Independent Bank Corporation (IBCP)
Independent Bank Corporation Accruals: -10.90M
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IBCP Accruals Rankings
| Overall | 37th percentile | 2670 of 4304 |
| Sector | 36th percentile | 549 of 861 in Financial |
| Industry | 33rd percentile | 28 of 42 in Regional - Midwest Banks |
IBCP Accruals Range, Past 5 Years
| Minimum | -114.31M | Dec 2008 |
| Maximum | 16.09M | Sep 2010 |
| Average | -16.29M |
About Accruals
Accruals are the non-cash net income earned by a business as a result of accrual based accounting. Mathematically, they are Net Income less Cash Flows from Operations.
Businesses with large positive accruals generally have large non-cash earnings like sales on account that have not yet been paid by customers. Those with negative accruals often are paid up-front for services and recognize the revenue over time as they perform the pre-paid service (newspapers are a good example of this type of business), or they may have large non-cash expenses such as depreciation.
Beware businesses that have large positive accruals over long periods of time. They are a signal of low quality earnings numbers (earnings without much actual cash behind them, in a simple sense). Accruals are also a key element of the Beneish M-Score which detects earnings manipulation, and companies with higher accruals relative to their assets are more likely to have been manipulating earnings.
Learn More
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IBCP News
May 23, 4:26PM Street Insider
May 23, 4:12PM Benzinga
about 29 days ago by TradeIdeasQuant
Feb 02, 8:30AM PR Newswire
Jan 13, 8:30AM PR Newswire
Oct 05, 1:42PM PR Newswire
about 429 days ago by VexTrades
about 457 days ago by BreakoutStocks
about 470 days ago by chartly
about 470 days ago by StockTiger
about 472 days ago by Skibbs
about 476 days ago by StockTiger
about 476 days ago by StockTiger
about 476 days ago by StockTwits
about 482 days ago by danshep55
Recent Quotes
| Symbol | Price | Chg | Chg % | Market Cap |
|---|---|---|---|---|
| IBCP | 3.50 | +0.15 | +4.48% | 28.61M |
| IBCA | 3.72 | -0.05 | -1.33% | 81.39M |
| IBB | 125.18 | -0.02 | -0.02% | |
| IBA | 21.12 | +0.57 | +2.77% | 1.028B |
| HRZN | 16.24 | +0.09 | +0.56% | 123.22M |
| HRT | 3.33 | +0.17 | +5.38% | 9.291M |
| HRS | 40.23 | +0.86 | +2.18% | 4.483B |
| HRL | 30.24 | +0.10 | +0.32% | 7.949B |
| HRG | 4.80 | +0.00 | +0.00% | 669.17M |
| HRC | 30.30 | +0.77 | +2.61% | 1.828B |
