IBCPIndependent Bank Corporation

$681M

Q1 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$45M+21.6% YoY

Gross Profit

$38M84.4% margin

Operating Income

$12M25.5% margin

Net Income

$9M20.7% margin

EPS (Diluted)

$0.39

QoQ Revenue Growth

+2.6%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

$10M

Stock-Based Comp.

$420,000

Balance Sheet

Total Assets

$3.4B

Total Liabilities

$3.0B

Stockholders' Equity

$345M

Cash & Equivalents

$72M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$45M	$37M	+21.6%
Gross Profit	$38M	$34M	+12.2%
Operating Income	$12M	$11M	+3.1%
Net Income	$9M	$9M	+2.4%

Revenue Segments

Service Charges on Deposits

$3M42%

Interchange Income

$2M37%

Other Deposit Related Income

$710,00011%

Investment and Insurance Commissions

$297,0005%

Asset Management Revenue

$254,0004%

Transaction Based Revenue

$43,0001%

IBCP Q1 2019 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena