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Independent Bank Corporat... (IBCP)

NASDAQ: IBCP · Real-Time Price · USD

32.48

0.24 (0.74%)

At close: Jun 27, 2025, 1:45 PM

Independent Bank Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	Q1 2025	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	Mar 31, 2025	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	74.73M	84.53M	76.04M	79.75M	76.15M	72.89M	76.4M	71.57M	62.84M	60.73M	60.09M	51.09M	52.12M	50.09M	53.61M	46.21M	57.38M	56.84M	60.45M	52.44M	44.59M	51M	48.17M	46.17M	45.27M	44.12M	45.04M	44.06M	37.23M	37.03M	34.9M	32.88M	32.83M	34.15M	32.41M	29.81M	27.89M
Cost of Revenue	23.36M	26.68M	28.08M	24.87M	25.02M	24.98M	24.81M	23.02M	17.19M	11.69M	8.55M	5.33M	-188K	3.78M	1.76M	707K	1.71M	3.89M	4.04M	8.56M	12.15M	5.98M	6.7M	7.5M	7.06M	6.34M	4.7M	4.77M	3.18M	3.1M	3.04M	2.62M	1.55M	2.03M	1.57M	903K	1.06M
Gross Profit	51.36M	57.86M	47.95M	54.88M	51.13M	47.91M	51.6M	48.55M	45.65M	49.04M	51.53M	45.76M	52.31M	46.32M	51.85M	45.5M	55.67M	52.95M	56.4M	43.89M	32.45M	45.03M	41.47M	38.67M	38.22M	37.78M	40.34M	39.29M	34.06M	33.92M	31.86M	30.26M	31.28M	32.12M	30.83M	28.91M	26.82M
Operating Income	19.13M	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
Interest Income	66.14M	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	19.13M	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	15.59M	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	22.19M	25.76M	21.29M	22.73M	22.28M	20.72M	21.01M	21.78M	20.62M	14.57M	21.54M	20.9M	21.33M	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	17.7M	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	n/a
Other Expenses	10.05M	9.33M	9.37M	8.97M	9.03M	9.24M	8.93M	8.57M	9.16M	15.88M	8.75M	8.98M	8.9M	6.34M	5.83M	6.74M	5.93M	7.7M	6.07M	6.13M	5.97M	5.74M	5.57M	5.46M	6.36M	6.27M	5.68M	8.79M	5.16M	5.44M	5.05M	4.95M	5.21M	7.56M	5.17M	4.39M	5.09M
Operating Expenses	32.24M	35.09M	30.66M	31.71M	31.31M	29.96M	29.95M	30.35M	29.78M	30.45M	30.29M	29.88M	30.23M	30.84M	32.21M	30.45M	28.53M	31.88M	32.04M	25.59M	26.69M	27.8M	25.9M	25.25M	26.67M	25.57M	25.49M	28.41M	22.86M	22.69M	21.84M	21.66M	22.68M	23.68M	21.48M	19.86M	20.77M
Interest Expense	22.46M	24.13M	26.48M	24.99M	24.93M	25.25M	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	861K	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	55.6M	61.76M	58.74M	56.58M	56.33M	54.95M	54.75M	53.37M	46.97M	42.14M	38.84M	35.21M	30.05M	34.62M	33.97M	31.16M	30.24M	35.77M	36.09M	34.15M	38.84M	33.78M	32.6M	32.75M	33.73M	31.92M	30.2M	33.18M	26.04M	25.8M	24.88M	24.29M	24.24M	25.71M	23.05M	20.76M	21.83M
Income Tax Expense	3.54M	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)	20.94M	20.89M	20.9M	20.9M	20.88M	20.84M	20.92M	21.04M	21.1M	21.07M	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	21.25M	21.23M	21.28M	21.75M
Shares Outstanding (Diluted)	21.15M	21.12M	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	23.88M	24.34M	24.52M	24.51M	21.67M	21.66M	21.65M	21.65M	21.64M	21.59M	21.55M	21.64M	22.06M
EPS (Basic)	0.74	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)	0.74	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	21.48M	25.25M	19.8M	25.67M	22.33M	20.49M	24.18M	20.73M	18.3M	21.08M	23.85M	18.75M	24.94M	18.33M	22.64M	18.17M	30.3M	24.27M	26.2M	20.62M	7.55M	18.86M	17.09M	14.84M	13.03M	13.68M	16.21M	12.26M	13.02M	13.11M	11.98M	10.43M	9.87M	9.83M	10.68M	10.25M	7.36M
EBIT	19.13M	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
Depreciation & Amortization	2.35M	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