IBCP Q4 2024 Earnings — Independent Bank Corporation Revenue & Financial Results | Market Cap Arena

IBCPIndependent Bank Corporation

$704M

Q4 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$85M+16.0% YoY

Gross Profit

$58M68.4% margin

Operating Income

$23M26.9% margin

Net Income

$18M21.8% margin

EPS (Diluted)

$0.87

QoQ Revenue Growth

+11.2%

Cash Flow

Operating Cash Flow

$16M

Free Cash Flow

$12M

Stock-Based Comp.

$588,000

Balance Sheet

Total Assets

$5.3B

Total Liabilities

$4.9B

Stockholders' Equity

$455M

Cash & Equivalents

$120M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$85M	$73M	+16.0%
Gross Profit	$58M	$48M	+20.8%
Operating Income	$23M	$18M	+26.9%
Net Income	$18M	$14M	+34.3%