Independent Bank Balance Sheet - Quarterly (NASDAQ:IBCP)

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$21.35 $0.2 (0.95%) IBCP stock closing price Jul 25, 2017 (Closing)

A thorough fundamental analysis involves using data from Independent Bank balance sheet, apart from other financial statements, to value the business. All three financial statements should be used to measure the financial performance of the company, and should form a part of the Independent Bank stock analysis. Good quarterly results indicate a company's strong financial performance. Its important to check all financial statements including the balance sheet. The Independent Bank balance sheet for 2017-Q1 shows total assets of $2.6B. Independent Bank revenue was $33.72M and Independent Bank operating cash flow was $3.18M for the same quarter. View Independent Bank quarterly results to get the balance sheet details for the latest & last 40 quarters data..

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4
Cash75.16M88.78M121.54M69.59M154.88M97.64M118.22M69.17M113.12M87.57M
Marketable Securities0.33M0.41M0.15M0.21M0.13M0.14M0.22M0.18M0.21M0.2M
Receivables1.68B1.61B1.61B1.58B1.54B1.52B1.47B1.45B1.42B1.41B
Inventory37.61M35.94M38M31.71M28.01M27.86M25.46M30.51M30.93M23.66M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Independent Bank Total Current Assets
1.79B1.74B1.77B1.69B1.73B1.64B1.61B1.55B1.57B1.52B
Property Plant & Equipment-142.23M---152.63M---154.19M
Accumulated Depreciation-102.05M---109.52M---108.25M
Independent Bank Net Property Plant & Equipment
39.5M40.17M40.37M41.04M42.08M43.1M43.35M44.17M45.22M45.94M
Investment & Advances624.5M626.15M618.61M614.98M605.1M600.95M619.94M572.84M591.81M553.09M
Other Non-Current Assets5.25M5M4.98M5.57M6.67M7.15M3.85M4.47M5.66M6.45M
Deferred Charges28.95M32.81M32.15M35.25M37.16M39.63M41.42M44.15M46.19M48.63M
Intangibles16.57M15.6M13.06M12.43M13.17M14.71M13.99M14.98M13.85M14.73M
Deposits & Other Assets90.73M89.66M56.38M58.02M57.86M61.63M61.42M61.57M61.2M60.86M
Independent Bank Total Assets
2.6B2.55B2.54B2.45B2.49B2.41B2.39B2.29B2.33B2.25B
Notes Payable--------0.75M54.45M
Accounts Payable2.26B2.23B2.21B2.13B2.16B2.09B2.06B1.96B2B1.93B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses31.51M28.53M32.82M29.04M44.1M23.69M31.33M22.96M24.84M24.04M
Income Taxes Payable----------
Other Current Liabilities----------
Independent Bank Total Current Liabilities
2.29B2.25B2.24B2.16B2.2B2.11B2.09B1.99B2.03B1.95B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt45M45M47.09M47.36M47.52M47.52M47.63M47.89M48.03M48.03M
Non-Current Capital Leases----------
Other Long-Term Liabilities1.43M0.71M--------
Independent Bank Total Liabilities
2.34B2.3B2.29B2.21B2.25B2.16B2.14B2.03B2.08B2B
Minority Interest----------
Preferred Stock----------
Common Stock Net323.77M323.74M323.3M324.26M324.32M339.46M343.6M349.58M351.88M352.46M
Capital Surplus----------
Retained Earnings-61.76M-65.65M-69.38M-74.06M-79.98M-82.33M-86.12M-89.81M-94.05M-96.45M
Treasury Stock----------
Other Liabilities-6.53M-9.1M-3.01M-3.28M-4.79M-6.03M-4.49M-5.39M-4.2M-5.63M
Independent Bank Shareholders Equity
255.47M248.98M250.9M246.92M239.54M251.09M252.98M254.37M253.62M250.37M
Independent Bank Total Liabilities & Shareholders Equity
2.6B2.55B2.54B2.45B2.49B2.41B2.39B2.29B2.33B2.25B
All figures in USD. M: Millions of USD, B: Billions of USD.
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Most investors just check the Independent Bank stock price, and Independent Bank historical stock prices before investing. While share price is an important factor, one should also look at financials and valuation metrics like the Independent Bank PE ratio chart. Below is a brief explanation of common balance sheet terms:
  • Assets: An asset is a resource that a corporation like Independent Bank owns and has economic value. The two major types of assets are: fixed assets like real estate, plant and machinery and current assets like cash, marketable securities and inventory. The total asset value for IBCP stock as of quarter is $2.6B. Its easy to associate the term with manufacturing companies, which invest a lot in factories and equipment. However, the same cannot be said about tech stocks.
  • Liabilities: The total liabilities of Independent Bank for 2017-Q1 total to $2.34B. 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
)
1.8320