Independent Bank Past Earnings Performance
Past criteria checks 4/6
Independent Bank has been growing earnings at an average annual rate of 7.4%, while the Banks industry saw earnings growing at 9.7% annually. Revenues have been growing at an average rate of 5% per year. Independent Bank's return on equity is 14.9%, and it has net margins of 30.1%.
Key information
7.4%
Earnings growth rate
9.6%
EPS growth rate
| Banks Industry Growth | 11.2% |
| Revenue growth rate | 5.0% |
| Return on equity | 14.9% |
| Net Margin | 30.1% |
| Last Earnings Update | 31 Mar 2024 |
Recent past performance updates
Recent updates
Independent Bank's (NASDAQ:IBCP) Dividend Will Be $0.24
Apr 26
Independent 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 25Independent Bank (NASDAQ:IBCP) Could Be A Buy For Its Upcoming Dividend
Jan 30Independent Bank Corporation 2020 Q4 - Results - Earnings Call Presentation
Jan 29The Attractive Combination That Could Earn Independent Bank Corporation (NASDAQ:IBCP) A Place In Your Dividend Portfolio
Jan 20Independent Bank announces 2021 share repurchase plan
Dec 22Here's What Independent Bank Corporation's (NASDAQ:IBCP) Shareholder Ownership Structure Looks Like
Dec 16Independent Bank: Gradual Normalization Of Mortgage Banking Revenue Likely To Hurt Earnings
Nov 22Revenue & Expenses BreakdownBeta
How Independent Bank makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Mar 24 | 206 | 62 | 111 | 0 |
| 31 Dec 23 | 201 | 59 | 109 | 0 |
| 30 Sep 23 | 202 | 60 | 110 | 0 |
| 30 Jun 23 | 202 | 60 | 111 | 0 |
| 31 Mar 23 | 199 | 58 | 111 | 0 |
| 31 Dec 22 | 206 | 63 | 111 | 0 |
| 30 Sep 22 | 205 | 61 | 111 | 0 |
| 30 Jun 22 | 205 | 59 | 113 | 0 |
| 31 Mar 22 | 205 | 59 | 113 | 0 |
| 31 Dec 21 | 208 | 63 | 111 | 0 |
| 30 Sep 21 | 213 | 67 | 110 | 0 |
| 30 Jun 21 | 217 | 71 | 110 | 0 |
| 31 Mar 21 | 215 | 73 | 106 | 0 |
| 31 Dec 20 | 192 | 56 | 104 | 0 |
| 30 Sep 20 | 185 | 53 | 102 | 0 |
| 30 Jun 20 | 170 | 46 | 97 | 0 |
| 31 Mar 20 | 164 | 42 | 97 | 0 |
| 31 Dec 19 | 169 | 46 | 97 | 0 |
| 30 Sep 19 | 162 | 42 | 94 | 0 |
| 30 Jun 19 | 160 | 42 | 93 | 0 |
| 31 Mar 19 | 161 | 40 | 93 | 0 |
| 31 Dec 18 | 157 | 40 | 90 | 0 |
| 30 Sep 18 | 152 | 32 | 88 | 0 |
| 30 Jun 18 | 143 | 27 | 85 | 0 |
| 31 Mar 18 | 134 | 24 | 81 | 0 |
| 31 Dec 17 | 131 | 20 | 81 | 0 |
| 30 Sep 17 | 127 | 25 | 80 | 0 |
| 30 Jun 17 | 126 | 24 | 80 | 0 |
| 31 Mar 17 | 125 | 25 | 78 | 0 |
| 31 Dec 16 | 122 | 23 | 76 | 0 |
| 30 Sep 16 | 121 | 22 | 76 | 0 |
| 30 Jun 16 | 119 | 21 | 76 | 0 |
| 31 Mar 16 | 117 | 20 | 76 | 0 |
| 31 Dec 15 | 116 | 20 | 75 | 0 |
| 30 Sep 15 | 115 | 18 | 75 | 0 |
| 30 Jun 15 | 115 | 18 | 75 | 0 |
| 31 Mar 15 | 117 | 19 | 75 | 0 |
| 31 Dec 14 | 116 | 18 | 75 | 0 |
| 30 Sep 14 | 115 | 19 | 75 | 0 |
| 30 Jun 14 | 116 | 24 | 76 | 0 |
| 31 Mar 14 | 120 | 80 | 77 | 0 |
| 31 Dec 13 | 124 | 82 | 77 | 0 |
| 30 Sep 13 | 131 | 88 | 80 | 0 |
| 30 Jun 13 | 137 | 83 | 82 | 0 |
Quality Earnings: IBCP has high quality earnings.
Growing Profit Margin: IBCP's current net profit margins (30.1%) are higher than last year (29.3%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: IBCP's earnings have grown by 7.4% per year over the past 5 years.
Accelerating Growth: IBCP's earnings growth over the past year (6.3%) is below its 5-year average (7.4% per year).
Earnings vs Industry: IBCP earnings growth over the past year (6.3%) exceeded the Banks industry -12.4%.
Return on Equity
High ROE: IBCP's Return on Equity (14.9%) is considered low.