Independent Bank Balance Sheet Health
Financial Health criteria checks 6/6
Independent Bank has total assets of $5.3B and total equity of $452.4M. Total deposits are $4.6B, and total loans are $3.9B. It earns a Net Interest Margin of 3.3%. It has sufficient allowance for bad loans, which are currently at 0.1% of total loans. Cash and short-term investments are $160.3M.
Key information
11.6x
Asset to equity ratio
3.3%
Net interest margin
| Total deposits | US$4.63b |
| Loan to deposit ratio | Appropriate |
| Bad loans | 0.1% |
| Allowance for bad loans | Sufficient |
| Current ratio | Low |
| Cash & equivalents | US$160.33m |
Recent financial health updates
No updates
Recent updates
Independent Bank: Fairly Valued With A Stable Earnings Outlook
Oct 29Independent Bank's (NASDAQ:IBCP) Dividend Will Be $0.24
Oct 26
Independent Bank's (NASDAQ:IBCP) Dividend Will Be $0.24
Apr 26Independent Bank: Earnings Outlook Is Positive But I'm Downgrading To Hold
Feb 29Independent Bank's (NASDAQ:IBCP) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 29Independent Bank (NASDAQ:IBCP) Is Increasing Its Dividend To $0.23
Feb 10Independent Bank declares $0.22 dividend
Oct 18Independent Bank GAAP EPS of $0.61 beats by $0.06, revenue of $50.69M
Jul 26Independent Bank declares $0.22 dividend
Jul 19Independent Bank: Attractively Valued But Earnings Likely To Dip
Jun 22Analyst Forecasts For Independent Bank Corporation (NASDAQ:IBCP) Are Surging Higher
Apr 30Independent Bank: Track Record Of 5 Year 20%+ EPS Growth
Feb 14Independent Bank (NASDAQ:IBCP) Is Increasing Its Dividend To US$0.22
Jan 28Independent Bank (NASDAQ:IBCP) Has Announced A Dividend Of US$0.21
Oct 23Independent Bank: Not Quite Firing On All Cylinders
Aug 10Independent Bank (NASDAQ:IBCP) Has Announced A Dividend Of US$0.21
Jul 30Independent Bank: Attractively Priced With A Positive Earnings Outlook
May 30Independent Bank Corporation 2021 Q1 - Results - Earnings Call Presentation
Apr 27Here's Why Independent Bank Corporation's (NASDAQ:IBCP) CEO Compensation Is The Least Of Shareholders' Concerns
Apr 14Is Now The Time To Put Independent Bank (NASDAQ:IBCP) On Your Watchlist?
Mar 23Shareholders Of Independent Bank (NASDAQ:IBCP) Must Be Happy With Their 69% Return
Feb 25Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: IBCP's Assets to Equity ratio (11.6x) is moderate.
Allowance for Bad Loans: IBCP has a sufficient allowance for bad loans (1116%).
Low Risk Liabilities: 96% of IBCP's liabilities are made up of primarily low risk sources of funding.
Loan Level: IBCP has an appropriate level of Loans to Assets ratio (74%).
Low Risk Deposits: IBCP's Loans to Deposits ratio (84%) is appropriate.
Level of Bad Loans: IBCP has an appropriate level of bad loans (0.1%).