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Independent Bank (IBCP)

(Delayed Data from NSDQ)

$24.99 USD

24.99
54,982

-0.18 (-0.72%)

Updated Apr 26, 2024 04:00 PM ET

After-Market: $24.94 -0.05 (-0.20%) 7:58 PM ET

Zacks Rank:

This is our short term rating system that serves as a timeliness indicator for stocks over the next 1 to 3 months. How good is it? See rankings and related performance below.

Zacks Rank Definition Annualized Return
1Strong Buy24.20%
2Buy18.04%
3Hold9.52%
4Sell5.20%
5Strong Sell2.60%
S&P50011.13%

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2-Buy of 5   2      

Style Scores:

The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.

The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.

Value Score A
Growth Score A
Momentum Score A
VGM Score A

Within each Score, stocks are graded into five groups: A, B, C, D and F. As you might remember from your school days, an A, is better than a B; a B is better than a C; a C is better than a D; and a D is better than an F.

As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style.

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B Value F Growth A Momentum D VGM

Industry Rank:

The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank.

An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%.

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Bottom 43% (143 out of 252)

Industry: Banks - Midwest

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Better trading starts here.

Balance Sheet

Research for IBCP

The Zacks Equity Research reports, or ZER for short, are our in-house, independently produced research reports.

The ever popular one-page Snapshot reports are generated for virtually every single Zacks Ranked stock. It's packed with all of the company's key stats and salient decision making information. Including the Zacks Rank, Zacks Industry Rank, Style Scores, the Price, Consensus & Surprise chart, graphical estimate analysis and how a stocks stacks up to its peers.

The detailed multi-page Analyst report does an even deeper dive on the company's vital statistics. In addition to all of the proprietary analysis in the Snapshot, the report also visually displays the four components of the Zacks Rank (Agreement, Magnitude, Upside and Surprise); provides a comprehensive overview of the company business drivers, complete with earnings and sales charts; a recap of their last earnings report; and a bulleted list of reasons to buy or sell the stock. It also includes an industry comparison table to see how your stock compares to its expanded industry, and the S&P 500.

Researching stocks has never been so easy or insightful as with the ZER Analyst and Snapshot reports.

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Fiscal Year End for Independent Bank Corporation falls in the month of December.

All items in Millions except Per Share data.

12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Assets          
Cash & Equivalents 170 74 109 119 66
Receivables 3,869 3,542 2,924 2,761 2,742
Notes Receivable 0 0 0 0 0
Inventories 12 47 90 92 70
Other Current Assets 0 0 0 0 0
Total Current Assets 4,051 3,663 3,124 2,972 2,877
Net Property & Equipment 36 36 36 36 38
Investments & Advances 1,050 1,172 1,431 1,091 537
Other Non-Current Assets 1 0 0 1 2
Deferred Charges 0 0 0 0 2
Intangibles 73 73 58 50 53
Deposits & Other Assets 54 55 55 55 56
Total Assets 5,264 5,000 4,705 4,204 3,565
Liabilities & Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Notes Payable 0 0 0 0 0
Accounts Payable 4,623 4,379 4,117 3,637 3,037
Current Portion Long-Term Debt 0 0 0 0 0
Current Portion Capital Leases 0 0 0 0 0
Accrued Expenses 107 108 80 68 50
Income Taxes Payable 0 0 0 0 0
Other Current Liabilities 0 0 0 0 0
Total Current Liabilities 4,730 4,487 4,197 3,706 3,086
Mortgages 0 0 0 0 0
Deferred Taxes/Income 0 0 0 0 0
Convertible Debt 0 0 0 0 0
Long-Term Debt 129 165 109 109 128
Non-Current Capital Leases 0 0 0 0 0
Other Non-Current Liabilities 0 0 0 0 0
Minority Interest (Liabilities) 0 0 0 0 0
Total Liabilities 4,859 4,652 4,306 3,814 3,215
Shareholders Equity 12/31/2023 12/31/2022 12/31/2021 12/31/2020 12/31/2019
Preferred Stock 0 0 0 0 0
Common Stock (Par) 317 321 323 339 352
Capital Surplus 0 0 0 0 0
Retained Earnings 159 119 75 40 2
Other Equity -72 -93 1 10 -4
Treasury Stock 0 0 0 0 0
Total Shareholder's Equity 404 348 398 390 350
Total Liabilities & Shareholder's Equity 5,264 5,000 4,705 4,204 3,565
Total Common Equity 404 348 398 390 350
Shares Outstanding 20.80 21.00 21.20 21.80 22.40
Book Value Per Share 19.44 16.55 18.80 17.87 15.63

Fiscal Year End for Independent Bank Corporation falls in the month of December.

All items in Millions except Per Share data.

3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Assets          
Cash & Equivalents -99,999 170 127 129 227
Receivables NA 3,869 3,831 3,709 3,576
Notes Receivable NA 0 0 0 0
Inventories NA 12 14 20 17
Other Current Assets NA 0 0 0 0
Total Current Assets NA 4,051 3,973 3,858 3,820
Net Property & Equipment NA 36 35 36 36
Investments & Advances NA 1,050 1,060 1,111 1,155
Other Non-Current Assets NA 1 0 1 1
Deferred Charges NA 0 0 0 0
Intangibles NA 73 77 75 73
Deposits & Other Assets NA 54 55 55 55
Total Assets NA 5,264 5,200 5,136 5,139
Liabilities & Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Notes Payable NA 0 0 0 0
Accounts Payable NA 4,623 4,586 4,488 4,545
Current Portion Long-Term Debt NA 0 0 0 0
Current Portion Capital Leases NA 0 0 0 0
Accrued Expenses NA 107 110 104 97
Income Taxes Payable NA 0 0 0 0
Other Current Liabilities NA 0 0 0 0
Total Current Liabilities NA 4,730 4,696 4,591 4,642
Mortgages NA 0 0 0 0
Deferred Taxes/Income NA 0 0 0 0
Convertible Debt NA 0 0 0 0
Long-Term Debt NA 129 129 169 129
Non-Current Capital Leases NA 0 0 0 0
Other Non-Current Liabilities NA 0 0 0
Minority Interest (Liabilities) NA 0 0 0 0
Total Liabilities NA 4,859 4,825 4,760 4,771
Shareholders Equity 3/31/2024 12/31/2023 9/30/2023 6/30/2023 3/31/2023
Preferred Stock NA 0 0 0 0
Common Stock (Par) NA 317 317 318 321
Capital Surplus NA 0 0 0 0
Retained Earnings NA 159 150 137 128
Other Equity NA -72 -92 -81 -81
Treasury Stock NA 0 0 0 0
Total Shareholder's Equity NA 404 375 375 368
Total Liabilities & Shareholder's Equity NA 5,264 5,200 5,136 5,139
Total Common Equity 0 404 375 375 368
Shares Outstanding 20.90 20.80 20.90 21.10 21.10
Book Value Per Share 0.00 19.44 17.94 17.78 17.43