 5,264 | 5,000 | 4,705 | 4,204 | 3,565 | Upgrade
|
| Total Debt | 110.02 | 156.21 | 190 | 121.52 | 128.44 | 140.81 | Upgrade
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| Net Cash (Debt) | 50.31 | 51.95 | -76.18 | 0.24 | -2.89 | -96.3 | Upgrade
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| Net Cash Growth | 166.68% | - | - | - | - | - | Upgrade
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| Net Cash Per Share | 2.39 | 2.45 | -3.58 | 0.01 | -0.13 | -4.15 | Upgrade
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| Filing Date Shares Outstanding | 20.89 | 20.91 | 21.13 | 21.2 | 21.77 | 22.11 | Upgrade
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| Total Common Shares Outstanding | 20.89 | 20.84 | 21.06 | 21.17 | 21.85 | 22.48 | Upgrade
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| Book Value Per Share | 21.65 | 19.41 | 16.50 | 18.82 | 17.82 | 15.58 | Upgrade
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| Tangible Book Value | 422.45 | 374.15 | 316.75 | 366.85 | 356.92 | 316.54 | Upgrade
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| Tangible Book Value Per Share | 20.22 | 17.96 | 15.04 | 17.33 | 16.33 | 14.08 | Upgrade
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Source: S&P Capital IQ. Banks template. Financial Sources.