Independent Bank Corporation (IBCP): Price and Financial Metrics

IBCP POWR Grades

• Value is the dimension where IBCP ranks best; there it ranks ahead of 88.35% of US stocks.
• IBCP's strongest trending metric is Growth; it's been moving down over the last 48 weeks.
• IBCP's current lowest rank is in the Sentiment metric (where it is better than 6.98% of US stocks).

IBCP Stock Summary

• IBCP's went public 35.75 years ago, making it older than 92.65% of listed US stocks we're tracking.
• IBCP's current price/earnings ratio is 6.35, which is higher than just 9.27% of US stocks with positive earnings.
• Equity multiplier, or assets relative to shareholders' equity, comes in at 11.17 for Independent Bank Corp; that's greater than it is for 93.64% of US stocks.
• Stocks that are quantitatively similar to IBCP, based on their financial statements, market capitalization, and price volatility, are OPBK, FISI, MCBC, HMNF, and FFWM.
• IBCP's SEC filings can be seen here. And to visit Independent Bank Corp's official web site, go to www.independentbank.com.

IBCP Valuation Summary

• IBCP's price/sales ratio is 2.1; this is 75% higher than that of the median Financial Services stock.
• Over the past 243 months, IBCP's EV/EBIT ratio has gone down 10.5.
• IBCP's price/sales ratio has moved up 0.3 over the prior 243 months.

Below are key valuation metrics over time for IBCP.

IBCP Growth Metrics

• The 3 year price growth rate now stands at 48.14%.
• Its year over year revenue growth rate is now at 30.5%.
• The 2 year cash and equivalents growth rate now stands at 65.87%.

IBCP's revenue has moved up $52,103,000 over the prior 15 months.

The table below shows IBCP's growth in key financial areas (numbers in millions of US dollars).

Date	Revenue	Operating Cash Flow	Net Income to Common Stock
2021-06-30	216.532	80.818	70.995
2021-03-31	214.584	70.956	73.379
2020-12-31	191.894	58.173	56.152
2020-09-30	184.645	66.158	53.045
2020-06-30	170.061	63.996	45.906
2020-03-31	164.429	46.131	41.864

IBCP's Quality Factors

The “Quality” component of the POWR Ratings focuses on 31 different factors of a companies fundamentals and operational strength. Here are some key insights as we drill into the specifics of these quality attributes.

• IBCP has a Quality Grade of C, ranking ahead of 39.28% of graded US stocks.
• IBCP's asset turnover comes in at 0.05 -- ranking 91st of 437 Banking stocks.
• FFIC, BANC, and SBFG are the stocks whose asset turnover ratios are most correlated with IBCP.

The table below shows IBCP's key quality metrics over time.