IBCP FY 2019 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

FY 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$191M+11.6% YoY

Gross Profit

$163M85.6% margin

Operating Income

$58M30.3% margin

Net Income

$46M24.3% margin

EPS (Diluted)

$2.00

Cash Flow

Operating Cash Flow

$34M

Free Cash Flow

$30M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$3.6B

Total Liabilities

$3.2B

Stockholders' Equity

$350M

Cash & Equivalents

$66M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$191M	$171M	+11.6%
Gross Profit	$163M	$152M	+7.5%
Operating Income	$58M	$49M	+17.6%
Net Income	$46M	$40M	+16.6%