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Independent Bank Corporation
IBCP•NASDAQ
Financial Services
Banks - Regional
$31.30
$0.90(2.96%)
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.
| Metric | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|
| Revenue | $215.80M | $200.50M | $204.57M | $199.03M |
| Cost of Revenue | $0.00 | -$94.06M | $0.00 | $0.00 |
| Gross Profit | $215.80M | $294.56M | $204.57M | $199.03M |
| Gross Profit Ratio | $1.00 | $1.47 | $1.00 | $1.00 |
| R&D Expenses | $0.00 | $0.00 | $0.00 | $0.00 |
| SG&A Expenses | $91.83M | $109.27M | $85.22M | $97.19M |
| Operating Expenses | $215.80M | $109.27M | -$107.34M | -$121.72M |
| Total Costs & Expenses | $215.80M | $109.27M | -$107.34M | -$121.72M |
| Interest Income | $266.78M | $239.68M | $169.008M | $138.08M |
| Interest Expense | $100.53M | $83.35M | $19.45M | $8.31M |
| Depreciation & Amortization | $10.005M | $5.75M | $6.08M | $6.37M |
| EBITDA | $0.00 | $79.42M | $83.87M | $83.68M |
| EBITDA Ratio | $0.00 | $0.40 | $0.53 | $0.45 |
| Operating Income | -$193.58M | $91.53M | $97.23M | $77.31M |
| Operating Income Ratio | -$0.90 | $0.46 | $0.48 | $0.39 |
| Other Income/Expenses (Net) | $276.63M | -$17.85M | -$17.16M | -$20.20M |
| Income Before Tax | $83.05M | $73.68M | $77.79M | $77.31M |
| Income Before Tax Ratio | $0.38 | $0.37 | $0.38 | $0.39 |
| Income Tax Expense | $16.26M | $14.61M | $14.44M | $14.42M |
| Net Income | $66.79M | $59.07M | $63.35M | $62.90M |
| Net Income Ratio | $0.31 | $0.29 | $0.31 | $0.32 |
| EPS | $3.20 | $2.82 | $3.00 | $2.91 |
| Diluted EPS | $3.16 | $2.79 | $2.97 | $2.88 |
| Weighted Avg Shares Outstanding | $20.90M | $20.98M | $21.10M | $21.59M |
| Weighted Avg Shares Outstanding (Diluted) | $21.11M | $21.17M | $21.30M | $21.81M |
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