Independent Bank Balance Sheet - Annual (NASDAQ:IBCP)

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$21.2 $0.05 (0.24%) IBCP stock closing price Jul 20, 2017 (Closing)

A balance sheet is one of the three key financial statements released by a publicly listed company like Independent Bank, and helps in stock analysis. 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 are typically accompanied with the company releasing financial statements. Independent Bank had a long term debt of $45M at the end of 2016. Independent Bank operating cash flow was $23.98M while Independent Bank revenue stood at $128.82M. 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: IBCP total assets, which was at $2.55B for 2016 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 2016 total to $2.3B. 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.
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Independent Bank Balance Sheet - Key Ratios

Current ratio
0.78
Debt to Equity ratio
0.18
Asset Turnover
ratio
0.05
receivables turnover
ratio
0.08
PB ratio (
price to book ratio
)
1.8190