IBCP FY 2023 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$704M

FY 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$284M+26.6% YoY

Gross Profit

$194M68.3% margin

Operating Income

$74M26.0% margin

Net Income

$59M20.8% margin

EPS (Diluted)

$2.79

Cash Flow

Operating Cash Flow

$76M

Free Cash Flow

$70M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$4.9B

Stockholders' Equity

$404M

Cash & Equivalents

$170M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$284M	$224M	+26.6%
Gross Profit	$194M	$199M	-2.5%
Operating Income	$74M	$78M	-5.3%
Net Income	$59M	$63M	-6.8%