IBCP Q2 2017 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$684M

Q2 2017 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$33M+10.3% YoY

Gross Profit

$30M92.0% margin

Operating Income

$9M26.1% margin

Net Income

$6M18.0% margin

EPS (Diluted)

$0.27

QoQ Revenue Growth

+0.2%

Cash Flow

Operating Cash Flow

$10M

Free Cash Flow

$9M

Stock-Based Comp.

$484,000

Balance Sheet

Total Assets

$2.7B

Total Liabilities

$2.4B

Stockholders' Equity

$262M

Cash & Equivalents

$65M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$33M	$30M	+10.3%
Gross Profit	$30M	$29M	+4.7%
Operating Income	$9M	$9M	-5.0%
Net Income	$6M	$6M	-7.9%