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Independent Bank Corporation

IBCPNASDAQ
Financial Services
Banks - Regional
$32.41
$-0.21(-0.64%)

Independent Bank Corporation (IBCP) Financial Performance & Statements

Review Independent Bank Corporation’s income statement, balance sheet, and cash flow reports with annual and quarterly breakdowns to understand its financial health and growth.

Revenue Growth
7.63%
7.63%
Operating Income Growth
-311.50%
311.50%
Net Income Growth
13.07%
13.07%
Operating Cash Flow Growth
-16.45%
16.45%
Operating Margin
26.14%
26.14%
Gross Margin
67.31%
67.31%
Net Profit Margin
21.07%
21.07%
ROE
14.71%
14.71%
ROIC
11.86%
11.86%

Independent Bank Corporation (IBCP) Financial Statements

Explore quarterly and annual reports including balance sheet, income statement, cash flow for Independent Bank Corporation stock.

MetricQ4 2024Q3 2024Q2 2024Q1 2024
Revenue$60.41M$77.85M$78.85M$77.44M
Cost of Revenue$0.00-$5.37M-$2.78M$259000.00
Gross Profit$60.41M$83.22M$81.63M$77.18M
Gross Profit Ratio$1.00$1.07$1.04$1.00
R&D Expenses$0.00$0.00$0.00$0.00
SG&A Expenses$25.76M$21.29M$22.73M$22.16M
Operating Expenses$60.41M$49.56M$9.49M$9.12M
Total Costs & Expenses$60.41M$49.56M$55.69M$57.62M
Interest Income$66.98M$68.33M$66.34M$65.13M
Interest Expense$24.13M$26.48M$24.99M$24.93M
Depreciation & Amortization$2.48M$2.51M$2.50M$2.51M
EBITDA$0.00$0.00$25.67M$22.33M
EBITDA Ratio$0.00$0.00$0.33$0.29
Operating Income$0.00$0.00$23.86M$20.60M
Operating Income Ratio$0.00$0.00$0.30$0.27
Other Income/Expenses (Net)$22.77M$17.29M$0.00$0.00
Income Before Tax$22.77M$17.29M$23.17M$19.82M
Income Before Tax Ratio$0.38$0.22$0.29$0.26
Income Tax Expense$4.31M$3.48M$4.64M$3.83M
Net Income$18.46M$13.81M$18.53M$15.99M
Net Income Ratio$0.31$0.18$0.23$0.21
EPS$0.88$0.66$0.89$0.77
Diluted EPS$0.87$0.65$0.88$0.76
Weighted Avg Shares Outstanding$20.90M$20.90M$20.90M$20.88M
Weighted Avg Shares Outstanding (Diluted)$21.11M$21.11M$21.11M$21.08M

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