Independent Bank Annual Income Statement (NASDAQ:IBCP)

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$20.85 $0.25 (1.21%) IBCP stock closing price Jan 20, 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 is generated for a specific period of time. The revenue increase of $120.97M for 2015 impacts the IBCP stock. Investors typically check year over year or quarter over quarter revenue growth. The operating expenses (also check: Independent Bank assets and Independent Bank free cash flow) as shown in the Independent Bank profit and loss statement 2015 total to $89.73M. This line item has decreased from $91.77M compared with last year. Independent Bank revenue for 2015 is $120.97M. View revenue and profit details for latest and last 10 financial years.

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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Independent Bank Net Sales or Revenues
Cost Of Goods Sold (COGS)4M4.96M5.7M8.91M15.25M28.16M35.4M46.69M89.06M74.29M
Independent Bank Gross Profit
Research & Development Expense----------
Selling General & Admin Expense85.73M86.81M100.13M122.76M161.89M201.76M273.88M198.45M158.54M122.56M
Income Before Depreciation Depletion Amortization31.22M27.54M26.11M31.28M-15.47M-9.26M-61.57M-11.69M22.79M64.89M
Depreciation Depletion Amortization------16.73M50.02M--
Non Operating Income----0.86M-----0.34M-
Interest Expense1.84M2.33M3.45M4.23M4.93M9.03M15.12M26.89M13.6M19.4M
Independent Bank Pretax Income
Provision for Income Taxes9.36M7.19M-54.85M--0.21M-1.59M-3.21M3.06M-1.1M11.66M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations20.01M18.02M77.5M26.19M-20.2M-16.7M-90.22M-91.66M9.95M33.82M
Extraordinary Items & Discontinued Operations--------0.4M-0.62M
Independent Bank Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS23.18M23.47M21.86M32.89M8.28M5.09M2.39M2.28M2.28M2.33M
Average Shares used to compute Basic EPS22.72M22.93M13.97M8.71M8.28M5.09M2.39M2.27M2.26M2.29M
Income Before Nonrecurring Items20.02M18.02M22.61M26.2M-20.2M-16.71M-73.5M-10.26M9.96M33.83M
Income from Nonrecurring Items--54.9M----16.73M-77.71M--
Independent Bank Earnings Per Share Basic Net
Independent Bank Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items0.860.771.040.80-2.94-4.09-32.70-4.604.4014.50
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.260.18----0.303.508.307.62
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Independent Bank stock analysis. It helps to look at the following income statement items:
  • 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 $120.97M for 2015 as per this Independent Bank revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $120.97M - other expenses = $20.01M for IBCP stock. An improving bottomline implies that the company is growing profits.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Independent Bank historical stock prices to check how the price has moved with time. .

Independent Bank Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
PS ratio (
price sales ratio
Operating margin
Net profit margin
Dividend yield