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Last Update: 2024-03-28 02:12:40
INDEPENDENT BANK CORP /MI/ ( IBCP ) https://www.independentbank.com
24.14USD
Sector:
Financial Services
Industry:
Banks-Regional
Country:
United States
1y
3y
5y
10y
Historical Returns*:
SPY
31.15%
IBCP
42.69%
SPY
32.74%
IBCP
20.75%
SPY
92.93%
IBCP
60.61%
SPY
224.41%
IBCP
243.41%
*Assumes dividends reinvested
Market Stats:
Market Capitalization($MM)
Enterprise Value($MM)
Daily Volume(MM)
515.27
3566.87
0.03
Valuation Metrics:
Price/Earnings Ratio
Price/Sales Ratio
Price/Book Value
FCF Yield(%)
Dividend Yield(%)
EV/EBITDA
8.53
2.54
1.27
13.89
3.88
37.28
Profitability Stats:
Operating Margin %(ttm)
Gross Profit %(ttm)
EBITDA Margin %(ttm)
40.55
100.00
46.39
Shareholder Value Creation:
Cost of Capital %(est)
ROIC %(ttm)
ROCE %(ttm)
Beta
8.3357
3.95
3.03
1.09
Other Earnings and Cash Flow Stats:
INDEPENDENT BANK CORP /MI/ ( IBCP ) Net Income TTM ($MM) is 62.92
INDEPENDENT BANK CORP /MI/ ( IBCP ) Operating Income TTM ($MM) is 105.84
INDEPENDENT BANK CORP /MI/ ( IBCP ) Owners' Earnings Annual ($MM) is 104.32
INDEPENDENT BANK CORP /MI/ ( IBCP ) Current Price to Owners' Earnings ratio is 3.45
INDEPENDENT BANK CORP /MI/ ( IBCP ) EBITDA TTM ($MM) is 113.43
INDEPENDENT BANK CORP /MI/ ( IBCP ) EBITDA Margin is 46.39%
Capital Allocation:
INDEPENDENT BANK CORP /MI/ ( IBCP ) has paid 0.96 dividends per share and bought back 1.030693 million shares in the past 12 months
INDEPENDENT BANK CORP /MI/ ( IBCP ) has increased its debt by 3449.144 million USD in the last 12 months
Capital Structure:
INDEPENDENT BANK CORP /MI/ ( IBCP ) Interest-bearing Debt ($MM) as of last quarter is 3736
INDEPENDENT BANK CORP /MI/ ( IBCP ) Annual Working Capital Investments ($MM) are 167
INDEPENDENT BANK CORP /MI/ ( IBCP ) Book Value ($MM) as of last quarter is 404
INDEPENDENT BANK CORP /MI/ ( IBCP ) Debt/Capital as of last quarter is 923%
Other Balance Sheet Stats:
INDEPENDENT BANK CORP /MI/ ( IBCP ) has 169 million in cash on hand as of last quarter
INDEPENDENT BANK CORP /MI/ ( IBCP ) has 4487 million of liabilities due within 12 months, and long term debt 129 as of last quarter
INDEPENDENT BANK CORP /MI/ ( IBCP ) has 20 common shares outstanding as of last quarter
INDEPENDENT BANK CORP /MI/ ( IBCP ) has 0 million USD of preferred stock value
Academic Scores:
INDEPENDENT BANK CORP /MI/ ( IBCP ) Altman Z-Score is -0.64 as of last quarter
INDEPENDENT BANK CORP /MI/ ( IBCP ) Piotroski Score is 6.00 as of last quarter
Corporate Governance:
INDEPENDENT BANK CORP /MI/ ( IBCP ) largest shareholder is owning shares at 0.00 ($MM) value
Stefanie M Kimball(an insider) Sold 218 shares of INDEPENDENT BANK CORP /MI/ ( IBCP ) for the amount of $4488.62 on 2023-07-31
4.63% of INDEPENDENT BANK CORP /MI/ ( IBCP ) is held by insiders, and 79.42% is held by institutions
INDEPENDENT BANK CORP /MI/ ( IBCP ) went public on 2001-01-02
Other INDEPENDENT BANK CORP /MI/ ( IBCP ) financial metrics:
FCF:64.78
Unlevered Free Cash Flow:-85.17
EPS:3.37
Operating Margin:40.55
Gross Profit Margin:100.00
Div. Payout Ratio%:33.11
Div. Growth YoY%:7.87
Equity Return%:17.35
Beta:1.09
Buffet's Owners Earnings:104.32
Price to Owner's Earnings:3.45
About INDEPENDENT BANK CORP /MI/ ( IBCP ) :
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses in Eastern Massachusetts, as well as Worcester County and Rhode Island. It offers checking and saving accounts, and certificates of deposit; personal and home equity line of credit; and secured, unsecured, boat, auto, RV, and student loans, as well as term, commercial real estate, and equipment and vehicle loans. The company provides debit and credit card services, loan payments, e-services, and treasury management services, as well as night depository, telephone banking, insured cash sweep, and lockbox services. In addition, it invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and provides investment advisor and like-kind exchange services. The company was founded in 1864 and is headquartered in Grand Rapids, Michigan.
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