IBCP Q1 2017 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q1 2017 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$33M+17.7% YoY

Gross Profit

$31M95.3% margin

Operating Income

$9M26.2% margin

Net Income

$6M18.2% margin

EPS (Diluted)

$0.28

QoQ Revenue Growth

-3.9%

Cash Flow

Operating Cash Flow

$3M

Free Cash Flow

$3M

Stock-Based Comp.

$432,000

Balance Sheet

Total Assets

$2.6B

Total Liabilities

$2.3B

Stockholders' Equity

$255M

Cash & Equivalents

$75M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$33M	$28M	+17.7%
Gross Profit	$31M	$27M	+16.6%
Operating Income	$9M	$6M	+41.9%
Net Income	$6M	$4M	+45.7%