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INDEPENDENT BANK CORP (IBCP) Add to portfolio

1m | 3m | 6m | 1y | 2y | 5y | 10y
Price: $24.21 Metrics
OS: 20.9 M
Market cap: $507 M

 
TTM Valuation
EPS
BVPS $17.91 1.35 x P/B

Recent News + Filings   (All items)

Financial Summary   (All financials)
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
Revenues211.529.1191.9169.5156.6130.5123.2117.8
            Revenue growth626.8%-84.8%13.2%8.2%20.0%5.9%4.6%2.3%
Cost of goods sold81.099.692.385.479.370.865.664.5
Gross profit130.5-70.599.684.177.359.757.753.3
            Gross margin61.7%-242.2%51.9%49.6%49.4%45.7%46.8%45.3%
Selling, general and administrative        
Sales and marketing2.11.92.22.52.21.91.92.1
General and administrative15.25.15.24.84.74.64.95.0
EBIT104.3-81.788.172.866.449.347.042.3
            EBIT margin49.3%-280.9%45.9%42.9%42.4%37.8%38.2%35.9%
Pre-tax income77.877.369.557.849.138.432.929.4
Income taxes14.414.413.311.39.318.010.19.4
            Tax rate18.6%18.6%19.2%19.6%18.9%46.7%30.8%31.9%
Net income63.462.956.246.439.820.522.820.0
            Net margin30.0%216.1%29.3%27.4%25.4%15.7%18.5%17.0%
 
Diluted EPS$2.97$2.91$2.56$2.03$1.70$0.96$1.06$0.88
Shares outstanding (diluted)21.321.622.022.923.421.321.422.7
 
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.

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