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Independent Bank Corporation  (NASDAQ: IBCP)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial

Independent Bank Corporation

IBCP's Fundamental analysis








Independent Bank's sales fell by -7.1 % in III. Quarter 2024 from the same quarter a year ago. Ranking at No. 1568

Regional Banks industry recorded deterioration of revenues by -1 %

Independent Bank's net profit decreased by -21.28 % in III. Quarter 2024 year on year, to $14 millions.

More on IBCP's Growth


Independent Bank
current PE on trailing twelve month basis is above Regional Banks industry average.

Independent Bank PEG ratio is at 3.71 Independent Bank realized cash reduction of $ -0.28 per share in trailing twelve-month period.
Company
12.78
PE TTM   
Industry
8.38
PE TTM    
Company's Price to Sales ratio is at 3.84.
Regional Banks industry's Price to Sales ratio is at 3.13.


More on IBCP's Valuation
 
 Total Debt (Millions $) 40
 Dividend TTM ($) 0.94 $
 Dividend Yield TTM (%) 2.5 %
 Revenue/Employee (TTM) $ 198,108
 Net Income/Employee (TTM) $ 59,060
 Receivable Turnover (TTM) -
 Tangible Book Value (Per Share $) 19.88

Independent Bank
current PE on trailing twelve month basis is above Regional Banks industry average.

Independent Bank PEG ratio is at 3.71 Independent Bank realized cash outflow of $ -0.28per share in trailing twelve-month period.
Company
12.78
PE TTM   
Industry
8.38
PE TTM    
Company's Price to Sales ratio is at 3.84.
Regional Banks industry's Price to Sales ratio is at 3.13.

Independent Bank Price to Book Ratio is at 1.77 lower than Industry Avg. of 58.56. and higher than S&P 500 Avg. of 0.01

More on IBCP's Valuation

  Market Capitalization (Millions $) 800
  Shares Outstanding (Millions) 21
  Employees 1,051
  Revenues (TTM) (Millions $) 208
  Net Income (TTM) (Millions $) 62
  Cash Flow (TTM) (Millions $) -6
  Capital Exp. (TTM) (Millions $) -5
  Total Debt (Millions $) 40
  Dividend TTM ($) 0.94 $
  Dividend Yield TTM (%) 2.5 %
  Revenue/Employee (TTM) $ 198,108
  Net Income/Employee(TTM) $ 59,060
  Receivable Turnover Ratio (TTM) -
  Tangible Book Value (Per Share $) 19.88

  Market Capitalization (Millions $) 800
  Shares Outstanding (Millions) 21
  Employees 1,051
  Revenues (TTM) (Millions $) 208
  Net Income (TTM) (Millions $) 62
  Cash Flow (TTM) (Millions $) -6
  Capital Exp. (TTM) (Millions $) -5


    IBCP's Profitability Comparisons
Independent Bank faced margin deterioration, primarily through cost pressure. Operating Margin fell in III. Quarter 2024 to 34.67 % from 41 % in II. Quarter.

Independent Bank net profit margin of 27.69 % is currently ranking no. 81 in Regional Banks industry, ranking no. 236 in Financial sector and number 416 in S&P 500.


Profitability by Segment
Total 27.69 %



  Ratio
   Capital Ratio (MRQ) 0.84
  Total Debt to Equity (MRQ) 0.09
  Tangible Leverage Ratio (MRQ) 22.33
  Asset Turnover Ratio (TTM) 0.04
  Inventory Turnover Ratio (TTM) -



Independent Bank faced margin deterioration, primarily through cost pressure. Operating Margin fell in III. Quarter 2024 to 34.67 % from 41 % in II. Quarter.

Independent Bank net profit margin of 27.69 % is currently ranking no. 81 in Regional Banks industry, ranking no. 236 in Financial sector and number 416 in S&P 500.

More on IBCP's Key Ratios





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