NAS:IBCP (USA)

Independent Bank Corp (Ionia MI)

$ 21.7 0.03 (0.14%)
Volume: 356,448 Avg Vol (1m): 116,611
Market Cap $: 509.35 Mil Enterprise Value $: 40.82 Mil
P/E (TTM): 13.13 P/B: 1.51
Earnings Power Value 18.28
Net Current Asset Value 0
Tangible Book 12.16
Projected FCF 22.46
Median P/S Value 9.59
Graham Number 21.24
Peter Lynch Value 0
DCF (FCF Based) 0
DCF (Earnings Based) 0
1Y (-%)

Financial Strength : 4/10

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.
Current vs industry vs history
Cash-to-Debt 1.11
Cash-To-Debt ranked lower than
54.67% of 1617 companies
in the Banks - Regional - US industry.
Industry Max: 2539500, Med: 1.43, Min: 0.01
IBCP: 1.11
Ranked among companies with meaningful Cash-To-Debt only.
Cash-To-Debt range over the past 10 years
Min: 0.09, Med: 0.54, Max: 10000
Current: 1.11
0.09
10000
Equity-to-Asset 0.10
Equity-to-Asset ranked lower than
53.78% of 1627 companies
in the Banks - Regional - US industry.
Industry Max: 1, Med: 0.11, Min: -11.05
IBCP: 0.1
Ranked among companies with meaningful Equity-to-Asset only.
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
Debt-to-Equity 0.19
Debt-to-Equity ranked higher than
69.49% of 1393 companies
in the Banks - Regional - US industry.
Industry Max: 543.58, Med: 0.68, Min: 0.01
IBCP: 0.19
Ranked among companies with meaningful Debt-to-Equity only.
Debt-to-Equity range over the past 10 years
Min: 0.1, Med: 1.02, Max: 3.53
Current: 0.19
0.1
3.53
Beneish M-Score -2.32
Not Manipulator
Manipulator
WACC vs ROIC %
ROIC 0%
WACC 8.15%

Profitability & Growth : 4/10

GuruFocus Profitability Rank ranks how profitable a company is and how likely the company's business will stay that way.
Current vs industry vs history
Net Margin % 25.24
Net Margin ranked higher than
50.46% of 1639 companies
in the Banks - Regional - US industry.
Industry Max: 10754.72, Med: 25.15, Min: -234138
IBCP: 25.24
Ranked among companies with meaningful Net Margin only.
Net Margin range over the past 10 years
Min: -45.49, Med: 17.02, Max: 63.12
Current: 25.24
-45.49
63.12
ROE % 12.26
ROE ranked higher than
73.32% of 1638 companies
in the Banks - Regional - US industry.
Industry Max: 231.61, Med: 9.79, Min: -53900
IBCP: 12.26
Ranked among companies with meaningful ROE only.
ROE range over the past 10 years
Min: -62.04, Med: 7.98, Max: 44.77
Current: 12.26
-62.04
44.77
ROA % 1.25
ROA ranked higher than
65.90% of 1645 companies
in the Banks - Regional - US industry.
Industry Max: 54.28, Med: 1.01, Min: -205.98
IBCP: 1.25
Ranked among companies with meaningful ROA only.
ROA range over the past 10 years
Min: -3.05, Med: 0.84, Max: 3.66
Current: 1.25
-3.05
3.66
3-Year Total Revenue Growth Rate 11.40
3-Year Revenue Growth Rate ranked higher than
69.07% of 1513 companies
in the Banks - Regional - US industry.
Industry Max: 672.4, Med: 4.3, Min: -100
IBCP: 10.5
Ranked among companies with meaningful 3-Year Revenue Growth Rate only.
3-Year Revenue Growth Rate range over the past 10 years
Min: -69.6, Med: 8.1, Max: 34.4
Current: 10.5
-69.6
34.4
3-Year EPS w/o NRI Growth Rate 25.00
3-Year EPS w/o NRI Growth Rate ranked higher than
56.73% of 1359 companies
in the Banks - Regional - US industry.
Industry Max: 804.5, Med: 5.3, Min: -214.9
IBCP: 25
Ranked among companies with meaningful 3-Year EPS w/o NRI Growth Rate only.
3-Year EPS w/o NRI Growth Rate range over the past 10 years
Min: 0, Med: 7.3, Max: 260
Current: 25
0
260

» IBCP's 30-Y Financials

Financials (Next Earnings Date: 2019-07-26)

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Business Description

Industry Banks » Banks - Regional - US    NAICS : 522110    SIC : 6022
Compare NAS:THFF NAS:SBT NAS:CNBKA NAS:AMAL NAS:AROW NAS:CARE NAS:FBMS NAS:PUB NAS:HTBK NAS:HTBI NAS:FCBC NAS:QCRH NAS:MBWM NAS:PGC NAS:FISI OTCPK:HBIA NAS:NCBS NAS:FLIC NAS:FMBH NAS:OLBK
Traded in other countries
Address 4200 East Beltline, Grand Rapids, MI, USA, 49525
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.

Ratios

Current vs industry vs history
PE Ratio (TTM) 13.13
PE Ratio ranked lower than
59.99% of 1557 companies
in the Banks - Regional - US industry.
Industry Max: 625000, Med: 12.36, Min: 0.02
IBCP: 13.13
Ranked among companies with meaningful PE Ratio only.
PE Ratio range over the past 10 years
Min: 1.75, Med: 16.51, Max: 255.67
Current: 13.13
1.75
255.67
Forward PE Ratio 11.40
Forward P/E ranked lower than
59.14% of 487 companies
in the Banks - Regional - US industry.
Industry Max: 232.56, Med: 11.17, Min: 3.33
IBCP: 11.4
Ranked among companies with meaningful Forward P/E only.
N/A
PE Ratio without NRI 13.13
PE without NRI ranked lower than
59.33% of 1532 companies
in the Banks - Regional - US industry.
Industry Max: 625000, Med: 12.43, Min: 0.02
IBCP: 13.13
Ranked among companies with meaningful PE without NRI only.
PE without NRI range over the past 10 years
Min: 1.75, Med: 16.51, Max: 255.67
Current: 13.13
1.75
255.67
Price-to-Owner-Earnings 9.87
Price-to-Owner-Earnings ranked lower than
51.57% of 989 companies
in the Banks - Regional - US industry.
Industry Max: 2862049.23, Med: 12.46, Min: 0.01
IBCP: 9.87
Ranked among companies with meaningful Price-to-Owner-Earnings only.
Price-to-Owner-Earnings range over the past 10 years
Min: 1.04, Med: 13.35, Max: 154
Current: 9.87
1.04
154
PB Ratio 1.51
PB Ratio ranked lower than
79.29% of 1651 companies
in the Banks - Regional - US industry.
Industry Max: 339397.23, Med: 1.11, Min: 0
IBCP: 1.51
Ranked among companies with meaningful PB Ratio only.
PB Ratio range over the past 10 years
Min: 0.18, Med: 1.13, Max: 2.03
Current: 1.51
0.18
2.03
PS Ratio 3.34
PS Ratio ranked lower than
60.34% of 1649 companies
in the Banks - Regional - US industry.
Industry Max: 207056.49, Med: 3.01, Min: 0.01
IBCP: 3.34
Ranked among companies with meaningful PS Ratio only.
PS Ratio range over the past 10 years
Min: 0.03, Med: 1.47, Max: 4.18
Current: 3.34
0.03
4.18
Price-to-Free-Cash-Flow 11.75
Price-to-Free-Cash-Flow ranked lower than
52.04% of 882 companies
in the Banks - Regional - US industry.
Industry Max: 2338.98, Med: 10.27, Min: 0
IBCP: 11.75
Ranked among companies with meaningful Price-to-Free-Cash-Flow only.
Price-to-Free-Cash-Flow range over the past 10 years
Min: 0.23, Med: 11.74, Max: 42.98
Current: 11.75
0.23
42.98
Price-to-Operating-Cash-Flow 10.91
Price-to-Operating-Cash-Flow ranked lower than
52.95% of 948 companies
in the Banks - Regional - US industry.
Industry Max: 1945525.29, Med: 9.19, Min: 0.01
IBCP: 10.91
Ranked among companies with meaningful Price-to-Operating-Cash-Flow only.
Price-to-Operating-Cash-Flow range over the past 10 years
Min: 0.18, Med: 10.45, Max: 94.34
Current: 10.91
0.18
94.34
EV-to-Revenue 0.26
EV-to-Revenue ranked lower than
53.28% of 1325 companies
in the Banks - Regional - US industry.
Industry Max: 2007.65, Med: 3.55, Min: 0.02
IBCP: 0.26
Ranked among companies with meaningful EV-to-Revenue only.
EV-to-Revenue range over the past 10 years
Min: -3.1, Med: 0.1, Max: 5.3
Current: 0.26
-3.1
5.3

Dividend & Buy Back

Current vs industry vs history
Dividend Yield % 3.06
Trailing Dividend Yield ranked lower than
54.62% of 2587 companies
in the Banks - Regional - US industry.
Industry Max: 266.3, Med: 2.92, Min: 0.01
IBCP: 3.06
Ranked among companies with meaningful Trailing Dividend Yield only.
Trailing Dividend Yield range over the past 10 years
Min: 0.46, Med: 1.92, Max: 19.77
Current: 3.06
0.46
19.77
Dividend Payout Ratio 0.38
Dividend Payout Ratio ranked lower than
55.56% of 1420 companies
in the Banks - Regional - US industry.
Industry Max: 186.51, Med: 0.33, Min: 0.01
IBCP: 0.38
Ranked among companies with meaningful Dividend Payout Ratio only.
Dividend Payout Ratio range over the past 10 years
Min: 0.23, Med: 0.32, Max: 0.44
Current: 0.38
0.23
0.44
3-Year Dividend Growth Rate (Per Share) 32.10
3-Year Dividend Growth Rate ranked higher than
88.41% of 880 companies
in the Banks - Regional - US industry.
Industry Max: 228.7, Med: 6, Min: -100
IBCP: 32.1
Ranked among companies with meaningful 3-Year Dividend Growth Rate only.
3-Year Dividend Growth Rate range over the past 10 years
Min: 0, Med: 12.2, Max: 32.6
Current: 32.1
0
32.6
Forward Dividend Yield % 3.32
Forward Dividend Yield ranked lower than
50.59% of 2534 companies
in the Banks - Regional - US industry.
Industry Max: 98, Med: 3.16, Min: 0.01
IBCP: 3.32
Ranked among companies with meaningful Forward Dividend Yield only.
N/A
Yield-on-Cost (5-Year) % 3.06
Yield-on-Cost (5y) ranked lower than
63.45% of 2561 companies
in the Banks - Regional - US industry.
Industry Max: 266.3, Med: 3.65, Min: 0.01
IBCP: 3.06
Ranked among companies with meaningful Yield-on-Cost (5y) only.
Yield-on-Cost (5y) range over the past 10 years
Min: 0.46, Med: 1.92, Max: 19.77
Current: 3.06
0.46
19.77
3-Year Share Buyback Rate -2.00
3-Year Share Buyback Rate ranked higher than
93.67% of 1137 companies
in the Banks - Regional - US industry.
Industry Max: 82.2, Med: -2.1, Min: -499.5
IBCP: -2
Ranked among companies with meaningful 3-Year Share Buyback Rate only.
3-Year Share Buyback Rate range over the past 10 years
Min: -55.9, Med: -2.9, Max: 3
Current: -2
-55.9
3

Valuation & Return

Current vs industry vs history
Price-to-Tangible-Book 1.78
Price-to-Tangible-Book ranked lower than
79.87% of 1669 companies
in the Banks - Regional - US industry.
Industry Max: 359582.88, Med: 1.2, Min: 0.01
IBCP: 1.78
Ranked among companies with meaningful Price-to-Tangible-Book only.
Price-to-Tangible-Book range over the past 10 years
Min: 0.32, Med: 1.55, Max: 6.71
Current: 1.78
0.32
6.71
Price-to-Projected-FCF 0.97
Price-to-Intrinsic-Value-Projected-FCF ranked lower than
75.68% of 958 companies
in the Banks - Regional - US industry.
Industry Max: 460, Med: 0.76, Min: 0.01
IBCP: 0.97
Ranked among companies with meaningful Price-to-Intrinsic-Value-Projected-FCF only.
Price-to-Intrinsic-Value-Projected-FCF range over the past 10 years
Min: 0.06, Med: 0.89, Max: 9.76
Current: 0.97
0.06
9.76
Price-to-Median-PS-Value 2.26
Price-to-Median-PS-Value ranked lower than
96.85% of 1524 companies
in the Banks - Regional - US industry.
Industry Max: 186, Med: 1.02, Min: 0.03
IBCP: 2.26
Ranked among companies with meaningful Price-to-Median-PS-Value only.
Price-to-Median-PS-Value range over the past 10 years
Min: 0.02, Med: 1.62, Max: 5.27
Current: 2.26
0.02
5.27
Price-to-Graham-Number 1.02
Price-to-Graham-Number ranked lower than
77.17% of 1476 companies
in the Banks - Regional - US industry.
Industry Max: 99940.04, Med: 0.86, Min: 0
IBCP: 1.02
Ranked among companies with meaningful Price-to-Graham-Number only.
Price-to-Graham-Number range over the past 10 years
Min: 0.21, Med: 1.29, Max: 2.99
Current: 1.02
0.21
2.99

More Statistics

Revenue (TTM) (Mil) $ 158.74
EPS (TTM) $ 1.65
Beta 0.77
Volatility % 19.7
52-Week Range $ 20.18 - 27.1
Shares Outstanding (Mil) 23.47

Analyst Estimate

Piotroski F-Score Details