IBCP Q3 2022 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q3 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$60M+12.1% YoY

Gross Profit

$52M85.8% margin

Operating Income

$21M35.4% margin

Net Income

$17M28.8% margin

EPS (Diluted)

$0.81

QoQ Revenue Growth

+17.6%

Cash Flow

Operating Cash Flow

$33M

Free Cash Flow

$32M

Stock-Based Comp.

$535,000

Balance Sheet

Total Assets

$4.9B

Total Liabilities

$4.6B

Stockholders' Equity

$332M

Cash & Equivalents

$71M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$60M	$54M	+12.1%
Gross Profit	$52M	$52M	-0.6%
Operating Income	$21M	$20M	+8.2%
Net Income	$17M	$16M	+8.4%

Revenue Segments

Interchange Income

$4M32%

Service Charges on Deposits

$3M24%

Overdraft Fees

$2M20%

Investment and Insurance Commissions

$749,0006%

Other Deposit Related Income

$644,0005%

Account Service Charges

$436,0003%

Asset Management Revenue

$433,0003%

ATM Fees

$318,0002%

Transaction Based Revenue

$316,0002%

Other

$239,0002%