IBCP Q1 2025 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$704M

Q1 2025 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$75M-1.9% YoY

Gross Profit

$51M68.7% margin

Operating Income

$19M25.6% margin

Net Income

$16M20.9% margin

EPS (Diluted)

$0.74

QoQ Revenue Growth

-11.6%

Cash Flow

Operating Cash Flow

$32M

Free Cash Flow

$31M

Stock-Based Comp.

$758,000

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$4.9B

Stockholders' Equity

$467M

Cash & Equivalents

$128M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$75M	$76M	-1.9%
Gross Profit	$51M	$51M	+0.5%
Operating Income	$19M	$20M	-3.5%
Net Income	$16M	$16M	-2.5%

Revenue Segments

Interchange Income

$3M28%

Service Charges On Deposits

$3M25%

Overdraft Fees

$2M19%

Investment And Insurance Commissions

$753,0007%

Other Deposit Related Income

$648,0006%

Account Service Charges

$593,0005%

Asset Management Revenue

$410,0004%

ATM Fees

$355,0003%

Transaction Based Revenue

$343,0003%

Other

$184,0002%