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 - Q3 2024 - Nov 5, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Debt-to-equity 1.14K % -12.5%
Return On Equity 14.6 % -11.6%
Return On Assets 1.18 % 0%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 20.9M shares +0.26%
Common Stock, Shares, Outstanding 20.9M shares +0.21%
Entity Public Float 347M USD -12.7%
Common Stock, Value, Issued 318M USD +0.34%
Weighted Average Number of Shares Outstanding, Basic 20.9M shares -0.12%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 32.5M USD -0.53%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest 78.2M USD +5.26%
Income Tax Expense (Benefit) 16.2M USD +16.1%
Net Income (Loss) Attributable to Parent 62.1M USD +2.75%
Earnings Per Share, Basic 2.98 USD/shares +3.83%
Earnings Per Share, Diluted 2.94 USD/shares +3.16%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 122M USD -4.63%
Property, Plant and Equipment, Net 35.3M USD -0.27%
Operating Lease, Right-of-Use Asset 6.4M USD +22.4%
Intangible Assets, Net (Excluding Goodwill) 1.62M USD -24.5%
Goodwill 28.3M USD 0%
Assets 5.26B USD +1.14%
Liabilities 4.81B USD -0.38%
Accumulated Other Comprehensive Income (Loss), Net of Tax -58.3M USD +36.9%
Retained Earnings (Accumulated Deficit) 192M USD +28.1%
Stockholders' Equity Attributable to Parent 452M USD +20.6%
Liabilities and Equity 5.26B USD +1.14%

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 122M USD -4.63%
Interest Paid, Excluding Capitalized Interest, Operating Activities 25M USD +82.2%
Deferred Tax Assets, Gross 36.7M USD -14.2%
Operating Lease, Liability 6.62M USD +22.1%
Payments to Acquire Property, Plant, and Equipment 676K USD -49%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 96.1M USD +47.5%
Lessee, Operating Lease, Liability, to be Paid 7.69M USD +30.3%
Property, Plant and Equipment, Gross 156M USD +1.52%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.18M USD +10.1%
Lessee, Operating Lease, Liability, to be Paid, Year One 1.35M USD +18%
Operating Lease, Weighted Average Discount Rate, Percent 0.04 pure +37%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.07M USD +123%
Lessee, Operating Lease, Liability, to be Paid, Year Three 1M USD +11.1%
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 +31.4%
Preferred Stock, Shares Outstanding 0 shares
Interest Expense 92.8M USD +179%