IBCP Q2 2018 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q2 2018 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$44M+34.0% YoY

Gross Profit

$39M89.2% margin

Operating Income

$11M24.7% margin

Net Income

$9M20.0% margin

EPS (Diluted)

$0.36

QoQ Revenue Growth

+18.3%

Cash Flow

Operating Cash Flow

$6M

Free Cash Flow

$5M

Stock-Based Comp.

$441,000

Balance Sheet

Total Assets

$3.2B

Total Liabilities

$2.9B

Stockholders' Equity

$337M

Cash & Equivalents

$61M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$44M	$33M	+34.0%
Gross Profit	$39M	$30M	+29.9%
Operating Income	$11M	$9M	+26.6%
Net Income	$9M	$6M	+48.7%

Revenue Segments

Service Charges on Deposits

$3M42%

Interchange Income

$3M34%

Other Deposit Related Income

$742,00010%

Investment and Insurance Commissions

$483,0007%

Asset Management Revenue

$281,0004%

Transaction Based Revenue

$202,0003%