Independent Bank Corporat... (IBCP)

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30.66

-0.38 (-1.22%)

At close: Apr 28, 2025, 1:31 PM

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	294.55M	313.26M	288.81M	262.05M	231.97M	203.21M	149.82M	146.52M	149.59M	147.42M	198.91M	194.11M	198.74M	202.26M	207.98M	213.26M	197.52M	190.48M	174.64M	164.76M	164.1M	157.49M	156.6M	157.06M	152.78M	149.17M	140.97M	131.88M	128.41M	126.21M	124.3M	121.88M	117.28M	113.32M	109.39M	109.43M
Cost of Revenue	-7.89M	-7.89M	-2.52M	259K	n/a	n/a	n/a	n/a	n/a	n/a	-49K	-23K	-23K	-23K	67K	152K	152K	152K	-41K	-51K	-51K	-51K	318K	221K	323K	455K	238K	143K	41K	-91K	-91K	n/a	n/a	n/a	n/a	n/a
Gross Profit	302.44M	321.15M	291.33M	261.79M	231.97M	203.21M	149.82M	146.52M	149.59M	147.42M	198.96M	194.13M	198.76M	202.28M	207.91M	213.11M	197.37M	190.33M	174.68M	164.81M	164.15M	157.54M	156.28M	156.84M	152.46M	148.72M	140.74M	131.74M	128.37M	126.3M	124.39M	121.88M	117.28M	113.32M	109.39M	109.43M
Operating Income	44.46M	113.66M	135.31M	129.65M	137.99M	97.76M	102.39M	100.52M	95.39M	83.83M	79.26M	80.08M	85.63M	93.76M	99.49M	103.92M	85.7M	83.58M	78.66M	77.31M	84.11M	78.64M	75.73M	70.5M	66.62M	62.61M	55.48M	51.11M	47.56M	43.97M	42.59M	42.64M	39.78M	39.2M	36.88M	35.86M
Interest Income	266.78M	265.16M	259.26M	250.87M	239.68M	225.29M	207.79M	188.2M	169.01M	154.25M	145.18M	140.32M	138.08M	137.32M	136.5M	136.75M	139.83M	141.28M	144.05M	147.87M	148.93M	148.44M	145.08M	140.61M	130.77M	120.38M	111.3M	101.73M	98.31M	94.44M	90.81M	88.55M	86.52M	85.23M	83.78M	82.64M
Pretax Income	83.05M	78.22M	82.59M	77.62M	73.68M	74.32M	73.91M	71.59M	77.79M	74.67M	73.07M	72.24M	77.31M	82.91M	87.63M	90.87M	69.48M	65.64M	56.84M	51.97M	57.76M	52.74M	52.02M	49.48M	49.13M	48.16M	43.33M	41.04M	38.44M	35.65M	34.98M	35.44M	32.9M	32.71M	30.68M	29.88M
Net Income	66.79M	62.07M	65.81M	62.07M	59.07M	60.41M	60.16M	58.38M	63.35M	60.77M	59.44M	58.83M	62.9M	67.37M	71M	73.38M	56.15M	53.05M	45.91M	41.86M	46.44M	42.49M	41.97M	40.06M	39.84M	31.61M	26.55M	23.66M	20.48M	24.62M	24.13M	24.64M	22.77M	22.48M	21.16M	20.34M
Selling & General & Admin	91.95M	86.91M	86.63M	86.31M	85.44M	86.17M	90.07M	88.55M	91.57M	94.62M	96.09M	98.89M	97.19M	96.86M	96.45M	92.21M	90.33M	88.22M	82.58M	82.9M	82.49M	79.73M	79.2M	79.03M	76.24M	74.19M	71.17M	68.27M	68.23M	67.09M	66.62M	65.37M	63.58M	63.91M	63.13M	62.98M
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	44.29M	-273K	-81.3M	-128.11M	-128.03M	-160.95M	-116.53M	-69.14M	-111.02M	-123.46M	-124.44M	-124.93M	-74.01M	-69.73M	-60.42M	-51.01M	-51.01M	-43.44M	-43.44M	-43.44M	-43.44M	-39.71M	-39.71M	-39.71M	-39.71M	-37.63M	-37.63M	-37.63M	-75.51M	-75.89M	-75.89M	-75.89M	-38.01M	-34.97M	-34.97M	-34.97M
Operating Expenses	128.57M	78.09M	-3.21M	-46.6M	-55.22M	-86.53M	-54.44M	11.89M	-15.23M	-24.61M	-24.29M	-56.56M	-29.45M	-25.51M	-25.59M	-25.39M	-25.19M	-19.75M	-19.7M	-19.44M	-19.45M	-18.48M	-18.52M	-18.6M	-18.83M	-18.8M	-18.86M	-18.89M	-39.74M	-41.26M	-41.33M	-41.37M	-20.49M	-17.12M	-17.16M	-17.2M
Interest Expense	100.53M	78.54M	75.06M	69.67M	60.24M	68.47M	50.5M	33.2M	19.45M	11.01M	8.03M	7.84M	8.31M	10.85M	11.86M	13.05M	16.22M	17.95M	21.82M	25.34M	26.35M	25.9M	23.72M	21.02M	17.49M	14.45M	12.15M	10.07M	9.12M	8.32M	7.61M	7.2M	6.88M	6.49M	6.19M	5.99M
Selling & Marketing Expenses	3.06M	2.74M	2.52M	2.16M	2.17M	1.77M	1.76M	1.89M	2.07M	2.18M	2.5M	2.11M	1.92M	1.91M	1.84M	2.04M	2.23M	2.15M	2.2M	2.46M	2.45M	2.51M	2.47M	2.39M	2.15M	1.93M	1.86M	1.84M	1.91M	2M	1.93M	1.89M	1.86M	2.19M	2.14M	2.11M
Cost & Expenses	223.27M	224.03M	142.73M	53.15M	-3.97M	-86.53M	-54.44M	11.89M	-15.23M	-24.61M	-24.34M	-56.59M	-29.51M	598K	611K	896K	914K	1.44M	1.3M	1.55M	1.52M	1.35M	1.68M	1.5M	1.59M	2.03M	1.72M	1.6M	1.04M	-20.98M	-21.02M	-20.97M	-20.49M	-17.12M	-17.16M	-17.2M
Income Tax Expense	16.26M	16.15M	16.78M	15.55M	14.61M	13.91M	13.75M	13.22M	14.44M	13.9M	13.63M	13.42M	14.42M	15.54M	16.63M	17.49M	13.33M	12.59M	10.94M	10.1M	11.32M	10.25M	10.04M	9.42M	9.29M	16.55M	16.78M	17.38M	17.96M	11.03M	10.85M	10.8M	10.13M	10.23M	9.53M	9.54M
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)	3.20	2.98	3.16	2.97	2.82	2.88	2.86	2.78	3.01	2.88	2.80	2.75	2.91	3.10	3.26	3.36	2.57	2.41	2.06	1.86	2.04	1.83	1.77	1.67	1.70	1.37	1.20	1.11	0.96	1.16	1.14	1.16	1.07	1.04	0.96	0.91
EPS (Diluted)	3.16	2.94	3.12	2.94	2.79	2.85	2.83	2.74	2.97	2.84	2.76	2.71	2.87	3.06	3.22	3.33	2.54	2.38	2.04	1.83	2.01	1.81	1.75	1.65	1.68	1.35	1.18	1.09	0.95	1.14	1.12	1.15	1.06	1.04	0.96	0.90
EBITDA	48M	48M	72.18M	67.24M	63.21M	84.28M	83.95M	80.93M	86.53M	83.78M	82.57M	83.04M	89.44M	95.39M	98.94M	101.39M	78.64M	73.46M	64.35M	58.57M	64.05M	58.67M	57.8M	55.21M	55.2M	53.29M	49.05M	47.23M	44.08M	42.11M	40.81M	30.38M	20.5M	10.68M	n/a	n/a
EBIT	37.99M	37.94M	62.1M	57.13M	53.19M	74.32M	73.91M	70.55M	75.7M	72.58M	70.98M	71.2M	77.31M	82.91M	87.63M	90.87M	69.48M	65.64M	56.84M	51.97M	57.76M	52.74M	52.02M	49.48M	49.13M	48.16M	43.33M	41.04M	38.44M	35.65M	34.98M	25.19M	15.29M	5.64M	-4.83M	-4.68M
Depreciation & Amortization	10.01M	10.06M	10.08M	10.1M	10.02M	9.96M	10.04M	10.38M	10.83M	11.19M	11.59M	11.84M	12.13M	12.47M	11.32M	10.52M	9.16M	7.59M	7.28M	6.38M	6.06M	5.9M	5.75M	5.69M	6.03M	6.44M	7.03M	7.5M	6.96M	6.46M	5.83M	5.19M	5.22M	5.04M	4.83M	4.68M