IBCP Q4 2020 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$681M

Q4 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$57M+11.4% YoY

Gross Profit

$53M93.2% margin

Operating Income

$21M37.1% margin

Net Income

$17M29.9% margin

EPS (Diluted)

$0.77

QoQ Revenue Growth

-6.0%

Cash Flow

Operating Cash Flow

$20M

Free Cash Flow

$18M

Stock-Based Comp.

$474,000

Balance Sheet

Total Assets

$4.2B

Total Liabilities

$3.8B

Stockholders' Equity

$390M

Cash & Equivalents

$119M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$57M	$51M	+11.4%
Gross Profit	$53M	$45M	+17.6%
Operating Income	$21M	$17M	+22.3%
Net Income	$17M	$14M	+22.4%

Revenue Segments

Interchange Income

$3M31%

Service Charges on Deposits

$2M24%

Overdraft Fees

$1M17%

Other Deposit Related Income

$565,0006%

Account Service Charges

$516,0006%

Investment and Insurance Commissions

$493,0005%

Asset Management Revenue

$346,0004%

ATM Fees

$277,0003%

Other

$192,0002%

Transaction Based Revenue

$147,0002%