Independent Bank Balance Sheet - Quarterly (NASDAQ:IBCP)

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$22.3 $0.45 (1.98%) IBCP stock closing price Apr 28, 2017 (Closing)

The Independent Bank balance sheet is a snapshot of the company's financial health at a given point of time, whereas the other two financial statements are for a particular accounting period. 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 2016-Q4 shows cash on hand of $88.78M. The cash has decreased by $32.76M. Independent Bank revenue was $35.36M and Independent Bank operating cash flow was $23.98M. 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. 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3
Cash88.78M121.54M69.59M154.88M97.64M118.22M69.17M113.12M87.57M80.09M
Marketable Securities0.41M0.15M0.21M0.13M0.14M0.22M0.18M0.21M0.2M0.53M
Receivables1.61B1.61B1.58B1.54B1.52B1.47B1.45B1.42B1.41B1.4B
Inventory35.94M38M31.71M28.01M27.86M25.46M30.51M30.93M23.66M22.83M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Independent Bank Total Current Assets
1.74B1.77B1.69B1.73B1.64B1.61B1.55B1.57B1.52B1.5B
Property Plant & Equipment142.23M---152.63M---154.19M-
Accumulated Depreciation102.05M---109.52M---108.25M-
Independent Bank Net Property Plant & Equipment
40.17M40.37M41.04M42.08M43.1M43.35M44.17M45.22M45.94M46.22M
Investment & Advances626.15M618.61M614.98M605.1M600.95M619.94M572.84M591.81M553.09M556.51M
Other Non-Current Assets5M4.98M5.57M6.67M7.15M3.85M4.47M5.66M6.45M9.37M
Deferred Charges32.81M32.15M35.25M37.16M39.63M41.42M44.15M46.19M48.63M50.33M
Intangibles15.6M13.06M12.43M13.17M14.71M13.99M14.98M13.85M14.73M15.94M
Deposits & Other Assets89.66M56.38M58.02M57.86M61.63M61.42M61.57M61.2M60.86M60.09M
Independent Bank Total Assets
2.55B2.54B2.45B2.49B2.41B2.39B2.29B2.33B2.25B2.24B
Notes Payable--------0.75M54.45M
Accounts Payable2.23B2.21B2.13B2.16B2.09B2.06B1.96B2B1.93B1.9B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses28.53M32.82M29.04M44.1M23.69M31.33M22.96M24.84M24.04M27.15M
Income Taxes Payable----------
Other Current Liabilities----------
Independent Bank Total Current Liabilities
2.25B2.24B2.16B2.2B2.11B2.09B1.99B2.03B1.95B1.93B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt45M47.09M47.36M47.52M47.52M47.63M47.89M48.03M48.03M66.95M
Non-Current Capital Leases----------
Other Long-Term Liabilities0.71M---------
Independent Bank Total Liabilities
2.3B2.29B2.21B2.25B2.16B2.14B2.03B2.08B2B1.99B
Minority Interest----------
Preferred Stock----------
Common Stock Net323.74M323.3M324.26M324.32M339.46M343.6M349.58M351.88M352.46M352.12M
Capital Surplus----------
Retained Earnings-65.65M-69.38M-74.06M-79.98M-82.33M-86.12M-89.81M-94.05M-96.45M-98.97M
Treasury Stock----------
Other Liabilities-9.1M-3.01M-3.28M-4.79M-6.03M-4.49M-5.39M-4.2M-5.63M-6.08M
Independent Bank Shareholders Equity
248.98M250.9M246.92M239.54M251.09M252.98M254.37M253.62M250.37M247.06M
Independent Bank Total Liabilities & Shareholders Equity
2.55B2.54B2.45B2.49B2.41B2.39B2.29B2.33B2.25B2.24B
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: An asset is a resource that a corporation like Independent Bank owns and has monetary significance. IBCP assets grew from $2.54B in 2016-Q3 to $2.55B in 2016-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: The total liabilities of Independent Bank for 2016-Q4 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
0.77
Debt to Equity ratio
0.18
Asset Turnover
ratio
0.06
receivables turnover
ratio
0.08
PB ratio (
price to book ratio
)
1.9150