IBCP Q1 2020 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q1 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$45M-1.5% YoY

Gross Profit

$32M72.8% margin

Operating Income

$6M12.9% margin

Net Income

$5M10.8% margin

EPS (Diluted)

$0.21

QoQ Revenue Growth

-12.6%

Cash Flow

Operating Cash Flow

$22M

Free Cash Flow

$22M

Stock-Based Comp.

$547,000

Balance Sheet

Total Assets

$3.6B

Total Liabilities

$3.3B

Stockholders' Equity

$336M

Cash & Equivalents

$70M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$45M	$45M	-1.5%
Gross Profit	$32M	$38M	-15.1%
Operating Income	$6M	$12M	-50.2%
Net Income	$5M	$9M	-48.7%

Revenue Segments

Service Charges on Deposits

$3M36%

Interchange Income

$2M34%

Other Deposit Related Income

$633,0009%

Investment and Insurance Commissions

$513,0007%

Account Service Charges

$506,0007%

Asset Management Revenue

$313,0004%

Transaction Based Revenue

$200,0003%