IBCP Q1 2018 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q1 2018 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$37M+13.4% YoY

Gross Profit

$34M91.5% margin

Operating Income

$11M30.1% margin

Net Income

$9M24.6% margin

EPS (Diluted)

$0.42

QoQ Revenue Growth

+0.6%

Cash Flow

Operating Cash Flow

$7M

Free Cash Flow

$6M

Stock-Based Comp.

$407,000

Balance Sheet

Total Assets

$2.8B

Total Liabilities

$2.5B

Stockholders' Equity

$268M

Cash & Equivalents

$44M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$37M	$33M	+13.4%
Gross Profit	$34M	$31M	+8.9%
Operating Income	$11M	$9M	+30.3%
Net Income	$9M	$6M	+53.3%

Revenue Segments

Service Charges on Deposits

$3M65%

Other Deposit Related Income

$689,00015%

Investment and Insurance Commissions

$438,00010%

Asset Management Revenue

$271,0006%

Transaction Based Revenue

$167,0004%