IBCP Q3 2020 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q3 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$60M+25.5% YoY

Gross Profit

$56M93.3% margin

Operating Income

$24M40.3% margin

Net Income

$20M32.4% margin

EPS (Diluted)

$0.89

QoQ Revenue Growth

+15.3%

Cash Flow

Operating Cash Flow

-$6M

Free Cash Flow

-$7M

Stock-Based Comp.

$497,000

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$3.8B

Stockholders' Equity

$373M

Cash & Equivalents

$47M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$60M	$48M	+25.5%
Gross Profit	$56M	$41M	+36.0%
Operating Income	$24M	$16M	+56.5%
Net Income	$20M	$12M	+57.4%

Revenue Segments

Interchange Income

$3M36%

Service Charges on Deposits

$2M22%

Overdraft Fees

$1M14%

Other Deposit Related Income

$600,0006%

Account Service Charges

$544,0006%

Investment and Insurance Commissions

$530,0006%

Asset Management Revenue

$335,0003%

ATM Fees

$320,0003%

Transaction Based Revenue

$195,0002%

Other

$184,0002%