IBCP FY 2011 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$666M

FY 2011 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$138M-18.9% YoY

Gross Profit

$88M63.8% margin

Operating Income

-$20M-14.8% margin

Net Income

-$20M-14.6% margin

EPS (Diluted)

$-2.94

Cash Flow

Operating Cash Flow

$35M

Free Cash Flow

$33M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$2.2B

Stockholders' Equity

$103M

Cash & Equivalents

$341M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$138M	$171M	-18.9%
Gross Profit	$88M	$87M	+1.5%
Operating Income	-$20M	-$18M	-11.5%
Net Income	-$20M	-$17M	-20.9%