Independent Bank Balance Sheet - Annual (NASDAQ:IBCP)

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$22.3 $0.45 (1.98%) IBCP stock closing price Apr 28, 2017 (Closing)

A thorough fundamental analysis involves using data from Independent Bank balance sheet, apart from other financial statements, to value the business. 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 announcements include the release of all three financial statements, of which the balance sheet is one. Independent Bank revenue was $128.82M and Independent Bank operating cash flow was $23.98M for 2016. The balance sheet shows total liabilities of $2.3B and shareholders equity of $248.98M. 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. 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007
Cash88.78M97.64M87.57M137.08M179.78M341.1M385.37M288.73M57.7M79.28M
Marketable Securities0.41M0.14M0.2M0.49M0.11M0.07M0.03M0.05M1.92M-
Receivables1.61B1.52B1.41B1.36B1.4B1.54B1.78B2.25B2.45B2.58B
Inventory35.94M27.86M23.66M20.39M50.77M44.8M50.09M34.23M27.6M33.96M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Independent Bank Total Current Assets
1.74B1.64B1.52B1.52B1.63B1.92B2.21B2.58B2.53B2.69B
Property Plant & Equipment142.23M152.63M154.19M151.06M143.82M167.68M165.74M161.81M153.9M-
Accumulated Depreciation102.05M109.52M108.25M102.47M96.81M105.13M97.38M89.19M80.58M-
Independent Bank Net Property Plant & Equipment
40.17M43.1M45.94M48.59M47.01M62.54M68.35M72.61M73.31M73.55M
Investment & Advances626.15M600.95M553.09M485.9M229.25M178.27M91.49M192M243.47M386.03M
Other Non-Current Assets5M7.15M6.45M18.28M26.13M34.04M39.41M31.53M19.99M-
Deferred Charges32.81M39.63M48.63M57.55M------
Intangibles15.6M14.71M14.73M16.87M14.98M18.83M23.64M25.53M40.89M82.01M
Deposits & Other Assets89.66M61.63M60.86M59.96M78.78M91.17M101.09M68.56M44.89M42.93M
Independent Bank Total Assets
2.55B2.41B2.25B2.21B2.02B2.31B2.54B2.97B2.96B3.28B
Notes Payable--------0.75M54.45M
Accounts Payable2.23B2.09B1.93B1.89B1.79B2.09B2.26B2.59B2.09B2.51B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses28.53M23.69M24.04M31.55M33.83M28.45M31.37M44.35M32.62M35.62M
Income Taxes Payable----------
Other Current Liabilities---------44.91M
Independent Bank Total Current Liabilities
2.25B2.11B1.95B1.92B1.82B2.12B2.29B2.63B2.13B2.64B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt45M47.52M48.03M57.91M67.8M83.56M121.2M224.07M634.87M395.42M
Non-Current Capital Leases----------
Other Long-Term Liabilities0.71M--------0.03M
Independent Bank Total Liabilities
2.3B2.16B2B1.98B1.89B2.2B2.42B2.86B2.76B3.04B
Minority Interest----------
Preferred Stock----84.2M79.85M75.7M69.15M68.45M-
Common Stock Net323.74M339.46M352.46M351.17M251.23M248.95M246.4M23.86M22.79M22.6M
Capital Surplus-------201.61M200.68M195.3M
Retained Earnings-65.65M-82.33M-96.45M-110.34M-192.4M-214.25M-189.9M-169.09M-73.84M22.77M
Treasury Stock----------
Other Liabilities-9.1M-6.03M-5.63M-9.24M-8.05M-11.92M-13.12M-15.67M-23.2M-0.17M
Independent Bank Shareholders Equity
248.98M251.09M250.37M231.58M134.97M102.62M119.08M109.86M194.87M240.5M
Independent Bank Total Liabilities & Shareholders Equity
2.55B2.41B2.25B2.21B2.02B2.31B2.54B2.97B2.96B3.28B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Apart from balance sheet items, an investor would do well to keep track of the Independent Bank stock price by looking at Independent Bank historical stock prices. One can compare PE with industry average by looking at the Independent Bank PE ratio chart. The common balance sheet items are:
  • Assets: An asset is a resource that a corporation like Independent Bank owns and has monetary significance. IBCP assets grew from $2.41B in 2015 to $2.55B in 2016 . 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 or obligations comprise of current liabilities that include short term loans, amounts payable to suppliers, or any other outstanding payments including long term liabilities that take into account long term loans for funding large projects. The total liabilities for Independent Bank is $2.3B. Shareholders' equity comes under liabilities as it is money the company owes the holders of IBCP stock.
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Independent Bank Balance Sheet - Key Ratios

Current ratio
0.77
Debt to Equity ratio
0.18
Asset Turnover
ratio
0.06
receivables turnover
ratio
0.08
PB ratio (
price to book ratio
)
1.9150