IBCP Q2 2022 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$704M

Q2 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$51M+10.6% YoY

Gross Profit

$46M89.6% margin

Operating Income

$16M31.1% margin

Net Income

$13M25.4% margin

EPS (Diluted)

$0.61

QoQ Revenue Growth

-2.0%

Cash Flow

Operating Cash Flow

$23M

Free Cash Flow

$22M

Stock-Based Comp.

$543,000

Balance Sheet

Total Assets

$4.8B

Total Liabilities

$4.5B

Stockholders' Equity

$331M

Cash & Equivalents

$59M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$51M	$46M	+10.6%
Gross Profit	$46M	$46M	+0.6%
Operating Income	$16M	$15M	+5.5%
Net Income	$13M	$12M	+4.9%

Revenue Segments

Interchange Income

$3M29%

Service Charges on Deposits

$3M26%

Overdraft Fees

$2M21%

Investment and Insurance Commissions

$682,0006%

Other Deposit Related Income

$625,0005%

Asset Management Revenue

$453,0004%

Account Service Charges

$452,0004%

ATM Fees

$310,0003%

Other

$237,0002%

Transaction Based Revenue

$229,0002%