Independent Bank Corporation (IBCP)

Independent Bank Statistics

Total Valuation

IBCP has a market cap or net worth of $647.01 million. The enterprise value is $638.37 million.

Market Cap	647.01M
Enterprise Value	638.37M

Important Dates

The next estimated earnings date is Thursday, April 24, 2025, before market open.

Earnings Date	Apr 24, 2025
Ex-Dividend Date	Feb 4, 2025

Share Statistics

IBCP has 20.97 million shares outstanding. The number of shares has decreased by -0.30% in one year.

Current Share Class	20.97M
Shares Outstanding	20.97M
Shares Change (YoY)	-0.30%
Shares Change (QoQ)	+0.03%
Owned by Insiders (%)	2.43%
Owned by Institutions (%)	81.19%
Float	20.46M

Valuation Ratios

The trailing PE ratio is 9.72 and the forward PE ratio is 9.87.

PE Ratio	9.72
Forward PE	9.87
PS Ratio	2.95
Forward PS	3.49
PB Ratio	1.42
P/TBV Ratio	1.52
P/FCF Ratio	11.70
P/OCF Ratio	10.23
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	9.56
EV / Sales	2.93
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	11.56

Financial Position

Current Ratio	n/a
Quick Ratio	n/a
Debt / Equity	n/a
Debt / EBITDA	n/a
Debt / FCF	2.71
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 Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Revenue Per Employee	$261,561
Profits Per Employee	$80,084
Employee Count	834
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 +21.14% in the last 52 weeks. The beta is 1.03, so IBCP's price volatility has been similar to the market average.

Beta (5Y)	1.03
52-Week Price Change	+21.14%
50-Day Moving Average	33.51
200-Day Moving Average	33.21
Relative Strength Index (RSI)	35.76
Average Volume (20 Days)	95,614

Short Selling Information

The latest short interest is 232,350, so 1.11% of the outstanding shares have been sold short.

Short Interest	232,350
Short Previous Month	188,743
Short % of Shares Out	1.11%
Short % of Float	1.14%
Short Ratio (days to cover)	1.96

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

Balance Sheet

The company has $156.94 million in cash and $149.35 million in debt, giving a net cash position of $7.59 million or $0.36 per share.

Cash & Cash Equivalents	156.94M
Total Debt	149.35M
Net Cash	7.59M
Net Cash Per Share	$0.36
Equity (Book Value)	454.69M
Book Value Per Share	21.76
Working Capital	-4.58B

Cash Flow

In the last 12 months, operating cash flow was $63.15 million and capital expenditures -$7.95 million, giving a free cash flow of $55.20 million.

Operating Cash Flow	63.15M
Capital Expenditures	-7.95M
Free Cash Flow	55.20M
FCF Per Share	$2.63

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	25.31%

Dividends & Yields

This stock pays an annual dividend of $1.04, which amounts to a dividend yield of 3.39%.

Dividend Per Share	$1.04
Dividend Yield	3.39%
Dividend Growth (YoY)	5.38%
Years of Dividend Growth	10
Payout Ratio	32.91%
Buyback Yield	0.30%
Shareholder Yield	3.68%
Earnings Yield	10.34%
FCF Yield	8.55%

Analyst Forecast

The average price target for IBCP is $39.17, which is 26.97% higher than the current price. The consensus rating is "Hold".

Price Target	$39.17
Price Target Difference	26.97%
Analyst Consensus	Hold
Analyst Count	3
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

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	3