IBCP Q3 2018 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q3 2018 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$45M+29.1% YoY

Gross Profit

$40M89.6% margin

Operating Income

$15M33.0% margin

Net Income

$12M26.5% margin

EPS (Diluted)

$0.49

QoQ Revenue Growth

+2.2%

Cash Flow

Operating Cash Flow

$7M

Free Cash Flow

$7M

Stock-Based Comp.

$445,000

Balance Sheet

Total Assets

$3.3B

Total Liabilities

$3.0B

Stockholders' Equity

$345M

Cash & Equivalents

$54M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$45M	$35M	+29.1%
Gross Profit	$40M	$32M	+26.6%
Operating Income	$15M	$10M	+48.2%
Net Income	$12M	$7M	+73.9%

Revenue Segments

Service Charges on Deposits

$3M43%

Interchange Income

$2M34%

Other Deposit Related Income

$727,00010%

Investment and Insurance Commissions

$513,0007%

Asset Management Revenue

$274,0004%

Transaction Based Revenue

$239,0003%