IBCP Q4 2018 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q4 2018 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$44M+19.2% YoY

Gross Profit

$38M85.6% margin

Operating Income

$12M27.7% margin

Net Income

$10M22.5% margin

EPS (Diluted)

$0.41

QoQ Revenue Growth

-2.0%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$23M

Stock-Based Comp.

$438,000

Balance Sheet

Total Assets

$3.4B

Total Liabilities

$3.0B

Stockholders' Equity

$339M

Cash & Equivalents

$71M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$44M	$37M	+19.2%
Gross Profit	$38M	$34M	+11.4%
Operating Income	$12M	$11M	+8.7%
Net Income	$10M	$2M	+480.7%

Revenue Segments

Overdraft Fees

$2M64%

Account Service Charges

$538,00016%

ATM Fees

$346,00011%

Other

$285,0009%