Independent Bank Balance Sheet - Annual (NASDAQ:IBCP)

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$24 $0.1 (0.41%) IBCP stock closing price Apr 20, 2018 (Closing)

The financial analysis of a company involves interpreting the income statement, balance sheet and cash flow statements of the company to draw insights like we've done in our Independent Bank stock analysis. A balance sheet can help evaluate the financial performance of a company. Ratios like return on total assets and current ratio, which also uses cash on hand can be used to measure the operating efficiency of a firm, and can be used to conduct a more accurate Independent Bank stock analysis. Annual results announcements include the release of all three financial statements, of which the balance sheet is one. Independent Bank balance sheet indicates an asset turnover ratio of 0.05 and debt to equity ratio of 0.34. Also check Independent Bank revenue and Independent Bank operating cash flow for the same period.

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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Looking at Independent Bank historical stock prices and the current Independent Bank stock price can tell you how the stock price has moved, whereas the Independent Bank PE ratio chart shows if its shares are overpriced in comparison to peers. The important things to look for in a balance sheet 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
0.87
Debt to equity ratio
0.34
Asset turnover ratio
0.05
Receivables turnover
0.08
Price to book ratio
1.97