Independent Bank Balance Sheet - Quarterly (NASDAQ:IBCP)

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$24.2 $0.45 (1.83%) IBCP stock closing price Sep 21, 2018 (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. 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 2018 Q2 shows cash on hand of $61.18M. The company has a debt to equity ratio of 0.24.

View and download Independent Bank quarterly results to get the balance sheet details for the latest 40 quarters data.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q22018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q1
Cash61.18M44.11M57.47M51.09M65.1M75.16M88.78M121.54M69.59M154.88M
Marketable Securities----------
Receivables2.48B2.08B2.03B1.96B1.82B1.68B1.61B1.61B1.58B1.54B
Inventory64.13M34.14M39.43M47.61M45.69M37.61M35.94M38M31.71M28.01M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
2.6B2.16B2.12B2.06B1.93B1.79B1.74B1.77B1.69B1.73B
Property Plant & Equipment--141.23M---142.23M---
Accumulated Depreciation--102.08M---102.05M---
Net Property Plant & Equipment
39.66M38.8M39.14M38.77M39.35M39.5M40.17M40.37M41.04M42.08M
Investment & Advances467.25M504.96M538.46M564.4M599.26M624.5M626.15M618.61M614.98M605.1M
Other Non-Current Assets1.68M1.64M1.64M2.15M2.36M5.25M5M4.98M5.57M6.67M
Deferred Charges11.42M13.71M15.08M22.43M25.2M28.95M32.81M32.15M35.25M37.16M
Intangibles57.86M19.28M17.28M16.34M16.27M16.57M15.6M13.06M12.43M13.17M
Deposits & Other Assets54.57M54.35M54.57M54.28M56.09M90.73M89.66M56.38M58.02M57.86M
Total Assets
3.23B2.79B2.79B2.75B2.67B2.6B2.55B2.54B2.45B2.49B
Notes Payable----------
Accounts Payable2.78B2.43B2.4B2.34B2.25B2.26B2.23B2.21B2.13B2.16B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses36.98M31.38M33.71M30.55M35.6M31.51M28.53M32.82M29.04M44.1M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
2.82B2.46B2.43B2.38B2.28B2.29B2.25B2.24B2.16B2.2B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt79.93M63.41M90.16M108.41M121.09M45M45M47.09M47.36M47.52M
Non-Current Capital Leases----------
Other Long-Term Liabilities-----1.43M----
Total Liabilities
2.9B2.53B2.52B2.49B2.4B2.34B2.3B2.29B2.21B2.25B
Minority Interest----------
Preferred Stock----------
Common Stock Net389.19M324.51M324.98M324.6M324.23M323.77M323.74M323.3M324.26M324.32M
Capital Surplus----------
Retained Earnings-42.89M-48.09M-54.05M-53.24M-57.96M-61.76M-65.65M-69.38M-74.06M-79.98M
Treasury Stock----------
Other Liabilities-9.21M-8.5M-5.99M-3.65M-3.81M-6.53M-9.1M-3.01M-3.28M-4.79M
Shareholders Equity337.08M267.91M264.93M267.71M262.45M255.47M248.98M250.9M246.92M239.54M
Total Liabilities & Shareholders Equity3.23B2.79B2.79B2.75B2.67B2.6B2.55B2.54B2.45B2.49B
All figures in USD. M: Millions of USD, B: Billions of USD.
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The latest Independent Bank stock price, and Independent Bank historical stock prices show the stock price movement over time, and the Independent Bank PE ratio chart displays the PE ratio movement. Apart from stock price, one should also look at balance sheet items which mainly comprise of the following:

  • Assets: An asset is a resource that a corporation like Independent Bank owns and has monetary significance. IBCP assets grew from $2.79B in 2018 Q1 to $3.23B in 2018 Q2. 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 the quarter 2018 Q2 total to $2.9B. 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
0.92
Debt to equity ratio
0.24
Asset turnover ratio
0.06
Receivables turnover
0.08
Price to book ratio
2.08