$33.90

-0.13 (-0.38%)

Weekly Expected Move ±3.2%

$31 $32 $33 $34 $35

NASDAQ · Financial Services · Banks - Regional · Alpha Radar Buy · Power 58 · $698.5M mcap · 20M float · 0.942% daily turnover · Short 53% of daily vol

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

WEAK EDGE

43.5 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: 97.4% · 5Y Avg: -14.7%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. IBCP shows a Weak competitive edge (43.5/100) — limited structural advantages that may face competitive pressure. The primary source of advantage is Intangible Assets. ROIC of 97.4% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$37

Low

$37

Avg Target

$37

High

Based on 1 analyst since Apr 23, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 1Hold: 6Sell: 0Strong Sell: 0

Rating Summary

ConsensusHold

Avg Target$37.00

Analysts1

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-04-27	D.A. Davidson	—	$34	$37	+3	+10.0%	$33.62
2026-01-26	Piper Sandler	Nathan Race	$37	$39	+2	+12.4%	$34.70
2024-10-28	Piper Sandler	Nathan Rice	$38	$37	-0	+10.5%	$33.49
2024-07-30	D.A. Davidson	Kevin Reevey	Initiated	$34	—	-2.3%	$34.79
2024-07-29	Piper Sandler	Nathan Rice	Initiated	$38	—	+10.1%	$34.07

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

A-

May 22, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. IBCP receives an overall rating of A-. Strongest factors: DCF (4/5), ROE (4/5), ROA (4/5). Areas of concern: P/B (2/5).

Rating Change History

Date	From	To
2026-05-14	B+	A-
2026-04-23	A-	B+
2026-04-01	B+	A-
2026-01-26	A-	B+

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 38 Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. IBCP scores highest in Value (94/100) and lowest in Cash Flow (29/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman-B Score

2.30

Grey Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✗ ✓ ✓ ✓ ✓ ✗

Beneish M-Score

-2.53

Unlikely Manipulator

Ohlson O-Score

-5.17

Bankruptcy prob: 0.6%

Low Risk

Credit Rating

Score: 74.1/100

Trend: Improving

Earnings Quality

50/100

OCF/NI: 0.51x

Accruals: 0.6%

The Altman-B Score replaces the traditional Z-Score for banks and financial institutions. It weights equity-to-assets, return on assets, retained earnings, market value coverage, and cash reserves — metrics that better capture bank solvency than manufacturing-oriented ratios. IBCP scores 2.30, placing it in the Grey Zone (safe > 3.0, distress < 1.5). Financial distress is possible and warrants monitoring. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. IBCP scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. IBCP's score of -2.53 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. IBCP's implied 0.6% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. IBCP receives an estimated rating of A (score: 74.1/100), with a improving trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). IBCP's score of 50/100 is moderate — some divergence between reported earnings and underlying cash flows.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

9.99x

PEG

1.51x

P/S

2.26x

P/B

1.37x

P/FCF

26.79x

P/OCF

19.33x

EV/EBITDA

2.98x

EV/Revenue

0.84x

EV/EBIT

3.16x

EV/FCF

10.09x

Earnings Yield

10.09%

FCF Yield

3.73%

Shareholder Yield

4.96%

Graham Number

$42.78

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 10.0x earnings, IBCP trades at a deep value multiple. An earnings yield of 10.1% exceeds typical risk-free rates, suggesting equities are being compensated for risk. Graham's intrinsic value formula yields $42.78 per share, suggesting a potential 26% margin of safety at the current price.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.847

NI / EBT

Interest Burden

1.000

EBT / EBIT

EBIT Margin

0.266

EBIT / Rev

Asset Turnover

0.057

Rev / Assets

Equity Multiplier

11.324

Assets / Equity

ROE

14.6%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. IBCP's ROE of 14.6% is driven by financial leverage (equity multiplier: 11.32x). Note: high leverage means ROE is amplified by debt rather than operational performance.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Adj. Growth Rate

7.03%

Fair P/E

22.55x

Intrinsic Value

$75.77

Price/Value

0.44x

Margin of Safety

56.05%

Premium

-56.05%

Assessment

Undervalued

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with IBCP's realized 7.0% 3-year EPS CAGR — what the company actually delivered, not what analysts hope for. At an intrinsic value of $75.77, IBCP appears undervalued with a 56% margin of safety. The adjusted fair P/E of 22.6x compares to the current market P/E of 10.0x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$33.90

Median 1Y

$34.83

5th Pctile

$18.12

95th Pctile

$66.88

Ann. Volatility

39.2%

Analyst Target

$37.00

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
William B. Kessel President and Chief Executive Officer	$644,225	$446,694	$1,558,390
Gavin A. Mohr Executive Vice President and Chief Financial Officer	$348,991	$148,871	$673,720
Joel F. Rahn Executive Vice President - Commercial Lending	$328,918	$140,304	$639,840
Stefanie M. Kimball Executive Vice President - Chief Risk Officer	$319,331	$136,220	$625,630
Patrick J. Ervin Executive Vice President - Mortgage Banking	$310,009	$132,282	$606,047

CEO Pay Ratio

12:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $1,558,390

Avg Employee Cost (SGA/emp): $132,283

Employees: 735

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

735

+0.4% YoY

Revenue / Employee

$429,090

Rev: $315,381,000

Profit / Employee

$93,253

NI: $68,541,000

SGA / Employee

$132,283

Avg labor cost proxy

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
ROE	19.2%	18.2%	16.0%	14.9%	15.1%	15.4%	17.0%	15.6%	16.1%	16.2%	15.7%	16.5%	17.5%	16.5%	15.5%	15.5%	15.1%	15.9%	14.3%	14.6%	14.58%
ROA	1.8%	1.7%	1.4%	1.3%	1.3%	1.4%	1.3%	1.2%	1.2%	1.2%	1.2%	1.2%	1.3%	1.2%	1.3%	1.3%	1.2%	1.3%	1.3%	1.3%	1.29%
ROIC	-10.3%	-9.7%	-6.2%	-5.8%	-5.9%	-6.0%	-22.6%	-20.8%	-21.5%	-21.6%	-18.7%	-19.7%	-20.9%	-19.7%	15.4%	15.3%	14.9%	15.8%	95.6%	97.4%	97.42%
ROCE	17.6%	16.6%	15.2%	14.2%	14.4%	14.7%	17.2%	15.8%	16.4%	16.5%	11.5%	12.1%	12.9%	12.2%	12.1%	12.0%	11.7%	12.2%	1.5%	1.5%	1.50%
Gross Margin	98.5%	96.7%	92.5%	1.0%	89.6%	85.8%	80.8%	72.6%	67.8%	67.5%	65.7%	67.1%	68.8%	63.1%	68.4%	68.7%	69.4%	67.4%	71.0%	73.6%	73.63%
Operating Margin	32.6%	36.6%	30.9%	42.3%	31.1%	35.4%	30.6%	25.3%	25.4%	28.3%	24.6%	26.0%	29.0%	22.7%	26.9%	25.6%	27.1%	26.7%	25.6%	27.1%	27.11%
Net Margin	26.8%	29.8%	25.0%	34.5%	25.4%	28.8%	24.8%	20.7%	20.7%	23.0%	18.9%	21.0%	23.2%	18.2%	21.8%	20.9%	22.1%	22.0%	23.4%	22.6%	22.62%
EBITDA Margin	39.3%	42.2%	36.6%	47.9%	36.7%	39.7%	34.7%	29.1%	29.0%	31.6%	28.1%	29.3%	32.2%	26.0%	29.9%	28.7%	30.2%	30.2%	25.6%	27.1%	27.11%
FCF Margin	34.0%	32.5%	50.3%	53.2%	47.8%	66.9%	39.0%	31.2%	23.2%	19.1%	24.5%	22.8%	21.9%	19.1%	17.4%	20.8%	24.2%	24.2%	22.6%	8.3%	8.34%
OCF Margin	36.6%	35.4%	53.1%	56.3%	50.6%	69.4%	41.5%	33.2%	25.5%	21.4%	26.6%	24.6%	23.6%	20.9%	20.0%	23.5%	27.0%	27.1%	24.7%	11.6%	11.56%
ROE 3Y Avg	snapshot only																				14.61%
ROE 5Y Avg	snapshot only																				15.08%
ROA 3Y Avg	snapshot only																				1.23%
ROIC Economic	snapshot only																				11.38%
Cash ROA	snapshot only																				0.65%
Cash ROIC	snapshot only																				49.96%
CROIC	snapshot only																				36.03%
NOPAT Margin	snapshot only																				22.54%
Pretax Margin	snapshot only																				26.60%
R&D / Revenue	snapshot only																				0.00%
SGA / Revenue	snapshot only																				31.05%
SBC / Revenue	snapshot only																				0.85%

Valuation

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
P/E Ratio	5.65	5.89	6.99	6.92	6.03	5.90	7.17	5.84	5.47	5.93	8.68	8.13	8.26	10.90	10.66	9.56	10.31	9.38	9.89	9.91	9.989
P/S Ratio	1.82	1.85	2.12	2.02	1.73	1.68	2.03	1.45	1.29	1.32	1.81	1.70	1.78	2.22	2.25	2.02	2.14	2.04	2.19	2.23	2.255
P/B Ratio	1.03	1.02	1.10	1.02	0.90	0.90	1.31	0.98	0.95	1.03	1.27	1.25	1.34	1.67	1.57	1.40	1.47	1.41	1.35	1.38	1.366
P/FCF	5.34	5.70	4.21	3.79	3.62	2.51	5.20	4.66	5.56	6.91	7.37	7.46	8.15	11.64	12.90	9.68	8.86	8.43	9.67	26.79	26.795
P/OCF	4.96	5.23	3.99	3.58	3.43	2.42	4.88	4.38	5.06	6.17	6.78	6.91	7.54	10.64	11.27	8.58	7.92	7.53	8.85	19.33	19.326
EV/EBITDA	-6.88	-7.19	-10.89	-11.97	-12.46	-12.28	-1.96	-3.49	-3.55	-3.20	-2.48	-2.45	-1.90	-0.49	7.43	6.66	7.21	6.63	2.78	2.98	2.977
EV/Revenue	-3.08	-3.20	-4.70	-4.98	-5.10	-4.94	-0.77	-1.22	-1.17	-0.99	-0.73	-0.72	-0.58	-0.14	2.18	1.95	2.07	1.97	0.80	0.84	0.842
EV/EBIT	-7.77	-8.27	-12.60	-13.93	-14.44	-14.12	-2.23	-4.00	-4.04	-3.63	-2.81	-2.77	-2.14	-0.55	8.32	7.46	8.09	7.42	3.04	3.16	3.164
EV/FCF	-9.08	-9.86	-9.34	-9.37	-10.66	-7.39	-1.99	-3.91	-5.04	-5.20	-2.98	-3.18	-2.65	-0.75	12.52	9.36	8.58	8.16	3.52	10.09	10.095
Earnings Yield	17.7%	17.0%	14.3%	14.4%	16.6%	16.9%	14.0%	17.1%	18.3%	16.9%	11.5%	12.3%	12.1%	9.2%	9.4%	10.5%	9.7%	10.7%	10.1%	10.1%	10.09%
FCF Yield	18.7%	17.5%	23.7%	26.4%	27.6%	39.8%	19.2%	21.5%	18.0%	14.5%	13.6%	13.4%	12.3%	8.6%	7.8%	10.3%	11.3%	11.9%	10.3%	3.7%	3.73%
PEG Ratio	snapshot only																				1.508
Price/Tangible Book	snapshot only																				1.461
EV/OCF	snapshot only																				7.281
EV/Gross Profit	snapshot only																				1.197
Acquirers Multiple	snapshot only																				3.164
Shareholder Yield	snapshot only																				4.96%
Graham Number	snapshot only																				$42.78

Leverage & Solvency

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Current Ratio	0.34	0.34	0.38	0.38	0.38	0.38	0.22	0.22	0.22	0.22	0.18	0.18	0.18	0.18	0.03	0.03	0.03	0.03	370.62	370.62	370.618
Quick Ratio	0.34	0.34	0.38	0.38	0.38	0.38	0.22	0.22	0.22	0.22	0.18	0.18	0.18	0.18	0.03	0.03	0.03	0.03	370.62	370.62	370.618
Debt/Equity	0.28	0.28	0.27	0.27	0.27	0.27	0.65	0.65	0.65	0.65	0.32	0.32	0.32	0.32	0.27	0.27	0.27	0.27	0.23	0.23	0.232
Net Debt/Equity	-2.78	-2.78	-3.55	-3.55	-3.55	-3.55	-1.81	-1.81	-1.81	-1.81	-1.78	-1.78	-1.78	-1.78	-0.05	-0.05	-0.05	-0.05	-0.86	-0.86	-0.857
Debt/Assets	0.03	0.03	0.02	0.02	0.02	0.02	0.05	0.05	0.05	0.05	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.02	0.021
Debt/EBITDA	1.10	1.14	1.22	1.30	1.29	1.27	2.55	2.76	2.69	2.68	1.54	1.47	1.39	1.46	1.34	1.35	1.39	1.33	1.32	1.33	1.335
Net Debt/EBITDA	-10.94	-11.34	-15.80	-16.81	-16.70	-16.46	-7.08	-7.66	-7.48	-7.45	-8.60	-8.21	-7.77	-8.15	-0.22	-0.23	-0.23	-0.22	-4.86	-4.93	-4.925
Interest Coverage	7.39	7.65	9.30	9.22	9.09	6.78	4.00	2.16	1.46	1.09	0.88	0.84	0.84	0.77	0.83	0.84	0.84	0.90	0.91	0.95	0.952
Equity Multiplier	10.79	10.79	11.81	11.81	11.81	11.81	14.38	14.38	14.38	14.38	13.01	13.01	13.01	13.01	11.74	11.74	11.74	11.74	10.95	10.95	10.947
Cash Ratio	snapshot only																				370.618
Debt Service Coverage	snapshot only																				1.011
Cash to Debt	snapshot only																				4.690
FCF to Debt	snapshot only																				0.221
Defensive Interval	snapshot only																				1529.2 days

Efficiency & Turnover

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Asset Turnover	0.06	0.06	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.057
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	4.12	3.99	3.22	3.14	3.22	3.32	2.30	2.41	2.62	2.78	4.40	4.61	4.74	4.73	—	—	—	—	32.56	32.55	32.551
Payables Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
DSO	89	91	113	116	113	110	159	152	139	131	83	79	77	77	0	0	0	0	11	11	11.2 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	—
Cash Conversion Cycle	89	91	113	116	113	110	159	152	139	131	83	79	77	77	0	0	0	0	11	11	—
Fixed Asset Turnover	snapshot only																				7.947
Cash Velocity	snapshot only																				0.565
Capital Intensity	snapshot only																				17.776

Growth (YoY)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue	12.6%	2.7%	-3.3%	-11.0%	-6.3%	-0.3%	8.1%	16.2%	23.3%	27.3%	26.6%	26.5%	19.6%	12.3%	11.5%	6.1%	2.1%	3.3%	-2.1%	-1.7%	-1.69%
Net Income	54.7%	27.0%	12.0%	-19.8%	-16.3%	-9.8%	0.7%	-0.8%	1.2%	-0.6%	-6.8%	6.3%	9.4%	2.8%	13.1%	7.0%	-1.6%	10.2%	2.6%	5.2%	5.18%
EPS	55.7%	29.3%	15.3%	-17.4%	-13.5%	-7.8%	1.7%	-0.3%	1.4%	0.1%	-5.8%	7.4%	10.0%	2.7%	12.7%	6.6%	-0.9%	11.4%	4.0%	7.0%	7.05%
FCF	27.2%	13.6%	93.9%	64.2%	31.9%	1.1%	-16.2%	-31.8%	-40.1%	-63.7%	-20.4%	-7.6%	12.6%	12.2%	-20.6%	-3.0%	13.0%	31.0%	27.1%	-60.6%	-60.65%
EBITDA	54.3%	30.3%	13.7%	-17.1%	-14.4%	-10.0%	-0.9%	-2.5%	-0.8%	-1.8%	-5.6%	7.0%	10.4%	4.8%	11.2%	5.1%	-3.3%	6.2%	-4.6%	-5.0%	-5.03%
Op. Income	54.2%	26.3%	11.3%	-20.5%	-16.6%	-9.9%	0.6%	-0.9%	1.2%	-0.5%	-5.3%	8.4%	11.7%	5.3%	12.7%	6.1%	-3.3%	7.1%	-2.1%	0.1%	0.05%
OCF Growth	snapshot only																				-51.62%
Asset Growth	snapshot only																				3.14%
Equity Growth	snapshot only																				10.62%
Debt Growth	snapshot only																				-6.05%
Shares Change	snapshot only																				-1.75%
Dividend Growth	snapshot only																				6.97%

Growth (CAGR)

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue 3Y	13.0%	9.4%	6.7%	4.2%	4.6%	5.1%	5.5%	7.3%	9.2%	9.2%	9.8%	9.4%	11.4%	12.5%	15.1%	16.0%	14.6%	13.9%	11.4%	9.7%	9.68%
Revenue 5Y	13.9%	12.3%	10.8%	9.4%	9.4%	9.6%	10.2%	10.6%	10.7%	10.7%	10.7%	10.7%	11.1%	10.7%	10.7%	10.6%	9.7%	8.6%	7.6%	6.4%	6.40%
EPS 3Y	44.0%	34.0%	21.4%	17.9%	15.8%	15.3%	13.5%	13.8%	10.9%	6.1%	3.4%	-4.0%	-1.2%	-1.8%	2.6%	4.5%	3.4%	4.6%	3.3%	7.0%	7.03%
EPS 5Y	27.0%	24.3%	22.7%	19.3%	20.2%	20.3%	25.8%	20.2%	21.2%	17.3%	11.4%	11.9%	11.6%	9.5%	9.2%	11.1%	8.3%	6.4%	5.3%	0.2%	0.20%
Net Income 3Y	38.8%	28.7%	16.4%	13.7%	12.3%	12.7%	10.9%	11.7%	9.4%	4.4%	1.7%	-5.4%	-2.5%	-2.7%	2.0%	4.1%	2.9%	4.0%	2.7%	6.2%	6.15%
Net Income 5Y	27.4%	24.5%	22.5%	19.0%	19.8%	19.8%	25.3%	19.8%	17.8%	13.8%	8.2%	9.2%	9.4%	7.9%	7.5%	9.7%	7.1%	5.2%	4.1%	-1.0%	-0.99%
EBITDA 3Y	25.2%	20.4%	17.5%	15.1%	13.6%	13.6%	11.6%	12.0%	9.4%	4.8%	2.1%	-4.7%	-2.2%	-2.5%	1.3%	3.1%	1.9%	3.0%	0.1%	2.2%	2.22%
EBITDA 5Y	22.7%	20.4%	18.6%	15.7%	15.7%	15.3%	14.3%	11.0%	10.8%	9.1%	8.7%	9.7%	9.9%	8.5%	7.8%	9.6%	6.9%	5.1%	2.5%	-2.9%	-2.89%
Gross Profit 3Y	14.8%	11.7%	9.6%	8.0%	8.2%	7.9%	6.7%	6.8%	6.2%	3.1%	1.4%	-1.6%	-0.8%	-0.7%	2.0%	2.7%	2.3%	3.3%	2.5%	4.3%	4.29%
Gross Profit 5Y	13.4%	12.1%	10.9%	9.7%	9.5%	9.3%	9.3%	8.1%	7.0%	5.7%	5.0%	5.1%	5.8%	5.3%	5.3%	6.1%	5.2%	3.9%	2.9%	0.8%	0.83%
Op. Income 3Y	26.5%	19.9%	16.3%	13.4%	12.0%	12.3%	10.4%	11.3%	9.1%	4.2%	2.0%	-5.1%	-2.0%	-1.9%	2.4%	4.5%	3.0%	3.9%	1.5%	4.8%	4.80%
Op. Income 5Y	23.4%	20.4%	18.6%	15.3%	15.9%	15.9%	15.1%	11.8%	11.3%	9.1%	8.4%	9.4%	9.7%	8.2%	7.5%	9.6%	7.0%	5.0%	3.2%	-1.9%	-1.94%
FCF 3Y	29.4%	12.7%	36.5%	33.9%	32.9%	74.8%	44.4%	21.4%	0.2%	-5.4%	9.0%	1.1%	-3.8%	-5.8%	-19.1%	-15.1%	-8.7%	-18.9%	-7.1%	-29.4%	-29.36%
FCF 5Y	22.1%	37.4%	38.7%	42.8%	40.7%	61.1%	20.2%	14.0%	11.4%	1.3%	11.1%	8.6%	9.6%	16.8%	13.7%	9.9%	5.0%	4.5%	5.5%	-17.0%	-16.96%
OCF 3Y	27.5%	12.7%	34.8%	33.1%	32.0%	69.6%	39.9%	19.1%	0.5%	-4.3%	9.1%	1.0%	-3.7%	-5.7%	-16.9%	-13.3%	-7.0%	-16.8%	-6.3%	-22.8%	-22.82%
OCF 5Y	21.1%	34.3%	35.9%	39.3%	36.2%	53.3%	19.0%	12.9%	10.8%	1.8%	11.0%	8.7%	9.6%	15.9%	13.2%	9.9%	5.7%	5.2%	5.7%	-12.8%	-12.78%
Assets 3Y	14.7%	14.7%	11.9%	11.9%	11.9%	11.9%	11.9%	11.9%	11.9%	11.9%	7.8%	7.8%	7.8%	7.8%	4.3%	4.3%	4.3%	4.3%	3.3%	3.3%	3.27%
Assets 5Y	11.8%	11.8%	13.0%	13.0%	13.0%	13.0%	12.4%	12.4%	12.4%	12.4%	9.4%	9.4%	9.4%	9.4%	8.4%	8.4%	8.4%	8.4%	5.5%	5.5%	5.54%
Equity 3Y	13.7%	13.7%	5.5%	5.5%	5.5%	5.5%	-0.2%	-0.2%	-0.2%	-0.2%	1.3%	1.3%	1.3%	1.3%	4.5%	4.5%	4.5%	4.5%	13.1%	13.1%	13.11%
Book Value 3Y	17.9%	18.4%	10.0%	9.5%	8.8%	8.0%	2.1%	1.6%	1.1%	1.3%	2.9%	2.8%	2.6%	2.2%	5.1%	4.9%	5.0%	5.1%	13.9%	14.0%	14.04%
Dividend 3Y	5.7%	5.6%	5.3%	4.7%	3.8%	3.0%	3.1%	2.9%	2.7%	3.0%	3.0%	2.8%	2.5%	2.1%	1.8%	2.1%	2.6%	2.9%	3.2%	3.1%	3.11%

Growth Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Revenue Stability	1.00	0.98	0.92	0.81	0.87	0.88	0.88	0.81	0.88	0.85	0.82	0.74	0.83	0.87	0.86	0.87	0.88	0.87	0.85	0.82	0.818
Earnings Stability	0.88	0.95	0.95	0.78	0.84	0.91	0.91	0.63	0.68	0.73	0.75	0.37	0.51	0.48	0.67	0.20	0.24	0.34	0.64	0.01	0.006
Margin Stability	0.93	0.94	0.95	0.94	0.94	0.94	0.95	0.93	0.91	0.89	0.88	0.86	0.86	0.84	0.84	0.84	0.85	0.85	0.86	0.86	0.856
Rev. Growth Consistency	1.00	1.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	0.00	0.00	0.000
Earn. Growth Consistency	1.00	1.00	1.00	0.00	0.00	0.00	1.00	0.00	0.50	0.00	0.00	0.50	1.00	0.50	0.50	1.00	0.00	1.00	1.00	1.00	1.000
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.89	0.95	0.92	0.93	0.96	1.00	1.00	1.00	1.00	0.97	0.97	0.96	0.99	0.95	0.97	0.99	0.96	0.99	0.98	0.979
Earnings Smoothness	0.57	0.76	0.89	0.78	0.82	0.90	0.99	0.99	0.99	0.99	0.93	0.94	0.91	0.97	0.88	0.93	0.98	0.90	0.97	0.95	0.950
ROE Trend	0.05	0.03	0.02	-0.01	-0.01	-0.01	0.03	-0.00	0.01	0.01	-0.02	-0.00	0.00	-0.01	-0.02	-0.01	-0.03	-0.01	-0.01	-0.01	-0.011
Gross Margin Trend	0.11	0.11	0.10	0.10	0.06	0.01	-0.03	-0.13	-0.19	-0.22	-0.24	-0.22	-0.18	-0.16	-0.12	-0.07	-0.04	-0.01	0.02	0.03	0.031
FCF Margin Trend	0.07	0.11	0.30	0.28	0.16	0.36	0.01	-0.10	-0.18	-0.31	-0.20	-0.19	-0.14	-0.24	-0.14	-0.06	0.02	0.05	0.02	-0.13	-0.135
Sustainable Growth Rate	14.3%	13.3%	11.4%	10.3%	10.4%	10.8%	12.0%	10.6%	11.0%	11.1%	10.6%	11.3%	12.3%	11.2%	10.9%	10.7%	10.2%	11.0%	9.8%	10.0%	10.00%
Internal Growth Rate	1.4%	1.3%	1.0%	0.9%	0.9%	1.0%	0.9%	0.8%	0.9%	0.9%	0.8%	0.8%	0.9%	0.8%	0.9%	0.9%	0.8%	0.9%	0.9%	0.9%	0.89%

Cash Flow Quality

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
OCF/Net Income	1.14	1.13	1.75	1.93	1.76	2.44	1.47	1.33	1.08	0.96	1.28	1.18	1.10	1.02	0.95	1.11	1.30	1.25	1.12	0.51	0.513
FCF/OCF	0.93	0.92	0.95	0.94	0.95	0.96	0.94	0.94	0.91	0.89	0.92	0.93	0.93	0.91	0.87	0.89	0.89	0.89	0.92	0.72	0.721
FCF/Net Income	snapshot only																				0.370
OCF/EBITDA	snapshot only																				0.409
CapEx/Revenue	2.6%	3.0%	2.8%	3.1%	2.8%	2.5%	2.5%	2.0%	2.3%	2.3%	2.1%	1.8%	1.8%	1.8%	2.5%	2.7%	2.9%	2.9%	2.1%	3.2%	3.22%
CapEx/Depreciation	snapshot only																				1.932
Accruals Ratio	-0.00	-0.00	-0.01	-0.01	-0.01	-0.02	-0.01	-0.00	-0.00	0.00	-0.00	-0.00	-0.00	-0.00	0.00	-0.00	-0.00	-0.00	-0.00	0.01	0.006
Sloan Accruals	snapshot only																				0.931
Cash Flow Adequacy	snapshot only																				1.122
Earnings Quality Score	snapshot only																				0.500

Dividends & Buybacks

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Dividend Yield	4.5%	4.6%	4.1%	4.5%	5.1%	5.1%	4.1%	5.5%	5.8%	5.4%	3.8%	3.9%	3.6%	2.9%	2.8%	3.2%	3.1%	3.3%	3.2%	3.2%	3.19%
Dividend/Share	$0.82	$0.83	$0.85	$0.85	$0.86	$0.87	$0.87	$0.88	$0.89	$0.91	$0.92	$0.92	$0.93	$0.94	$0.95	$0.97	$1.00	$1.02	$1.04	$1.05	$1.08
Payout Ratio	25.3%	26.8%	28.9%	31.0%	30.8%	30.3%	29.3%	32.1%	31.6%	31.7%	32.7%	31.4%	29.8%	31.9%	30.0%	30.9%	32.2%	31.0%	31.5%	31.4%	31.40%
FCF Payout Ratio	23.9%	26.0%	17.4%	17.0%	18.5%	12.9%	21.2%	25.6%	32.0%	37.0%	27.8%	28.8%	29.4%	34.1%	36.3%	31.2%	27.7%	27.9%	30.8%	84.9%	84.89%
Total Payout Ratio	36.1%	47.9%	56.3%	56.6%	54.3%	42.6%	35.6%	36.6%	37.0%	39.9%	41.5%	39.7%	32.7%	32.2%	30.0%	30.9%	43.6%	42.4%	49.7%	49.2%	49.16%
Div. Increase Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Chowder Number	0.10	0.09	0.07	0.07	0.07	0.07	0.06	0.08	0.10	0.10	0.08	0.08	0.07	0.06	0.07	0.09	0.09	0.10	0.11	0.10	0.101
Buyback Yield	1.9%	3.6%	3.9%	3.7%	3.9%	2.1%	0.9%	0.8%	1.0%	1.4%	1.0%	1.0%	0.3%	0.0%	0.0%	0.0%	1.1%	1.2%	1.8%	1.8%	1.79%
Net Buyback Yield	1.9%	3.6%	3.9%	3.7%	3.9%	2.1%	0.9%	0.7%	1.0%	1.4%	1.0%	1.0%	0.3%	0.0%	-0.0%	0.0%	1.1%	1.2%	1.8%	1.7%	1.67%
Total Shareholder Return	6.4%	8.1%	8.0%	8.2%	9.0%	7.2%	5.0%	6.2%	6.7%	6.7%	4.8%	4.9%	4.0%	3.0%	2.8%	3.2%	4.2%	4.5%	5.0%	4.8%	4.84%

DuPont Factors

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Tax Burden (NI/EBT)	0.81	0.81	0.81	0.81	0.81	0.81	0.81	0.82	0.81	0.81	0.80	0.80	0.80	0.79	0.80	0.81	0.81	0.82	0.84	0.85	0.847
Interest Burden (EBT/EBIT)	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
EBIT Margin	0.40	0.39	0.37	0.36	0.35	0.35	0.35	0.30	0.29	0.27	0.26	0.26	0.27	0.26	0.26	0.26	0.26	0.27	0.26	0.27	0.266
Asset Turnover	0.06	0.06	0.05	0.05	0.05	0.05	0.05	0.05	0.05	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.06	0.057
Equity Multiplier	10.50	10.50	11.31	11.31	11.31	11.31	13.01	13.01	13.01	13.01	13.65	13.65	13.65	13.65	12.34	12.34	12.34	12.34	11.32	11.32	11.324

Per Share

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
EPS (Diluted TTM)	$3.23	$3.10	$2.93	$2.75	$2.79	$2.86	$2.98	$2.74	$2.83	$2.86	$2.81	$2.94	$3.12	$2.94	$3.16	$3.14	$3.09	$3.27	$3.29	$3.36	$3.36
Book Value/Share	$17.73	$17.93	$18.56	$18.62	$18.74	$18.75	$16.34	$16.32	$16.38	$16.46	$19.21	$19.19	$19.16	$19.15	$21.53	$21.50	$21.71	$21.75	$24.12	$24.20	$24.81
Tangible Book/Share	$15.48	$15.65	$15.86	$15.92	$16.02	$16.03	$12.90	$12.88	$12.92	$12.99	$15.77	$15.74	$15.73	$15.72	$17.90	$17.88	$18.05	$18.09	$22.72	$22.79	$22.79
Revenue/Share	$10.05	$9.85	$9.65	$9.44	$9.73	$10.04	$10.53	$11.02	$12.03	$12.86	$13.48	$14.09	$14.46	$14.44	$14.98	$14.90	$14.88	$15.07	$14.86	$14.90	$15.05
FCF/Share	$3.41	$3.20	$4.86	$5.02	$4.65	$6.72	$4.11	$3.44	$2.79	$2.45	$3.30	$3.21	$3.16	$2.75	$2.61	$3.10	$3.60	$3.64	$3.37	$1.24	$1.26
OCF/Share	$3.68	$3.49	$5.13	$5.31	$4.92	$6.97	$4.38	$3.66	$3.06	$2.75	$3.59	$3.46	$3.42	$3.01	$2.99	$3.50	$4.02	$4.08	$3.68	$1.72	$1.74
Cash/Share	$54.21	$54.81	$70.89	$71.14	$71.58	$71.63	$40.14	$40.09	$40.23	$40.43	$40.34	$40.28	$40.23	$40.21	$6.88	$6.87	$6.94	$6.95	$26.29	$26.38	$2.36
EBITDA/Share	$4.50	$4.39	$4.17	$3.93	$3.98	$4.04	$4.17	$3.85	$3.96	$3.99	$3.98	$4.16	$4.39	$4.18	$4.41	$4.36	$4.28	$4.48	$4.26	$4.21	$4.21
Debt/Share	$4.95	$5.01	$5.07	$5.09	$5.12	$5.13	$10.63	$10.62	$10.65	$10.71	$6.14	$6.13	$6.12	$6.12	$5.89	$5.88	$5.94	$5.95	$5.61	$5.62	$5.62
Net Debt/Share	$-49.26	$-49.80	$-65.82	$-66.05	$-66.46	$-66.50	$-29.51	$-29.47	$-29.57	$-29.73	$-34.20	$-34.15	$-34.11	$-34.09	$-0.99	$-0.99	$-1.00	$-1.00	$-20.69	$-20.75	$-20.75

Academic Models

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Altman-B Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	2.303
Altman Z-Prime	snapshot only																				1.047
Piotroski F-Score	9	8	7	7	6	6	6	6	6	5	6	7	8	6	6	7	7	8	8	7	7
Beneish M-Score	-2.22	-2.12	-2.46	-2.48	-2.37	-2.38	-1.49	-1.41	-1.45	-1.46	-3.11	-3.12	-3.27	-3.34	-2.30	-2.45	-2.48	-2.42	-2.59	-2.53	-2.531
Ohlson O-Score	snapshot only																				-5.168
ROIC (Greenblatt)	snapshot only																				14.07%
Net-Net WC	snapshot only																				$-214.37
EVA	snapshot only																				$62658600.00

Credit

Metric	Q2'21	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Current
Credit Rating	snapshot only																				A
Credit Score	88.34	87.76	86.90	85.63	87.42	87.61	71.79	70.93	58.44	58.73	75.44	76.71	76.61	73.26	75.24	72.09	72.40	78.75	76.37	74.08	74.082
Credit Grade	snapshot only																				6
Credit Trend	snapshot only																				1.994
Implied Spread (bps)	snapshot only																				150.000
Industry Credit Rank	snapshot only																				70
Sector Credit Rank	snapshot only																				65

IBCP NASDAQ

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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