See more : Northwest Bancshares, Inc. (NWBI) Income Statement Analysis – Financial Results
Complete financial analysis of Independent Bank Corporation (IBCP) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Independent Bank Corporation, a leading company in the Banks – Regional industry within the Financial Services sector.
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Independent Bank Corporation (IBCP)
About Independent Bank Corporation
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 200.50M | 204.57M | 199.03M | 197.52M | 164.10M | 152.97M | 128.41M | 117.28M | 108.57M | 104.40M | 111.76M | 127.71M | 141.48M | 165.86M | 197.26M | 159.87M | 167.74M | 165.25M | 178.61M | 155.33M | 137.86M | 112.72M | 105.98M | 89.51M | 84.10M | 63.00M | 51.10M | 40.30M | 31.90M | 28.30M | 24.00M | 22.20M | 19.40M | 17.00M | 15.70M | 0.00 | 0.00 | 0.00 |
Cost of Revenue | -94.06M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Gross Profit | 294.56M | 204.57M | 199.03M | 197.52M | 164.10M | 152.97M | 128.41M | 117.28M | 108.57M | 104.40M | 111.76M | 127.71M | 141.48M | 165.86M | 197.26M | 159.87M | 167.74M | 165.25M | 178.61M | 155.33M | 137.86M | 112.72M | 105.98M | 89.51M | 84.10M | 63.00M | 51.10M | 40.30M | 31.90M | 28.30M | 24.00M | 22.20M | 19.40M | 17.00M | 15.70M | 0.00 | 0.00 | 0.00 |
Gross Profit Ratio | 146.91% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% |
Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
General & Administrative | 81.97M | 83.15M | 95.27M | 88.11M | 80.04M | 74.27M | 66.32M | 61.72M | 60.45M | 59.25M | 61.30M | 68.57M | 70.95M | 68.07M | 61.39M | 55.18M | 55.81M | 50.80M | 53.70M | 50.08M | 43.56M | 37.34M | 37.91M | 33.51M | 34.30M | 26.00M | 20.30M | 15.70M | 12.20M | 10.60M | 8.50M | 7.40M | 6.30M | 5.60M | 5.20M | 0.00 | 0.00 | 0.00 |
Selling & Marketing | 2.17M | 2.07M | 1.92M | 2.23M | 2.45M | 2.16M | 1.91M | 1.86M | 2.12M | 2.19M | 2.43M | 2.49M | 2.50M | 2.71M | 5.70M | 5.53M | 5.51M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
SG&A | 109.27M | 85.22M | 97.19M | 90.34M | 82.49M | 76.42M | 68.23M | 63.58M | 62.57M | 61.44M | 63.73M | 71.06M | 73.45M | 70.78M | 67.09M | 60.71M | 61.33M | 50.80M | 53.70M | 50.08M | 43.56M | 37.34M | 37.91M | 33.51M | 34.30M | 26.00M | 20.30M | 15.70M | 12.20M | 10.60M | 8.50M | 7.40M | 6.30M | 5.60M | 5.20M | 0.00 | 0.00 | 0.00 |
Other Expenses | 0.00 | -192.56M | -218.91M | -218.37M | -188.82M | -162.77M | -149.08M | -141.07M | -135.91M | -133.33M | -143.67M | -159.43M | -215.15M | -17.60M | 82.00K | -235.60M | -117.14M | -77.49M | -98.64M | -108.04M | -85.98M | -61.19M | -47.74M | -27.88M | -47.70M | -37.80M | -24.10M | -20.00M | -16.70M | -18.00M | -13.70M | -9.10M | -1.60M | 800.00K | 1.10M | 1.80M | 1.50M | 1.40M |
Operating Expenses | 109.27M | -107.34M | -121.72M | -128.04M | -106.34M | -86.35M | -80.85M | -77.49M | -73.34M | -71.89M | -79.94M | -88.37M | -141.70M | 53.18M | 67.17M | -174.88M | -55.82M | -26.68M | -44.94M | -57.96M | -42.43M | -23.85M | -9.84M | 5.63M | -13.40M | -11.80M | -3.80M | -4.30M | -4.50M | -7.40M | -5.20M | -1.70M | 4.70M | 6.40M | 6.30M | 1.80M | 1.50M | 1.40M |
Cost & Expenses | 109.27M | -107.34M | -121.72M | -128.04M | -106.34M | -86.35M | -80.85M | -77.49M | -73.34M | -71.89M | -79.94M | -88.37M | -141.70M | 53.18M | 67.17M | -174.88M | -55.82M | -26.68M | -44.94M | -57.96M | -42.43M | -23.85M | -9.84M | 5.63M | -13.40M | -11.80M | -3.80M | -4.30M | -4.50M | -7.40M | -5.20M | -1.70M | 4.70M | 6.40M | 6.30M | 1.80M | 1.50M | 1.40M |
Interest Income | 239.68M | 169.01M | 138.08M | 139.83M | 148.93M | 130.77M | 98.31M | 86.52M | 80.84M | 80.56M | 87.12M | 99.40M | 114.76M | 148.85M | 189.06M | 203.74M | 223.25M | 216.90M | 204.92M | 162.55M | 139.37M | 129.82M | 141.36M | 138.42M | 125.50M | 86.10M | 77.40M | 59.50M | 46.00M | 37.80M | 31.50M | 33.40M | 35.90M | 34.00M | 32.40M | 0.00 | 0.00 | 0.00 |
Interest Expense | 83.35M | 19.45M | 8.32M | 16.22M | 26.35M | 17.49M | 9.12M | 6.88M | 5.86M | 7.30M | 9.16M | 13.14M | 20.19M | 37.20M | 50.53M | 73.59M | 102.66M | 93.70M | 68.56M | 45.01M | 44.11M | 48.01M | 62.46M | 67.87M | 58.70M | 36.90M | 34.80M | 24.80M | 17.90M | 12.60M | 11.30M | 13.80M | 18.80M | 19.40M | 18.60M | 0.00 | 0.00 | 0.00 |
Depreciation & Amortization | 5.75M | 6.09M | 6.37M | 6.32M | 6.29M | 6.07M | 5.65M | 6.15M | 4.55M | 3.01M | -2.20M | -4.72M | -11.30M | -27.72M | -43.34M | -22.78M | -12.56M | -9.84M | -12.50M | -3.00M | 7.77M | 6.51M | 6.56M | 6.54M | 6.10M | 4.50M | 4.20M | 2.80M | 2.20M | 500.00K | 1.60M | 1.00M | 400.00K | 400.00K | 700.00K | 0.00 | 0.00 | 0.00 |
EBITDA | 79.42M | 83.87M | 83.68M | 78.64M | 63.82M | 55.17M | 39.43M | 38.12M | 33.93M | 0.00 | 29.62M | 34.86M | 0.00 | 37.70M | -67.68M | -50.34M | 0.00 | 75.42M | 50.27M | 69.01M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.80M | 1.50M | 1.40M |
EBITDA Ratio | 39.61% | 52.82% | 44.94% | 39.81% | 38.89% | 47.50% | 42.46% | 38.37% | 36.65% | 34.03% | 26.51% | 27.11% | -8.14% | -5.32% | -43.72% | -23.64% | 59.24% | 77.90% | 67.84% | 60.75% | 74.86% | 84.62% | 96.91% | 113.59% | 91.32% | 88.41% | 100.78% | 96.28% | 92.79% | 75.62% | 85.00% | 96.85% | 126.29% | 140.00% | 144.59% | 0.00% | 0.00% | 0.00% |
Operating Income | 91.53M | 97.24M | 77.31M | 69.48M | 57.76M | 66.62M | 47.56M | 39.78M | 35.24M | 32.52M | 31.82M | 39.34M | -219.00K | 18.90M | -42.90M | -15.01M | 111.92M | 138.56M | 133.67M | 97.37M | 95.43M | 88.87M | 96.15M | 95.14M | 70.70M | 51.20M | 47.30M | 36.00M | 27.40M | 20.90M | 18.80M | 20.50M | 24.10M | 23.40M | 22.00M | 1.80M | 1.50M | 1.40M |
Operating Income Ratio | 45.65% | 47.53% | 38.84% | 35.18% | 35.20% | 43.55% | 37.04% | 33.92% | 32.45% | 31.14% | 28.47% | 30.81% | -0.15% | 11.39% | -21.75% | -9.39% | 66.72% | 83.85% | 74.84% | 62.68% | 69.23% | 78.84% | 90.72% | 106.29% | 84.07% | 81.27% | 92.56% | 89.33% | 85.89% | 73.85% | 78.33% | 92.34% | 124.23% | 137.65% | 140.13% | 0.00% | 0.00% | 0.00% |
Total Other Income/Expenses | -17.85M | -17.16M | -20.20M | -417.00K | 0.00 | -3.47M | -10.88M | -13.18M | 1.19M | -9.00K | 2.20M | -2.79M | -20.19M | -18.30M | -50.53M | -73.59M | -1.77M | -93.08M | 1.95M | -7.58M | -44.11M | -48.01M | -62.43M | -67.87M | -58.70M | -36.90M | -34.80M | -24.80M | -17.90M | -12.60M | -11.30M | -13.80M | -18.70M | -19.40M | -18.60M | 0.00 | 0.00 | 0.00 |
Income Before Tax | 73.68M | 77.79M | 77.31M | 69.48M | 57.76M | 49.13M | 38.44M | 32.90M | 29.38M | 25.22M | 22.66M | 26.20M | -20.41M | -18.30M | -93.44M | -88.60M | 8.85M | 45.49M | 65.12M | 52.35M | 51.32M | 40.86M | 33.72M | 27.28M | 12.00M | 14.30M | 12.50M | 11.20M | 9.50M | 8.30M | 7.50M | 6.70M | 5.40M | 4.00M | 3.40M | 0.00 | 0.00 | 0.00 |
Income Before Tax Ratio | 36.75% | 38.02% | 38.84% | 35.18% | 35.20% | 32.12% | 29.93% | 28.05% | 27.06% | 24.15% | 20.27% | 20.51% | -14.43% | -11.03% | -47.37% | -55.42% | 5.28% | 27.53% | 36.46% | 33.70% | 37.23% | 36.25% | 31.82% | 30.47% | 14.27% | 22.70% | 24.46% | 27.79% | 29.78% | 29.33% | 31.25% | 30.18% | 27.84% | 23.53% | 21.66% | 0.00% | 0.00% | 0.00% |
Income Tax Expense | 14.61M | 14.44M | 14.42M | 13.33M | 11.33M | 9.29M | 17.96M | 10.14M | 9.36M | 7.20M | -54.85M | 0.00 | -212.00K | -1.59M | -3.21M | 3.06M | -1.10M | 11.66M | 18.21M | 13.80M | 13.73M | 11.40M | 9.29M | 7.27M | 3.30M | 4.10M | 3.60M | 3.30M | 2.70M | 2.30M | 2.10M | 1.90M | 1.50M | 1.10M | 700.00K | -1.80M | -1.50M | -1.40M |
Net Income | 59.07M | 63.35M | 62.90M | 56.15M | 46.44M | 39.84M | 20.48M | 22.77M | 20.02M | 18.02M | 77.51M | 26.20M | -20.20M | -16.71M | -90.23M | -91.66M | 10.36M | 33.20M | 46.91M | 38.56M | 37.59M | 29.47M | 24.40M | 20.01M | 8.70M | 10.20M | 8.90M | 7.90M | 6.80M | 6.00M | 5.40M | 4.80M | 3.80M | 2.90M | 2.70M | 1.80M | 1.50M | 1.40M |
Net Income Ratio | 29.46% | 30.97% | 31.60% | 28.43% | 28.30% | 26.04% | 15.95% | 19.41% | 18.44% | 17.26% | 69.35% | 20.51% | -14.28% | -10.07% | -45.74% | -57.34% | 6.17% | 20.09% | 26.26% | 24.82% | 27.27% | 26.14% | 23.02% | 22.35% | 10.34% | 16.19% | 17.42% | 19.60% | 21.32% | 21.20% | 22.50% | 21.62% | 19.59% | 17.06% | 17.20% | 0.00% | 0.00% | 0.00% |
EPS | 2.82 | 3.00 | 2.91 | 2.56 | 2.03 | 1.70 | 0.96 | 1.06 | 0.88 | 0.79 | 5.87 | 2.51 | -2.44 | -3.28 | -37.81 | -39.88 | 4.60 | 14.50 | 19.14 | 16.24 | 15.78 | 8.85 | 6.75 | 8.08 | 3.47 | 4.79 | 0.17 | 4.96 | 4.34 | 0.63 | 0.58 | 0.55 | 0.49 | 0.40 | 0.35 | 1.60 | 1.88 | 1.77 |
EPS Diluted | 2.79 | 2.97 | 2.88 | 2.53 | 2.00 | 1.68 | 0.95 | 1.05 | 0.86 | 0.77 | 3.55 | 0.80 | -0.29 | -0.40 | -37.70 | -39.77 | 4.50 | 14.30 | 18.76 | 15.96 | 15.42 | 8.69 | 6.65 | 8.03 | 3.42 | 4.75 | 0.17 | 4.96 | 4.34 | 0.63 | 0.58 | 0.55 | 0.43 | 0.33 | 0.29 | 1.60 | 1.88 | 1.77 |
Weighted Avg Shares Out | 20.98M | 21.10M | 21.59M | 21.98M | 22.89M | 23.41M | 21.33M | 21.48M | 22.72M | 22.93M | 13.97M | 8.71M | 8.28M | 5.09M | 2.39M | 2.30M | 2.26M | 2.29M | 2.39M | 2.48M | 2.38M | 2.35M | 2.42M | 2.48M | 2.51M | 1.63M | 1.60M | 1.59M | 1.57M | 1.57M | 1.43M | 1.43M | 1.42M | 1.15M | 1.14M | 1.12M | 798.14K | 790.33K |
Weighted Avg Shares Out (Dil) | 21.17M | 21.30M | 21.81M | 22.22M | 23.18M | 23.77M | 21.65M | 21.68M | 23.18M | 23.47M | 21.86M | 32.89M | 69.69M | 41.47M | 2.39M | 2.30M | 2.28M | 2.32M | 2.44M | 2.53M | 2.44M | 2.39M | 2.46M | 2.49M | 2.54M | 1.63M | 1.60M | 1.59M | 1.57M | 1.57M | 1.43M | 1.43M | 1.42M | 1.15M | 1.14M | 1.12M | 798.14K | 790.33K |
Independent Bank (IBCP) Q3 Earnings and Revenues Top Estimates
Independent Bank Corporation Reports 2023 Third Quarter Results
Independent Bank Corporation Announces Quarterly Cash Dividend On Common Stock
Independent Bank Corporation Announces Date for Its Third Quarter 2023 Earnings Release
Independent Bank Corporation (IBCP) Q2 2023 Earnings Call Transcript
Independent Bank (IBCP) Q2 Earnings and Revenues Top Estimates
Independent Bank (IBCP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
Independent Bank Corporation Reports 2023 Second Quarter Results
Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
Earnings Preview: Independent Bank (IBCP) Q2 Earnings Expected to Decline
Source: https://incomestatements.info
Category: Stock Reports