Independent Bank Corporation (IBCP): Price and Financial Metrics

IBCP POWR Grades

• IBCP scores best on the Stability dimension, with a Stability rank ahead of 82.51% of US stocks.
• The strongest trend for IBCP is in Sentiment, which has been heading up over the past 179 days.
• IBCP's current lowest rank is in the Growth metric (where it is better than 34.1% of US stocks).

IBCP Stock Summary

• IBCP's one year PEG ratio, measuring expected growth in earnings next year relative to current common stock price is 552.43 -- higher than 94.74% of US-listed equities with positive expected earnings growth.
• INDEPENDENT BANK CORP's stock had its IPO on January 1, 1986, making it an older stock than 93.16% of US equities in our set.
• IBCP's equity multiplier -- a measure of assets relative to shareholders'equity -- is greater than that of 95.16% of US stocks.
• Stocks with similar financial metrics, market capitalization, and price volatility to INDEPENDENT BANK CORP are FLO, CRD.A, ICFI, HWC, and FMBH.
• Visit IBCP's SEC page to see the company's official filings. To visit the company's web site, go to www.independentbank.com.

IBCP Valuation Summary

• IBCP's EV/EBIT ratio is 5.9; this is 47.79% lower than that of the median Financial Services stock.
• IBCP's price/earnings ratio has moved down 7 over the prior 243 months.

Below are key valuation metrics over time for IBCP.

IBCP Growth Metrics

Its year over year revenue growth rate is now at -4.61%.
• The 4 year cash and equivalents growth rate now stands at 0.67%.
• Its 5 year revenue growth rate is now at 29.16%.

Over the past 33 months, IBCP's revenue has gone up $35,382,000.

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
2022-09-30	204.875	149.61	60.773
2022-06-30	205.419	104.681	59.438
2022-03-31	204.694	113.66	58.825
2021-12-31	208.336	110.154	62.895
2021-09-30	212.687	75.847	67.373
2021-06-30	216.532	80.818	70.995

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 39.39% of graded US stocks.
• IBCP's asset turnover comes in at 0.05 -- ranking 91st of 428 Banking stocks.
• FFIC, MVBF, and FNMA are the stocks whose asset turnover ratios are most correlated with IBCP.

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