Independent Bank Corporat... (IBCP)

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31.04

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At close: Apr 28, 2025, 9:30 AM

Independent Bank Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016
Period Ending	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016
Revenue	60.41M	77.85M	78.85M	77.44M	79.12M	53.4M	52.09M	47.37M	50.35M	18K	48.78M	50.43M	48.18M	51.51M	43.98M	55.06M	51.7M	57.23M	49.26M	39.32M	44.67M	41.39M	39.38M	38.66M	38.06M	40.5M	39.84M	34.38M	34.45M	32.31M	30.75M	30.91M	32.25M	30.4M	28.33M	26.3M
Cost of Revenue	n/a	-5.37M	-2.78M	259K	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	-49K	26K	n/a	n/a	41K	111K	n/a	n/a	-152K	101K	n/a	n/a	217K	4K	102K	132K	n/a	-91K	n/a	n/a	n/a	n/a	n/a
Gross Profit	60.41M	83.22M	81.63M	77.18M	79.12M	53.4M	52.09M	47.37M	50.35M	18K	48.78M	50.43M	48.18M	51.56M	43.96M	55.06M	51.7M	57.19M	49.15M	39.32M	44.67M	41.54M	39.28M	38.66M	38.06M	40.29M	39.84M	34.28M	34.32M	32.31M	30.84M	30.91M	32.25M	30.4M	28.33M	26.3M
Operating Income	n/a	n/a	23.86M	20.6M	69.19M	21.65M	18.2M	28.95M	28.96M	26.27M	16.34M	23.81M	17.41M	21.7M	17.16M	29.36M	25.54M	27.43M	21.59M	11.14M	23.42M	22.51M	20.23M	17.94M	17.96M	19.6M	15.01M	14.06M	13.94M	12.48M	10.63M	10.51M	10.35M	11.1M	10.69M	7.65M
Interest Income	66.98M	68.33M	66.34M	65.13M	65.36M	62.43M	57.95M	53.94M	50.98M	44.92M	38.36M	34.74M	36.22M	35.85M	33.5M	32.5M	35.46M	35.03M	33.75M	35.58M	36.91M	37.81M	37.57M	36.64M	36.42M	34.45M	33.1M	26.8M	26.03M	25.37M	23.53M	23.38M	22.16M	21.75M	21.27M	21.35M
Pretax Income	22.77M	17.29M	23.17M	19.82M	17.95M	21.65M	18.2M	15.88M	18.59M	21.25M	15.88M	22.07M	15.47M	19.64M	15.05M	27.14M	21.07M	24.36M	18.3M	5.75M	17.23M	15.57M	13.42M	11.55M	12.2M	14.85M	10.88M	11.2M	11.23M	10.02M	8.59M	8.6M	8.44M	9.35M	9.05M	6.06M
Net Income	18.46M	13.81M	18.53M	15.99M	13.74M	17.54M	14.79M	12.99M	15.09M	17.3M	13M	17.97M	12.51M	15.96M	12.39M	22.04M	16.99M	19.58M	14.77M	4.81M	13.88M	12.45M	10.73M	9.38M	9.94M	11.93M	8.82M	9.16M	1.71M	6.86M	5.93M	5.97M	5.86M	6.37M	6.44M	4.1M
Selling & General & Admin	25.76M	21.29M	22.73M	22.16M	20.72M	21.01M	22.42M	21.29M	21.45M	24.91M	20.9M	24.3M	24.51M	26.38M	23.71M	22.6M	24.18M	25.98M	19.46M	20.72M	22.06M	20.34M	19.79M	20.3M	19.3M	19.81M	19.62M	17.51M	17.25M	16.79M	16.72M	17.47M	16.12M	16.31M	15.47M	15.68M
Research & Development	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other Expenses	34.64M	28.26M	-9.49M	-9.12M	-9.92M	-52.76M	-56.31M	-9.04M	-42.84M	-8.34M	-8.91M	-50.93M	-55.28M	-9.32M	-9.41M	n/a	-51.01M	n/a	n/a	n/a	-43.44M	n/a	n/a	n/a	-39.71M	n/a	n/a	n/a	-37.63M	n/a	n/a	-37.88M	-38.01M	n/a	n/a	n/a
Operating Expenses	60.41M	49.56M	9.49M	9.12M	9.92M	-31.75M	-33.89M	495K	-21.38M	345K	32.43M	-26.62M	-30.77M	666K	164K	489K	-26.83M	589K	364K	683K	-21.38M	636K	627K	672K	-20.41M	594K	543K	441K	-20.38M	526K	519K	-20.41M	-21.9M	455K	478K	477K
Interest Expense	24.13M	26.48M	24.99M	24.93M	2.14M	23M	19.6M	15.49M	10.38M	5.03M	2.3M	1.74M	1.94M	2.05M	2.11M	2.22M	4.47M	3.07M	3.29M	5.39M	6.2M	6.94M	6.82M	6.39M	5.75M	4.75M	4.12M	2.86M	2.71M	2.46M	2.04M	1.91M	1.91M	1.75M	1.64M	1.59M
Selling & Marketing Expenses	1.2M	581K	788K	491K	879K	360K	431K	495K	489K	345K	560K	680K	599K	666K	164K	489K	594K	589K	364K	683K	515K	636K	627K	672K	577K	594K	543K	441K	354K	526K	519K	506K	446K	455K	478K	477K
Cost & Expenses	60.41M	49.56M	55.69M	57.62M	61.17M	-31.75M	-33.89M	495K	-21.38M	345K	32.43M	-26.62M	-30.77M	617K	190K	457K	-666K	630K	475K	475K	-138K	484K	728K	450K	-309K	811K	547K	543K	132K	496K	428K	-11K	-21.9M	455K	478K	477K
Income Tax Expense	4.31M	3.48M	4.64M	3.83M	4.2M	4.11M	3.41M	2.88M	3.5M	3.95M	2.88M	4.11M	2.96M	3.68M	2.67M	5.11M	4.08M	4.78M	3.52M	945K	3.35M	3.13M	2.69M	2.17M	2.27M	2.92M	2.07M	2.04M	9.52M	3.16M	2.66M	2.62M	2.59M	2.98M	2.61M	1.96M
Shares Outstanding (Basic)	20.9M	20.9M	20.9M	20.88M	20.84M	20.92M	21.04M	21.1M	21.06M	21.06M	21.07M	21.19M	21.26M	21.52M	21.75M	21.83M	21.87M	21.88M	21.89M	22.27M	22.48M	22.49M	23.04M	23.59M	23.99M	24.15M	24.11M	21.36M	21.33M	21.33M	21.33M	21.31M	20.91M	21.23M	21.28M	21.75M
Shares Outstanding (Diluted)	21.11M	21.11M	21.11M	21.08M	21.05M	21.11M	21.22M	21.3M	21.27M	21.25M	21.27M	21.4M	21.47M	21.73M	21.97M	22.06M	22.11M	22.11M	22.11M	22.53M	22.78M	22.77M	23.31M	23.89M	24.34M	24.52M	24.51M	21.67M	21.66M	21.65M	21.65M	21.64M	21.69M	21.55M	21.64M	22.06M
EPS (Basic)	0.88	0.66	0.89	0.77	0.66	0.84	0.70	0.62	0.72	0.82	0.62	0.85	0.59	0.74	0.57	1.01	0.78	0.90	0.67	0.22	0.62	0.55	0.47	0.40	0.41	0.49	0.37	0.43	0.08	0.32	0.28	0.28	0.28	0.30	0.30	0.19
EPS (Diluted)	0.87	0.65	0.88	0.76	0.65	0.83	0.70	0.61	0.71	0.81	0.61	0.84	0.58	0.73	0.56	1.00	0.77	0.89	0.67	0.21	0.61	0.55	0.46	0.39	0.41	0.49	0.36	0.42	0.08	0.32	0.27	0.28	0.27	0.30	0.30	0.19
EBITDA	n/a	n/a	25.67M	22.33M	n/a	24.18M	20.73M	18.3M	21.08M	23.85M	17.7M	23.89M	18.33M	22.64M	18.17M	30.3M	24.27M	26.2M	20.62M	7.55M	19.09M	17.09M	14.84M	13.03M	13.71M	16.21M	12.26M	13.02M	11.8M	11.98M	10.43M	9.87M	9.83M	10.68M	n/a	n/a
EBIT	-2.48M	-2.51M	23.17M	19.82M	-2.54M	21.65M	18.2M	15.88M	18.59M	21.25M	14.84M	21.03M	15.47M	19.64M	15.05M	27.14M	21.07M	24.36M	18.3M	5.75M	17.23M	15.57M	13.42M	11.55M	12.2M	14.85M	10.88M	11.2M	11.23M	10.02M	8.59M	8.6M	8.44M	9.35M	-1.2M	-1.31M
Depreciation & Amortization	2.48M	2.51M	2.5M	2.51M	2.54M	2.53M	2.52M	2.42M	2.49M	2.61M	2.87M	2.87M	2.85M	3M	3.12M	3.16M	3.2M	1.84M	2.33M	1.79M	1.63M	1.52M	1.43M	1.48M	1.47M	1.37M	1.37M	1.82M	1.88M	1.96M	1.84M	1.28M	1.39M	1.32M	1.2M	1.31M