Independent Bank Statistics

Total Valuation

IBCP has a market cap or net worth of $788.12 million.

Market Cap	788.12M
Enterprise Value	n/a

Important Dates

The last earnings date was Thursday, October 24, 2024, before market open.

Earnings Date	Oct 24, 2024
Ex-Dividend Date	Nov 5, 2024

Share Statistics

IBCP has 20.89 million shares outstanding. The number of shares has decreased by -0.62% in one year.

Current Share Class	20.89M
Shares Outstanding	20.89M
Shares Change (YoY)	-0.62%
Shares Change (QoQ)	+0.05%
Owned by Insiders (%)	2.36%
Owned by Institutions (%)	87.67%
Float	20.39M

Valuation Ratios

The trailing PE ratio is 12.83 and the forward PE ratio is 12.39.

PE Ratio	12.83
Forward PE	12.39
PS Ratio	3.72
Forward PS	4.49
PB Ratio	1.71
P/TBV Ratio	1.88
P/FCF Ratio	13.63
P/OCF Ratio	12.46
PEG Ratio	n/a

Financial Ratio History

Enterprise Valuation

EV / Earnings	n/a
EV / Sales	n/a
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	1.89
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 15.00%.

Return on Equity (ROE)	15.00%
Return on Assets (ROA)	1.19%
Return on Capital (ROIC)	n/a
Revenue Per Employee	$250,255
Profits Per Employee	$74,606
Employee Count	832
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, IBCP has paid $16.15 million in taxes.

Income Tax	16.15M
Effective Tax Rate	20.65%

Stock Price Statistics

The stock price has increased by +71.03% in the last 52 weeks. The beta is 0.98, so IBCP's price volatility has been similar to the market average.

Beta (5Y)	0.98
52-Week Price Change	+71.03%
50-Day Moving Average	34.25
200-Day Moving Average	28.87
Relative Strength Index (RSI)	61.84
Average Volume (20 Days)	96,796

Short Selling Information

The latest short interest is 186,822, so 0.89% of the outstanding shares have been sold short.

Short Interest	186,822
Short Previous Month	269,793
Short % of Shares Out	0.89%
Short % of Float	0.92%
Short Ratio (days to cover)	2.16

Income Statement

In the last 12 months, IBCP had revenue of $208.21 million and earned $62.07 million in profits. Earnings per share was $2.94.

Revenue	208.21M
Gross Profit	208.21M
Operating Income	81.16M
Pretax Income	82.59M
Net Income	62.07M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$2.94

Full Income Statement

Balance Sheet

The company has $160.33 million in cash and $110.02 million in debt, giving a net cash position of $50.31 million or $2.41 per share.

Cash & Cash Equivalents	160.33M
Total Debt	110.02M
Net Cash	50.31M
Net Cash Per Share	$2.41
Equity (Book Value)	452.37M
Book Value Per Share	21.65
Working Capital	-4.54B

Full Balance Sheet

Cash Flow

In the last 12 months, operating cash flow was $63.58 million and capital expenditures -$5.45 million, giving a free cash flow of $58.13 million.

Operating Cash Flow	63.58M
Capital Expenditures	-5.45M
Free Cash Flow	58.13M
FCF Per Share	$2.78

Full Cash Flow Statement

Margins

Gross Margin	n/a
Operating Margin	38.98%
Pretax Margin	37.57%
Profit Margin	29.81%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	32.24%

Dividends & Yields

This stock pays an annual dividend of $0.96, which amounts to a dividend yield of 2.55%.

Dividend Per Share	$0.96
Dividend Yield	2.55%
Dividend Growth (YoY)	4.35%
Years of Dividend Growth	9
Payout Ratio	32.65%
Buyback Yield	0.62%
Shareholder Yield	3.21%
Earnings Yield	7.83%
FCF Yield	7.33%

Dividend Details

Analyst Forecast

The average price target for IBCP is $32.17, which is -14.71% lower than the current price. The consensus rating is "Hold".

Price Target	$32.17
Price Target Difference	-14.71%
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	4