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IBCP FY 2023 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena
IBCP
Independent Bank Corporation
$704M
FY 2023 Earnings
Financial Services
Banks - Regional
Income Statement
Revenue
$284M
+26.6% YoY
Gross Profit
$194M
68.3% margin
Operating Income
$74M
26.0% margin
Net Income
$59M
20.8% 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%
← Q4 2022
All Quarters
Q1 2023 →