IBCP Q2 2020 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q2 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$52M+13.6% YoY

Gross Profit

$44M83.7% margin

Operating Income

$18M34.9% margin

Net Income

$15M28.2% 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

$3M34%

Service Charges on Deposits

$2M22%

Overdraft Fees

$1M14%

Other Deposit Related Income

$510,0007%

Account Service Charges

$451,0006%

Investment and Insurance Commissions

$435,0006%

Asset Management Revenue

$289,0004%

ATM Fees

$276,0004%

Other

$157,0002%

Transaction Based Revenue

$146,0002%