IBCP Q4 2023 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$704M

Q4 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$73M+20.0% YoY

Gross Profit

$48M65.7% margin

Operating Income

$18M24.6% margin

Net Income

$14M18.9% 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%