Independent Bank Balance Sheet - Annual (NASDAQ:IBCP)

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$19.3 $0.3 (1.58%) IBCP stock closing price Dec 05, 2016 (Closing)

The Independent Bank balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. 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. Independent Bank had a long term debt of $47.52M at the end of 2015. Independent Bank operating cash flow was $24.03M while Independent Bank revenue stood at $120.97M. 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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The latest Independent Bank stock price, and Independent Bank historical stock prices show the stock price movement over time, and the Independent Bank PE ratio chart displays the PE ratio movement. Apart from stock price, one should also look at balance sheet items which mainly comprise of the following:
  • 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: This item on the balance sheet implies the firm's, in this case Independent Bank's, legal obligations including loans, accounts payable, deferred revenue, accrued expenses and mortgages. The total liabilities for IBCP stock stand at $2.16B.
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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
)
1.6500