Independent Bank Corp (Michigan)
NASDAQ:IBCP
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P/B
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Price to Book (P/B) ratio compares a company`s market value to its book value. It shows how much investors are paying for each dollar of net assets on the balance sheet.
Valuation Scenarios
If P/B returns to its 3-Year Average (1.3), the stock would be worth $32.51 (2% downside from current price).
| Scenario | P/B Value | Implied Price | Upside/Downside |
|---|---|---|---|
| Current Multiple | 1.4 | $33.3 |
0%
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| 3-Year Average | 1.3 | $32.51 |
-2%
|
| 5-Year Average | 1.2 | $29.87 |
-10%
|
| Industry Average | 1.2 | $29.78 |
-11%
|
| Country Average | 2.5 | $61.53 |
+85%
|
Forward P/B
Today’s price vs future total equity
Peer Comparison
| Market Cap | P/B | P/E | ||||
|---|---|---|---|---|---|---|
| US |
|
Independent Bank Corp (Michigan)
NASDAQ:IBCP
|
684.3m USD | 1.4 | 10 | |
| US |
|
PNC Financial Services Group Inc
NYSE:PNC
|
90.5B USD | 1.4 | 13.2 | |
| US |
|
Truist Financial Corp
NYSE:TFC
|
64B USD | 1 | 12.3 | |
| US |
|
Fifth Third Bancorp
NASDAQ:FITB
|
46.1B USD | 1.4 | 22.8 | |
| US |
|
Huntington Bancshares Inc
NASDAQ:HBAN
|
34.2B USD | 1.4 | 16.2 | |
| US |
|
M&T Bank Corp
NYSE:MTB
|
32.3B USD | 1.2 | 11.6 | |
| CN |
|
Bank of Ningbo Co Ltd
SZSE:002142
|
211.4B CNY | 0.9 | 7.7 | |
| CN |
|
Bank of Jiangsu Co Ltd
SSE:600919
|
205.5B CNY | 0.6 | 6.4 | |
| US |
|
Citizens Financial Group Inc
NYSE:CFG
|
27.8B USD | 1.1 | 15.2 | |
| JP |
|
Resona Holdings Inc
TSE:8308
|
4.1T JPY | 1.4 | 15.4 | |
| US |
|
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
|
24B USD | 1.1 | 11.2 |
Market Distribution
| Min | 0 |
| 30th Percentile | 1.5 |
| Median | 2.5 |
| 70th Percentile | 4.8 |
| Max | 147 580.5 |
Other Multiples
Independent Bank Corp (Michigan)
Glance View
Independent Bank Corp. operates as a bank holding company, which engages in the provision of financial services. The company is headquartered in Grand Rapids, Michigan and currently employs 866 full-time employees. The firm operates through the community banking segment, which provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. The firm is engaged in bank transacts business in the single industry of commercial banking. The Bank classifies loans as commercial, consumer real estate and other consumers. Its commercial loans consist of commercial and industrial loans, commercial real estate, commercial construction, and small business loans. Its consumer real estate consists of residential mortgages and home equity loans and lines of credit that are secured primarily by owner-occupied residences and mortgages for the construction of residential properties. Its other consumer loans are focused on personal loans. The company has over 119 retail branches, two limited-service branches and a mobile branch in Eastern Massachusetts.
