IBCP FY 2021 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$704M

FY 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$207M-3.3% YoY

Gross Profit

$200M96.3% margin

Operating Income

$77M37.3% margin

Net Income

$63M30.4% margin

EPS (Diluted)

$2.88

Cash Flow

Operating Cash Flow

$110M

Free Cash Flow

$104M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$4.7B

Total Liabilities

$4.3B

Stockholders' Equity

$398M

Cash & Equivalents

$109M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$207M	$214M	-3.3%
Gross Profit	$200M	$185M	+7.7%
Operating Income	$77M	$69M	+11.3%
Net Income	$63M	$56M	+12.0%