IBCPIndependent Bank Corporation

$704M

FY 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$224M+8.3% YoY

Gross Profit

$199M88.7% margin

Operating Income

$78M34.7% margin

Net Income

$63M28.3% margin

EPS (Diluted)

$2.97

Cash Flow

Operating Cash Flow

$95M

Free Cash Flow

$89M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$5.0B

Total Liabilities

$4.7B

Stockholders' Equity

$348M

Cash & Equivalents

$74M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$224M	$207M	+8.3%
Gross Profit	$199M	$200M	-0.4%
Operating Income	$78M	$77M	+0.6%
Net Income	$63M	$63M	+0.7%

IBCP FY 2022 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena