Trade Independent Bank Corp - IBCP CFD
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- Historical Data
- Events
- Income Statement
- Balance Sheet
- Cash Flow
Spread | 0.13 | ||||||||
Long position overnight fee
Long position overnight fee
Go to platform | -0.026179% | ||||||||
Short position overnight fee
Short position overnight fee
Go to platform | 0.003957% | ||||||||
Overnight fee time | 21:00 (UTC) | ||||||||
Min traded quantity | 1 | ||||||||
Currency | USD | ||||||||
Margin | 5% | ||||||||
Stock exchange | United States of America | ||||||||
Commission on trade | 0% |
*Information provided by Capital.com
Independent Bank Corp (Michigan) ESG Risk Ratings
‘C’ score indicates satisfactory relative ESG performance and moderate degree of transparency in reporting material ESG data publicly.
Prev. Close* | 24.95 |
Open* | 24.85 |
1-Year Change* | 41.68% |
Day's Range* | 24.7 - 25.24 |
52 wk Range | 14.90-26.99 |
Average Volume (10 days) | 80.76K |
Average Volume (3 months) | 1.54M |
Market Cap | 524.34M |
P/E Ratio | 8.84 |
Shares Outstanding | 20.84M |
Revenue | 225.29M |
EPS | 2.85 |
Dividend (Yield %) | 3.6566 |
Beta | 0.99 |
Next Earnings Date | Jan 25, 2024 |
All data is provided by Refinitiv, except for data marked with an asterisk, which is *data provided by Capital.com
- Last Week
- Last Month
- Last Year
- Last two Years
- Max
- Daily
- Weekly
- Monthly
Date | Close | Change | Change (%) | Open | High | Low |
---|---|---|---|---|---|---|
Mar 28, 2024 | 25.23 | 1.05 | 4.34% | 24.18 | 25.33 | 24.02 |
Mar 27, 2024 | 24.95 | 1.38 | 5.85% | 23.57 | 24.96 | 23.57 |
Mar 26, 2024 | 24.09 | 0.31 | 1.30% | 23.78 | 24.39 | 23.78 |
Mar 25, 2024 | 24.32 | 0.21 | 0.87% | 24.11 | 24.53 | 24.10 |
Mar 22, 2024 | 24.18 | 0.21 | 0.88% | 23.97 | 24.59 | 23.97 |
Mar 21, 2024 | 24.60 | 0.18 | 0.74% | 24.42 | 24.81 | 24.41 |
Mar 20, 2024 | 24.41 | 1.18 | 5.08% | 23.23 | 24.66 | 23.13 |
Mar 19, 2024 | 23.50 | -0.01 | -0.04% | 23.51 | 23.71 | 23.25 |
Mar 18, 2024 | 23.47 | 0.21 | 0.90% | 23.26 | 23.81 | 23.26 |
Mar 15, 2024 | 23.87 | 0.48 | 2.05% | 23.39 | 24.00 | 23.39 |
Mar 14, 2024 | 23.50 | 0.05 | 0.21% | 23.45 | 24.03 | 23.37 |
Mar 13, 2024 | 24.16 | 0.21 | 0.88% | 23.95 | 24.50 | 23.95 |
Mar 12, 2024 | 24.26 | 0.75 | 3.19% | 23.51 | 24.38 | 23.51 |
Mar 11, 2024 | 24.40 | 0.48 | 2.01% | 23.92 | 24.60 | 23.91 |
Mar 8, 2024 | 24.59 | 0.51 | 2.12% | 24.08 | 25.12 | 24.08 |
Mar 7, 2024 | 24.69 | 0.49 | 2.02% | 24.20 | 25.14 | 24.20 |
Mar 6, 2024 | 24.63 | 0.89 | 3.75% | 23.74 | 24.97 | 23.74 |
Mar 5, 2024 | 24.61 | 0.75 | 3.14% | 23.86 | 24.73 | 23.86 |
Mar 4, 2024 | 24.19 | 0.46 | 1.94% | 23.73 | 24.84 | 23.65 |
Mar 1, 2024 | 24.28 | 0.58 | 2.45% | 23.70 | 24.32 | 23.52 |
Independent Bank Corp Events
Time (UTC) | Country | Event |
---|---|---|
Wednesday, April 24, 2024 | ||
Time (UTC) 19:00 | Country US
| Event Independent Bank Corp (Michigan) Annual Shareholders Meeting Independent Bank Corp (Michigan) Annual Shareholders MeetingForecast -Previous - |
Thursday, April 25, 2024 | ||
Time (UTC) 12:00 | Country US
| Event Q1 2024 Independent Bank Corp (Michigan) Earnings Release Q1 2024 Independent Bank Corp (Michigan) Earnings ReleaseForecast -Previous - |
- Annual
- Quarterly
2022 | 2021 | 2020 | 2019 | 2018 | |
---|---|---|---|---|---|
Net Income Before Taxes | 77.788 | 77.313 | 69.481 | 57.76 | 49.133 |
Net Income After Taxes | 63.351 | 62.895 | 56.152 | 46.435 | 39.839 |
Net Income Before Extra. Items | 63.351 | 62.895 | 56.152 | 46.435 | 39.839 |
Net Income | 63.351 | 62.895 | 56.152 | 46.435 | 39.839 |
Income Available to Common Excl. Extra. Items | 63.351 | 62.895 | 56.152 | 46.435 | 39.839 |
Income Available to Common Incl. Extra. Items | 63.351 | 62.895 | 56.152 | 46.435 | 39.839 |
Diluted Net Income | 63.351 | 62.895 | 56.152 | 46.435 | 39.839 |
Diluted Weighted Average Shares | 21.296 | 21.807 | 22.221 | 23.183 | 23.769 |
Diluted EPS Excluding Extraordinary Items | 2.97478 | 2.88417 | 2.52698 | 2.00298 | 1.67609 |
Dividends per Share - Common Stock Primary Issue | 0.88 | 0.84 | 0.8 | 0.72 | 0.6 |
Diluted Normalized EPS | 2.97478 | 2.88417 | 2.98025 | 2.00298 | 1.79429 |
Interest Income, Bank | 169.008 | 138.08 | 139.829 | 148.928 | 130.773 |
Total Interest Expense | 19.447 | 8.315 | 16.217 | 26.347 | 17.491 |
Net Interest Income | 149.561 | 129.765 | 123.612 | 122.581 | 113.282 |
Loan Loss Provision | 5.341 | -1.928 | 0.824 | 1.503 | |
Net Interest Income after Loan Loss Provision | 144.22 | 131.693 | 123.612 | 121.757 | 111.779 |
Non-Interest Income, Bank | 61.61 | 76.261 | 80.35 | 47.736 | 44.815 |
Non-Interest Expense, Bank | -128.042 | -130.641 | -134.481 | -111.733 | -107.461 |
Total Extraordinary Items |
Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | |
---|---|---|---|---|---|
Net Income Before Taxes | 21.652 | 18.202 | 15.875 | 18.589 | 21.247 |
Net Income After Taxes | 17.543 | 14.79 | 12.991 | 15.086 | 17.297 |
Net Income Before Extra. Items | 17.543 | 14.79 | 12.991 | 15.086 | 17.297 |
Net Income | 17.543 | 14.79 | 12.991 | 15.086 | 17.297 |
Income Available to Common Excl. Extra. Items | 17.543 | 14.79 | 12.991 | 15.086 | 17.297 |
Income Available to Common Incl. Extra. Items | 17.543 | 14.79 | 12.991 | 15.086 | 17.297 |
Diluted Net Income | 17.543 | 14.79 | 12.991 | 15.086 | 17.297 |
Diluted Weighted Average Shares | 21.1362 | 21.223 | 21.297 | 21.266 | 21.252 |
Diluted EPS Excluding Extraordinary Items | 0.83 | 0.69689 | 0.60999 | 0.7094 | 0.8139 |
Dividends per Share - Common Stock Primary Issue | 0.23 | 0.23 | 0.23 | 0.22 | 0.22 |
Diluted Normalized EPS | 0.83 | 0.69689 | 0.60999 | 0.7094 | 0.8139 |
Interest Income, Bank | 62.432 | 57.948 | 53.936 | 50.978 | 44.925 |
Total Interest Expense | 23.005 | 19.598 | 15.495 | 10.376 | 5.028 |
Net Interest Income | 39.427 | 38.35 | 38.441 | 40.602 | 39.897 |
Loan Loss Provision | 1.35 | 3.317 | 2.16 | 1.39 | 3.145 |
Net Interest Income after Loan Loss Provision | 38.077 | 35.033 | 36.281 | 39.212 | 36.752 |
Non-Interest Income, Bank | 15.611 | 15.358 | 10.488 | 11.401 | 16.786 |
Non-Interest Expense, Bank | -32.036 | -32.189 | -30.894 | -32.024 | -32.291 |
- Annual
- Quarterly
2022 | 2021 | 2020 | 2019 | 2018 | |
---|---|---|---|---|---|
Total Assets | 4999.79 | 4704.74 | 4204.01 | 3564.69 | 3353.28 |
Property/Plant/Equipment, Total - Net | 41.437 | 42.885 | 43.773 | 46.693 | 38.777 |
Property/Plant/Equipment, Total - Gross | 159.457 | 157.491 | 154.479 | 154.317 | 143.267 |
Accumulated Depreciation, Total | -118.02 | -114.606 | -110.706 | -107.624 | -104.49 |
Intangibles, Net | 45.04 | 29.568 | 21.21 | 24.497 | 27.815 |
Other Long Term Assets, Total | 4.345 | 2.072 | 5.779 | ||
Other Assets, Total | 179.019 | 110.838 | 110.756 | 92.044 | 91.237 |
Accrued Expenses | 108.023 | 80.208 | 68.319 | 49.696 | 35.771 |
Total Liabilities | 4652.19 | 4306.26 | 3814.49 | 3214.52 | 3014.29 |
Total Long Term Debt | 79.099 | 78.958 | 78.817 | 39.462 | 39.392 |
Long Term Debt | 79.099 | 78.958 | 78.817 | 39.462 | 39.392 |
Other Liabilities, Total | |||||
Total Equity | 347.596 | 398.484 | 389.522 | 350.169 | 338.994 |
Preferred Stock - Non Redeemable, Net | 0 | 0 | 0 | ||
Common Stock | 320.991 | 323.401 | 339.353 | 352.344 | 377.372 |
Retained Earnings (Accumulated Deficit) | 119.368 | 74.582 | 40.145 | 1.611 | -28.27 |
Unrealized Gain (Loss) | -92.763 | 0.501 | 10.024 | -2.059 | -9.983 |
Total Liabilities & Shareholders’ Equity | 4999.79 | 4704.74 | 4204.01 | 3564.69 | 3353.28 |
Total Common Shares Outstanding | 21.064 | 21.171 | 21.8538 | 22.4816 | 23.5797 |
Other Equity, Total | -1.727 | -0.125 | |||
Goodwill, Net | 28.3 | 28.3 | 28.3 | 28.3 | 28.3 |
Sep 2023 | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 | |
---|---|---|---|---|---|
Total Assets | 5200.02 | 5135.56 | 5138.93 | 4999.79 | 4931.38 |
Property/Plant/Equipment, Total - Net | 40.577 | 41.052 | 40.783 | 41.437 | 41.793 |
Goodwill, Net | 28.3 | 28.3 | 28.3 | 28.3 | 28.3 |
Intangibles, Net | 48.198 | 46.705 | 44.338 | 45.04 | 45.855 |
Other Assets, Total | 195.151 | 182.061 | 167.544 | 179.019 | 175.636 |
Accrued Expenses | 110.192 | 103.585 | 97.313 | 108.023 | 106.277 |
Total Liabilities | 4825.02 | 4760.4 | 4771.22 | 4652.19 | 4599.07 |
Total Long Term Debt | 79.216 | 79.181 | 79.158 | 79.099 | 79.064 |
Long Term Debt | 79.216 | 79.181 | 79.158 | 79.099 | 79.064 |
Total Equity | 374.998 | 375.162 | 367.714 | 347.596 | 332.308 |
Preferred Stock - Non Redeemable, Net | 0 | 0 | 0 | 0 | 0 |
Common Stock | 317.145 | 318.241 | 321.026 | 320.991 | 320.437 |
Retained Earnings (Accumulated Deficit) | 150.157 | 137.431 | 127.499 | 119.368 | 108.916 |
Unrealized Gain (Loss) | -92.304 | -80.51 | -80.811 | -92.763 | -97.045 |
Total Liabilities & Shareholders’ Equity | 5200.02 | 5135.56 | 5138.93 | 4999.79 | 4931.38 |
Total Common Shares Outstanding | 20.8505 | 20.9437 | 21.1383 | 21.064 | 21.0639 |
- Annual
- Quarterly
2022 | 2021 | 2020 | 2019 | 2018 | |
---|---|---|---|---|---|
Net income/Starting Line | 63.351 | 62.895 | 56.152 | 46.435 | 39.839 |
Cash From Operating Activities | 94.632 | 110.154 | 58.684 | 34.492 | 44.921 |
Cash From Operating Activities | 10.827 | 12.13 | 9.161 | 6.059 | 6.033 |
Deferred Taxes | -0.359 | 1.912 | -2.13 | 1.088 | 9.294 |
Non-Cash Items | -2.012 | -5.91 | 3.666 | -1.082 | -2.313 |
Cash Taxes Paid | 10.04 | 14.059 | 15.5 | 9.534 | 0.12 |
Cash Interest Paid | 17.657 | 8.419 | 16.912 | 26.697 | 16.737 |
Changes in Working Capital | 22.825 | 39.127 | -8.165 | -18.008 | -7.932 |
Cash From Investing Activities | -424.592 | -563.064 | -553.908 | -182.154 | -183.367 |
Capital Expenditures | -5.679 | -5.837 | -4.383 | -4.936 | -3.862 |
Other Investing Cash Flow Items, Total | -418.913 | -557.227 | -549.525 | -177.218 | -179.505 |
Cash From Financing Activities | 294.858 | 443.678 | 548.625 | 142.722 | 153.952 |
Financing Cash Flow Items | 256.359 | 479.044 | 566.217 | 160.274 | 187.021 |
Total Cash Dividends Paid | -18.565 | -18.155 | -17.618 | -16.554 | -14.055 |
Issuance (Retirement) of Stock, Net | -3.933 | -17.208 | -14.216 | -26 | -12.414 |
Issuance (Retirement) of Debt, Net | 60.997 | -0.003 | 14.242 | 25.002 | -6.6 |
Net Change in Cash | -35.102 | -9.232 | 53.401 | -4.94 | 15.506 |
Mar 2023 | Dec 2022 | Sep 2022 | Jun 2022 | Mar 2022 | |
---|---|---|---|---|---|
Net income/Starting Line | 12.991 | 63.351 | 48.265 | 30.968 | 17.967 |
Cash From Operating Activities | 23.559 | 94.632 | 95.368 | 61.125 | 38.571 |
Cash From Operating Activities | 2.425 | 10.827 | 8.34 | 5.734 | 2.868 |
Deferred Taxes | 1.436 | -0.359 | 1.922 | 2.68 | 2.174 |
Non-Cash Items | 0.729 | -2.012 | -3.31 | -3.814 | -0.603 |
Cash Taxes Paid | 0 | 10.04 | 5.04 | 3.94 | 0 |
Cash Interest Paid | 13.697 | 17.657 | 8.11 | 3.95 | 1.104 |
Changes in Working Capital | 5.978 | 22.825 | 40.151 | 25.557 | 16.165 |
Cash From Investing Activities | 4.78 | -424.592 | -382.361 | -266.226 | -120.03 |
Capital Expenditures | -1.325 | -5.679 | -3.969 | -2.966 | -2.381 |
Other Investing Cash Flow Items, Total | 6.105 | -418.913 | -378.392 | -263.26 | -117.649 |
Cash From Financing Activities | 124.309 | 294.858 | 248.152 | 155.114 | 81.807 |
Financing Cash Flow Items | 190.098 | 256.359 | 229.321 | 167.892 | 87.848 |
Total Cash Dividends Paid | -4.86 | -18.565 | -13.931 | -9.298 | -4.667 |
Issuance (Retirement) of Stock, Net | 0.048 | -3.933 | -3.936 | -3.978 | -1.371 |
Issuance (Retirement) of Debt, Net | -60.977 | 60.997 | 36.698 | 0.498 | -0.003 |
Net Change in Cash | 152.648 | -35.102 | -38.841 | -49.987 | 0.348 |
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Independent Bank Corp Company profile
About Independent Bank Corp (Michigan)
Independent Bank Corporation is a bank holding company. The Company provides banking services to customers located primarily in Michigan’s Lower Peninsula. The Company is engaged in bank transacts business in the single industry of commercial banking. It offers a range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. Its principal markets are the rural and suburban communities across Lower Michigan, which are served by the bank's main office in Grand Rapids, Michigan, and a total of approximately 51 branches. It also has two loan production offices in Columbus and Fairlawn, Ohio. The Company’s many bank's branches provide full-service lobby and drive-thru services, as well as automatic teller machines (ATMs). In addition, it provides Internet and mobile banking capabilities to the customers.
Financial summary
BRIEF: For the fiscal year ended 31 December 2021, Independent Bank Corp (Michigan) interest income decreased 1% to $138.1M. Net interest income after loan loss provision increased 7% to $131.7M. Net income increased 12% to $62.9M. Net interest income after loan loss provision reflects Tax-exempt-Interest on securities increase from $2.9M to $6.1M, Taxable increase of 14% to $14.5M.
Equity composition
Common Stock $10 Par, 5/11, 500M auth., 8,274,057 issd. Insiders own 94.29%. Preferred Stock no Par, 200K auth., Ser. A none issd. Preferred Stock no Par, 200K auth., Ser. B 74,426 issd. 12/10, 1-for-10 reverse split.
Industry: | Banks (NEC) |
4200 E Beltline Ave
GRAND RAPIDS
MICHIGAN 49525
US
Income Statement
- Annual
- Quarterly
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