Independent Bank Corporation (IBCP)

USD 35.47

(-4.93%)

Annual Income Statements

(In USD)
Breakdown 2023 2022 2021 2020 2019 2018
Revenue 200.79 Million 204.57 Million 199.03 Million 197.51 Million 164.09 Million 152.97 Million
Cost of Revenue -93.76 Million - - - - -
Gross Profit 294.55 Million 204.57 Million 199.03 Million 197.51 Million 164.09 Million 152.97 Million
Operating Expenses 109.27 Million -107.33 Million -121.71 Million -128.03 Million -106.33 Million -86.34 Million
Selling, General and Administrative Expenses 109.27 Million 85.22 Million 97.18 Million 90.33 Million 82.48 Million 76.42 Million
Research and Development Expenses - - - - - -
Other Expenses - -192.55 Million -218.9 Million -218.37 Million -188.82 Million -162.77 Million
Cost and Expenses 109.27 Million -107.33 Million -121.71 Million -128.03 Million -106.33 Million -86.34 Million
Operating Income 91.52 Million 97.23 Million 77.31 Million 69.48 Million 57.76 Million 66.62 Million
Interest Expense 83.34 Million 19.44 Million 8.31 Million 16.21 Million 26.34 Million 17.49 Million
Income Tax Expense 14.6 Million 14.43 Million 14.41 Million 13.32 Million 11.32 Million 9.29 Million
Earnings before Tax 73.67 Million 77.78 Million 77.31 Million 69.48 Million 57.76 Million 49.13 Million
Net Income 59.06 Million 63.35 Million 62.89 Million 56.15 Million 46.43 Million 39.83 Million
Earnings Per Share Basic 2.82 3.00 2.91 2.56 2.03 1.70
Earnings Per Share Diluted 2.79 2.97 2.88 2.53 2.00 1.68
Weighted Average Shares Outstanding 20.97 Million 21.09 Million 21.58 Million 21.97 Million 22.89 Million 23.41 Million
Weighted Average Shares Outstanding (Diluted) 21.17 Million 21.29 Million 21.8 Million 22.22 Million 23.18 Million 23.76 Million
Gross Margin 1.47 1.00 1.00 1.00 1.00 1.00
EBIT Margin 0.40 0.53 0.45 0.40 0.39 0.47
Profit Margin 0.29 0.31 0.32 0.28 0.28 0.26
EBITDA 79.42 Million 83.87 Million 83.68 Million 78.64 Million 63.81 Million 55.16 Million
Earnings Before Tax Margin 0.46 0.48 0.39 0.35 0.35 0.44

Income Statement Charts