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Independent Bank (IBCP)
NASDAQ:IBCP
Total Valuation
Independent Bank has a market cap or net worth of $607.16M. The enterprise value is $809.43M.
Market Cap$607.16M
Enterprise Value$809.43M
Share Statistics
Independent Bank has 20.97M shares outstanding. The number of shares has decreased by -2.65% in one year.
Shares Outstanding20.97M
Owned by Insiders2.11%
Owned by Instutions0.32%
Financial Efficiency
Independent Bank’s return on equity (ROE) is 0.15 and return on invested capital (ROIC) is -2.92%.
Return on Equity (ROE)14.69%
Return on Assets (ROA)1.25%
Return on Invested Capital (ROIC)-2.92%
Return on Capital Employed (ROCE)-3.63%
Revenue Per Employee$402,383.88
Profits Per Employee$91,243.169
Employee Count732
Asset Turnover0.04
Inventory Turnover0.00
Valuation Ratios
The current PE Ratio of Independent Bank is 10.90. Independent Bank’s PEG ratio is 0.81.
PE Ratio10.90
PS Ratio3.37
PB Ratio1.60
Price to Fair Value1.60
Price to FCF13.18
Price to Operating Cash Flow11.52
PEG Ratio0.81
Income Statement
In the last 12 months, Independent Bank had revenue of $294.55M and earned $66.79M in profits. Earnings per share was $3.20.
Revenue$294.55M
Gross Profit$302.44M
Operating Income$44.46M
Pretax Income$83.05M
Net Income$66.79M
EBITDA48.00M
Earnings Per Share (EPS)3.20
Cash Flow
In the last 12 months, operating cash flow was $63.15M and capital expenditures -$7.95M, giving a free cash flow of $55.20M billion.
Operating Cash Flow$63.15M
Free Cash Flow$55.20M
Free Cash Flow per Share$2.63
Dividends & Yields
Independent Bank pays an annual dividend of $0.98, resulting in a dividend yield of 3.38%
Dividend Per Share$0.98
Dividend Yield3.38%
Payout Ratio33.20%
Free Cash Flow Yield7.58%
Earnings Yield9.18%
Stock Price Statistics
Beta0.93
52-Week Price Change32.92%
50-Day Moving Average32.04
200-Day Moving Average33.14
Relative Strength Index (RSI)46.50
Average Volume (3m)112.60K
Important Dates
Independent Bank upcoming earnings date is Apr 24, 2025, Before Open.
Last Earnings DateJan 23, 2025
Next Earnings DateApr 24, 2025
Ex-Dividend DateFeb 4, 2025
Financial Position
Independent Bank as a current ratio of 0.00, with Debt / Equity ratio of 0.27
Current Ratio0.00
Quick Ratio0.00
Debt to Market Cap0.17
Net Debt to EBITDA0.00
Interest Coverage Ratio-1.93
Taxes
In the past 12 months, Independent Bank has paid $16.26M in taxes.
Income Tax$16.26M
Effective Tax Rate19.57%
Enterprise Valuation
Independent Bank EV to EBITDA ratio is 0.00, with an EV/FCF ratio of 13.27.
EV to Sales3.39
EV to EBITDA0.00
EV to Free Cash Flow13.27
EV to Operating Cash Flow11.60
Balance Sheet
Independent Bank has $145.27M in cash and marketable securities with $124.39M in debt, giving a net cash position of -$20.88M billion.
Cash & Marketable Securities$145.27M
Total Debt$124.39M
Net Cash-$20.88M
Net Cash Per Share-$1.00
Tangible Book Value Per Share$18.09
Margins
Gross margin is 100.00%, with operating margin of -89.70%, and net profit margin of 30.95%.
Gross Margin100.00%
Operating Margin-89.70%
Pretax Margin38.48%
Net Profit Margin30.95%
EBITDA Margin0.00%
EBIT Margin-4.64%
Analyst Forecast
The average price target for Independent Bank is $39.67, which is 11.43% higher than the current price. The consensus rating is Hold
Price Target$39.67
Price Target Upside32.76%
Analyst ConsensusHold
Analyst Count3
Revenue Growth Forecast10.58%
EPS Growth Forecast13.51%