Independent Bank (IBCP) Long-Term Deferred Tax (2012 - 2020)
Independent Bank (IBCP) posted Long-Term Deferred Tax of $2.7 million for Q4 2020, up 74.3% sequentially from $1.6 million in Q3 2020, and up 32.24% YoY from $2.1 million in Q1 2020.
Independent Bank (IBCP) Long-Term Deferred Tax (2012 - 2020) Analysis & Trends
Independent Bank has reported Long-Term Deferred Tax for 9 years, with the latest figure at $2.7 million in Q4 2020.
- Quarterly Long-Term Deferred Tax rose 32.24% year-over-year to $2.7 million in Q4 2020, while the trailing twelve-month figure through Dec 2020 was $2.7 million (up 32.24% YoY) and the FY2020 annual result came in at $2.7 million, up 32.24% from the prior year.
- Long-Term Deferred Tax grew to $2.7 million in Q4 2020 per IBCP's latest filing, from $1.6 million in the prior quarter.
- Over five years, Long-Term Deferred Tax peaked at $37.2 million in Q1 2016 and troughed at $1.6 million in Q3 2020.
- A 5-year average of $14.7 million and a median of $9.9 million in 2018 frame the typical range for Long-Term Deferred Tax.
- The sharpest annual moves came in 2019 and 2020: Long-Term Deferred Tax slumped 79.1% in 2019, then soared 49.34% in 2020.
- Over 5 years, Long-Term Deferred Tax stood at $32.8 million in 2016, then plunged by 39.63% to $19.8 million in 2017, then tumbled by 70.83% to $5.8 million in 2018, then slumped by 64.15% to $2.1 million in 2019, then jumped by 32.24% to $2.7 million in 2020.
- According to Business Quant data, Long-Term Deferred Tax over the past three periods registered $2.7 million, $1.6 million, and $2.5 million for Q4 2020, Q3 2020, and Q2 2020 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - |
| 10 | Independent Bank | 764.20 Mn | 598.75 Mn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2020 | 2.74 Mn |
| Sep 30, 2020 | 1.57 Mn |
| Jun 30, 2020 | 2.48 Mn |
| Mar 31, 2020 | 4.28 Mn |
| Dec 31, 2019 | 2.07 Mn |
| Sep 30, 2019 | 2.77 Mn |
| Jun 30, 2019 | 2.75 Mn |
| Mar 31, 2019 | 2.87 Mn |
| Dec 31, 2018 | 5.78 Mn |
| Sep 30, 2018 | 8.45 Mn |
| Jun 30, 2018 | 11.43 Mn |
| Mar 31, 2018 | 13.72 Mn |
| Dec 31, 2017 | 19.81 Mn |
| Sep 30, 2017 | 22.43 Mn |
| Jun 30, 2017 | 25.20 Mn |
| Mar 31, 2017 | 28.95 Mn |
| Dec 31, 2016 | 32.82 Mn |
| Sep 30, 2016 | 32.16 Mn |
| Jun 30, 2016 | 35.26 Mn |
| Mar 31, 2016 | 37.17 Mn |