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Independent Bank Corporation IBCP
Financial Services - Banks - Regional - NASDAQ - US
Watchlist
$ 31.1
-0.766 %
$ 652 M
Market Cap
10.16
P/E
INCOME STATEMENT
216 M REVENUE
7.63%
Growth Rates
1Year 7.63%
3Years 2.73%
5Years 5.63%
7Years 7.70%
10Years 7.53%
83 M OPERATING INCOME
-9.26%
Growth Rates
1Year -9.26%
3Years 2.41%
5Years 7.53%
7Years 8.29%
10Years 9.83%
66.8 M NET INCOME
13.07%
Growth Rates
1Year 13.07%
3Years 2.02%
5Years 7.54%
7Years 18.40%
10Years 14.00%
EFFICIENCY
Earnings Waterfall Independent Bank Corporation
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Revenue 216 M
Cost Of Revenue 0
Gross Profit 216 M
Operating Expenses 216 M
Operating Income 83 M
Other Expenses 16.3 M
Net Income 66.8 M
250m250m200m200m150m150m100m100m50m50m00216m0216m(216m)83m(16m)67mRevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income

Income Statement

Millions
Dec-2024 Dec-2023 Dec-2022 Dec-2021 Dec-2020 Dec-2019 Dec-2018 Dec-2017 Dec-2016 Dec-2015 Dec-2014 Dec-2013 Dec-2012 Dec-2011 Dec-2010 Dec-2009 Dec-2008 Dec-2007 Dec-2006 Dec-2005 Dec-2004 Dec-2003 Dec-2002 Dec-2001 Dec-2000 Dec-1999 Dec-1998 Dec-1997 Dec-1996 Dec-1995 Dec-1994 Dec-1993 Dec-1992 Dec-1991 Dec-1990 Dec-1989 Dec-1988 Dec-1987 Dec-1986
REVENUE
Revenue 215.8 200.5 204.6 199.0 197.5 164.1 153.0 128.4 117.3 108.6 104.4 111.8 127.7 141.5 165.9 197.3 159.9 167.7 165.2 178.6 155.3 137.9 112.7 106.0 89.5 84.1 63.0 51.1 40.3 31.9 28.3 24.0 22.2 19.4 17.0 15.7 0 0 0
GROSS PROFIT
Cost Of Revenue 0 (94.1) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Gross Profit 215.8 294.6 204.6 199.0 197.5 164.1 153.0 128.4 117.3 108.6 104.4 111.8 127.7 141.5 165.9 197.3 159.9 167.7 165.2 178.6 155.3 137.9 112.7 106.0 89.5 84.1 63.0 51.1 40.3 31.9 28.3 24.0 22.2 19.4 17.0 15.7 0 0 0
OPERATING INCOME
Operating Expenses 215.8 109.3 (107.3) (121.7) (128.0) (106.3) (86.3) (80.8) (77.5) (73.3) (71.9) (79.9) (88.4) (141.7) 53.2 67.2 (174.9) (55.8) (26.7) (44.9) (58.0) (42.4) (23.8) (9.8) 5.6 (13.4) (11.8) (3.8) (4.3) (4.5) (7.4) (5.2) (1.7) 4.7 6.4 6.3 1.8 1.5 1.4
Selling, General and Administrative Expenses 91.8 109.3 85.2 97.2 90.3 82.5 76.4 68.2 63.6 62.6 61.4 63.7 71.1 73.5 70.8 67.1 60.7 61.3 50.8 53.7 50.1 43.6 37.3 37.9 33.5 34.3 26.0 20.3 15.7 12.2 10.6 8.5 7.4 6.3 5.6 5.2 0 0 0
Research and Development Expenses 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0
Operating Income 83.0 91.5 97.2 77.3 69.5 57.8 66.6 47.6 39.8 35.2 32.5 31.8 39.3 (0.2) 18.9 (42.9) (15.0) 111.9 138.6 133.7 97.4 95.4 88.9 96.1 95.1 70.7 51.2 47.3 36.0 27.4 20.9 18.8 20.5 24.1 23.4 22.0 1.8 1.5 1.4
PRE-TAX INCOME
Interest Income Expense 100.5 83.3 19.4 8.3 16.2 26.3 17.5 9.1 6.9 5.9 7.3 9.2 13.1 20.2 37.2 50.5 73.6 102.7 93.7 68.6 45.0 44.1 48.0 62.5 67.9 58.7 36.9 34.8 24.8 17.9 12.6 11.3 13.8 18.8 19.4 18.6 0 0 0
Total Other Income 0 (17.8) (17.2) (20.2) (0.4) 0 (3.5) (10.9) (13.2) 1.2 9 K 2.2 (2.8) (20.2) (18.3) (50.5) (73.6) (1.8) (93.1) 1.9 (7.6) (44.1) (48.0) (62.4) (67.9) (58.7) (36.9) (34.8) (24.8) (17.9) (12.6) (11.3) (13.8) (18.7) (19.4) (18.6) 0 0 0
Pre-Tax Income 83.0 73.7 77.8 77.3 69.5 57.8 49.1 38.4 32.9 29.4 25.2 22.7 26.2 (20.4) (18.3) (93.4) (88.6) 8.9 45.5 65.1 52.4 51.3 40.9 33.7 27.3 12.0 14.3 12.5 11.2 9.5 8.3 7.5 6.7 5.4 4.0 3.4 0 0 0
NET INCOME
Tax Provision 16.3 14.6 14.4 14.4 13.3 11.3 9.3 18.0 10.1 9.4 7.2 (54.9) 0 (0.2) (1.6) (3.2) 3.1 (1.1) 11.7 18.2 13.8 13.7 11.4 9.3 7.3 3.3 4.1 3.6 3.3 2.7 2.3 2.1 1.9 1.5 1.1 0.7 (1.8) (1.5) (1.4)
Net Income 66.8 59.1 63.4 62.9 56.2 46.4 39.8 20.5 22.8 20.0 18.0 77.5 26.2 (20.2) (16.7) (90.2) (91.7) 10.4 33.2 46.9 38.6 37.6 29.5 24.4 20.0 8.7 10.2 8.9 7.9 6.8 6.0 5.4 4.8 3.8 2.9 2.7 1.8 1.5 1.4
EPS 3.2 2.82 3 2.91 2.56 2.03 1.7 0.96 1.06 0.88 0.79 5.87 2.51 2.44 3.28 37.8 39.9 4.6 14.5 19.1 16.2 15.8 8.85 6.75 8.08 3.47 4.79 0.17 4.96 4.34 0.63 0.58 0.55 0.49 0.4 0.35 1.6 1.88 1.77