IBCP
$23.2
Revenue | $79.12Mn |
Net Profits | $13.74Mn |
Net Profit Margins | 17.37% |
PE Ratio | 8.29 |
Independent Bank Corp - Mich’s revenue jumped 57.14% since last year same period to $79.12Mn in the Q4 2023. On a quarterly growth basis, Independent Bank Corp - Mich has generated 48.16% jump in its revenue since last 3-months.
Independent Bank Corp - Mich’s net profit fell -8.9% since last year same period to $13.74Mn in the Q4 2023. On a quarterly growth basis, Independent Bank Corp - Mich has generated -21.66% fall in its net profits since last 3-months.
Independent Bank Corp - Mich’s net profit margin fell -42.03% since last year same period to 17.37% in the Q4 2023. On a quarterly growth basis, Independent Bank Corp - Mich has generated -47.13% fall in its net profit margins since last 3-months.
Independent Bank Corp - Mich’s price-to-earnings ratio after this Q4 2023 earnings stands at 8.29.
EPS Estimate Current Quarter | 0.64 |
EPS Estimate Current Year | 0.64 |
Independent Bank Corp - Mich’s earning per share (EPS) estimates for the current quarter stand at 0.64 - a -8.57% fall from last quarter’s estimates.
Independent Bank Corp - Mich’s earning per share (EPS) estimates for the current year stand at 0.64.
Earning Per Share (EPS) | 0.65 |
Return on Assets (ROA) | 0.01 |
Return on Equity (ROE) | 0.16 |
Dividend Per Share (DPS) | 0.23 |
Independent Bank Corp - Mich’s earning per share (EPS) fell -8.45% since last year same period to 0.65 in the Q4 2023. This indicates that the Independent Bank Corp - Mich has generated -8.45% annual rate of fall in its earning per share (EPS) in the last 4 quarters.
Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Independent Bank Corp - Mich’s return on assets (ROA) stands at 0.01.
The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Independent Bank Corp - Mich’s return on equity (ROE) stands at 0.16.
Independent Bank Corp - Mich declared 0.23 dividend per share during the earnings announcement for Q4 2023.
Earnings Date | Estimated EPS | Reported EPS | Surprise % |
---|---|---|---|
2023-05-05 | 0.6 | 0.61 | 1.67% |
2023-11-03 | 0.62 | 0.83 | 33.87% |
2024-03-08 | 0.7 | 0.65 | -7.14% |
2023-08-04 | 0.59 | 0.7 | 18.64% |