Independent Bank Annual Income Statement (NASDAQ:IBCP)

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$20.3 $0.05 (0.25%) IBCP stock closing price Mar 29, 2017 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to the Independent Bank stock price. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. The income statement for IBCP which implies a YoY revenue growth of $7.85M is specific to a period of time. Investors typically check YoY or QoQ revenue growth. Independent Bank revenue for 2016 is $128.82M. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Independent Bank Net Sales or Revenues
128.82M120.97M119.33M131.95M162.96M161.67M220.66M247.71M233.45M270.39M
Cost Of Goods Sold (COGS)-4M4.96M5.7M8.91M15.25M28.16M35.4M46.69M89.06M
Independent Bank Gross Profit
-116.96M114.36M126.24M154.05M146.41M192.5M212.31M186.76M181.33M
Research & Development Expense----------
Selling General & Admin Expense-85.73M86.81M100.13M122.76M161.89M201.76M273.88M198.45M158.54M
Income Before Depreciation Depletion Amortization-31.22M27.54M26.11M31.28M-15.47M-9.26M-61.57M-11.69M22.79M
Depreciation Depletion Amortization-------16.73M50.02M-
Non Operating Income-----0.86M-----0.34M
Interest Expense-1.84M2.33M3.45M4.23M4.93M9.03M15.12M26.89M13.6M
Independent Bank Pretax Income
-29.38M25.21M22.65M26.19M-20.41M-18.29M-93.43M-88.6M8.85M
Provision for Income Taxes-9.36M7.19M-54.85M--0.21M-1.59M-3.21M3.06M-1.1M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations22.77M20.01M18.02M77.5M26.19M-20.2M-16.7M-90.22M-91.66M9.95M
Extraordinary Items & Discontinued Operations---------0.4M
Independent Bank Net Income (Profit/Loss)
22.77M20.01M18.02M77.5M26.19M-20.2M-16.7M-90.22M-91.66M10.35M
Average Shares used to compute Diluted EPS21.48M23.18M23.47M21.86M32.89M8.28M5.09M2.39M2.28M2.28M
Average Shares used to compute Basic EPS21.48M22.72M22.93M13.97M8.71M8.28M5.09M2.39M2.27M2.26M
Income Before Nonrecurring Items22.77M20.02M18.02M22.61M26.2M-20.2M-16.71M-73.5M-10.26M9.96M
Income from Nonrecurring Items---54.9M----16.73M-77.71M-
Independent Bank Earnings Per Share Basic Net
1.060.880.795.872.51-2.94-4.09-39.60-38.804.60
Independent Bank Earnings Per Share Diluted Net
1.050.860.773.550.80-2.94-4.09-39.60-38.804.50
EPS Diluted Before Nonrecurring Items1.050.860.771.040.80-2.94-4.09-32.70-4.604.40
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.340.260.18----0.303.508.30
All figures in USD. M: Millions of USD, B: Billions of USD.
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Independent Bank stock analysis involves checking at least a few of the important things like:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that IBCP stock has a topline or revenue of $128.82M for 2016 as per this Independent Bank revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: Most businesses like Independent Bank try to improve their bottom line by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.
The income statement is also called statement of revenue and expense. The financials along with Independent Bank historical stock prices provides a lot of details about the firm. .