IBCP - NASDAQ
Independent Bank Corporation
$34.26
-3.1%Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
At a Glance
Live SnapshotIndependent Bank Corporation Fair Value Envelope
Owner Earnings Valuation Tool
Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation
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DCF Valuation Summary
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Owner Earnings Projections
Operating Cash Flow - Maintenance CapEx = Owner Earnings
| Metric | Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | Year 6 | Year 7 | Year 8 | Year 9 | Year 10 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $97.4M | $123.9M | $157.5M | $200.1M | $254.4M | $323.4M | $411.1M | $522.5M | $664.2M | $844.3M |
| Maintenance CapEx | -$1.7M | -$2.1M | -$2.7M | -$3.4M | -$4.3M | -$5.5M | -$7.0M | -$8.9M | -$11.3M | -$14.3M |
| Owner Earnings | $95.8M | $121.8M | $154.8M | $196.8M | $250.1M | $317.9M | $404.1M | $513.7M | $653.0M | $830.0M |
| Discount Factor | 0.926 | 0.857 | 0.794 | 0.735 | 0.681 | 0.630 | 0.583 | 0.540 | 0.500 | 0.463 |
| Present Value | $88.7M | $104.4M | $122.9M | $144.6M | $170.2M | $200.3M | $235.8M | $277.5M | $326.6M | $384.5M |
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