IBCP FY 2018 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

FY 2018 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$171M+23.8% YoY

Gross Profit

$152M88.9% margin

Operating Income

$49M28.8% margin

Net Income

$40M23.3% margin

EPS (Diluted)

$1.68

Cash Flow

Operating Cash Flow

$45M

Free Cash Flow

$41M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.4B

Total Liabilities

$3.0B

Stockholders' Equity

$339M

Cash & Equivalents

$71M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$171M	$138M	+23.8%
Gross Profit	$152M	$128M	+18.9%
Operating Income	$49M	$38M	+27.8%
Net Income	$40M	$20M	+94.6%