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IBCP Q2 2020 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena
IBCP
Independent Bank Corporation
$681M
Q2 2020 Earnings
Financial Services
Banks - Regional
Income Statement
Revenue
$52M
+13.6% YoY
Gross Profit
$44M
83.7% margin
Operating Income
$18M
34.9% margin
Net Income
$15M
28.2% margin
EPS (Diluted)
$0.67
QoQ Revenue Growth
+17.6%
Cash Flow
Operating Cash Flow
$22M
Free Cash Flow
$21M
Stock-Based Comp.
$462,000
Balance Sheet
Total Assets
$4.0B
Total Liabilities
$3.7B
Stockholders' Equity
$355M
Cash & Equivalents
$56M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$52M
$46M
+13.6%
Gross Profit
$44M
$39M
+13.5%
Operating Income
$18M
$13M
+36.4%
Net Income
$15M
$11M
+37.7%
Revenue Segments
Interchange Income
$3M
34%
Service Charges on Deposits
$2M
22%
Overdraft Fees
$1M
14%
Other Deposit Related Income
$510,000
7%
Account Service Charges
$451,000
6%
Investment and Insurance Commissions
$435,000
6%
Asset Management Revenue
$289,000
4%
ATM Fees
$276,000
4%
Other
$157,000
2%
Transaction Based Revenue
$146,000
2%
← FY 2020
All Quarters
Q3 2020 →