Independent Bank Corporation (Ionia, MI) (IBCP) Company Profile & Statistics

Independent Bank Corporation (Ionia, MI)
IBCP
(Nasdaq - US)
N/A
25.14
-0.16 (-0.63%)
in:usd•As of: Apr 24, 2024 15:59 UTC -4
Open
24.94
High
25.21
Low
24.68

About Independent Bank Corporation (Ionia, MI)

CEO

William B. Kessel

Headquarters

4200 e beltline ave

grand rapids, mi 49525, united states

Auditor

Crowe LLP

Employees

832

Share Holders

1,200

Website

www.independentbank.com

Industry

regional banks

Sector

finance

Company Overview

Independent Bank Corporation is a bank holding company. Its subsidiary banks principally serve rural and suburban communities located across Michigan's Lower Peninsula. The Banks emphasize service and convenience as a principal means of competing in the delivery of financial services.

Independent Bank Corporation (Ionia, MI) Statistics

Valuation Measures

Market Capitalization ²	525.68M
Enterprise Value	654.94M
Enterprise Value/EBITDA (ttm)	N/A
Price to Earnings Ratio (ttm)	8.36
Price to Book (mrq)	1.26
Price to Sales (ttm)	1.76
Price to Cash (ytd)	7.09

Profitability

Gross Margin (ttm)	0.00%
Operating Margin (ttm)	21.33%
Profit Margin (ttm)	29.33%
Return on Equity (ttm)	16.28%
Return on Invested Capital (ttm)	11.39%
Return on Assets (ttm)	1.19%

Income Statement

Revenue (ttm)	0.00
Revenue Per Share (ttm)	0.00
Gross Profit (ttm)	0.00
EBITDA (ttm)³	0.00
Net Income Avi to Common (ttm)	59.07M
Diluted EPS (ttm)	2.79

Share Statistics

Beta (5Y Monthly)	0.97
52-Week Change	57.04%
S&P500 52-Week Change	24.56%
S&P500 Member	No
Stock Optionable	Yes
Total Shares Outstanding ¹	20.91M
Dividend Yield	3.92%
Float ⁴	19.76M
% Held by Insiders	5.48%
% Held by Institutions	79.43%

Balance Sheet

Total Cash (mrq)	0.00
Total Cash Per Share (mrq)	0.00
Total Debt (mrq)	129.26M
Total Debt/Equity (mrq)	31.96%
Current Ratio (mrq)	N/A
Quick Ratio (mrq)	0.85%
Book Value Per Share (mrq)	19.41

Cash Flow

Operating Cash Flow Per Share (ytd)	3.57
Free Cash Flow (ytd)	71.21M

Table Key

mrq = Most Recent Quarter

ttm = Trailing Twelve Months

ytd = Year To Date

Footnotes

Data provided by Zacks Investment Research or calculated by FXEmpire. Stock price provided by Xignite. All numbers are rounded to the closest decimal.

¹ Total Shares outstanding is taken from the most recently filed quarterly or annual report.

² Market Cap is calculated using total shares outstanding and the most recent share price.

³ EBITDA is calculated using methodology that may differ from that used by a company in its reporting.

⁴ The float is a measure of the number of shares available for trading by the public. It's calculated by taking the number of issued and outstanding shares minus any restricted stock, which might not be publicly traded.

Independent Bank Corporation (Ionia, MI)

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