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/IBCP
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Independent Bank Corp (Michigan)

Independent Bank Corp (Michigan)

IBCP
$37.07USD-0.22%-0.08 today

MARKET CAP

822.9M

P/E (TTM)

11.3x

FWD P/E

DAY RANGE

$37 – $38

52W RANGE

$30
$39
STATEMENT·Income statement
USD · GAAP
METRICFY 2021FY 2022FY 2023FY 2024FY 2025TREND
Sales, Adj.$214.7M$230.9M$290.4M$323.1M$315.4M
YoY %-2.7%+7.5%+25.7%+11.3%-2.4%
P / Sales2.4x2.2x1.9x2.3x2.2x
EV / Sales22.2x22.1x18.4x17.2x17.9x
Gross Profit, Adj.$206.4M$211.5M$207.0M$222.6M$225.7M
YoY %+1.0%+2.5%-2.1%+7.5%+1.4%
Margin %96.1%91.6%71.3%68.9%71.6%
EV / Gross Profit23.1x24.1x25.8x25.0x25.0x
EBITDA, Adj.$77.3M$77.8M$73.7M$83.0M$81.3M
YoY %+11.3%+0.6%-5.3%+12.7%-2.1%
Margin %36.0%33.7%25.4%25.7%25.8%
EV / EBITDA61.8x65.5x72.4x67.0x69.3x
EBIT$77.3M$77.8M$73.7M$83.0M$81.3M
YoY %+11.3%+0.6%-5.3%+12.7%-2.1%
Margin %36.0%33.7%25.4%25.7%25.8%
EV / EBIT61.8x65.5x72.4x67.0x69.3x
Net Income$62.9M$63.4M$59.1M$66.8M$68.5M
YoY %+12.0%+0.7%-6.8%+13.1%+2.6%
Net Margin29.3%27.4%20.3%20.7%21.7%
EPS (GAAP)$2.88$2.97$2.79$3.16$3.27
YoY %+13.8%+3.1%-6.1%+13.3%+3.5%