IBCP FY 2024 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$704M

FY 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$316M+11.5% YoY

Gross Profit

$212M66.9% margin

Operating Income

$83M26.3% margin

Net Income

$67M21.1% margin

EPS (Diluted)

$3.16

Cash Flow

Operating Cash Flow

$63M

Free Cash Flow

$55M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$4.9B

Stockholders' Equity

$455M

Cash & Equivalents

$120M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$316M	$284M	+11.5%
Gross Profit	$212M	$194M	+9.2%
Operating Income	$83M	$74M	+12.7%
Net Income	$67M	$59M	+13.1%