Independent Bank Balance Sheet - Quarterly (NASDAQ:IBCP)

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

The financial analysis of a company like Independent Bank involves checking the three financial statements of the company in detail, of which the balance sheet is one. As in our Independent Bank stock analysis, analyzing a company also involves looking at the company's assets and liabilities as given in its balance sheet, which can be used to measure financial performance. Good quarterly 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 Q4 shows cash on hand of $57.47M. The company has a debt to equity ratio of 0.34.

View and download Independent Bank quarterly results to get the balance sheet details for the latest 40 quarters data.
show more
Quarterly
Annual
View Previous Quarters
View Next Quarters
Fiscal year is Jan - Dec2017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q42015 Q3
Cash57.47M51.09M65.1M75.16M88.78M121.54M69.59M154.88M97.64M118.22M
Marketable Securities----------
Receivables2.03B1.96B1.82B1.68B1.61B1.61B1.58B1.54B1.52B1.47B
Inventory39.43M47.61M45.69M37.61M35.94M38M31.71M28.01M27.86M25.46M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
2.12B2.06B1.93B1.79B1.74B1.77B1.69B1.73B1.64B1.61B
Property Plant & Equipment141.23M---142.23M---152.63M-
Accumulated Depreciation102.08M---102.05M---109.52M-
Net Property Plant & Equipment
39.14M38.77M39.35M39.5M40.17M40.37M41.04M42.08M43.1M43.35M
Investment & Advances538.46M564.4M599.26M624.5M626.15M618.61M614.98M605.1M600.95M619.94M
Other Non-Current Assets1.64M2.15M2.36M5.25M5M4.98M5.57M6.67M7.15M3.85M
Deferred Charges15.08M22.43M25.2M28.95M32.81M32.15M35.25M37.16M39.63M41.42M
Intangibles17.28M16.34M16.27M16.57M15.6M13.06M12.43M13.17M14.71M13.99M
Deposits & Other Assets54.57M54.28M56.09M90.73M89.66M56.38M58.02M57.86M61.63M61.42M
Total Assets
2.79B2.75B2.67B2.6B2.55B2.54B2.45B2.49B2.41B2.39B
Notes Payable-3M--------
Accounts Payable2.4B2.34B2.25B2.26B2.23B2.21B2.13B2.16B2.09B2.06B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses33.71M30.55M35.6M31.51M28.53M32.82M29.04M44.1M23.69M31.33M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
2.43B2.38B2.28B2.29B2.25B2.24B2.16B2.2B2.11B2.09B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt90.16M108.41M121.09M45M45M47.09M47.36M47.52M47.52M47.63M
Non-Current Capital Leases----------
Other Long-Term Liabilities---1.43M------
Total Liabilities
2.52B2.49B2.4B2.34B2.3B2.29B2.21B2.25B2.16B2.14B
Minority Interest----------
Preferred Stock----------
Common Stock Net324.98M324.6M324.23M323.77M323.74M323.3M324.26M324.32M339.46M343.6M
Capital Surplus----------
Retained Earnings-54.05M-53.24M-57.96M-61.76M-65.65M-69.38M-74.06M-79.98M-82.33M-86.12M
Treasury Stock----------
Other Liabilities-5.99M-3.65M-3.81M-6.53M-9.1M-3.01M-3.28M-4.79M-6.03M-4.49M
Shareholders Equity264.93M267.71M262.45M255.47M248.98M250.9M246.92M239.54M251.09M252.98M
Total Liabilities & Shareholders Equity2.79B2.75B2.67B2.6B2.55B2.54B2.45B2.49B2.41B2.39B
All figures in USD. M: Millions of USD, B: Billions of USD.
View Previous Quarters
View Next Quarters

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: An asset is a resource that a corporation like Independent Bank owns and has monetary significance. IBCP assets grew from $2.75B in 2017 Q3 to $2.79B in 2017 Q4. 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 $2.52B. Shareholders equity comes under liabilities as it is money the company owes the holders of IBCP stock.

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