IBCP Q1 2021 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q1 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$57M+28.7% YoY

Gross Profit

$56M97.0% margin

Operating Income

$27M47.3% margin

Net Income

$22M38.4% margin

EPS (Diluted)

$1.00

QoQ Revenue Growth

+1.0%

Cash Flow

Operating Cash Flow

$35M

Free Cash Flow

$33M

Stock-Based Comp.

$442,000

Balance Sheet

Total Assets

$4.4B

Total Liabilities

$4.0B

Stockholders' Equity

$387M

Cash & Equivalents

$131M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$57M	$45M	+28.7%
Gross Profit	$56M	$32M	+71.6%
Operating Income	$27M	$6M	+371.6%
Net Income	$22M	$5M	+358.1%

Revenue Segments

Interchange Income

$3M34%

Service Charges on Deposits

$2M22%

Overdraft Fees

$1M14%

Investment and Insurance Commissions

$584,0007%

Other Deposit Related Income

$561,0006%

Account Service Charges

$512,0006%

Asset Management Revenue

$383,0004%

ATM Fees

$268,0003%

Transaction Based Revenue

$201,0002%

Other

$198,0002%