Independent Bank Corp (Michigan)

General ticker "IBCP" information:

  • Sector: Financials
  • Industry: Banks
  • Capitalization: $784.5M

Independent Bank Corp (Michigan) follows the US Stock Market performance with the rate: 62.8%.

Estimated limits based on current volatility of 2.4%: low 35.02$, high 36.71$

Factors to consider:

  • Company pays dividends: last record date 2024-11-05, amount 0.24$ (Y2.73%)
  • Company does not operate outside North America (retrieved using AI)
  • Current price 20.6% above estimated high
  • Earnings for 9 months up through Q3 exceed our estimates

Stock Forecast*

* forecast is subjective and experimental, should not be used for any investment decisions

Long term estimates were made for the period from 2023-12-31 to 2025-12-30

  • 2023-12-31 to 2024-12-30 estimated range: [20.29$, 29.14$]
  • 2024-12-30 to 2025-12-30 estimated range: [24.79$, 34.24$]

Financial Metrics affecting the IBCP estimates:

  • Positive: Operating cash flow per share per price, % of 15.19 > 12.76
  • Positive: Non-GAAP EPS, $ of 2.79 > 2.29
  • Negative: Investing cash flow per share, $ of -7.77 <= -3.48
  • Positive: Operating profit margin, % of 45.58 > 19.51
  • Positive: -0.25 < Return on assets ratio (scaled to [-100,100]) of 1.11

Similar symbols

Short-term IBCP quotes

Long-term IBCP plot with estimates

Financial data

YTD 2021-12-31 2022-12-31 2023-12-31
Operating Revenue $199.03MM $204.57MM $200.50MM
Operating Expenses $121.72MM $107.34MM $108.97MM
Operating Income $77.31MM $97.23MM $91.53MM
Non-Operating Income $0.00MM $-19.45MM $-17.85MM
Interest Expense $8.31MM $19.45MM $83.35MM
Income(Loss) $77.31MM $77.79MM $73.68MM
Taxes $14.42MM $14.44MM $14.61MM
Profit(Loss) $62.90MM $63.35MM $59.07MM
Stockholders Equity $398.48MM $347.60MM $404.45MM
Inventory $122.58MM $91.34MM $0.00MM
Assets $4,704.74MM $4,999.79MM $5,263.73MM
Operating Cash Flow $110.15MM $94.63MM $75.59MM
Capital expenditure $5.84MM $5.68MM $6.02MM
Investing Cash Flow $-563.06MM $-424.59MM $-162.94MM
Financing Cash Flow $443.68MM $294.86MM $182.77MM
Earnings Per Share* $2.91 $3.00 $2.82

* EPS are Split Adjusted, recent splits may be reflected with a delay.