Independent Bank Statistics

Total Valuation

IBCP has a market cap or net worth of $750.99 million. The enterprise value is $748.40 million.

Market Cap	750.99M
Enterprise Value	748.40M

Important Dates

The last earnings date was Thursday, January 23, 2025, before market open.

Earnings Date	Jan 23, 2025
Ex-Dividend Date	Nov 5, 2024

Share Statistics

IBCP has 20.90 million shares outstanding. The number of shares has decreased by -0.16% in one year.

Current Share Class	20.90M
Shares Outstanding	20.90M
Shares Change (YoY)	-0.16%
Shares Change (QoQ)	+0.03%
Owned by Insiders (%)	2.29%
Owned by Institutions (%)	87.10%
Float	20.40M

Valuation Ratios

The trailing PE ratio is 11.37 and the forward PE ratio is 11.58.

PE Ratio	11.37
Forward PE	11.58
PS Ratio	3.41
Forward PS	4.19
PB Ratio	1.64
P/TBV Ratio	1.75
P/FCF Ratio	n/a
P/OCF Ratio	n/a
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

EV / Earnings	11.21
EV / Sales	3.43
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	n/a

Financial Position

Current Ratio	n/a
Quick Ratio	n/a
Debt / Equity	n/a
Debt / EBITDA	n/a
Debt / FCF	n/a
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 15.55%.

Return on Equity (ROE)	15.55%
Return on Assets (ROA)	1.26%
Return on Capital (ROIC)	n/a
Revenue Per Employee	$262,190
Profits Per Employee	$80,276
Employee Count	832
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, IBCP has paid $16.26 million in taxes.

Income Tax	16.26M
Effective Tax Rate	19.57%

Stock Price Statistics

The stock price has increased by +38.74% in the last 52 weeks. The beta is 1.02, so IBCP's price volatility has been similar to the market average.

Beta (5Y)	1.02
52-Week Price Change	+38.74%
50-Day Moving Average	36.27
200-Day Moving Average	31.31
Relative Strength Index (RSI)	55.86
Average Volume (20 Days)	128,885

Short Selling Information

The latest short interest is 88,354, so 0.42% of the outstanding shares have been sold short.

Short Interest	88,354
Short Previous Month	188,187
Short % of Shares Out	0.42%
Short % of Float	0.43%
Short Ratio (days to cover)	1.13

Income Statement

In the last 12 months, IBCP had revenue of $218.14 million and earned $66.79 million in profits. Earnings per share was $3.16.

Revenue	218.14M
Gross Profit	218.14M
Operating Income	85.92M
Pretax Income	82.59M
Net Income	66.79M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$3.16

Full Income Statement

Balance Sheet

The company has $119.88 million in cash and $124.39 million in debt, giving a net cash position of -$4.51 million or -$0.22 per share.

Cash & Cash Equivalents	119.88M
Total Debt	124.39M
Net Cash	-4.51M
Net Cash Per Share	-$0.22
Equity (Book Value)	454.69M
Book Value Per Share	21.76
Working Capital	-4.48B

Full Balance Sheet

Cash Flow

Operating Cash Flow	n/a
Capital Expenditures	n/a
Free Cash Flow	n/a
FCF Per Share	n/a

Full Cash Flow Statement

Margins

Gross Margin	n/a
Operating Margin	39.39%
Pretax Margin	38.07%
Profit Margin	30.62%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	n/a

Dividends & Yields

This stock pays an annual dividend of $0.96, which amounts to a dividend yield of 2.67%.

Dividend Per Share	$0.96
Dividend Yield	2.67%
Dividend Growth (YoY)	4.35%
Years of Dividend Growth	10
Payout Ratio	30.38%
Buyback Yield	0.16%
Shareholder Yield	2.86%
Earnings Yield	8.98%
FCF Yield	n/a

Dividend Details

Analyst Forecast

The average price target for IBCP is $35.50, which is -1.22% lower than the current price. The consensus rating is "Hold".

Price Target	$35.50
Price Target Difference	-1.22%
Analyst Consensus	Hold
Analyst Count	3
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

Stock Forecasts

Stock Splits

The last stock split was on September 1, 2010. It was a reverse split with a ratio of 0.1:1.

Last Split Date	Sep 1, 2010
Split Type	Reverse
Split Ratio	0.1:1

Scores

Altman Z-Score	n/a
Piotroski F-Score	2