Independent Bank Balance Sheet - Annual (NASDAQ:IBCP)

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$20.6 $0.35 (1.67%) IBCP stock closing price Jan 19, 2017 (Closing)

A thorough fundamental analysis involves using data from Independent Bank balance sheet, apart from other financial statements, to value the business. How cash on hand has increased or decreased is one of the many indicators used while undertaking the Independent Bank stock analysis, and provides insights into the firm's financial performance. Quarterly results are typically accompanied with the company releasing financial statements. The Independent Bank balance sheet for 2015 shows cash on hand of $97.64M. The cash has increased by $10.07M. Independent Bank revenue was $120.97M and Independent Bank operating cash flow was $24.03M. View latest and last 10 year balance sheet data to check Independent Bank financial performance..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Cash97.64M87.57M137.08M179.78M341.1M385.37M288.73M57.7M79.28M73.14M
Marketable Securities0.14M0.2M0.49M0.11M0.07M0.03M0.05M1.92M--
Receivables1.52B1.41B1.36B1.4B1.54B1.78B2.25B2.45B2.58B2.52B
Inventory27.86M23.66M20.39M50.77M44.8M50.09M34.23M27.6M33.96M31.84M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Independent Bank Total Current Assets
1.64B1.52B1.52B1.63B1.92B2.21B2.58B2.53B2.69B2.63B
Property Plant & Equipment152.63M154.19M151.06M143.82M167.68M165.74M161.81M153.9M--
Accumulated Depreciation109.52M108.25M102.47M96.81M105.13M97.38M89.19M80.58M--
Independent Bank Net Property Plant & Equipment
43.1M45.94M48.59M47.01M62.54M68.35M72.61M73.31M73.55M67.99M
Investment & Advances600.95M553.09M485.9M229.25M178.27M91.49M192M243.47M386.03M449.11M
Other Non-Current Assets7.15M6.45M18.28M26.13M34.04M39.41M31.53M19.99M-189.43M
Deferred Charges39.63M48.63M57.55M-------
Intangibles14.71M14.73M16.87M14.98M18.83M23.64M25.53M40.89M82.01M56.56M
Deposits & Other Assets61.63M60.86M59.96M78.78M91.17M101.09M68.56M44.89M42.93M41.1M
Independent Bank Total Assets
2.41B2.25B2.21B2.02B2.31B2.54B2.97B2.96B3.28B3.43B
Notes Payable-------0.75M54.45M84.08M
Accounts Payable2.09B1.93B1.89B1.79B2.09B2.26B2.59B2.09B2.51B2.6B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses23.69M24.04M31.55M33.83M28.45M31.37M44.35M32.62M35.62M40.53M
Income Taxes Payable----------
Other Current Liabilities--------44.91M32.76M
Independent Bank Total Current Liabilities
2.11B1.95B1.92B1.82B2.12B2.29B2.63B2.13B2.64B2.76B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt47.52M48.03M57.91M67.8M83.56M121.2M224.07M634.87M395.42M227.87M
Non-Current Capital Leases----------
Other Long-Term Liabilities--------0.03M183.67M
Independent Bank Total Liabilities
2.16B2B1.98B1.89B2.2B2.42B2.86B2.76B3.04B3.17B
Minority Interest----------
Preferred Stock---84.2M79.85M75.7M69.15M68.45M--
Common Stock Net339.46M352.46M351.17M251.23M248.95M246.4M23.86M22.79M22.6M22.86M
Capital Surplus------201.61M200.68M195.3M200.24M
Retained Earnings-82.33M-96.45M-110.34M-192.4M-214.25M-189.9M-169.09M-73.84M22.77M31.42M
Treasury Stock----------
Other Liabilities-6.03M-5.63M-9.24M-8.05M-11.92M-13.12M-15.67M-23.2M-0.17M3.64M
Independent Bank Shareholders Equity
251.09M250.37M231.58M134.97M102.62M119.08M109.86M194.87M240.5M258.16M
Independent Bank Total Liabilities & Shareholders Equity
2.41B2.25B2.21B2.02B2.31B2.54B2.97B2.96B3.28B3.43B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Independent Bank stock price, and Independent Bank historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Independent Bank PE ratio chart. Below is a brief explanation of common balance sheet terms:
  • Assets: IBCP total assets, which was at $2.41B for 2015 is a balance sheet item representing value of what Independent Bank owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities: The total liabilities of Independent Bank for 2015 total to $2.16B. Liabilities for a company like Independent Bank include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.
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Independent Bank Balance Sheet - Key Ratios

Current ratio
0.79
Debt to Equity ratio
0.19
Asset Turnover
ratio
0.05
receivables turnover
ratio
0.08
PB ratio (
price to book ratio
)
1.7610