Independent Bank Income Statement - Quarterly (NASDAQ:IBCP)

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$21.98 $0.22 (1.01%) IBCP stock closing price Feb 24, 2017 (Closing)

Financial analysis of Independent Bank involves more than just checking the Independent Bank stock price, by looking at the financial statements of the company in detail. In the income statement, an investor can check for important parameters like the topline, the bottomline, the EPS basic, dividends etc. The income statement for IBCP which implies a QoQ revenue growth of $1.91M is specific to a period of time. Investors typically check YoY or QoQ revenue growth. One also needs to look at Independent Bank assets, operating expenses and Independent Bank free cash flow. The profit and loss statement shows revenue of $35.36M for 2016-Q4. Revenue has grown by $1.91M QoQ for IBCP stock. View details of revenue and profits for Independent Bank for latest & last 40 quarters.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3
Independent Bank Net Sales or Revenues
35.36M33.45M30.85M29.16M30.93M30.41M31.12M28.51M29.05M30.61M
Cost Of Goods Sold (COGS)-1.25M1.15M1.11M1.06M0.98M0.96M1M1.18M1.23M
Independent Bank Gross Profit
-32.19M29.69M28.04M29.89M29.42M30.15M27.5M27.88M29.37M
Research & Development Expense----------
Selling General & Admin Expense-22.35M20.16M21.51M21.17M21.63M21.44M21.49M21.83M21.45M
Income Before Depreciation Depletion Amortization-9.84M9.53M6.53M8.73M7.78M8.7M6.01M6.06M7.92M
Depreciation Depletion Amortization----------
Non Operating Income----------
Interest Expense-0.49M0.48M0.47M0.47M0.46M0.46M0.45M0.63M0.64M
Independent Bank Pretax Income
-9.35M9.04M6.05M8.26M7.32M8.24M5.56M5.45M7.27M
Provision for Income Taxes-2.97M2.61M1.95M2.69M2.27M2.62M1.78M1.55M2.34M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations5.86M6.37M6.44M4.1M5.57M5.05M5.62M3.78M3.9M4.93M
Extraordinary Items & Discontinued Operations----------
Independent Bank Net Income (Profit/Loss)
5.86M6.37M6.44M4.1M5.57M5.05M5.62M3.78M3.9M4.93M
Average Shares used to compute Diluted EPS21.59M21.55M21.64M22.06M22.63M23.13M23.44M23.54M23.49M23.48M
Average Shares used to compute Basic EPS21.25M21.23M21.28M21.75M22.31M22.67M22.9M23M22.95M22.94M
Income Before Nonrecurring Items5.86M6.37M6.44M4.1M5.57M5.05M5.62M3.78M3.9M4.93M
Income from Nonrecurring Items----------
Independent Bank Earnings Per Share Basic Net
0.280.300.300.190.250.220.250.160.170.21
Independent Bank Earnings Per Share Diluted Net
0.270.300.300.190.250.220.240.160.170.21
EPS Diluted Before Nonrecurring Items0.270.300.300.190.250.220.240.160.170.21
Preferred Dividends Acc Pd----------
Dividends Common2.121.70--------
Dividend Per Share Common0.100.080.080.080.080.060.060.060.060.06
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Independent Bank stock analysis. An investor must check the following items in an income statement:
  • Revenue: The money received by selling of goods or services comes under this line item. A QoQ 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 $35.36M - other expenses = $5.86M 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)
20.7310
PS ratio (
price sales ratio
)
3.6250
Net profit margin
16.6
Dividend yield
1.55%