IBCP - Independent Bank Corporation
NASDAQ
->
Financial Services
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Banks—Regional
Grand Rapids,
United States
Type: Equity
IBCP price evolution
IBCP
| (in millions $) | 31 Mar 2024 | 31 Jan 2024 | 30 Oct 2023 | 30 Jun 2023 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $161.84 | $169.78 | $127.46 | $129.19 |
| Short term investments | ||||
| Net receivables | ||||
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $34.59 | $35.52 | $35.35 | $36.16 |
| Goodwill & intangible assets | $30.18 | $30.3 | $30.44 | $30.58 |
| Total noncurrent assets | ||||
| Total investments | $4816.56 | $4840.71 | $4806.39 | $4752.68 |
| Total assets | $5231.26 | $5263.73 | $5200.02 | $5135.56 |
| Current liabilities | ||||
| Accounts payable | ||||
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $104.02 | $107.13 | $110.19 | $103.58 |
| Long term debt | $79.27 | $79.24 | $79.2 | $79.17 |
| Total noncurrent liabilities | ||||
| Total debt | $129.25 | $129.26 | $129.22 | $169.18 |
| Total liabilities | $4815.69 | $4859.28 | $4825.02 | $4760.4 |
| Shareholders' equity | ||||
| Retained earnings | $170.1 | $159.11 | $150.16 | $137.43 |
| Other shareholder equity | -$71.63 | -$72.14 | -$92.3 | -$80.51 |
| Total shareholder equity | $415.57 | $404.45 | $375 | $375.16 |
| (in millions $) | 31 Jan 2024 | 31 Jan 2023 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Current assets | ||||
| Cash | $169.78 | $74.37 | $109.47 | $118.7 |
| Short term investments | ||||
| Net receivables | ||||
| Inventory | ||||
| Total current assets | ||||
| Long term investments | ||||
| Property, plant & equipment | $35.52 | $41.44 | $36.4 | $36.13 |
| Goodwill & intangible assets | $30.3 | $30.85 | $31.64 | $32.61 |
| Total noncurrent assets | ||||
| Total investments | $4840.71 | $4674.11 | $4405.56 | $3898.17 |
| Total assets | $5263.73 | $4999.79 | $4704.74 | $4204.01 |
| Current liabilities | ||||
| Accounts payable | ||||
| Deferred revenue | ||||
| Short long term debt | ||||
| Total current liabilities | $107.13 | $108.02 | $80.2 | $68.3 |
| Long term debt | $79.24 | $79.1 | $79 | $108.82 |
| Total noncurrent liabilities | ||||
| Total debt | $129.26 | $165.1 | $108.96 | $108.82 |
| Total liabilities | $4859.28 | $4652.19 | $4306.26 | $3814.49 |
| Shareholders' equity | ||||
| Retained earnings | $159.11 | $119.37 | $74.58 | $40.15 |
| Other shareholder equity | -$72.14 | -$92.76 | $0.5 | $10.02 |
| Total shareholder equity | $404.45 | $347.6 | $398.48 | $389.52 |
| (in millions $) | 31 Mar 2024 | 31 Jan 2024 | 30 Oct 2023 | 30 Jun 2023 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $52.01 | $49.21 | $50.45 | |
| Cost of revenue | ||||
| Gross Profit | $52.01 | $50.45 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $28.64 | $27.81 | ||
| Total operating expenses | $32.19 | $32.25 | ||
| Operating income | $19.82 | $18.2 | ||
| Income from continuing operations | ||||
| EBIT | $19.82 | $18.2 | ||
| Income tax expense | $3.83 | $4.2 | $3.41 | |
| Interest expense | ||||
| Net income | ||||
| Net income | $15.99 | $13.74 | $14.79 | |
| Income (for common shares) | $15.99 | $14.79 | ||
| (in millions $) | 31 Jan 2024 | 31 Dec 2022 | 31 Jan 2022 | 31 Dec 2020 |
|---|---|---|---|---|
| Revenue | ||||
| Total revenue | $207 | $206.13 | $191.89 | |
| Cost of revenue | ||||
| Gross Profit | $206.13 | $191.89 | ||
| Operating activities | ||||
| Research & development | ||||
| Selling, general & administrative | $111.18 | $103.79 | ||
| Total operating expenses | $128.34 | $122.41 | ||
| Operating income | $77.79 | $69.48 | ||
| Income from continuing operations | ||||
| EBIT | $77.79 | $69.48 | ||
| Income tax expense | $14.61 | $14.44 | $13.33 | |
| Interest expense | ||||
| Net income | ||||
| Net income | $59.07 | $63.35 | $56.15 | |
| Income (for common shares) | $63.35 | $56.15 | ||
| (in millions $) | 31 Mar 2024 | 31 Dec 2023 | 30 Sep 2023 | 30 Jun 2023 |
|---|---|---|---|---|
| Net income | $15.99 | $13.74 | $17.54 | $14.79 |
| Operating activities | ||||
| Depreciation | $2.51 | $2.54 | $2.53 | $2.52 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $0.59 | $0.56 | $0.62 | $0.48 |
| Total cash flows from operations | $20.83 | $16.8 | $25.44 | $9.79 |
| Investing activities | ||||
| Capital expenditures | -$0.38 | -$1.5 | $0.19 | -$1.75 |
| Investments | $17.01 | -$5.73 | -$79.02 | -$81.67 |
| Total cash flows from investing | $17.69 | -$6.75 | -$78.61 | -$82.37 |
| Financing activities | ||||
| Dividends paid | -$5 | -$4.79 | -$4.82 | -$4.86 |
| Sale and purchase of stock | -$0.2 | -$1.69 | -$3.25 | |
| Net borrowings | -$0.02 | $0.01 | -$40 | $39.99 |
| Total cash flows from financing | -$46.46 | $32.27 | $51.44 | -$25.25 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | -$7.94 | $42.32 | -$1.73 | -$97.83 |
| (in millions $) | 31 Dec 2023 | 31 Dec 2022 | 31 Dec 2021 | 31 Dec 2020 |
|---|---|---|---|---|
| Net income | $59.07 | $63.35 | $62.9 | $56.15 |
| Operating activities | ||||
| Depreciation | $10.02 | $10.83 | $12.13 | $9.16 |
| Business acquisitions & disposals | ||||
| Stock-based compensation | $2.23 | $2.14 | $1.95 | $1.98 |
| Total cash flows from operations | $75.59 | $94.63 | $110.15 | $58.17 |
| Investing activities | ||||
| Capital expenditures | -$4.38 | -$3.85 | -$5.77 | -$3.25 |
| Investments | -$160.56 | -$421.9 | -$558.76 | -$552.96 |
| Total cash flows from investing | -$162.94 | -$424.59 | -$563.06 | -$553.4 |
| Financing activities | ||||
| Dividends paid | -$19.33 | -$18.57 | -$18.16 | -$17.62 |
| Sale and purchase of stock | -$5.09 | -$3.93 | -$17.21 | -$14.22 |
| Net borrowings | -$35.98 | $56 | -$0 | -$19.41 |
| Total cash flows from financing | $182.77 | $294.86 | $443.68 | $548.63 |
| Effect of exchange rate | ||||
| Change in cash and equivalents | $95.41 | -$35.1 | -$9.23 | $53.4 |
News
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5 Feb 2024
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Fundamentals
| Market cap | $538.69M |
|---|---|
| Enterprise value | $506.09M |
| Shares outstanding | 20.90M |
| Revenue | N/A |
|---|---|
| EBITDA | N/A |
| EBIT | N/A |
| Net Income | N/A |
| Revenue Q/Q | N/A |
| Revenue Y/Y | N/A |
| P/E ratio | N/A |
|---|---|
| EV/Sales | N/A |
| EV/EBITDA | N/A |
| EV/EBIT | N/A |
| P/S ratio | N/A |
| P/B ratio | 1.11 |
| Book/Share | 23.31 |
| Cash/Share | 7.74 |
| EPS | N/A |
|---|---|
| ROA | N/A |
| ROE | N/A |
| Debt/Equity | 12.01 |
|---|---|
| Net debt/EBITDA | N/A |
| Current ratio | N/A |
| Quick ratio | N/A |