Independent Bank Annual Income Statement (NASDAQ:IBCP)

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$20.5 $0.8 (4.06%) IBCP stock closing price Dec 08, 2016 (Closing)

Looking at financial statements, along with the Independent Bank stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis.   In the income statement, an investor can look at important parameters like revenue, gross profits, net profits, and EPS basic to gain deeper insights. 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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Annual
Quarterly
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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
120.97M119.33M131.95M162.96M161.67M220.66M247.71M233.45M270.39M261.74M
Cost Of Goods Sold (COGS)4M4.96M5.7M8.91M15.25M28.16M35.4M46.69M89.06M74.29M
Independent Bank Gross Profit
116.96M114.36M126.24M154.05M146.41M192.5M212.31M186.76M181.33M187.45M
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
29.38M25.21M22.65M26.19M-20.41M-18.29M-93.43M-88.6M8.85M45.48M
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)
20.01M18.02M77.5M26.19M-20.2M-16.7M-90.22M-91.66M10.35M33.2M
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
0.880.795.872.51-2.94-4.09-39.60-38.804.6014.50
Independent Bank Earnings Per Share Diluted Net
0.860.773.550.80-2.94-4.09-39.60-38.804.5014.30
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:
  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth (See: Independent Bank revenue chart) implies that the company is growing, which has been the case with Independent Bank. One must stay away from stocks whose revenues are declining.
  • 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 statement of revenue and expense. The financials along with Independent Bank historical stock prices provides a lot of details about the firm. .

Independent Bank Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
19.7120
PS ratio (
price sales ratio
)
3.4988
Operating margin
29.4
Net profit margin
19
Dividend yield
1.56%