Independent Financial Statements From 2010 to 2024

IBCP Stock  USD 23.14  0.14  0.60%   
Independent Bank financial statements provide useful quarterly and yearly information to potential Independent Bank investors about the company's current and past financial position, as well as its overall management performance and changes in financial position over time. Historical trend examination of various income statement and balance sheet accounts found on Independent Bank financial statements helps investors assess Independent Bank's valuation, profitability, and current liquidity needs. Key fundamental drivers impacting Independent Bank's valuation are summarized below:
Gross Profit
206.1 M
Profit Margin
0.2942
Market Capitalization
483.8 M
Revenue
200.8 M
Earnings Share
2.79
There are currently one hundred twenty fundamental trends for Independent Bank that can be evaluated and compared over time across competitors. Investors and active traders are advised to confirm Independent Bank's regular fundamental performance against the performance between 2010 and 2024 to make sure the trends are evolving in the right direction. As of 04/16/2024, Market Cap is likely to grow to about 476.9 M, while Enterprise Value is likely to drop slightly above 267.8 M.

Independent Bank Total Revenue

304.18 Million

Check Independent Bank financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Independent main balance sheet or income statement drivers, such as Interest Expense of 7.9 M, Other Operating Expenses of 226.8 M or Operating Income of 271 M, as well as many exotic indicators such as Price To Sales Ratio of 1.84, Dividend Yield of 0.0475 or PTB Ratio of 1.65. Independent financial statements analysis is a perfect complement when working with Independent Bank Valuation or Volatility modules.
  
This module can also supplement Independent Bank's financial leverage analysis and stock options assessment as well as various Independent Bank Technical models . Check out the analysis of Independent Bank Correlation against competitors.
To learn how to invest in Independent Stock, please use our How to Invest in Independent Bank guide.

Independent Bank Balance Sheet

Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding12.5 M21.2 M24.1 M
Slightly volatile
Total Assets5.5 B5.3 B3.2 B
Slightly volatile
Total Stockholder Equity424.7 M404.4 M277.4 M
Slightly volatile
Property Plant And Equipment Net42.1 M40.4 M40 M
Very volatile
Cash100.5 M169.8 M114.3 M
Pretty Stable
Non Current Assets Total5.3 B5.1 B1.3 B
Slightly volatile
Other Assets0.951.02.2 B
Slightly volatile
Liabilities And Stockholders Equity5.5 B5.3 B3.2 B
Slightly volatile
Total Liabilities5.1 B4.9 B2.4 B
Slightly volatile
Property Plant And Equipment Gross164.1 M156.3 M71.4 M
Slightly volatile
Total Current Assets179.9 M189.4 M1.4 B
Slightly volatile
Short and Long Term Debt Total183.7 M134.4 M93.4 M
Slightly volatile
Total Current Liabilities1.6 B2.7 BB
Pretty Stable
Net Receivables155.7 M148.2 M53.5 M
Slightly volatile
Short Term Debt1.1 M1.1 M19.1 M
Very volatile
Non Current Liabilities Total2.3 B2.2 B356 M
Slightly volatile
Common Stock Total Equity196.7 M369.1 M298.8 M
Slightly volatile
Common Stock205.8 M317.5 M296 M
Slightly volatile
Other Liabilities855 K900 K11.4 M
Slightly volatile
Accounts Payable2.5 BB2.6 B
Slightly volatile
Long Term Debt113.6 M129.3 M85.1 M
Slightly volatile
Intangible Assets24.5 M44.2 M23 M
Slightly volatile
Property Plant Equipment39.8 M32.3 M41.3 M
Slightly volatile
Other Current Assets179.9 M189.4 M912.9 M
Slightly volatile
Short Term Investments625.6 M679.4 M588 M
Slightly volatile
Net Tangible Assets271.2 M364.3 M240.6 M
Slightly volatile
Long Term Debt Total199.4 M189.9 M92.5 M
Slightly volatile
Long Term Investments1.9 BB1.7 B
Pretty Stable
Non Current Liabilities Other130.4 M124.2 M63.9 M
Slightly volatile
Short and Long Term Debt30 M54.9 M44.2 M
Very volatile
Earning Assets509.9 M557 M631.5 M
Slightly volatile
Net Invested Capital512 M533.7 M413.9 M
Slightly volatile
Capital Stock270.8 M317.5 M354.7 M
Slightly volatile

Independent Bank Income Statement

Current ValueLast YearHistorical Average 10 Year Trend
Selling General Administrative51.9 M82 M67.2 M
Slightly volatile
Total Revenue304.2 M289.7 M157.8 M
Slightly volatile
Gross Profit309.3 M294.6 M158.5 M
Slightly volatile
Selling And Marketing Expenses2.3 M2.2 M2.4 M
Slightly volatile
Non Recurring2.8 M2.5 M2.3 M
Slightly volatile
Tax Provision14 M13.9 M11.7 M
Slightly volatile
Net Interest Income127 M156.8 M102.8 M
Slightly volatile
Interest Income148.8 M225.3 M118 M
Slightly volatile
Reconciled Depreciation9.6 M10 MM
Slightly volatile

Independent Bank Cash Flow Statement

Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow24.9 M47.5 M38.4 M
Slightly volatile
Begin Period Cash Flow94.3 M74.4 M124.8 M
Slightly volatile
Capital Expenditures5.9 MM4.7 M
Slightly volatile
Total Cash From Operating Activities30.9 M53.6 M43.2 M
Slightly volatile
End Period Cash Flow98.7 M169.8 M110.7 M
Pretty Stable
Change To InventoryM7.4 M10.3 M
Slightly volatile
Issuance Of Capital Stock103.7 K74 K201.2 K
Slightly volatile

Financial Ratios

Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio1.841.8842.256
Slightly volatile
Dividend Yield0.04750.03540.1511
Slightly volatile
PTB Ratio1.651.34951.1839
Slightly volatile
Days Sales Outstanding217207115
Slightly volatile
Book Value Per Share18.3219.281515.3652
Slightly volatile
Free Cash Flow Yield0.05840.08710.3471
Slightly volatile
Invested Capital0.310.32240.3537
Very volatile
Operating Cash Flow Per Share2.432.55322.7058
Very volatile
PB Ratio1.651.34951.1839
Slightly volatile
Free Cash Flow Per Share4.512.2662.5011
Slightly volatile
Sales General And Administrative To Revenue0.320.28290.4662
Slightly volatile
Cash Per Share26.4740.481135.8946
Pretty Stable
POCF Ratio10.710.19119.4259
Pretty Stable
Payout Ratio0.310.32720.5326
Slightly volatile
PFCF Ratio13.2811.482711.4845
Very volatile
Intangibles To Total Assets0.01350.01370.0104
Slightly volatile
Current Ratio0.06670.0703125
Slightly volatile
Tangible Book Value Per Share15.0315.822937.7103
Slightly volatile
Receivables Turnover1.731.835.515
Slightly volatile
Graham Number33.234.952127.7655
Pretty Stable
Shareholders Equity Per Share18.3219.281515.3652
Slightly volatile
Debt To Equity0.310.32240.3537
Very volatile
Revenue Per Share13.1213.8119.5243
Very volatile
Interest Debt Per Share6.286.61136.917
Pretty Stable
Debt To Assets0.02350.02470.0281
Pretty Stable
Short Term Coverage Ratios49.2446.896716.7625
Slightly volatile
Price Book Value Ratio1.651.34951.1839
Slightly volatile
Dividend Payout Ratio0.310.32720.5326
Slightly volatile
Price To Operating Cash Flows Ratio10.710.19119.4259
Pretty Stable
Price To Free Cash Flows Ratio13.2811.482711.4845
Very volatile
Ebt Per Ebit0.270.28556.8317
Slightly volatile
Company Equity Multiplier15.3213.046412.4122
Pretty Stable
Long Term Debt To Capitalization0.230.24220.2385
Pretty Stable
Total Debt To Capitalization0.480.24380.2664
Pretty Stable
Debt Equity Ratio0.310.32240.3537
Very volatile
Quick Ratio0.30.31537.805
Slightly volatile
Net Income Per E B T0.680.80171.1186
Slightly volatile
Cash Ratio0.05980.0639.4781
Slightly volatile
Operating Cash Flow Sales Ratio0.190.18490.2851
Pretty Stable
Days Of Sales Outstanding217207115
Slightly volatile
Free Cash Flow Operating Cash Flow Ratio1.510.88750.8954
Slightly volatile
Cash Flow Coverage Ratios0.260.41070.4908
Pretty Stable
Price To Book Ratio1.651.34951.1839
Slightly volatile
Fixed Asset Turnover7.527.16474.0341
Slightly volatile
Price Cash Flow Ratio10.710.19119.4259
Pretty Stable
Debt Ratio0.02350.02470.0281
Pretty Stable
Cash Flow To Debt Ratio0.260.41070.4908
Pretty Stable
Price Sales Ratio1.841.8842.256
Slightly volatile
Asset Turnover0.05710.05490.0493
Pretty Stable
Gross Profit Margin0.820.920.9972
Slightly volatile
Price Fair Value1.651.34951.1839
Slightly volatile

Independent Bank Valuation Data

Current ValueLast YearHistorical Average 10 Year Trend
Market Cap476.9 M454.2 M362.8 M
Slightly volatile

Independent Fundamental Market Drivers

Forward Price Earnings8.4962
Cash And Short Term Investments-68.2 M

Independent Upcoming Events

25th of April 2024
Upcoming Quarterly Report
View
23rd of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
23rd of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Independent Bank Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include Independent Bank income statement, its balance sheet, and the statement of cash flows. Independent Bank investors use historical funamental indicators, such as Independent Bank's revenue or net income, to determine how well the company is positioned to perform in the future. Although Independent Bank investors may use each financial statement separately, they are all related. The changes in Independent Bank's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on Independent Bank's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on Independent Bank Financial Statements. Understanding these patterns can help to make the right decision on long term investment in Independent Bank. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Total Revenue289.7 M304.2 M
Cost Of Revenue-4.4 M-4.2 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.28  0.32 
Research And Ddevelopement To Revenue 0.00  0.00 
Capex To Revenue(0.02)(0.02)
Revenue Per Share 13.81  13.12 
Ebit Per Revenue 0.89  0.68 

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When determining whether Independent Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Independent Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Independent Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Independent Bank Stock:
Check out the analysis of Independent Bank Correlation against competitors.
To learn how to invest in Independent Stock, please use our How to Invest in Independent Bank guide.
Note that the Independent Bank information on this page should be used as a complementary analysis to other Independent Bank's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Funds Screener module to find actively-traded funds from around the world traded on over 30 global exchanges.

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Is Independent Bank's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independent Bank. If investors know Independent will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Independent Bank listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.07)
Dividend Share
0.92
Earnings Share
2.79
Revenue Per Share
9.573
Quarterly Revenue Growth
(0.02)
The market value of Independent Bank is measured differently than its book value, which is the value of Independent that is recorded on the company's balance sheet. Investors also form their own opinion of Independent Bank's value that differs from its market value or its book value, called intrinsic value, which is Independent Bank's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Independent Bank's market value can be influenced by many factors that don't directly affect Independent Bank's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Independent Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independent Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Independent Bank's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.