Switch to:

GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 6/10

vs
industry
vs
history
Cash-to-Debt 1.67
IBCP's Cash-to-Debt is ranked lower than
53% of the 1656 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.12 vs. IBCP: 1.67 )
Ranked among companies with meaningful Cash-to-Debt only.
IBCP' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.09  Med: 0.96 Max: No Debt
Current: 1.67
Equity-to-Asset 0.10
IBCP's Equity-to-Asset is ranked lower than
52% of the 1629 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.10 vs. IBCP: 0.10 )
Ranked among companies with meaningful Equity-to-Asset only.
IBCP' s Equity-to-Asset Range Over the Past 10 Years
Min: 0.03  Med: 0.07 Max: 0.11
Current: 0.1
0.03
0.11
Interest Coverage 4.92
IBCP's Interest Coverage is ranked higher than
80% of the 1583 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.70 vs. IBCP: 4.92 )
Ranked among companies with meaningful Interest Coverage only.
IBCP' s Interest Coverage Range Over the Past 10 Years
Min: 0.09  Med: 2.96 Max: 5.02
Current: 4.92
0.09
5.02
Beneish M-Score: 6.40
WACC vs ROIC
3.83%
12.78%
WACC
ROIC
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating Margin % 28.09
IBCP's Operating Margin % is ranked lower than
59% of the 1663 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 31.61 vs. IBCP: 28.09 )
Ranked among companies with meaningful Operating Margin % only.
IBCP' s Operating Margin % Range Over the Past 10 Years
Min: -55.42  Med: 11.39 Max: 28.09
Current: 28.09
-55.42
28.09
Net Margin % 19.53
IBCP's Net Margin % is ranked lower than
62% of the 1664 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 22.71 vs. IBCP: 19.53 )
Ranked among companies with meaningful Net Margin % only.
IBCP' s Net Margin % Range Over the Past 10 Years
Min: -57.34  Med: 11.13 Max: 63.12
Current: 19.53
-57.34
63.12
ROE % 9.92
IBCP's ROE % is ranked higher than
61% of the 1664 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 8.51 vs. IBCP: 9.92 )
Ranked among companies with meaningful ROE % only.
IBCP' s ROE % Range Over the Past 10 Years
Min: -62.04  Med: 5.82 Max: 44.77
Current: 9.92
-62.04
44.77
ROA % 0.98
IBCP's ROA % is ranked higher than
57% of the 1669 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.91 vs. IBCP: 0.98 )
Ranked among companies with meaningful ROA % only.
IBCP' s ROA % Range Over the Past 10 Years
Min: -3.05  Med: 0.56 Max: 3.66
Current: 0.98
-3.05
3.66
3-Year EBITDA Growth Rate 15.50
IBCP's 3-Year EBITDA Growth Rate is ranked higher than
73% of the 1308 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 6.70 vs. IBCP: 15.50 )
Ranked among companies with meaningful 3-Year EBITDA Growth Rate only.
IBCP' s 3-Year EBITDA Growth Rate Range Over the Past 10 Years
Min: -83.4  Med: 12 Max: 71.1
Current: 15.5
-83.4
71.1
3-Year EPS without NRI Growth Rate -33.40
IBCP's 3-Year EPS without NRI Growth Rate is ranked lower than
94% of the 1265 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 7.30 vs. IBCP: -33.40 )
Ranked among companies with meaningful 3-Year EPS without NRI Growth Rate only.
IBCP' s 3-Year EPS without NRI Growth Rate Range Over the Past 10 Years
Min: -58.1  Med: 10.1 Max: 141.6
Current: -33.4
-58.1
141.6
GuruFocus has detected 4 Warning Signs with Independent Bank Corp (Ionia MI) $IBCP.
More than 500,000 people have already joined GuruFocus to track the stocks they follow and exchange investment ideas.
» IBCP's 30-Y Financials

Financials (Next Earnings Date: 2017-07-25 Est.)


Revenue & Net Income
Equity & Asset
Operating Cash Flow & Free Cash Flow
Operating Cash Flow & Net Income

» Interactive Charts

Peter Lynch Chart ( What is Peter Lynch Charts )

Business Description

Industry: Banks » Banks - Regional - US    NAICS: 522110    SIC: 6022
Compare:NAS:HEOP, NAS:WFBI, NYSE:OFG, NAS:FISI, NAS:AROW, NAS:HTBI, NAS:FMBH, NAS:MOFG, OTCPK:SBFC, NAS:FCBC, NAS:PUB, NAS:OKSB, NAS:TBK, NAS:BHBK, NAS:VBTX, NAS:NCBS, AMEX:BHB, NAS:ACBI, NYSE:SCNB, NAS:SNBC » details
Headquarter Location:USA
Independent Bank Corp (Ionia MI) is a bank holding company. It offers products & services, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending and safe deposit box services.

Independent Bank Corp (Ionia MI) was incorporated under the laws of the State of Michigan on September 17, 1973, for the purpose of becoming a bank holding company. It is registered under the Bank Holding Company Act of 1956 and owns the outstanding stock of Independent Bank which is organized under the laws of the State of Michigan. The Bank's activities cover all phases of banking, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending and safe deposit box services. Mepco Finance Corporation, a subsidiary of its Bank, acquires and services payment plans used by consumers to purchase vehicle service contracts provided and administered by third parties. In addition, the Bank offers title insurance services through a separate subsidiary and provides investment and insurance services through a third party agreement with Cetera Investment Services LLC. The Company's main markets are the rural and suburban communities across Lower Michigan that is served by its Bank's branch network. The Bank serves its markets through its main office and a total of 62 branches, 1 drive-thru facilities and 8 loan production offices. The Bank competes with other commercial banks, savings banks, credit unions, mortgage banking companies, securities brokerage companies, insurance companies, and money market mutual funds. The Company is subject to regulation by, the Federal Reserve under the Bank Holding Company Act.

Top Ranked Articles about Independent Bank Corp (Ionia MI)

Independent Bank Corporation Announces Cash Dividend on Its Common Stock
Independent Bank Corporation Announces Date for Its First Quarter 2017 Earnings Release
GRAND RAPIDS, Mich., March 23, 2017 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ:IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2017 first quarter financial results on Monday, Apr. 24, 2017, at approximately 8:00 am ET.  The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company’s website.
Brad Kessel, President and CEO, and Rob Shuster, CFO, will review the quarterly results in a conference call for investors and analysts beginning at 11:00 am ET on Monday, Apr. 24, 2017.To participate in the live conference call, please dial 1-866-200-8394. Also the conference call will be accessible through an audio webcast with user-controlled slides via the following event site/URL: http://services.choruscall.com/links/ibcp170424.A playback of the call can be accessed by dialing 1-877-344-7529 (Conference ID # 10103864). The replay will be available through May 1, 2017.About Independent Bank CorporationIndependent Bank Corporation (NASDAQ:IBCP) is a Michigan-based bank holding company with total assets of approximately $2.5 billion.  Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan's Lower Peninsula through one state-chartered bank subsidiary.  This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments and title services.  Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves. For more information, please visit our Web site at: IndependentBank.com.
Contact:
William B. Kessel, President and CEO, 616.447.3933
Robert N. Shuster, Chief Financial Officer, 616.522.1765

Read more...

Ratios

vs
industry
vs
history
PE Ratio 17.83
IBCP's PE Ratio is ranked lower than
67% of the 1548 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.53 vs. IBCP: 17.83 )
Ranked among companies with meaningful PE Ratio only.
IBCP' s PE Ratio Range Over the Past 10 Years
Min: 1.71  Med: 16.62 Max: 255.67
Current: 17.83
1.71
255.67
Forward PE Ratio 17.18
IBCP's Forward PE Ratio is ranked lower than
65% of the 383 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 16.18 vs. IBCP: 17.18 )
Ranked among companies with meaningful Forward PE Ratio only.
N/A
PE Ratio without NRI 17.83
IBCP's PE Ratio without NRI is ranked lower than
67% of the 1547 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.61 vs. IBCP: 17.83 )
Ranked among companies with meaningful PE Ratio without NRI only.
IBCP' s PE Ratio without NRI Range Over the Past 10 Years
Min: 1.71  Med: 16.57 Max: 255.67
Current: 17.83
1.71
255.67
Price-to-Owner-Earnings 16.55
IBCP's Price-to-Owner-Earnings is ranked lower than
62% of the 904 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 14.22 vs. IBCP: 16.55 )
Ranked among companies with meaningful Price-to-Owner-Earnings only.
IBCP' s Price-to-Owner-Earnings Range Over the Past 10 Years
Min: 1.05  Med: 13.82 Max: 115.33
Current: 16.55
1.05
115.33
PB Ratio 1.74
IBCP's PB Ratio is ranked lower than
79% of the 1630 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.19 vs. IBCP: 1.74 )
Ranked among companies with meaningful PB Ratio only.
IBCP' s PB Ratio Range Over the Past 10 Years
Min: 0.18  Med: 0.99 Max: 2.26
Current: 1.74
0.18
2.26
PS Ratio 3.48
IBCP's PS Ratio is ranked lower than
54% of the 1611 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.42 vs. IBCP: 3.48 )
Ranked among companies with meaningful PS Ratio only.
IBCP' s PS Ratio Range Over the Past 10 Years
Min: 0.03  Med: 1.14 Max: 4.23
Current: 3.48
0.03
4.23
Price-to-Free-Cash-Flow 24.43
IBCP's Price-to-Free-Cash-Flow is ranked lower than
87% of the 877 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.52 vs. IBCP: 24.43 )
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
IBCP' s Price-to-Free-Cash-Flow Range Over the Past 10 Years
Min: 0.23  Med: 12.37 Max: 136.76
Current: 24.43
0.23
136.76
Price-to-Operating-Cash-Flow 20.44
IBCP's Price-to-Operating-Cash-Flow is ranked lower than
87% of the 958 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 10.47 vs. IBCP: 20.44 )
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
IBCP' s Price-to-Operating-Cash-Flow Range Over the Past 10 Years
Min: 0.18  Med: 9.92 Max: 94.34
Current: 20.44
0.18
94.34
EV-to-EBIT 11.49
IBCP's EV-to-EBIT is ranked higher than
52% of the 1267 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 12.36 vs. IBCP: 11.49 )
Ranked among companies with meaningful EV-to-EBIT only.
IBCP' s EV-to-EBIT Range Over the Past 10 Years
Min: -117.9  Med: 9.4 Max: 256.8
Current: 11.49
-117.9
256.8
EV-to-EBITDA 10.00
IBCP's EV-to-EBITDA is ranked higher than
54% of the 1272 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.09 vs. IBCP: 10.00 )
Ranked among companies with meaningful EV-to-EBITDA only.
IBCP' s EV-to-EBITDA Range Over the Past 10 Years
Min: -74.6  Med: 8.7 Max: 184.3
Current: 10
-74.6
184.3

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield % 1.85
IBCP's Dividend Yield % is ranked lower than
70% of the 2338 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.52 vs. IBCP: 1.85 )
Ranked among companies with meaningful Dividend Yield % only.
IBCP' s Dividend Yield % Range Over the Past 10 Years
Min: 0.46  Med: 2.38 Max: 19.77
Current: 1.85
0.46
19.77
Dividend Payout Ratio 0.32
IBCP's Dividend Payout Ratio is ranked higher than
51% of the 1337 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.32 vs. IBCP: 0.32 )
Ranked among companies with meaningful Dividend Payout Ratio only.
IBCP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.23  Med: 0.31 Max: 1.91
Current: 0.32
0.23
1.91
Forward Dividend Yield % 1.95
IBCP's Forward Dividend Yield % is ranked lower than
73% of the 2218 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 2.89 vs. IBCP: 1.95 )
Ranked among companies with meaningful Forward Dividend Yield % only.
N/A
5-Year Yield-on-Cost % 1.85
IBCP's 5-Year Yield-on-Cost % is ranked lower than
78% of the 2673 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 3.17 vs. IBCP: 1.85 )
Ranked among companies with meaningful 5-Year Yield-on-Cost % only.
IBCP' s 5-Year Yield-on-Cost % Range Over the Past 10 Years
Min: 0.46  Med: 2.38 Max: 19.77
Current: 1.85
0.46
19.77
3-Year Average Share Buyback Ratio 2.30
IBCP's 3-Year Average Share Buyback Ratio is ranked higher than
92% of the 1081 Companies
in the Global Banks - Regional - US industry.

( Industry Median: -1.80 vs. IBCP: 2.30 )
Ranked among companies with meaningful 3-Year Average Share Buyback Ratio only.
IBCP' s 3-Year Average Share Buyback Ratio Range Over the Past 10 Years
Min: -55.9  Med: -3.2 Max: 3
Current: 2.3
-55.9
3

Valuation & Return

vs
industry
vs
history
Price-to-Tangible-Book 1.83
IBCP's Price-to-Tangible-Book is ranked lower than
74% of the 1622 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.28 vs. IBCP: 1.83 )
Ranked among companies with meaningful Price-to-Tangible-Book only.
IBCP' s Price-to-Tangible-Book Range Over the Past 10 Years
Min: 0.32  Med: 1.53 Max: 6.71
Current: 1.83
0.32
6.71
Price-to-Intrinsic-Value-Projected-FCF 1.13
IBCP's Price-to-Intrinsic-Value-Projected-FCF is ranked lower than
79% of the 914 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.79 vs. IBCP: 1.13 )
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
IBCP' s Price-to-Intrinsic-Value-Projected-FCF Range Over the Past 10 Years
Min: 0.06  Med: 0.85 Max: 3.43
Current: 1.13
0.06
3.43
Price-to-Median-PS-Value 3.08
IBCP's Price-to-Median-PS-Value is ranked lower than
97% of the 1559 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 1.14 vs. IBCP: 3.08 )
Ranked among companies with meaningful Price-to-Median-PS-Value only.
IBCP' s Price-to-Median-PS-Value Range Over the Past 10 Years
Min: 0.03  Med: 2.04 Max: 6.56
Current: 3.08
0.03
6.56
Price-to-Graham-Number 1.20
IBCP's Price-to-Graham-Number is ranked lower than
71% of the 1452 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 0.95 vs. IBCP: 1.20 )
Ranked among companies with meaningful Price-to-Graham-Number only.
IBCP' s Price-to-Graham-Number Range Over the Past 10 Years
Min: 0.21  Med: 0.98 Max: 5.06
Current: 1.2
0.21
5.06
Earnings Yield (Greenblatt) % 8.69
IBCP's Earnings Yield (Greenblatt) % is ranked higher than
63% of the 1668 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 5.77 vs. IBCP: 8.69 )
Ranked among companies with meaningful Earnings Yield (Greenblatt) % only.
IBCP' s Earnings Yield (Greenblatt) % Range Over the Past 10 Years
Min: -524.6  Med: 9.4 Max: 767.3
Current: 8.69
-524.6
767.3
Forward Rate of Return (Yacktman) % 61.34
IBCP's Forward Rate of Return (Yacktman) % is ranked higher than
94% of the 952 Companies
in the Global Banks - Regional - US industry.

( Industry Median: 11.26 vs. IBCP: 61.34 )
Ranked among companies with meaningful Forward Rate of Return (Yacktman) % only.
IBCP' s Forward Rate of Return (Yacktman) % Range Over the Past 10 Years
Min: -206.6  Med: 1 Max: 108.4
Current: 61.34
-206.6
108.4

More Statistics

Revenue (TTM) (Mil) $126.17
EPS (TTM) $ 1.15
Beta0.17
Short Percentage of Float0.54%
52-Week Range $13.42 - 23.65
Shares Outstanding (Mil)21.33

Analyst Estimate

Dec17 Dec18
Revenue (Mil $)
EPS ($) 1.20 1.30
EPS without NRI ($) 1.20 1.30
EPS Growth Rate
(Future 3Y To 5Y Estimate)
N/A
Dividends per Share ($) 0.40 0.42
» More Articles for IBCP

Headlines

Articles On GuruFocus.com
Independent Bank Corporation Announces Cash Dividend on Its Common Stock Apr 25 2017 
Independent Bank Corporation Announces Date for Its First Quarter 2017 Earnings Release Mar 23 2017 
Independent Bank Corp. Reports Operating Results (10-K) Mar 10 2011 
Independent Bank Corp. Reports Operating Results (10-Q) Nov 04 2010 
Independent Bank Corp. Reports Operating Results (10-Q) Aug 06 2010 
Independent Bank Corp. Reports Operating Results (10-Q) May 11 2010 
Independent Bank Corp. Reports Operating Results (10-Q) Nov 06 2009 
Independent Bank Corp. Reports Operating Results (10-Q) May 08 2009 

More From Other Websites
Independent Bank Corp. (Michigan) – Value Analysis (NASDAQ:IBCP) : June 13, 2017 Jun 13 2017
Independent Bank Corp. (Michigan) breached its 50 day moving average in a Bullish Manner : IBCP-US :... Jun 12 2017
ETFs with exposure to Independent Bank Corp. (Michigan) : May 5, 2017 May 05 2017
Independent Bank Corp. (Michigan) : IBCP-US: Dividend Analysis : May 08th, 2017 (record date) : By... May 04 2017
Stocks With Rising Composite Ratings: Independent Bank Apr 26 2017
Independent Bank Corporation Announces Cash Dividend on Its Common Stock Apr 25 2017
Edited Transcript of IBCP earnings conference call or presentation 24-Apr-17 3:00pm GMT Apr 24 2017
Independent Bank Group posts 1Q profit Apr 24 2017
Independent Bank Corporation Reports 2017 First Quarter Results Apr 24 2017
Independent Bank Corp. (Michigan) breached its 50 day moving average in a Bullish Manner : IBCP-US :... Apr 21 2017
Independent Bank Corp. (Michigan) breached its 50 day moving average in a Bearish Manner : IBCP-US :... Mar 20 2017
4 Reasons to Buy Associated Banc (ASB) Stock Right Now Mar 07 2017
Zacks.com featured highlights: Marcus, Ultratech, First Financial Northwest, Independent Bank and... Mar 06 2017
Buy 5-Low Beta Stocks to Combat Market Volatility Mar 03 2017
Independent Bank Corp. (Michigan) breached its 50 day moving average in a Bullish Manner : IBCP-US :... Feb 14 2017
How Independent Bank (IBCP) Stock Stands Out in a Strong Industry Feb 07 2017
ETFs with exposure to Independent Bank Corp. (Michigan) : February 2, 2017 Feb 02 2017
Independent Bank Corp. (Michigan) :IBCP-US: Earnings Analysis: Q4, 2016 By the Numbers : February 1,... Feb 01 2017

Personalized Checklist

Checklist has been moved to "Checklist" tab.

Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)

GF Chat

{{numOfNotice}}