Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Margin of Safety % (DCF Earnings Based) : 43.69% (As of Apr. 28, 2024)

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What is Independent Bank (Ionia MI) Margin of Safety % (DCF Earnings Based)?

Margin of Safety % (DCF Earnings Based) = (Intrinsic Value: DCF (Earnings Based) - Current Price) / Intrinsic Value: DCF (Earnings Based).

Note: Discounted Earnings model is only suitable for predictable companies (Business Predictability Rank higher than 1-Star). If the company's Predictability Rank is 1-Star or Not Rated, result may not be accurate due to the low predictability of business and the data will not be stored into our database.

As of today (2024-04-28), Independent Bank (Ionia MI)'s Predictability Rank is 5-Stars. Independent Bank (Ionia MI)'s intrinsic value calculated from the Discounted Earnings model is $44.38 and current share price is $24.99. Consequently,

Independent Bank (Ionia MI)'s Margin of Safety % (DCF Earnings Based) using Discounted Earnings model is 43.69%.

Competitive Comparison of Independent Bank (Ionia MI)'s Margin of Safety % (DCF Earnings Based)

For the Banks - Regional subindustry, Independent Bank (Ionia MI)'s Margin of Safety % (DCF Earnings Based), along with its competitors' market caps and Margin of Safety % (DCF Earnings Based) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Independent Bank (Ionia MI)'s Margin of Safety % (DCF Earnings Based) Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Independent Bank (Ionia MI)'s Margin of Safety % (DCF Earnings Based) distribution charts can be found below:

* The bar in red indicates where Independent Bank (Ionia MI)'s Margin of Safety % (DCF Earnings Based) falls into.

Independent Bank (Ionia MI) Margin of Safety % (DCF Earnings Based) Calculation

Independent Bank (Ionia MI)'s Margin of Safety % (DCF Earnings Based) for today is calculated as

Margin of Safety % (DCF Earnings Based)	=	(Intrinsic Value: DCF (Earnings Based)	-	Current Price)	/	Intrinsic Value: DCF (Earnings Based)
	=	(44.38	-	24.99)	/	44.38
	=	43.69 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

The intrinsic value is calculated from the Discounted Earnings model with default parameters. The calculation method is the same as Discounted Cash Flow model except earnings are used in the calculation instead of free cash flow.

Independent Bank (Ionia MI) Margin of Safety % (DCF Earnings Based) Related Terms

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Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Independent Bank Corp (Ionia MI) (NAS:IBCP) » Definitions » Margin of Safety % (DCF Earnings Based)

Comparable Companies

Traded in Other Exchanges

N/A

Address

4200 East Beltline, Grand Rapids, MI, USA, 49525

Website

https://www.independentbank.com

Independent Bank Corp (Ionia MI) operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers.

Executives

Stefanie M Kimball	officer: Executive Vice President	230 WEST MAIN STREET, IONIA MI 48846
Terance L Beia	director	4200 E BELTLINE, GRAND RAPIDS MI 49525
Archer Dennis W. Jr	director	4200 E BELTLINE, GRAND RAPIDS MI 49525
Christina Keller	director	4200 E BELTLINE AVE, GRAND RAPIDS MI 49525
James J Twarozynski	officer: Sr Vice President & Controller	201 HIGHLAND DRIVE, ROCKFORD MI 49341
Gavin A. Mohr	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
Kristopher Kreter	officer: First Vice Pres. & Controller	4200 E BELTLINE, GRAND RAPIDS MI 49525
Ronia F Kruse	director	4200 E BELTLINE, GRAND RAPIDS MI 49525
Joel F Rahn	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
William B Kessel	officer: President of Affiliate Bank	INDEPENDENT BANK CORPORATION, 230 WEST MAIN STREET, IONIA MI 48846
Matthew J Missad	director	2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Patrick J Ervin	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
Dennis J Mack	officer: Executive Vice President	230 WEST MAIN STREET, IONIA MI 48846
Robert N Shuster	officer: Executive Vice President and C	201 HIGHLAND DRIVE, ROCKFORD MI 49341
Stephen A. Erickson	officer: EVP and Treasurer	1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401