IBCP Q3 2021 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q3 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$54M-11.3% YoY

Gross Profit

$52M96.7% margin

Operating Income

$20M36.6% margin

Net Income

$16M29.8% margin

EPS (Diluted)

$0.73

QoQ Revenue Growth

+16.0%

Cash Flow

Operating Cash Flow

-$11M

Free Cash Flow

-$12M

Stock-Based Comp.

$499,000

Balance Sheet

Total Assets

$4.6B

Total Liabilities

$4.2B

Stockholders' Equity

$400M

Cash & Equivalents

$126M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$54M	$60M	-11.3%
Gross Profit	$52M	$56M	-8.1%
Operating Income	$20M	$24M	-19.4%
Net Income	$16M	$20M	-18.5%

Revenue Segments

Interchange Income

$4M34%

Service Charges on Deposits

$3M24%

Overdraft Fees

$3M22%

Investment and Insurance Commissions

$678,0005%

Other Deposit Related Income

$602,0005%

Asset Management Revenue

$444,0004%

ATM Fees

$336,0003%

Transaction Based Revenue

$234,0002%

Other

$179,0001%

Account Service Charges

$107,0001%