Independent Bank Corp (Michigan)
NASDAQ:IBCP

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Independent Bank Corp (Michigan) Logo
Independent Bank Corp (Michigan)
NASDAQ:IBCP
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Price: 31.54 USD -0.13% Market Closed
Market Cap: 659.2m USD
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

0
Net Interest Income
+0%
Growth Rates:
1 Year
+6%
3 Years
+28%
5 Years
+36%
7 Years
+86%
10 Years
+127%
0
Non Interest Income
+0%
Growth Rates:
1 Year
+12%
3 Years
-26%
5 Years
+18%
7 Years
+33%
10 Years
+45%
0
Net Income
+0%
Growth Rates:
1 Year
+13%
3 Years
+6%
5 Years
+44%
7 Years
+226%
10 Years
+271%

Income Statement
Independent Bank Corp (Michigan)

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Income Statement
Currency: USD
Millions
Ones
Thousands
Millions
Billions
TTM
Quarterly
Annual
TTM
Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024
Revenue
Net Interest Income
73
73
73
74
75
77
78
79
80
81
83
86
89
92
99
106
113
120
121
123
123
123
122
123
124
124
125
126
130
132
137
143
150
155
157
157
156
158
161
164
166
Interest Income
81
80
80
80
81
83
84
85
87
89
91
94
98
102
111
120
131
141
145
148
149
148
144
141
140
137
136
137
138
140
145
154
169
188
208
225
240
251
259
265
267
Interest Expense
7
7
7
6
6
6
6
6
7
7
8
8
9
10
12
14
18
21
24
26
26
25
22
18
16
13
12
11
8
8
8
11
19
33
51
68
83
93
98
102
101
Non Interest Income
39
39
40
39
40
39
38
39
42
45
46
44
43
44
46
47
45
43
41
41
48
49
59
74
80
96
90
83
76
69
69
66
62
53
54
53
50
55
55
49
56
Revenue
112
N/A
112
0%
113
+1%
113
+0%
115
+2%
116
+0%
115
0%
118
+2%
122
+3%
126
+4%
129
+2%
130
+1%
132
+1%
136
+3%
145
+7%
153
+6%
158
+3%
163
+3%
162
0%
164
+1%
170
+4%
171
+1%
181
+6%
197
+9%
204
+4%
220
+8%
215
-2%
209
-3%
206
-2%
201
-2%
206
+2%
209
+2%
211
+1%
208
-1%
211
+1%
210
-1%
207
-1%
213
+3%
216
+1%
212
-2%
223
+5%
Pre-Tax Income
Loan Loss Provision
3
4
3
2
3
3
3
3
1
1
(0)
(1)
(1)
(2)
(2)
(1)
(2)
(2)
(2)
(2)
(1)
0
0
0
0
0
2
3
2
3
(1)
(5)
(5)
(9)
(10)
(8)
(6)
(5)
(1)
(2)
(4)
Non Interest Expense
(90)
(90)
(89)
(89)
(89)
(88)
(88)
(88)
(90)
(92)
(94)
(94)
(92)
(93)
(100)
(104)
(108)
(111)
(108)
(109)
(112)
(119)
(125)
(132)
(135)
(129)
(129)
(129)
(131)
(132)
(132)
(130)
(128)
(128)
(127)
(127)
(127)
(131)
(132)
(132)
(135)
Pre-Tax Income
25
N/A
26
+4%
27
+1%
27
+0%
29
+11%
30
+2%
31
+3%
33
+7%
33
+1%
35
+8%
35
-1%
36
+2%
38
+8%
41
+7%
43
+6%
48
+11%
49
+2%
49
+1%
52
+5%
53
+1%
58
+10%
52
-10%
57
+9%
66
+15%
70
+6%
91
+31%
88
-4%
83
-5%
77
-7%
72
-7%
73
+1%
75
+2%
78
+4%
72
-8%
74
+3%
74
+1%
74
-1%
78
+5%
83
+6%
78
-5%
83
+6%
Net Income
Tax Provision
(7)
(8)
(8)
(8)
(9)
(10)
(10)
(10)
(10)
(11)
(11)
(11)
(12)
(11)
(11)
(11)
(9)
(9)
(10)
(10)
(11)
(10)
(11)
(13)
(13)
(17)
(17)
(16)
(14)
(13)
(14)
(14)
(14)
(13)
(14)
(14)
(15)
(16)
(17)
(16)
(16)
Income from Continuing Operations
18
19
18
18
20
20
21
22
23
25
24
25
27
30
33
38
40
40
42
43
46
42
46
53
56
73
71
67
63
59
59
61
63
58
60
60
59
62
66
62
67
Net Income (Common)
18
N/A
19
+4%
18
-2%
18
+1%
20
+9%
20
+2%
21
+4%
22
+6%
23
+1%
25
+8%
24
-2%
25
+2%
21
-17%
24
+15%
27
+12%
32
+19%
40
+26%
40
+1%
42
+5%
43
+1%
46
+9%
42
-10%
46
+10%
53
+16%
56
+6%
73
+31%
71
-3%
67
-5%
63
-7%
59
-6%
59
+1%
61
+2%
63
+4%
58
-8%
60
+3%
60
+0%
59
-2%
62
+5%
66
+6%
62
-6%
67
+8%
EPS (Diluted)
0.77
N/A
0.8
+4%
0.78
-3%
0.79
+1%
0.86
+9%
0.92
+7%
0.97
+5%
1.04
+7%
1.05
+1%
1.15
+10%
1.12
-3%
1.14
+2%
0.94
-18%
1.09
+16%
1.08
-1%
1.28
+19%
1.68
+31%
1.67
-1%
1.8
+8%
1.86
+3%
2
+8%
1.85
-8%
2.07
+12%
2.38
+15%
2.53
+6%
3.33
+32%
3.22
-3%
3.1
-4%
2.88
-7%
2.74
-5%
2.79
+2%
2.86
+3%
2.97
+4%
2.74
-8%
2.83
+3%
2.85
+1%
2.79
-2%
2.95
+6%
3.13
+6%
2.95
-6%
3.16
+7%

See Also

Summary
IBCP intrinsic value, competitors valuation, and company profile.
DCF Valuation
IBCP stock valuation using Discount Cash Flow valuation method.
Relative Valuation
IBCP stock valuation using valuation multiples.
Wall Street Estimates
IBCP price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
IBCP stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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