Independent Bank Revenue, Profits - IBCP Annual Income Statement

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$25.4 $0.3 (1.17%) IBCP stock closing price Jul 17, 2018 (Closing)

IBCP stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Independent Bank stock price. In the income statement, an investor can check for important parameters like the topline or sales, the bottomline or profits, the basic EPS, dividends etc. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from 128.82M to 140.84M and how operating and non operating activities have impacted the IBCP stock. The Independent Bank profit and loss statement for 2017 shows a net profit of $20.47M. Profits for last year was $22.76M. Apart from this an investor should also check Independent Bank assets and Independent Bank free cash flow.

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 - Dec2017201620152014201320122011201020092008
Independent Bank Revenues or Net Sales
140.84M128.82M120.97M119.33M131.95M162.96M161.67M220.66M247.71M233.45M
Cost Of Goods Sold (COGS)6.77M4.94M4M4.96M5.7M8.91M15.25M28.16M35.4M46.69M
Independent Bank Gross Profit
134.06M123.88M116.96M114.36M126.24M154.05M146.41M192.5M212.31M186.76M
Research & Development Expense----------
Selling General & Admin Expense92.99M89.03M85.73M86.81M100.13M122.76M161.89M201.76M273.88M198.45M
Income Before Depreciation Depletion Amortization41.07M34.84M31.22M27.54M26.11M31.28M-15.47M-9.26M-61.57M-11.69M
Depreciation Depletion Amortization--------16.73M50.02M
Non Operating Income------0.86M----
Interest Expense2.34M1.94M1.84M2.33M3.45M4.23M4.93M9.03M15.12M26.89M
Independent Bank Pretax Income
38.43M32.9M29.38M25.21M22.65M26.19M-20.41M-18.29M-93.43M-88.6M
Provision for Income Taxes17.96M10.13M9.36M7.19M-54.85M--0.21M-1.59M-3.21M3.06M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations20.47M22.76M20.01M18.02M77.5M26.19M-20.2M-16.7M-90.22M-91.66M
Extraordinary Items & Discontinued Operations----------
Independent Bank Profit/ Loss (Net Income)
20.47M22.76M20.01M18.02M77.5M26.19M-20.2M-16.7M-90.22M-91.66M
Average Shares used to compute Diluted EPS21.64M21.48M23.18M23.47M21.86M32.89M8.28M5.09M2.39M2.28M
Average Shares used to compute Basic EPS21.31M21.48M22.72M22.93M13.97M8.71M8.28M5.09M2.39M2.27M
Income Before Nonrecurring Items26.44M22.77M20.02M18.02M22.61M26.2M-20.2M-16.71M-73.5M-10.26M
Income from Nonrecurring Items-5.97M---54.9M----16.73M-77.71M
Independent Bank Earnings Per Share Basic Net
0.961.060.880.795.872.51-2.94-4.09-39.60-38.80
Independent Bank Earnings Per Share Diluted Net
0.951.050.860.773.550.80-2.94-4.09-39.60-38.80
EPS Diluted Before Nonrecurring Items1.221.050.860.771.040.80-2.94-4.09-32.70-4.60
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common0.420.340.260.180.000.000.000.000.303.50
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:

  • Topline: A growing topline, as seen from the Independent Bank revenue chart, as is the case with Independent Bank indicates a growing business. One needs to compare the YoY topline or sales growth of IBCP stock with its peers like TAYC stock and MBWM stock to see if the growth compares well with what can be expected from a company in that industry.
  • Bottom line: Most businesses like Independent Bank try to grow their profits by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.

The income statement is also called statement of revenue and expense. The IBCP financials along with Independent Bank historical stock prices provide a lot of details about the firm.

Independent Bank Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
23.3
PS Ratio (price sales ratio)
3.73
Operating Margin
31.2
Net Profit Margin
23.9
Dividend Yield
1.85%