Independent Bank Balance Sheet - Quarterly (NASDAQ:IBCP)

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$25.6 $0.2 (0.79%) IBCP stock closing price Jul 18, 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 2018 Q1 shows cash on hand of $44.11M. 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 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Cash44.11M57.47M51.09M65.1M75.16M88.78M121.54M69.59M154.88M97.64M
Marketable Securities----------
Receivables2.08B2.03B1.96B1.82B1.68B1.61B1.61B1.58B1.54B1.52B
Inventory34.14M39.43M47.61M45.69M37.61M35.94M38M31.71M28.01M27.86M
Raw Materials----------
Work In Progress----------
Finished Goods----------
Notes Receivable----------
Other Current Assets----------
Total Current Assets
2.16B2.12B2.06B1.93B1.79B1.74B1.77B1.69B1.73B1.64B
Property Plant & Equipment-141.23M---142.23M---152.63M
Accumulated Depreciation-102.08M---102.05M---109.52M
Net Property Plant & Equipment
38.8M39.14M38.77M39.35M39.5M40.17M40.37M41.04M42.08M43.1M
Investment & Advances504.96M538.46M564.4M599.26M624.5M626.15M618.61M614.98M605.1M600.95M
Other Non-Current Assets1.64M1.64M2.15M2.36M5.25M5M4.98M5.57M6.67M7.15M
Deferred Charges13.71M15.08M22.43M25.2M28.95M32.81M32.15M35.25M37.16M39.63M
Intangibles19.28M17.28M16.34M16.27M16.57M15.6M13.06M12.43M13.17M14.71M
Deposits & Other Assets54.35M54.57M54.28M56.09M90.73M89.66M56.38M58.02M57.86M61.63M
Total Assets
2.79B2.79B2.75B2.67B2.6B2.55B2.54B2.45B2.49B2.41B
Notes Payable----------
Accounts Payable2.43B2.4B2.34B2.25B2.26B2.23B2.21B2.13B2.16B2.09B
Current Portion Long-Term Debt----------
Current Portion Capital Leases----------
Accrued Expenses31.38M33.71M30.55M35.6M31.51M28.53M32.82M29.04M44.1M23.69M
Income Taxes Payable----------
Other Current Liabilities----------
Total Current Liabilities
2.46B2.43B2.38B2.28B2.29B2.25B2.24B2.16B2.2B2.11B
Mortgages----------
Deferred Taxes/Income----------
Convertible Debt----------
Long-Term Debt63.41M90.16M108.41M121.09M45M45M47.09M47.36M47.52M47.52M
Non-Current Capital Leases----------
Other Long-Term Liabilities----1.43M-----
Total Liabilities
2.53B2.52B2.49B2.4B2.34B2.3B2.29B2.21B2.25B2.16B
Minority Interest----------
Preferred Stock----------
Common Stock Net324.51M324.98M324.6M324.23M323.77M323.74M323.3M324.26M324.32M339.46M
Capital Surplus----------
Retained Earnings-48.09M-54.05M-53.24M-57.96M-61.76M-65.65M-69.38M-74.06M-79.98M-82.33M
Treasury Stock----------
Other Liabilities-8.5M-5.99M-3.65M-3.81M-6.53M-9.1M-3.01M-3.28M-4.79M-6.03M
Shareholders Equity267.91M264.93M267.71M262.45M255.47M248.98M250.9M246.92M239.54M251.09M
Total Liabilities & Shareholders Equity2.79B2.79B2.75B2.67B2.6B2.55B2.54B2.45B2.49B2.41B
All figures in USD. M: Millions of USD, B: Billions of USD.
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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 decreased from $2.79B in 2017 Q4 to $2.79B in 2018 Q1. 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 $2.53B. 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
0.88
Debt to equity ratio
0.24
Asset turnover ratio
0.06
Receivables turnover
0.08
Price to book ratio
2.08

Quarterly Balance Sheets For Independent Bank Corporation(MI) Peers

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