Independent Dividends Paid vs Net Income Analysis

IBCP Stock

USD 37.94 0.34 0.89%

Independent Bank financial indicator trend analysis is infinitely more than just investigating Independent Bank recent accounting drivers to predict future trends. We encourage investors to analyze account correlations over time for multiple indicators to determine whether Independent Bank is a good investment. Please check the relationship between Independent Bank Dividends Paid and its Net Income accounts. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Independent Stock, please use our How to Invest in Independent Bank guide.

Dividends Paid vs Net Income

Dividends Paid vs Net Income Correlation Analysis

The overlapping area represents the amount of trend that can be explained by analyzing historical patterns of Independent Bank Dividends Paid account and Net Income. At this time, the significance of the direction appears to have strong relationship.

The correlation between Independent Bank's Dividends Paid and Net Income is 0.62. Overlapping area represents the amount of variation of Dividends Paid that can explain the historical movement of Net Income in the same time period over historical financial statements of Independent Bank, assuming nothing else is changed. The correlation between historical values of Independent Bank's Dividends Paid and Net Income is a relative statistical measure of the degree to which these accounts tend to move together. The correlation coefficient measures the extent to which Dividends Paid of Independent Bank are associated (or correlated) with its Net Income. Values of the correlation coefficient range from -1 to +1, where. The correlation of zero (0) is possible when Net Income has no effect on the direction of Dividends Paid i.e., Independent Bank's Dividends Paid and Net Income go up and down completely randomly.

Correlation Coefficient

0.62

Relationship Direction	Positive
Relationship Strength	Significant

View All Relationships

Dividends Paid

The total amount of dividends that a company has paid out to its shareholders over a specific period.

Net Income

Net income is one of the most important fundamental items in finance. It plays a large role in Independent Bank financial statement analysis. It represents the amount of money remaining after all of Independent Bank operating expenses, interest, taxes and preferred stock dividends have been deducted from a company total revenue.

Most indicators from Independent Bank's fundamental ratios are interrelated and interconnected. However, analyzing fundamental ratios indicators one by one will only give a small insight into Independent Bank current financial condition. On the other hand, looking into the entire matrix of fundamental ratios indicators, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Independent Stock, please use our How to Invest in Independent Bank guide.At this time, Independent Bank's Tax Provision is relatively stable compared to the past year. As of 11/29/2024, Issuance Of Capital Stock is likely to grow to about 103.7 K, while Selling General Administrative is likely to drop slightly above 51.9 M.

	2021	2022	2023	2024 (projected)
Gross Profit	199.0M	204.6M	294.6M	309.3M
Total Revenue	199.0M	204.6M	200.5M	125.4M

Gross Profit Total Revenue

Independent Bank fundamental ratios Correlations

	Common Stock Shares Outstanding	Total Assets	Total Stockholder Equity	Property Plant And Equipment Net	Net Debt	Retained Earnings	Cash	Non Current Assets Total	Non Currrent Assets Other	Other Assets	Cash And Short Term Investments	Other Stockholder Equity	Total Liab	Property Plant And Equipment Gross	Total Current Assets	Short Long Term Debt Total	Other Current Liab	Total Current Liabilities	Net Receivables	Short Term Debt	Non Current Liabilities Total	Common Stock Total Equity	Common Stock	Other Liab	Accounts Payable	Long Term Debt
Common Stock Shares Outstanding		-0.07	-0.25	0.8	-0.68	-0.6	0.89	-0.24	0.03	0.35	0.0	0.79	0.0	-0.04	0.49	-0.02	-0.21	-0.24	-0.09	-0.06	-0.19	0.23	0.24	0.4	-0.43	-0.32
Total Assets	-0.07		0.92	0.18	0.39	0.77	0.03	0.75	0.45	-0.29	0.37	-0.47	0.55	0.84	-0.27	0.82	0.28	0.73	0.87	0.0	0.62	0.43	0.39	-0.64	0.78	0.72
Total Stockholder Equity	-0.25	0.92		0.11	0.51	0.73	-0.21	0.63	0.28	-0.12	0.49	-0.57	0.42	0.63	-0.14	0.71	0.41	0.63	0.65	0.05	0.49	0.6	0.59	-0.75	0.81	0.6
Property Plant And Equipment Net	0.8	0.18	0.11		-0.55	-0.45	0.75	0.04	0.29	0.4	0.09	0.4	0.27	0.15	0.5	0.19	0.21	-0.02	0.03	0.02	0.06	0.56	0.57	0.26	-0.25	-0.35
Net Debt	-0.68	0.39	0.51	-0.55		0.64	-0.81	0.08	-0.32	0.04	0.32	-0.73	0.22	0.22	-0.26	0.52	-0.06	0.01	0.27	0.49	-0.04	0.18	0.19	-0.65	0.69	0.69
Retained Earnings	-0.6	0.77	0.73	-0.45	0.64		-0.43	0.75	0.36	-0.6	0.15	-0.68	0.42	0.7	-0.65	0.61	0.16	0.73	0.8	0.0	0.64	-0.01	-0.06	-0.7	0.8	0.83
Cash	0.89	0.03	-0.21	0.75	-0.81	-0.43		0.06	0.36	-0.02	-0.11	0.67	0.04	0.15	0.21	-0.05	-0.09	0.08	0.11	-0.31	0.12	0.09	0.07	0.49	-0.34	-0.27
Non Current Assets Total	-0.24	0.75	0.63	0.04	0.08	0.75	0.06		0.87	-0.7	-0.17	-0.49	0.63	0.78	-0.58	0.53	0.47	0.93	0.86	-0.24	0.98	0.03	-0.04	-0.4	0.52	0.5
Non Currrent Assets Other	0.03	0.45	0.28	0.29	-0.32	0.36	0.36	0.87		-0.63	-0.46	-0.22	0.62	0.59	-0.47	0.31	0.49	0.74	0.64	-0.26	0.93	-0.06	-0.14	0.01	0.13	0.13
Other Assets	0.35	-0.29	-0.12	0.4	0.04	-0.6	-0.02	-0.7	-0.63		0.3	0.24	-0.12	-0.47	0.88	-0.13	-0.02	-0.73	-0.56	0.41	-0.72	0.55	0.62	0.02	-0.25	-0.44
Cash And Short Term Investments	0.0	0.37	0.49	0.09	0.32	0.15	-0.11	-0.17	-0.46	0.3		-0.08	-0.41	0.19	0.31	0.25	-0.06	0.05	-0.01	0.13	-0.36	0.48	0.53	-0.37	0.42	0.19
Other Stockholder Equity	0.79	-0.47	-0.57	0.4	-0.73	-0.68	0.67	-0.49	-0.22	0.24	-0.08		-0.42	-0.41	0.4	-0.41	-0.4	-0.4	-0.42	-0.22	-0.41	-0.17	-0.14	0.48	-0.71	-0.47
Total Liab	0.0	0.55	0.42	0.27	0.22	0.42	0.04	0.63	0.62	-0.12	-0.41	-0.42		0.56	-0.26	0.67	0.26	0.35	0.68	0.25	0.65	0.23	0.18	-0.3	0.31	0.4
Property Plant And Equipment Gross	-0.04	0.84	0.63	0.15	0.22	0.7	0.15	0.78	0.59	-0.47	0.19	-0.41	0.56		-0.39	0.71	0.21	0.73	0.88	0.01	0.67	0.14	0.09	-0.35	0.61	0.62
Total Current Assets	0.49	-0.27	-0.14	0.5	-0.26	-0.65	0.21	-0.58	-0.47	0.88	0.31	0.4	-0.26	-0.39		-0.31	0.23	-0.53	-0.54	0.06	-0.59	0.48	0.55	0.13	-0.31	-0.6
Short Long Term Debt Total	-0.02	0.82	0.71	0.19	0.52	0.61	-0.05	0.53	0.31	-0.13	0.25	-0.41	0.67	0.71	-0.31		0.02	0.37	0.75	0.44	0.42	0.32	0.32	-0.5	0.57	0.77
Other Current Liab	-0.21	0.28	0.41	0.21	-0.06	0.16	-0.09	0.47	0.49	-0.02	-0.06	-0.4	0.26	0.21	0.23	0.02		0.41	0.14	-0.19	0.47	0.35	0.32	-0.19	0.22	-0.19
Total Current Liabilities	-0.24	0.73	0.63	-0.02	0.01	0.73	0.08	0.93	0.74	-0.73	0.05	-0.4	0.35	0.73	-0.53	0.37	0.41		0.79	-0.45	0.88	0.01	-0.06	-0.42	0.53	0.44
Net Receivables	-0.09	0.87	0.65	0.03	0.27	0.8	0.11	0.86	0.64	-0.56	-0.01	-0.42	0.68	0.88	-0.54	0.75	0.14	0.79		-0.08	0.8	0.05	-0.01	-0.47	0.63	0.76
Short Term Debt	-0.06	0.0	0.05	0.02	0.49	0.0	-0.31	-0.24	-0.26	0.41	0.13	-0.22	0.25	0.01	0.06	0.44	-0.19	-0.45	-0.08		-0.3	0.26	0.29	-0.16	0.11	0.18
Non Current Liabilities Total	-0.19	0.62	0.49	0.06	-0.04	0.64	0.12	0.98	0.93	-0.72	-0.36	-0.41	0.65	0.67	-0.59	0.42	0.47	0.88	0.8	-0.3		-0.06	-0.14	-0.28	0.37	0.39
Common Stock Total Equity	0.23	0.43	0.6	0.56	0.18	-0.01	0.09	0.03	-0.06	0.55	0.48	-0.17	0.23	0.14	0.48	0.32	0.35	0.01	0.05	0.26	-0.06		0.99	-0.35	0.45	0.02
Common Stock	0.24	0.39	0.59	0.57	0.19	-0.06	0.07	-0.04	-0.14	0.62	0.53	-0.14	0.18	0.09	0.55	0.32	0.32	-0.06	-0.01	0.29	-0.14	0.99		-0.34	0.38	-0.03
Other Liab	0.4	-0.64	-0.75	0.26	-0.65	-0.7	0.49	-0.4	0.01	0.02	-0.37	0.48	-0.3	-0.35	0.13	-0.5	-0.19	-0.42	-0.47	-0.16	-0.28	-0.35	-0.34		-0.68	-0.58
Accounts Payable	-0.43	0.78	0.81	-0.25	0.69	0.8	-0.34	0.52	0.13	-0.25	0.42	-0.71	0.31	0.61	-0.31	0.57	0.22	0.53	0.63	0.11	0.37	0.45	0.38	-0.68		0.76
Long Term Debt	-0.32	0.72	0.6	-0.35	0.69	0.83	-0.27	0.5	0.13	-0.44	0.19	-0.47	0.4	0.62	-0.6	0.77	-0.19	0.44	0.76	0.18	0.39	0.02	-0.03	-0.58	0.76

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Independent Bank Account Relationship Matchups

Independent Bank fundamental ratios Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Common Stock Shares Outstanding	23.2M	22.2M	21.8M	21.3M	21.2M	12.5M
Total Assets	3.6B	4.2B	4.7B	5.0B	5.3B	5.5B
Total Stockholder Equity	350.2M	389.5M	398.5M	347.6M	404.4M	424.7M
Property Plant And Equipment Net	38.4M	36.1M	36.4M	35.9M	40.4M	42.1M
Net Debt	62.4M	(9.9M)	(515K)	151.7M	(40.5M)	(38.5M)
Retained Earnings	1.6M	40.1M	74.6M	119.4M	159.1M	167.1M
Cash	65.7M	118.7M	109.5M	74.4M	169.8M	100.5M
Non Current Assets Total	609.6M	1.2B	1.5B	1.3B	5.1B	5.3B
Non Currrent Assets Other	(11.0M)	(12.1M)	(15.6M)	(42.7M)	4.8B	5.1B
Other Assets	2.3B	1.8B	1.6B	2.8B	(7.0M)	(6.7M)
Cash And Short Term Investments	584.1M	1.2B	1.5B	853.7M	169.5M	324.7M
Liabilities And Stockholders Equity	3.6B	4.2B	4.7B	5.0B	5.3B	5.5B
Other Stockholder Equity	214K	10.0M	501K	(92.8M)	(83.5M)	(79.3M)
Total Liab	3.2B	108.8M	109.0M	4.7B	4.9B	5.1B
Property Plant And Equipment Gross	38.4M	36.1M	151.0M	153.9M	156.3M	164.1M
Total Current Assets	626.8M	1.3B	1.6B	982.6M	169.5M	161.0M
Short Long Term Debt Total	156.7M	110.5M	110.6M	226.1M	129.3M	188.7M
Other Current Liab	(28.6M)	1.2B	1.6B	(61M)	2.7B	2.8B
Total Current Liabilities	28.6M	1.2B	1.6B	61M	2.7B	2.8B
Net Receivables	42.8M	62.5M	66.1M	128.9M	148.2M	155.7M
Short Term Debt	28.6M	1.7M	1.6M	61M	1.1M	1.1M
Non Current Liabilities Total	128.1M	108.8M	109.0M	61M	2.2B	2.3B
Accumulated Other Comprehensive Income	(3.8M)	10.0M	501K	(92.8M)	(72.1M)	(68.5M)
Common Stock Total Equity	352.3M	339.4M	323.4M	321.0M	369.1M	196.7M
Common Stock	352.3M	339.4M	323.4M	321.0M	317.5M	205.8M
Other Liab	670K	780K	880K	1M	900K	855K
Accounts Payable	3.0B	3.6B	4.1B	4.4B	5.0B	2.5B
Long Term Debt	128.1M	108.8M	109.0M	165.1M	129.3M	113.6M
Inventory	(77.6M)	(131.8M)	(122.6M)	(91.3M)	(82.2M)	(78.1M)
Intangible Assets	24.5M	21.2M	29.6M	45.0M	44.2M	24.5M
Property Plant Equipment	38.4M	36.1M	36.4M	35.9M	32.3M	39.8M
Other Current Assets	77.6M	131.8M	122.6M	91.3M	189.4M	179.9M
Short Term Investments	518.4M	1.1B	1.4B	779.3M	(300K)	(285K)
Net Tangible Assets	316.5M	356.9M	366.8M	316.7M	364.3M	271.2M
Retained Earnings Total Equity	1.6M	40.1M	74.6M	119.4M	137.3M	144.1M
Long Term Debt Total	128.1M	108.8M	109.0M	165.1M	189.9M	199.4M
Long Term Investments	2.8B	2.8B	1.4B	1.2B	1.0B	1.9B
Non Current Liabilities Other	49.7M	68.3M	80.2M	108.0M	124.2M	130.4M

Pair Trading with Independent Bank

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Independent Bank position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Independent Bank will appreciate offsetting losses from the drop in the long position's value.

Moving together with Independent Stock

0.97	AX	Axos Financial	Pair Corr
0.97	BY	Byline Bancorp Fiscal Year End 23rd of January 2025	Pair Corr

Moving against Independent Stock

0.58	CFG-PE	Citizens Financial	Pair Corr
0.5	TFC-PR	Truist Financial	Pair Corr
0.49	TFC-PO	Truist Financial	Pair Corr

The ability to find closely correlated positions to Independent Bank could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Independent Bank when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Independent Bank - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Independent Bank to buy it.

The correlation of Independent Bank is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Independent Bank moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Independent Bank moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Correlation analysis and pair trading evaluation for Independent Bank can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.

Pair Correlation Correlation Matching

Additional Tools for Independent Stock Analysis

When running Independent Bank's price analysis, check to measure Independent Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent Bank is operating at the current time. Most of Independent Bank's value examination focuses on studying past and present price action to predict the probability of Independent Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independent Bank's price. Additionally, you may evaluate how the addition of Independent Bank to your portfolios can decrease your overall portfolio volatility.

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