Independent Bank (Ionia MI)'s quarterly market cap
increased
from Jun. 2023 ($355.2 Mil) to Sep. 2023 ($382.4 Mil) and
increased
from Sep. 2023 ($382.4 Mil) to Dec. 2023 ($542.1 Mil).
Independent Bank (Ionia MI)'s annual market cap
declined
from Dec. 2021 ($505.4 Mil) to Dec. 2022 ($503.9 Mil) but then
increased
from Dec. 2022 ($503.9 Mil) to Dec. 2023 ($542.1 Mil).
Enterprise Value is the theoretical takeover price. It is more comprehensive than market capitalization (market cap), which only includes common equity. Enterprise Value is calculated as the market cap plus debt and minority interest and preferred shares, minus total cash and cash equivalents. Independent Bank (Ionia MI)'s Enterprise Value for Today is $485.7 Mil.
Independent Bank (Ionia MI) Market Cap Historical Data
* 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.
Competitive Comparison of Independent Bank (Ionia MI)'s Market Cap
For the Banks - Regional subindustry, Independent Bank (Ionia MI)'s Market Cap, along with its competitors' market caps and Market Cap 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 Market Cap Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Independent Bank (Ionia MI)'s Market Cap distribution charts can be found below:
* The bar in red indicates where Independent Bank (Ionia MI)'s Market Cap falls into.
Independent Bank (Ionia MI) Market Cap Calculation
Market cap is the short version of market capitalization. It is the total market value to buy the whole company. It is equal to the share price times the number of shares outstanding.
* 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.
Independent Bank (Ionia MI) (NAS:IBCP) Market Cap Explanation
Market cap is not the real price you pay for a company. If you buy the company and become its owner, you become the owner of the cash the company has, and you also assume the companys debt. The real price you pay is the Enterprise Value.
Warren Buffett uses the ratio of total market cap of all public traded companies over GDP to measure if the market is expensive. As of April 2012, the US total market cap is about $14.7 trillion, while the US GDP is about $15 trillion. The market was modestly overvalued.
Independent Bank (Ionia MI) Market Cap Related Terms
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Independent Bank (Ionia MI) (Independent Bank (Ionia MI)) Business Description
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.
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