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IBCP Q4 2023 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena
IBCP
Independent Bank Corporation
$704M
Q4 2023 Earnings
Financial Services
Banks - Regional
Income Statement
Revenue
$73M
+20.0% YoY
Gross Profit
$48M
65.7% margin
Operating Income
$18M
24.6% margin
Net Income
$14M
18.9% margin
EPS (Diluted)
$0.65
QoQ Revenue Growth
-4.6%
Cash Flow
Operating Cash Flow
$17M
Free Cash Flow
$15M
Stock-Based Comp.
$559,000
Balance Sheet
Total Assets
$5.3B
Total Liabilities
$4.9B
Stockholders' Equity
$404M
Cash & Equivalents
$170M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$73M
$61M
+20.0%
Gross Profit
$48M
$49M
-2.3%
Operating Income
$18M
$19M
-3.5%
Net Income
$14M
$15M
-8.9%
← FY 2023
All Quarters
Q1 2024 →