Independent Bank Corporation (IBCP)

Independent Bank Statistics

Total Valuation

IBCP has a market cap or net worth of $671.36 million. The enterprise value is $659.08 million.

Market Cap	671.36M
Enterprise Value	659.08M

Important Dates

The last earnings date was Thursday, April 24, 2025, before market open.

Earnings Date	Apr 24, 2025
Ex-Dividend Date	May 5, 2025

Share Statistics

IBCP has 20.72 million shares outstanding. The number of shares has increased by 0.04% in one year.

Current Share Class	20.72M
Shares Outstanding	20.72M
Shares Change (YoY)	+0.04%
Shares Change (QoQ)	+0.13%
Owned by Insiders (%)	2.43%
Owned by Institutions (%)	87.39%
Float	20.22M

Valuation Ratios

The trailing PE ratio is 10.32 and the forward PE ratio is 10.00.

PE Ratio	10.32
Forward PE	10.00
PS Ratio	3.09
Forward PS	3.56
PB Ratio	1.45
P/TBV Ratio	1.53
P/FCF Ratio	10.23
P/OCF Ratio	9.07
PEG Ratio	n/a

Enterprise Valuation

EV / Earnings	9.93
EV / Sales	3.00
EV / EBITDA	n/a
EV / EBIT	n/a
EV / FCF	10.04

Financial Position

Current Ratio	n/a
Quick Ratio	n/a
Debt / Equity	n/a
Debt / EBITDA	n/a
Debt / FCF	2.28
Interest Coverage	n/a

Financial Efficiency

Return on equity (ROE) is 15.04%.

Return on Equity (ROE)	15.04%
Return on Assets (ROA)	1.26%
Return on Invested Capital (ROIC)	n/a
Return on Capital Employed (ROCE)	n/a
Revenue Per Employee	$263,209
Profits Per Employee	$79,603
Employee Count	834
Asset Turnover	n/a
Inventory Turnover	n/a

Taxes

In the past 12 months, IBCP has paid $15.96 million in taxes.

Income Tax	15.96M
Effective Tax Rate	19.38%

Stock Price Statistics

The stock price has increased by +25.73% in the last 52 weeks. The beta is 0.81, so IBCP's price volatility has been lower than the market average.

Beta (5Y)	0.81
52-Week Price Change	+25.73%
50-Day Moving Average	30.73
200-Day Moving Average	33.62
Relative Strength Index (RSI)	62.92
Average Volume (20 Days)	106,614

Short Selling Information

The latest short interest is 220,189, so 1.06% of the outstanding shares have been sold short.

Short Interest	220,189
Short Previous Month	229,499
Short % of Shares Out	1.06%
Short % of Float	1.09%
Short Ratio (days to cover)	1.87

Income Statement

In the last 12 months, IBCP had revenue of $219.52 million and earned $66.39 million in profits. Earnings per share was $3.14.

Revenue	219.52M
Gross Profit	219.52M
Operating Income	85.15M
Pretax Income	82.59M
Net Income	66.39M
EBITDA	n/a
EBIT	n/a
Earnings Per Share (EPS)	$3.14

Balance Sheet

The company has $161.78 million in cash and $149.50 million in debt, giving a net cash position of $12.28 million or $0.59 per share.

Cash & Cash Equivalents	161.78M
Total Debt	149.50M
Net Cash	12.28M
Net Cash Per Share	$0.59
Equity (Book Value)	467.28M
Book Value Per Share	22.28
Working Capital	-4.55B

Cash Flow

In the last 12 months, operating cash flow was $74.02 million and capital expenditures -$8.40 million, giving a free cash flow of $65.62 million.

Operating Cash Flow	74.02M
Capital Expenditures	-8.40M
Free Cash Flow	65.62M
FCF Per Share	$3.17

Margins

Gross Margin	n/a
Operating Margin	38.79%
Pretax Margin	37.51%
Profit Margin	30.24%
EBITDA Margin	n/a
EBIT Margin	n/a
FCF Margin	29.89%

Dividends & Yields

This stock pays an annual dividend of $1.04, which amounts to a dividend yield of 3.21%.

Dividend Per Share	$1.04
Dividend Yield	3.21%
Dividend Growth (YoY)	6.38%
Years of Dividend Growth	10
Payout Ratio	33.12%
Buyback Yield	-0.04%
Shareholder Yield	3.17%
Earnings Yield	9.89%
FCF Yield	9.77%

Analyst Forecast

The average price target for IBCP is $36.67, which is 13.18% higher than the current price. The consensus rating is "Hold".

Price Target	$36.67
Price Target Difference	13.18%
Analyst Consensus	Hold
Analyst Count	3
Revenue Growth Forecast (5Y)	n/a
EPS Growth Forecast (5Y)	n/a

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