IBCP Q4 2019 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q4 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$51M+15.6% YoY

Gross Profit

$45M88.3% margin

Operating Income

$17M33.8% margin

Net Income

$14M27.2% margin

EPS (Diluted)

$0.61

QoQ Revenue Growth

+5.9%

Cash Flow

Operating Cash Flow

$28M

Free Cash Flow

$26M

Stock-Based Comp.

$506,000

Balance Sheet

Total Assets

$3.6B

Total Liabilities

$3.2B

Stockholders' Equity

$350M

Cash & Equivalents

$66M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$51M	$44M	+15.6%
Gross Profit	$45M	$38M	+19.2%
Operating Income	$17M	$12M	+41.1%
Net Income	$14M	$10M	+39.7%

Revenue Segments

Service Charges on Deposits

$3M28%

Interchange Income

$3M25%

Overdraft Fees

$2M20%

Other Deposit Related Income

$711,0007%

Account Service Charges

$494,0005%

Investment and Insurance Commissions

$461,0005%

ATM Fees

$327,0003%

Asset Management Revenue

$300,0003%

Other

$262,0003%

Transaction Based Revenue

$161,0002%