IBCP FY 2017 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

FY 2017 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$138M+11.2% YoY

Gross Profit

$128M92.5% margin

Operating Income

$38M27.8% margin

Net Income

$20M14.8% margin

EPS (Diluted)

$0.95

Cash Flow

Operating Cash Flow

$39M

Free Cash Flow

$34M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$2.8B

Total Liabilities

$2.5B

Stockholders' Equity

$265M

Cash & Equivalents

$57M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$138M	$124M	+11.2%
Gross Profit	$128M	$119M	+7.7%
Operating Income	$38M	$33M	+16.8%
Net Income	$20M	$23M	-10.1%