Independent Bank Corp /Mi/ financial data

Symbol
IBCP on Nasdaq
Industry
State Commercial Banks
Location
4200 E Beltline Ave, Grand Rapids, MI
State of incorporation
MI
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 5, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 1.19K % -9.84%
Return On Equity 16.2 % -4.26%
Return On Assets 1.26 % +5.04%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 20.9M shares -0.23%
Common Stock, Shares, Outstanding 20.9M shares -0.21%
Entity Public Float 347M USD -12.7%
Common Stock, Value, Issued 318M USD -0.18%
Weighted Average Number of Shares Outstanding, Basic 20.9M shares -0.66%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 32.7M USD +2.15%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 82.6M USD +11.7%
Income Tax Expense (Benefit) 16.8M USD +22.1%
Net Income (Loss) Attributable to Parent 65.8M USD +9.38%
Earnings Per Share, Basic 3.16 USD/shares +10.9%
Earnings Per Share, Diluted 3.12 USD/shares +10.2%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 214M USD +65.9%
Property, Plant and Equipment, Net 35M USD -3.09%
Operating Lease, Right-of-Use Asset 6.69M USD +36.7%
Intangible Assets, Net (Excluding Goodwill) 1.75M USD -23.4%
Goodwill 28.3M USD 0%
Assets 5.28B USD +2.76%
Liabilities 4.85B USD +1.82%
Accumulated Other Comprehensive Income (Loss), Net of Tax -70.8M USD +12%
Retained Earnings (Accumulated Deficit) 184M USD +33.6%
Stockholders' Equity Attributable to Parent 430M USD +14.7%
Liabilities and Equity 5.28B USD +2.76%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 20.8M USD -10.9%
Net Cash Provided by (Used in) Financing Activities -46.5M USD -137%
Net Cash Provided by (Used in) Investing Activities 17.7M USD +257%
Common Stock, Shares Authorized 500M shares 0%
Common Stock, Shares, Issued 20.9M shares -0.21%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 214M USD +65.9%
Interest Paid, Excluding Capitalized Interest, Operating Activities 25M USD +82.2%
Deferred Tax Assets, Gross 36.7M USD -14.2%
Operating Lease, Liability 6.91M USD +35.9%
Payments to Acquire Property, Plant, and Equipment 676K USD -49%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 75.5M USD +16.8%
Lessee, Operating Lease, Liability, to be Paid 8.04M USD +48.4%
Property, Plant and Equipment, Gross 156M USD +1.52%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.18M USD +19.1%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.35M USD +26.8%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure +41.7%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.13M USD +239%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1M USD +22.3%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 200K shares 0%
Unrecognized Tax Benefits 200K USD 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 938K USD +48.9%
Preferred Stock, Shares Outstanding 0 shares
Interest Expense 92.8M USD +179%