IBCP Q3 2019 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q3 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$48M+7.0% YoY

Gross Profit

$41M86.1% margin

Operating Income

$16M32.3% margin

Net Income

$12M25.8% margin

EPS (Diluted)

$0.55

QoQ Revenue Growth

+4.3%

Cash Flow

Operating Cash Flow

-$8M

Free Cash Flow

-$9M

Stock-Based Comp.

$460,000

Balance Sheet

Total Assets

$3.6B

Total Liabilities

$3.2B

Stockholders' Equity

$340M

Cash & Equivalents

$83M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$48M	$45M	+7.0%
Gross Profit	$41M	$40M	+2.8%
Operating Income	$16M	$15M	+4.9%
Net Income	$12M	$12M	+4.4%

Revenue Segments

Service Charges on Deposits

$3M37%

Interchange Income

$3M36%

Other Deposit Related Income

$713,0009%

Account Service Charges

$552,0007%

Investment and Insurance Commissions

$450,0006%

Asset Management Revenue

$292,0004%

Transaction Based Revenue

$158,0002%