Independent Bank Balance Sheet - Annual (NASDAQ:IBCP)

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$20 $0.05 (0.25%) IBCP stock closing price Mar 24, 2017 (Closing)

A balance sheet is one of the three key financial statements released by a publicly listed company like Independent Bank, and helps in stock analysis. As in our Independent Bank stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. Good quarterly results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. The Independent Bank balance sheet for 2015 shows total assets of $2.41B. Independent Bank revenue was $128.82M and Independent Bank operating cash flow was $24.03M for the same year. 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
Cash97.64M87.57M137.08M179.78M341.1M385.37M288.73M57.7M79.28M
Marketable Securities0.14M0.2M0.49M0.11M0.07M0.03M0.05M1.92M-
Receivables1.52B1.41B1.36B1.4B1.54B1.78B2.25B2.45B2.58B
Inventory27.86M23.66M20.39M50.77M44.8M50.09M34.23M27.6M33.96M
Raw Materials---------
Work In Progress---------
Finished Goods---------
Notes Receivable---------
Other Current Assets---------
Independent Bank Total Current Assets
1.64B1.52B1.52B1.63B1.92B2.21B2.58B2.53B2.69B
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
43.1M45.94M48.59M47.01M62.54M68.35M72.61M73.31M73.55M
Investment & Advances600.95M553.09M485.9M229.25M178.27M91.49M192M243.47M386.03M
Other Non-Current Assets7.15M6.45M18.28M26.13M34.04M39.41M31.53M19.99M-
Deferred Charges39.63M48.63M57.55M------
Intangibles14.71M14.73M16.87M14.98M18.83M23.64M25.53M40.89M82.01M
Deposits & Other Assets61.63M60.86M59.96M78.78M91.17M101.09M68.56M44.89M42.93M
Independent Bank Total Assets
2.41B2.25B2.21B2.02B2.31B2.54B2.97B2.96B3.28B
Notes Payable-------0.75M54.45M
Accounts Payable2.09B1.93B1.89B1.79B2.09B2.26B2.59B2.09B2.51B
Current Portion Long-Term Debt---------
Current Portion Capital Leases---------
Accrued Expenses23.69M24.04M31.55M33.83M28.45M31.37M44.35M32.62M35.62M
Income Taxes Payable---------
Other Current Liabilities--------44.91M
Independent Bank Total Current Liabilities
2.11B1.95B1.92B1.82B2.12B2.29B2.63B2.13B2.64B
Mortgages---------
Deferred Taxes/Income---------
Convertible Debt---------
Long-Term Debt47.52M48.03M57.91M67.8M83.56M121.2M224.07M634.87M395.42M
Non-Current Capital Leases---------
Other Long-Term Liabilities--------0.03M
Independent Bank Total Liabilities
2.16B2B1.98B1.89B2.2B2.42B2.86B2.76B3.04B
Minority Interest---------
Preferred Stock---84.2M79.85M75.7M69.15M68.45M-
Common Stock Net339.46M352.46M351.17M251.23M248.95M246.4M23.86M22.79M22.6M
Capital Surplus------201.61M200.68M195.3M
Retained Earnings-82.33M-96.45M-110.34M-192.4M-214.25M-189.9M-169.09M-73.84M22.77M
Treasury Stock---------
Other Liabilities-6.03M-5.63M-9.24M-8.05M-11.92M-13.12M-15.67M-23.2M-0.17M
Independent Bank Shareholders Equity
251.09M250.37M231.58M134.97M102.62M119.08M109.86M194.87M240.5M
Independent Bank Total Liabilities & Shareholders Equity
2.41B2.25B2.21B2.02B2.31B2.54B2.97B2.96B3.28B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Looking at Independent Bank historical stock prices and the current Independent Bank stock price can tell you how the stock price has moved, whereas the Independent Bank PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet are:
  • Assets: An asset is a resource that a corporation like Independent Bank owns and has monetary significance. IBCP assets grew from $2.25B in 2014 to $2.41B in 2015 . Assets can be of two types: fixed assets like real estate, plant and machinery; and current assets which includes cash, accounts receivable etc. Tech stocks typically don't have too many assets.
  • 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

PB ratio (
price to book ratio
)
1.7170