IBCP Q2 2019 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q2 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$46M+4.8% YoY

Gross Profit

$39M83.7% margin

Operating Income

$13M29.1% margin

Net Income

$11M23.2% 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

$3M37%

Interchange Income

$3M35%

Other Deposit Related Income

$656,0009%

Account Service Charges

$541,0007%

Investment and Insurance Commissions

$450,0006%

Asset Management Revenue

$277,0004%

Transaction Based Revenue

$173,0002%