IBCP Q3 2024 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$704M

Q3 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$76M-0.5% YoY

Gross Profit

$48M63.1% margin

Operating Income

$17M22.7% margin

Net Income

$14M18.2% margin

EPS (Diluted)

$0.65

QoQ Revenue Growth

-4.7%

Cash Flow

Operating Cash Flow

$17M

Free Cash Flow

$16M

Stock-Based Comp.

$574,000

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$4.8B

Stockholders' Equity

$452M

Cash & Equivalents

$122M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$76M	$76M	-0.5%
Gross Profit	$48M	$52M	-7.1%
Operating Income	$17M	$22M	-20.1%
Net Income	$14M	$18M	-21.3%

Revenue Segments

Interchange Income

$4M31%

Service Charges On Deposits

$3M23%

Overdraft Fees

$2M18%

Investment And Insurance Commissions

$881,0007%

Other Deposit Related Income

$724,0005%

Account Service Charges

$593,0004%

Asset Management Revenue

$458,0003%

ATM Fees

$430,0003%

Transaction Based Revenue

$423,0003%

Other

$167,0001%