Independent Bank Revenue, Profits - IBCP Annual Income Statement

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$20.65 $0.1 (0.48%) IBCP stock closing price Sep 22, 2017 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to the Independent Bank stock price. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. The income statement is generated for a specific period of time, typically a year or a quarter. The revenue increase of $128.82M for 2016 impacts the IBCP stock. Investors typically check year over year or quarter over quarter revenue growth. The Independent Bank profit and loss statement for 2016 shows a profit of $22.76M. Profits have grown from $20.01M YoY. Apart from this an investor should also check Independent Bank assets and Independent Bank free cash flow. Independent Bank revenue for 2016 is 128.82M. View revenue and profit details for latest and last 10 financial years.

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Quarterly
Annual
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Fiscal year is Jan - Dec.2016201520142013201220112010200920082007
Independent Bank Net Sales or Revenues
128.82M120.97M119.33M131.95M162.96M161.67M220.66M247.71M233.45M270.39M
Cost Of Goods Sold (COGS)4.94M4M4.96M5.7M8.91M15.25M28.16M35.4M46.69M89.06M
Independent Bank Gross Profit
123.88M116.96M114.36M126.24M154.05M146.41M192.5M212.31M186.76M181.33M
Research & Development Expense----------
Selling General & Admin Expense89.03M85.73M86.81M100.13M122.76M161.89M201.76M273.88M198.45M158.54M
Income Before Depreciation Depletion Amortization34.84M31.22M27.54M26.11M31.28M-15.47M-9.26M-61.57M-11.69M22.79M
Depreciation Depletion Amortization-------16.73M50.02M-
Non Operating Income-----0.86M-----0.34M
Interest Expense1.94M1.84M2.33M3.45M4.23M4.93M9.03M15.12M26.89M13.6M
Independent Bank Pretax Income
32.9M29.38M25.21M22.65M26.19M-20.41M-18.29M-93.43M-88.6M8.85M
Provision for Income Taxes10.13M9.36M7.19M-54.85M--0.21M-1.59M-3.21M3.06M-1.1M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations22.76M20.01M18.02M77.5M26.19M-20.2M-16.7M-90.22M-91.66M9.95M
Extraordinary Items & Discontinued Operations---------0.4M
Independent Bank Net Income (Profit/Loss)
22.76M20.01M18.02M77.5M26.19M-20.2M-16.7M-90.22M-91.66M10.35M
Average Shares used to compute Diluted EPS21.48M23.18M23.47M21.86M32.89M8.28M5.09M2.39M2.28M2.28M
Average Shares used to compute Basic EPS21.48M22.72M22.93M13.97M8.71M8.28M5.09M2.39M2.27M2.26M
Income Before Nonrecurring Items22.77M20.02M18.02M22.61M26.2M-20.2M-16.71M-73.5M-10.26M9.96M
Income from Nonrecurring Items---54.9M----16.73M-77.71M-
Independent Bank Earnings Per Share Basic Net
1.060.880.795.872.51-2.94-4.09-39.60-38.804.60
Independent Bank Earnings Per Share Diluted Net
1.050.860.773.550.80-2.94-4.09-39.60-38.804.50
EPS Diluted Before Nonrecurring Items1.050.860.771.040.80-2.94-4.09-32.70-4.604.40
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.340.260.18----0.303.508.30
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Independent Bank stock analysis. It helps to look at the following income statement items:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that IBCP stock has a topline or revenue of $128.82M for 2016 as per this Independent Bank revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $128.82M - other expenses = $22.76M for IBCP stock. An improving bottomline implies that the company is growing its profits.
The income statement is also called the profit and loss statement. Apart from the IBCP income statement, one can check the Independent Bank historical stock prices to check how the price has moved with time .

Independent Bank Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
18.44
PS Ratio (price sales ratio)
3.23
Operating Margin
26.9
Net Profit Margin
17.5
Dividend Yield
1.84%