Independent Bank Balance Sheet - Annual (NASDAQ:IBCP)

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$24.2 $0.45 (1.83%) IBCP stock closing price Sep 21, 2018 (Closing)

The fundamental analysis of this company requires a thorough look at Independent Bank balance sheet. Financial strength can be guaged by performing Independent Bank stock analysis and by analyzing the balance sheet. Good annual results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. Apart from analyzing Independent Bank revenue Independent Bank operating cash flow, one needs to check balance sheet items like cash, fixed assets and debt. The Independent Bank balance sheet for 2017 shows cash on hand of $57.47M. The company has a debt to equity ratio of 0.24.

View latest 10 year balance sheet data to check Independent Bank financial performance.
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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Cash57.47M88.78M97.64M87.57M137.08M179.78M341.1M385.37M288.73M57.7M
Marketable Securities---------1.92M
Receivables2.03B1.61B1.52B1.41B1.36B1.4B1.54B1.78B2.25B2.45B
Inventory39.43M35.94M27.86M23.66M20.39M50.77M44.8M50.09M34.23M27.6M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
2.12B1.74B1.64B1.52B1.52B1.63B1.92B2.21B2.58B2.53B
Property Plant & Equipment141.23M142.23M152.63M154.19M151.06M143.82M167.68M165.74M161.81M153.9M
Accumulated Depreciation102.08M102.05M109.52M108.25M102.47M96.81M105.13M97.38M89.19M80.58M
Net Property Plant & Equipment
39.14M40.17M43.1M45.94M48.59M47.01M62.54M68.35M72.61M73.31M
Investment & Advances538.46M626.15M600.95M553.09M485.9M229.25M178.27M91.49M192M243.47M
Other Non-Current Assets1.64M5M7.15M6.45M18.28M26.13M34.04M39.41M31.53M19.99M
Deferred Charges15.08M32.81M39.63M48.63M57.55M-----
Intangibles17.28M15.6M14.71M14.73M16.87M14.98M18.83M23.64M25.53M40.89M
Deposits & Other Assets54.57M89.66M61.63M60.86M59.96M78.78M91.17M101.09M68.56M44.89M
Total Assets
2.79B2.55B2.41B2.25B2.21B2.02B2.31B2.54B2.97B2.96B
Notes Payable----------
Accounts Payable2.4B2.23B2.09B1.93B1.89B1.79B2.09B2.26B2.59B2.09B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses33.71M28.53M23.69M24.04M31.55M33.83M28.45M31.37M44.35M32.62M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
2.43B2.25B2.11B1.95B1.92B1.82B2.12B2.29B2.63B2.13B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt90.16M45M47.52M48.03M57.91M67.8M83.56M121.2M224.07M634.87M
Non-Current Capital Leases----------
Other Long-Term Liabilities----------
Total Liabilities
2.52B2.3B2.16B2B1.98B1.89B2.2B2.42B2.86B2.76B
Minority Interest----------
Preferred Stock-----84.2M79.85M75.7M69.15M68.45M
Common Stock Net324.98M323.74M339.46M352.46M351.17M251.23M248.95M246.4M23.86M22.79M
Capital Surplus--------201.61M200.68M
Retained Earnings-54.05M-65.65M-82.33M-96.45M-110.34M-192.4M-214.25M-189.9M-169.09M-73.84M
Treasury Stock----------
Other Liabilities-5.99M-9.1M-6.03M-5.63M-9.24M-8.05M-11.92M-13.12M-15.67M-23.2M
Shareholders Equity264.93M248.98M251.09M250.37M231.58M134.97M102.62M119.08M109.86M194.87M
Total Liabilities & Shareholders Equity2.79B2.55B2.41B2.25B2.21B2.02B2.31B2.54B2.97B2.96B
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: IBCP total assets, which was at $2.79B for 2017 is a balance sheet item representing value of what Independent Bank owns. Assets are brought to aid a firms operations, or to increase its economic value. It must be noted that tech stocks may not have a lot of assets, as the value for these companies is often derived from future earning potential.
  • Liabilities: The total liabilities of Independent Bank for the year 2017 total to $2.52B. Liabilities for a company like Independent Bank include bank loans, services which have been availed for which a settlement in the form of cash/ asset transfer needs to be done in future etc. A firm takes on such obligations to grow its business which in turn will generate future economic benefits for its business.

Independent Bank Balance Sheet - Key Ratios

Current ratio
0.92
Debt to equity ratio
0.24
Asset turnover ratio
0.06
Receivables turnover
0.08
Price to book ratio
2.08