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IBCP Independent Bank (Ionia MI)

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33.800
-0.130-0.38%

Close Aug 27 16:00 ET

706.30MMarket Cap10.83P/E (TTM)

Independent Bank (Ionia MI) Key Stats

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

Quarterly+Annual

YOY

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(Q2)Jun 30, 2024

(Q1)Mar 31, 2024

(FY)Dec 31, 2023

(Q4)Dec 31, 2023

(Q3)Sep 30, 2023

(Q2)Jun 30, 2023

(Q1)Mar 31, 2023

(FY)Dec 31, 2022

(Q4)Dec 31, 2022

(Q3)Sep 30, 2022

Operating cash flow (Indirect Method)

Cash flow from continuing operating activities

-9.74%8.75M

-11.57%20.83M

-20.12%75.59M

1,931.56%16.8M

-21.32%25.71M

-57.03%9.69M

-38.92%23.56M

-14.09%94.63M

-98.48%827K

405.82%32.68M

Net income from continuing operations

25.27%18.53M

23.09%15.99M

-6.76%59.07M

-8.90%13.74M

1.42%17.54M

13.76%14.79M

-27.70%12.99M

0.73%63.35M

20.61%15.09M

8.36%17.3M

Operating gains losses

-89.91%-4.03M

-5.90%-1.1M

-17.19%-7.21M

-31.97%-1.96M

26.53%-2.1M

-133.48%-2.12M

-14.25%-1.03M

83.49%-6.16M

73.42%-1.49M

65.85%-2.86M

Depreciation and amortization

-0.79%2.5M

3.46%2.51M

-7.46%10.02M

2.17%2.54M

-2.95%2.53M

-11.93%2.52M

-15.45%2.43M

-10.74%10.83M

-12.86%2.49M

-13.05%2.61M

Deferred tax

-99.45%-361K

6.89%1.54M

159.89%215K

73.43%-606K

42.74%-434K

-135.77%-181K

-33.95%1.44M

-118.78%-359K

-308.88%-2.28M

-170.77%-758K

Other non cashItems

-200.11%-5.52M

-59.63%4.51M

-24.13%23.28M

131.79%4.83M

-63.44%9.13M

58.06%-1.84M

-55.85%11.16M

-52.79%30.68M

-142.42%-15.19M

199.67%24.98M

Change in working capital

59.13%-2.97M

35.78%-3.95M

-62.70%-18.21M

-743.13%-1.69M

76.09%-2.93M

-185.06%-7.28M

20.63%-6.15M

-303.47%-11.2M

-95.94%262K

-527.16%-12.27M

-Change in receivables

82.43%-2.15M

-269.59%-3.32M

43.44%-14.62M

100.37%25K

52.84%-4.21M

-287.10%-12.22M

128.19%1.96M

-121.47%-25.84M

-501.06%-6.8M

-570.35%-8.93M

-Change in payables and accrued expense

-116.76%-828K

92.31%-623K

-124.56%-3.6M

-124.20%-1.71M

138.27%1.28M

-57.81%4.94M

-927.38%-8.11M

-14.69%14.65M

-6.85%7.07M

-179.42%-3.34M

Cash from discontinued operating activities

Operating cash flow

-9.74%8.75M

-11.57%20.83M

-20.12%75.59M

1,931.56%16.8M

-21.32%25.71M

-57.03%9.69M

-38.92%23.56M

-14.09%94.63M

-98.48%827K

405.82%32.68M

Investing cash flow

Cash flow from continuing investing activities

120.49%16.85M

270.10%17.69M

61.62%-162.95M

84.59%-6.75M

31.15%-78.88M

43.73%-82.27M

103.98%4.78M

24.59%-424.59M

73.85%-43.79M

-60.32%-114.57M

Net investment purchase and sale

-30.92%28.42M

121.64%68.61M

19.89%143.66M

10.57%39.06M

-8.03%32.5M

-60.90%41.15M

155.21%30.95M

132.99%119.83M

134.19%35.33M

304.95%35.33M

Net proceeds payment for loan

91.14%-10.84M

-105.64%-51.6M

43.77%-305.05M

42.33%-44.8M

25.12%-112.82M

51.31%-122.34M

60.13%-25.09M

-177.49%-542.51M

-23.44%-77.67M

-182.45%-150.67M

Capital expenditure

-1.55%-1.77M

48.98%-676K

-6.08%-6.02M

11.52%-1.51M

-43.57%-1.44M

-198.46%-1.75M

44.35%-1.33M

2.71%-5.68M

-31.64%-1.71M

31.16%-1M

Net PPE purchase and sale

--0

--299K

-10.09%1.65M

-94.07%16K

--1.36M

--98K

----

2,809.52%1.83M

--270K

----

Net other investing changes

84.33%1.05M

336.63%1.06M

46.01%2.82M

4,125.00%483K

650.74%1.52M

44.16%568K

-81.93%243K

31.20%1.93M

-127.27%-12K

-64.57%203K

Cash from discontinued investing activities

Investing cash flow

120.49%16.85M

270.10%17.69M

61.62%-162.95M

84.59%-6.75M

31.15%-78.88M

43.73%-82.27M

103.98%4.78M

24.59%-424.59M

73.85%-43.79M

-60.32%-114.57M

Financing cash flow

Cash flow from continuing financing activities

206.56%26.9M

-137.38%-46.46M

-38.02%182.77M

-30.92%32.27M

-44.71%51.44M

-134.44%-25.25M

51.95%124.31M

-33.54%294.86M

-51.88%46.71M

-32.83%93.04M

Increase decrease in deposit

155.88%31.91M

-124.42%-40.47M

-6.94%243.81M

-28.39%37.27M

168.77%97.98M

-167.13%-57.11M

87.40%165.68M

-45.39%261.98M

-50.45%52.04M

-75.63%36.45M

Net issuance payments of debt

-99.98%8K

99.94%-22K

-164.25%-35.98M

101.71%12K

-165.36%-40M

988.78%39.99M

-1,199,133.33%-35.98M

1,866,666.67%56M

-35,150.00%-701K

3,059,900.00%61.2M

Net commonstock issuance

--0

-29.34%-5.09M

-6,600.00%-195K

-4,130.95%-1.69M

-24.55%-3.25M

103.50%48K

77.14%-3.93M

100.09%3K

100.65%42K

Cash dividends paid

-3.27%-5.02M

-2.86%-5M

-4.10%-19.33M

-3.41%-4.79M

-3.97%-4.82M

-4.90%-4.86M

-4.14%-4.86M

-2.26%-18.57M

-3.69%-4.63M

-2.50%-4.63M

Proceeds from stock option exercised by employees

86.67%-2K

-67.53%-975K

-4.84%-650K

-766.67%-26K

-8.00%-27K

53.13%-15K

-3.93%-582K

10.27%-620K

---3K

70.24%-25K

Cash from discontinued financing activities

Financing cash flow

206.56%26.9M

-137.38%-46.46M

-38.02%182.77M

-30.92%32.27M

-44.71%51.44M

-134.44%-25.25M

51.95%124.31M

-33.54%294.86M

-51.88%46.71M

-32.83%93.04M

Net cash flow

Beginning cash position

-28.71%161.84M

128.29%169.78M

-32.06%74.37M

80.46%127.46M

117.18%129.19M

106.72%227.02M

-32.06%74.37M

-7.78%109.47M

-43.77%70.63M

-14.10%59.49M

Current changes in cash

153.67%52.5M

-105.20%-7.94M

371.81%95.41M

1,031.85%42.32M

-115.53%-1.73M

-94.35%-97.83M

43,764.37%152.65M

-280.22%-35.1M

123.15%3.74M

-80.23%11.15M

End cash position

65.91%214.35M

-28.71%161.84M

128.29%169.78M

80.46%127.46M

117.18%129.19M

106.72%227.02M

-32.06%74.37M

-43.77%70.63M

Free cash flow

-12.22%6.97M

-9.34%20.16M

-21.80%69.57M

1,831.37%15.29M

-23.38%24.27M

-63.84%7.95M

-38.56%22.23M

-14.73%88.95M

-101.67%-883K

360.87%31.68M

Currency Unit

USD

Accounting Standards

US-GAAP

Audit Opinions

Unqualified Opinion with Explanatory Notes

	(Q2)Jun 30, 2024	(Q1)Mar 31, 2024	(FY)Dec 31, 2023	(Q4)Dec 31, 2023	(Q3)Sep 30, 2023	(Q2)Jun 30, 2023	(Q1)Mar 31, 2023	(FY)Dec 31, 2022	(Q4)Dec 31, 2022	(Q3)Sep 30, 2022
Operating cash flow (Indirect Method)
Cash flow from continuing operating activities	-9.74%8.75M	-11.57%20.83M	-20.12%75.59M	1,931.56%16.8M	-21.32%25.71M	-57.03%9.69M	-38.92%23.56M	-14.09%94.63M	-98.48%827K	405.82%32.68M
Net income from continuing operations	25.27%18.53M	23.09%15.99M	-6.76%59.07M	-8.90%13.74M	1.42%17.54M	13.76%14.79M	-27.70%12.99M	0.73%63.35M	20.61%15.09M	8.36%17.3M
Operating gains losses	-89.91%-4.03M	-5.90%-1.1M	-17.19%-7.21M	-31.97%-1.96M	26.53%-2.1M	-133.48%-2.12M	-14.25%-1.03M	83.49%-6.16M	73.42%-1.49M	65.85%-2.86M
Depreciation and amortization	-0.79%2.5M	3.46%2.51M	-7.46%10.02M	2.17%2.54M	-2.95%2.53M	-11.93%2.52M	-15.45%2.43M	-10.74%10.83M	-12.86%2.49M	-13.05%2.61M
Deferred tax	-99.45%-361K	6.89%1.54M	159.89%215K	73.43%-606K	42.74%-434K	-135.77%-181K	-33.95%1.44M	-118.78%-359K	-308.88%-2.28M	-170.77%-758K
Other non cashItems	-200.11%-5.52M	-59.63%4.51M	-24.13%23.28M	131.79%4.83M	-63.44%9.13M	58.06%-1.84M	-55.85%11.16M	-52.79%30.68M	-142.42%-15.19M	199.67%24.98M
Change in working capital	59.13%-2.97M	35.78%-3.95M	-62.70%-18.21M	-743.13%-1.69M	76.09%-2.93M	-185.06%-7.28M	20.63%-6.15M	-303.47%-11.2M	-95.94%262K	-527.16%-12.27M
-Change in receivables	82.43%-2.15M	-269.59%-3.32M	43.44%-14.62M	100.37%25K	52.84%-4.21M	-287.10%-12.22M	128.19%1.96M	-121.47%-25.84M	-501.06%-6.8M	-570.35%-8.93M
-Change in payables and accrued expense	-116.76%-828K	92.31%-623K	-124.56%-3.6M	-124.20%-1.71M	138.27%1.28M	-57.81%4.94M	-927.38%-8.11M	-14.69%14.65M	-6.85%7.07M	-179.42%-3.34M
Cash from discontinued operating activities
Operating cash flow	-9.74%8.75M	-11.57%20.83M	-20.12%75.59M	1,931.56%16.8M	-21.32%25.71M	-57.03%9.69M	-38.92%23.56M	-14.09%94.63M	-98.48%827K	405.82%32.68M
Investing cash flow
Cash flow from continuing investing activities	120.49%16.85M	270.10%17.69M	61.62%-162.95M	84.59%-6.75M	31.15%-78.88M	43.73%-82.27M	103.98%4.78M	24.59%-424.59M	73.85%-43.79M	-60.32%-114.57M
Net investment purchase and sale	-30.92%28.42M	121.64%68.61M	19.89%143.66M	10.57%39.06M	-8.03%32.5M	-60.90%41.15M	155.21%30.95M	132.99%119.83M	134.19%35.33M	304.95%35.33M
Net proceeds payment for loan	91.14%-10.84M	-105.64%-51.6M	43.77%-305.05M	42.33%-44.8M	25.12%-112.82M	51.31%-122.34M	60.13%-25.09M	-177.49%-542.51M	-23.44%-77.67M	-182.45%-150.67M
Capital expenditure	-1.55%-1.77M	48.98%-676K	-6.08%-6.02M	11.52%-1.51M	-43.57%-1.44M	-198.46%-1.75M	44.35%-1.33M	2.71%-5.68M	-31.64%-1.71M	31.16%-1M
Net PPE purchase and sale	--0	--299K	-10.09%1.65M	-94.07%16K	--1.36M	--98K	----	2,809.52%1.83M	--270K	----
Net other investing changes	84.33%1.05M	336.63%1.06M	46.01%2.82M	4,125.00%483K	650.74%1.52M	44.16%568K	-81.93%243K	31.20%1.93M	-127.27%-12K	-64.57%203K
Cash from discontinued investing activities
Investing cash flow	120.49%16.85M	270.10%17.69M	61.62%-162.95M	84.59%-6.75M	31.15%-78.88M	43.73%-82.27M	103.98%4.78M	24.59%-424.59M	73.85%-43.79M	-60.32%-114.57M
Financing cash flow
Cash flow from continuing financing activities	206.56%26.9M	-137.38%-46.46M	-38.02%182.77M	-30.92%32.27M	-44.71%51.44M	-134.44%-25.25M	51.95%124.31M	-33.54%294.86M	-51.88%46.71M	-32.83%93.04M
Increase decrease in deposit	155.88%31.91M	-124.42%-40.47M	-6.94%243.81M	-28.39%37.27M	168.77%97.98M	-167.13%-57.11M	87.40%165.68M	-45.39%261.98M	-50.45%52.04M	-75.63%36.45M
Net issuance payments of debt	-99.98%8K	99.94%-22K	-164.25%-35.98M	101.71%12K	-165.36%-40M	988.78%39.99M	-1,199,133.33%-35.98M	1,866,666.67%56M	-35,150.00%-701K	3,059,900.00%61.2M
Net commonstock issuance	--0	--0	-29.34%-5.09M	-6,600.00%-195K	-4,130.95%-1.69M	-24.55%-3.25M	103.50%48K	77.14%-3.93M	100.09%3K	100.65%42K
Cash dividends paid	-3.27%-5.02M	-2.86%-5M	-4.10%-19.33M	-3.41%-4.79M	-3.97%-4.82M	-4.90%-4.86M	-4.14%-4.86M	-2.26%-18.57M	-3.69%-4.63M	-2.50%-4.63M
Proceeds from stock option exercised by employees	86.67%-2K	-67.53%-975K	-4.84%-650K	-766.67%-26K	-8.00%-27K	53.13%-15K	-3.93%-582K	10.27%-620K	---3K	70.24%-25K
Cash from discontinued financing activities
Financing cash flow	206.56%26.9M	-137.38%-46.46M	-38.02%182.77M	-30.92%32.27M	-44.71%51.44M	-134.44%-25.25M	51.95%124.31M	-33.54%294.86M	-51.88%46.71M	-32.83%93.04M
Net cash flow
Beginning cash position	-28.71%161.84M	128.29%169.78M	-32.06%74.37M	80.46%127.46M	117.18%129.19M	106.72%227.02M	-32.06%74.37M	-7.78%109.47M	-43.77%70.63M	-14.10%59.49M
Current changes in cash	153.67%52.5M	-105.20%-7.94M	371.81%95.41M	1,031.85%42.32M	-115.53%-1.73M	-94.35%-97.83M	43,764.37%152.65M	-280.22%-35.1M	123.15%3.74M	-80.23%11.15M
End cash position	65.91%214.35M	-28.71%161.84M	128.29%169.78M	128.29%169.78M	80.46%127.46M	117.18%129.19M	106.72%227.02M	-32.06%74.37M	-32.06%74.37M	-43.77%70.63M
Free cash flow	-12.22%6.97M	-9.34%20.16M	-21.80%69.57M	1,831.37%15.29M	-23.38%24.27M	-63.84%7.95M	-38.56%22.23M	-14.73%88.95M	-101.67%-883K	360.87%31.68M
Currency Unit	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD
Accounting Standards	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP
Audit Opinions	--	--	Unqualified Opinion with Explanatory Notes	--	--	--	--	--	--	--

Analysis

Analyst Rating

No Data

Price Target

No Data

Heat List

Overall