IBCP FY 2020 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

FY 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$214M+12.3% YoY

Gross Profit

$185M86.5% margin

Operating Income

$69M32.4% margin

Net Income

$56M26.2% margin

EPS (Diluted)

$2.53

Cash Flow

Operating Cash Flow

$59M

Free Cash Flow

$54M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$3.8B

Stockholders' Equity

$390M

Cash & Equivalents

$119M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$214M	$191M	+12.3%
Gross Profit	$185M	$163M	+13.4%
Operating Income	$69M	$58M	+20.3%
Net Income	$56M	$46M	+20.9%