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IBCP Q2 2019 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena
IBCP
Independent Bank Corporation
$681M
Q2 2019 Earnings
Financial Services
Banks - Regional
Income Statement
Revenue
$46M
+4.8% YoY
Gross Profit
$39M
83.7% margin
Operating Income
$13M
29.1% margin
Net Income
$11M
23.2% margin
EPS (Diluted)
$0.46
QoQ Revenue Growth
+2.0%
Cash Flow
Operating Cash Flow
$4M
Free Cash Flow
$3M
Stock-Based Comp.
$468,000
Balance Sheet
Total Assets
$3.4B
Total Liabilities
$3.1B
Stockholders' Equity
$331M
Cash & Equivalents
$56M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$46M
$44M
+4.8%
Gross Profit
$39M
$39M
-1.6%
Operating Income
$13M
$11M
+23.3%
Net Income
$11M
$9M
+21.7%
Revenue Segments
Service Charges on Deposits
$3M
37%
Interchange Income
$3M
35%
Other Deposit Related Income
$656,000
9%
Account Service Charges
$541,000
7%
Investment and Insurance Commissions
$450,000
6%
Asset Management Revenue
$277,000
4%
Transaction Based Revenue
$173,000
2%
← FY 2019
All Quarters
Q3 2019 →