IBCP Q4 2021 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$704M

Q4 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$50M-11.9% YoY

Gross Profit

$46M92.5% margin

Operating Income

$15M30.9% margin

Net Income

$13M25.0% margin

EPS (Diluted)

$0.58

QoQ Revenue Growth

-6.6%

Cash Flow

Operating Cash Flow

$54M

Free Cash Flow

$53M

Stock-Based Comp.

$501,000

Balance Sheet

Total Assets

$4.7B

Total Liabilities

$4.3B

Stockholders' Equity

$398M

Cash & Equivalents

$109M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$50M	$57M	-11.9%
Gross Profit	$46M	$53M	-12.5%
Operating Income	$15M	$21M	-26.6%
Net Income	$13M	$17M	-26.4%

Revenue Segments

Interchange Income

$3M28%

Service Charges on Deposits

$3M25%

Overdraft Fees

$3M23%

Investment and Insurance Commissions

$708,0006%

Other Deposit Related Income

$655,0006%

Asset Management Revenue

$462,0004%

ATM Fees

$292,0002%

Other

$267,0002%

Transaction Based Revenue

$246,0002%

Account Service Charges

$180,0002%