IBCP FY 2016 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$684M

FY 2016 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$124M+8.5% YoY

Gross Profit

$119M95.5% margin

Operating Income

$33M26.5% margin

Net Income

$23M18.3% margin

EPS (Diluted)

$1.05

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$20M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.5B

Total Liabilities

$2.3B

Stockholders' Equity

$249M

Cash & Equivalents

$89M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$124M	$114M	+8.5%
Gross Profit	$119M	$111M	+6.6%
Operating Income	$33M	$29M	+12.0%
Net Income	$23M	$20M	+13.7%