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IBCP Q2 2021 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena
IBCP
Independent Bank Corporation
$681M
Q2 2021 Earnings
Financial Services
Banks - Regional
Income Statement
Revenue
$46M
-11.9% YoY
Gross Profit
$46M
98.5% margin
Operating Income
$15M
32.6% margin
Net Income
$12M
26.8% margin
EPS (Diluted)
$0.56
QoQ Revenue Growth
-19.5%
Cash Flow
Operating Cash Flow
$32M
Free Cash Flow
$30M
Stock-Based Comp.
$505,000
Balance Sheet
Total Assets
$4.5B
Total Liabilities
$4.1B
Stockholders' Equity
$396M
Cash & Equivalents
$69M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$46M
$52M
-11.9%
Gross Profit
$46M
$44M
+3.7%
Operating Income
$15M
$18M
-17.7%
Net Income
$12M
$15M
-16.1%
Revenue Segments
Interchange Income
$3M
34%
Service Charges on Deposits
$2M
23%
Overdraft Fees
$2M
18%
Investment and Insurance Commissions
$634,000
6%
Other Deposit Related Income
$462,000
5%
Asset Management Revenue
$401,000
4%
Account Service Charges
$331,000
3%
Transaction Based Revenue
$233,000
2%
ATM Fees
$213,000
2%
Other
$175,000
2%
← FY 2021
All Quarters
Q3 2021 →