IBCP Q2 2021 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q2 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$46M-11.9% YoY

Gross Profit

$46M98.5% margin

Operating Income

$15M32.6% margin

Net Income

$12M26.8% 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

$3M34%

Service Charges on Deposits

$2M23%

Overdraft Fees

$2M18%

Investment and Insurance Commissions

$634,0006%

Other Deposit Related Income

$462,0005%

Asset Management Revenue

$401,0004%

Account Service Charges

$331,0003%

Transaction Based Revenue

$233,0002%

ATM Fees

$213,0002%

Other

$175,0002%