IBCP Q4 2022 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$704M

Q4 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$61M+21.2% YoY

Gross Profit

$49M80.8% margin

Operating Income

$19M30.6% margin

Net Income

$15M24.8% margin

EPS (Diluted)

$0.71

QoQ Revenue Growth

+1.1%

Cash Flow

Operating Cash Flow

-$736,000

Free Cash Flow

-$2M

Stock-Based Comp.

$554,000

Balance Sheet

Total Assets

$5.0B

Total Liabilities

$4.7B

Stockholders' Equity

$348M

Cash & Equivalents

$74M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$61M	$50M	+21.2%
Gross Profit	$49M	$46M	+5.9%
Operating Income	$19M	$15M	+20.1%
Net Income	$15M	$13M	+20.6%