Experience real-time quotes &

news with the most powerful

iPhone application for investors.

Get the FREE DailyFinance iPhone application



  • INDEPENDENT BANK CORP MICH Financial Overview

  • Income Statement: IBCP

      2008 2007 Change ( 2007 - 2008  )
    Net Sales/Revenues 237.76 M 270.40 M -32.64 M -13.73%
    Gross Profit —%
    Net Income Before Extra Items/Preferred Div -91.66 M 10.36 M -102.02 M 111.30%
    Operating Income -34.28 M 10.62 M -44.91 M 130.99%
  • Cash Flow: IBCP

      2008 2007 Change ( 2007 - 2008  )
    Net Cash Flow - Financing -178.51 M -387.22 M 208.71 M -116.92%
    Net Cash Flow - Investing -129.21 M -375.72 M 246.51 M -190.78%
    Net Cash Flow/Operating Activities 27.71 M 17.65 M 10.07 M 36.32%
  • Balance Sheet: IBCP

      2008 2007 Change ( 2007 - 2008  )
    Total Assets 2.96 B 3.28 B -319.84 M -10.82%
    Total Liabilities 2.76 B 3.04 B -274.21 M -9.93%
    Shareholders Equity 194.88 M 240.50 M -45.62 M -23.41%
  • Key Ratios / Statistics: IBCP

    • Valuation

      Price/Earnings (TTM) -0.53
      Price/Sales (TTM) 0.21
      Price/Book (MRQ) 0.52
      Price/Cash Flow (TTM) 1.98
    • Profitability

      Gross Margin
      Operating Margin -14.42
      Profit Margin -38.55
    • Dividends

      Dividend Paid (TTM) 0.04
      Payout Ratio % (TTM) 79.07
    • Financial Strength

      Quick Ratio (MRQ)
      Current Ratio (MRQ)
      Long Term Debt-to-Equity (MRQ) 290.23
    • Management Effectiveness

      Return on Equity (TTM) -50.96
      Return on Assets (TTM) -3.76
      Return on Investments (TTM) -9.76