Independent Bank Statistics
Total Valuation
IBCP has a market cap or net worth of $649.45 million. The enterprise value is $693.44 million.
Important Dates
The last earnings date was Thursday, July 24, 2025, before market open.
| Earnings Date | Jul 24, 2025 |
| Ex-Dividend Date | Aug 5, 2025 |
Share Statistics
IBCP has 20.71 million shares outstanding. The number of shares has decreased by -0.01% in one year.
| Current Share Class | 20.71M |
| Shares Outstanding | 20.71M |
| Shares Change (YoY) | -0.01% |
| Shares Change (QoQ) | -0.96% |
| Owned by Insiders (%) | 2.45% |
| Owned by Institutions (%) | 85.19% |
| Float | 20.20M |
Valuation Ratios
The trailing PE ratio is 10.49 and the forward PE ratio is 9.78.
| PE Ratio | 10.49 |
| Forward PE | 9.78 |
| PS Ratio | 3.08 |
| Forward PS | 3.49 |
| PB Ratio | 1.42 |
| P/TBV Ratio | 1.51 |
| P/FCF Ratio | 8.82 |
| P/OCF Ratio | 7.89 |
| PEG Ratio | n/a |
Financial Ratio HistoryEnterprise Valuation
| EV / Earnings | 10.71 |
| EV / Sales | 3.19 |
| EV / EBITDA | n/a |
| EV / EBIT | n/a |
| EV / FCF | 9.20 |
Financial Position
| Current Ratio | n/a |
| Quick Ratio | n/a |
| Debt / Equity | n/a |
| Debt / EBITDA | n/a |
| Debt / FCF | 2.78 |
| Interest Coverage | n/a |
Financial Efficiency
Return on equity (ROE) is 14.39%.
| Return on Equity (ROE) | 14.39% |
| Return on Assets (ROA) | 1.21% |
| Return on Invested Capital (ROIC) | n/a |
| Return on Capital Employed (ROCE) | n/a |
| Revenue Per Employee | $260,740 |
| Profits Per Employee | $77,624 |
| Employee Count | 834 |
| Asset Turnover | n/a |
| Inventory Turnover | n/a |
Taxes
In the past 12 months, IBCP has paid $15.13 million in taxes.
| Income Tax | 15.13M |
| Effective Tax Rate | 18.94% |
Stock Price Statistics
The stock price has decreased by -1.53% in the last 52 weeks. The beta is 0.85, so IBCP's price volatility has been lower than the market average.
| Beta (5Y) | 0.85 |
| 52-Week Price Change | -1.53% |
| 50-Day Moving Average | 32.14 |
| 200-Day Moving Average | 33.31 |
| Relative Strength Index (RSI) | 47.70 |
| Average Volume (20 Days) | 68,362 |
Short Selling Information
The latest short interest is 136,058, so 0.66% of the outstanding shares have been sold short.
| Short Interest | 136,058 |
| Short Previous Month | 148,866 |
| Short % of Shares Out | 0.66% |
| Short % of Float | 0.67% |
| Short Ratio (days to cover) | 1.71 |
Income Statement
In the last 12 months, IBCP had revenue of $217.46 million and earned $64.74 million in profits. Earnings per share was $3.06.
| Revenue | 217.46M |
| Gross Profit | 217.46M |
| Operating Income | 82.60M |
| Pretax Income | 82.59M |
| Net Income | 64.74M |
| EBITDA | n/a |
| EBIT | n/a |
| Earnings Per Share (EPS) | $3.06 |
Full Income StatementBalance Sheet
The company has $180.35 million in cash and $209.22 million in debt, giving a net cash position of -$28.87 million or -$1.39 per share.
| Cash & Cash Equivalents | 180.35M |
| Total Debt | 209.22M |
| Net Cash | -28.87M |
| Net Cash Per Share | -$1.39 |
| Equity (Book Value) | 469.25M |
| Book Value Per Share | 22.65 |
| Working Capital | -4.56B |
Full Balance SheetCash Flow
In the last 12 months, operating cash flow was $84.24 million and capital expenditures -$8.90 million, giving a free cash flow of $75.34 million.
| Operating Cash Flow | 84.24M |
| Capital Expenditures | -8.90M |
| Free Cash Flow | 75.34M |
| FCF Per Share | $3.64 |
Full Cash Flow StatementMargins
| Gross Margin | n/a |
| Operating Margin | 37.99% |
| Pretax Margin | 36.73% |
| Profit Margin | 29.77% |
| EBITDA Margin | n/a |
| EBIT Margin | n/a |
| FCF Margin | 34.64% |
Dividends & Yields
This stock pays an annual dividend of $1.04, which amounts to a dividend yield of 3.24%.
| Dividend Per Share | $1.04 |
| Dividend Yield | 3.24% |
| Dividend Growth (YoY) | 7.37% |
| Years of Dividend Growth | 10 |
| Payout Ratio | 33.33% |
| Buyback Yield | 0.01% |
| Shareholder Yield | 3.28% |
| Earnings Yield | 9.74% |
| FCF Yield | 11.34% |
Dividend DetailsAnalyst Forecast
The average price target for IBCP is $36.00, which is 14.80% higher than the current price. The consensus rating is "Hold".
| Price Target | $36.00 |
| Price Target Difference | 14.80% |
| Analyst Consensus | Hold |
| Analyst Count | 3 |
| Revenue Growth Forecast (5Y) | n/a |
| EPS Growth Forecast (5Y) | n/a |
Stock ForecastsFair Value
There are several formulas that can be used to estimate the intrinsic value of a stock.
| Lynch Fair Value | |
| Lynch Upside | |
| Graham Number | |
| Graham Upside | |
Stock Splits
The last stock split was on September 1, 2010. It was a reverse split with a ratio of 1:10.
| Last Split Date | Sep 1, 2010 |
| Split Type | Reverse |
| Split Ratio | 1:10 |
Scores
| Altman Z-Score | n/a |
| Piotroski F-Score | 4 |
