Independent Bank Corporation
NASDAQ:IBCP
34.3 (USD) • At close September 18, 2024
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
| 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
| 289.699 | 204.571 | 199.032 | 197.519 | 164.096 | 152.971 | 128.41 | 117.275 | 108.572 | 104.402 | 111.757 | 127.709 | 141.482 | 165.862 | 197.264 | 159.87 | 167.736 | 165.247 | 178.614 | 155.331 | 137.857 | 112.718 | 105.984 | 89.511 | 84.1 | 63 | 51.1 | 40.3 | 31.9 | 28.3 | 24 | 22.2 | 19.4 | 17 | 15.7 | 0 | 0 | 0 |
| Cost of Revenue
| -4.856 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Gross Profit
| 294.555 | 204.571 | 199.032 | 197.519 | 164.096 | 152.971 | 128.41 | 117.275 | 108.572 | 104.402 | 111.757 | 127.709 | 141.482 | 165.862 | 197.264 | 159.87 | 167.736 | 165.247 | 178.614 | 155.331 | 137.857 | 112.718 | 105.984 | 89.511 | 84.1 | 63 | 51.1 | 40.3 | 31.9 | 28.3 | 24 | 22.2 | 19.4 | 17 | 15.7 | 0 | 0 | 0 |
| Gross Profit Ratio
| 1.017 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 |
| Reseach & Development Expenses
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| General & Administrative Expenses
| 81.97 | 83.149 | 95.268 | 88.105 | 80.038 | 74.269 | 66.324 | 61.722 | 60.453 | 59.246 | 61.297 | 68.567 | 70.95 | 68.07 | 61.389 | 55.179 | 55.811 | 50.801 | 53.695 | 50.081 | 43.558 | 37.343 | 37.906 | 33.513 | 34.3 | 26 | 20.3 | 15.7 | 12.2 | 10.6 | 8.5 | 7.4 | 6.3 | 5.6 | 5.2 | 0 | 0 | 0 |
| Selling & Marketing Expenses
| 2.165 | 2.074 | 1.918 | 2.23 | 2.45 | 2.155 | 1.905 | 1.856 | 2.121 | 2.193 | 2.433 | 2.494 | 2.503 | 2.712 | 5.696 | 5.534 | 5.514 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A
| 84.135 | 85.223 | 97.186 | 90.335 | 82.488 | 76.424 | 68.229 | 63.578 | 62.574 | 61.439 | 63.73 | 71.061 | 73.453 | 70.782 | 67.085 | 60.713 | 61.325 | 50.801 | 53.695 | 50.081 | 43.558 | 37.343 | 37.906 | 33.513 | 34.3 | 26 | 20.3 | 15.7 | 12.2 | 10.6 | 8.5 | 7.4 | 6.3 | 5.6 | 5.2 | 0 | 0 | 0 |
| Other Expenses
| -36.027 | -192.559 | -218.905 | -218.373 | -188.824 | -162.771 | -149.078 | -141.07 | -135.91 | -133.326 | -143.667 | -159.429 | -215.154 | -17.604 | 0.082 | -235.597 | -117.144 | -77.485 | -98.635 | -108.044 | -85.983 | -61.19 | -47.744 | -27.884 | -47.7 | -37.8 | -24.1 | -20 | -16.7 | -18 | -13.7 | -9.1 | -1.6 | 0.8 | 1.1 | 1.8 | 1.5 | 1.4 |
| Operating Expenses
| 36.027 | -107.336 | -121.719 | -128.038 | -106.336 | -86.347 | -80.849 | -77.492 | -73.336 | -71.887 | -79.937 | -88.368 | -141.701 | 53.178 | 67.167 | -174.884 | -55.819 | -26.684 | -44.94 | -57.963 | -42.425 | -23.847 | -9.838 | 5.629 | -13.4 | -11.8 | -3.8 | -4.3 | -4.5 | -7.4 | -5.2 | -1.7 | 4.7 | 6.4 | 6.3 | 1.8 | 1.5 | 1.4 |
| Operating Income
| 258.065 | 97.235 | 77.313 | 69.481 | 57.76 | 66.624 | 47.561 | 39.783 | 35.236 | 32.515 | 31.82 | 39.341 | -0.219 | 18.899 | -42.904 | -15.014 | 111.917 | 138.563 | 133.674 | 97.368 | 95.432 | 88.871 | 96.146 | 95.14 | 70.7 | 51.2 | 47.3 | 36 | 27.4 | 20.9 | 18.8 | 20.5 | 24.1 | 23.4 | 22 | 1.8 | 1.5 | 1.4 |
| Operating Income Ratio
| 0.891 | 0.475 | 0.388 | 0.352 | 0.352 | 0.436 | 0.37 | 0.339 | 0.325 | 0.311 | 0.285 | 0.308 | -0.002 | 0.114 | -0.217 | -0.094 | 0.667 | 0.839 | 0.748 | 0.627 | 0.692 | 0.788 | 0.907 | 1.063 | 0.841 | 0.813 | 0.926 | 0.893 | 0.859 | 0.739 | 0.783 | 0.923 | 1.242 | 1.376 | 1.401 | 0 | 0 | 0 |
| Total Other Income Expenses Net
| 73.676 | -19.447 | 77.313 | 69.481 | 57.76 | -17.491 | -9.123 | -6.882 | -5.856 | -7.299 | -9.162 | -13.143 | -20.193 | -37.198 | -50.533 | -73.587 | -103.065 | -93.076 | -68.555 | -45.014 | -44.113 | -48.008 | -62.425 | -67.865 | -58.7 | -36.9 | -34.8 | -24.8 | -17.9 | -12.6 | -11.3 | -13.8 | -18.7 | -19.4 | -18.6 | 0 | 0 | 0 |
| Income Before Tax
| 73.676 | 77.788 | 77.313 | 69.481 | 57.76 | 49.133 | 38.438 | 32.901 | 29.38 | 25.216 | 22.658 | 26.198 | -20.412 | -18.299 | -93.437 | -88.601 | 8.852 | 45.487 | 65.119 | 52.354 | 51.319 | 40.863 | 33.721 | 27.275 | 12 | 14.3 | 12.5 | 11.2 | 9.5 | 8.3 | 7.5 | 6.7 | 5.4 | 4 | 3.4 | 0 | 0 | 0 |
| Income Before Tax Ratio
| 0.254 | 0.38 | 0.388 | 0.352 | 0.352 | 0.321 | 0.299 | 0.281 | 0.271 | 0.242 | 0.203 | 0.205 | -0.144 | -0.11 | -0.474 | -0.554 | 0.053 | 0.275 | 0.365 | 0.337 | 0.372 | 0.363 | 0.318 | 0.305 | 0.143 | 0.227 | 0.245 | 0.278 | 0.298 | 0.293 | 0.313 | 0.302 | 0.278 | 0.235 | 0.217 | 0 | 0 | 0 |
| Income Tax Expense
| 14.609 | 14.437 | 14.418 | 13.329 | 11.325 | 9.294 | 17.963 | 10.135 | 9.363 | 7.195 | -54.851 | 0 | -0.212 | -1.59 | -3.21 | 3.063 | -1.103 | 11.662 | 18.207 | 13.796 | 13.727 | 11.396 | 9.288 | 7.266 | 3.3 | 4.1 | 3.6 | 3.3 | 2.7 | 2.3 | 2.1 | 1.9 | 1.5 | 1.1 | 0.7 | -1.8 | -1.5 | -1.4 |
| Net Income
| 59.067 | 63.351 | 62.895 | 56.152 | 46.435 | 39.839 | 20.475 | 22.766 | 20.017 | 18.021 | 77.509 | 26.198 | -20.2 | -16.709 | -90.227 | -91.664 | 10.357 | 33.203 | 46.912 | 38.558 | 37.592 | 29.467 | 24.398 | 20.009 | 8.7 | 10.2 | 8.9 | 7.9 | 6.8 | 6 | 5.4 | 4.8 | 3.8 | 2.9 | 2.7 | 1.8 | 1.5 | 1.4 |
| Net Income Ratio
| 0.204 | 0.31 | 0.316 | 0.284 | 0.283 | 0.26 | 0.159 | 0.194 | 0.184 | 0.173 | 0.694 | 0.205 | -0.143 | -0.101 | -0.457 | -0.573 | 0.062 | 0.201 | 0.263 | 0.248 | 0.273 | 0.261 | 0.23 | 0.224 | 0.103 | 0.162 | 0.174 | 0.196 | 0.213 | 0.212 | 0.225 | 0.216 | 0.196 | 0.171 | 0.172 | 0 | 0 | 0 |
| EPS
| 2.82 | 3 | 2.91 | 2.56 | 2.03 | 1.7 | 0.96 | 1.06 | 0.88 | 0.79 | 5.87 | 2.51 | -2.44 | -3.28 | -37.81 | -39.88 | 4.6 | 14.5 | 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 | 0.4 | 0.35 | 1.6 | 1.88 | 1.77 |
| EPS Diluted
| 2.79 | 2.97 | 2.88 | 2.53 | 2 | 1.68 | 0.95 | 1.05 | 0.86 | 0.77 | 3.55 | 0.8 | -0.29 | -0.4 | -37.7 | -39.77 | 4.5 | 14.3 | 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 | 1.6 | 1.88 | 1.77 |
| EBITDA
| 5.747 | 108.062 | 89.443 | 78.642 | 63.819 | 72.657 | 54.518 | 44.999 | 39.789 | 35.529 | 29.623 | 34.623 | -11.52 | -8.821 | -86.241 | -37.792 | 99.362 | 128.724 | 121.176 | 94.367 | 103.202 | 95.382 | 102.705 | 101.68 | 76.8 | 55.7 | 51.5 | 38.8 | 29.6 | 21.4 | 20.4 | 21.5 | 24.5 | 23.8 | 22.7 | 1.8 | 1.5 | 1.4 |
| EBITDA Ratio
| 0.02 | 0.528 | 0.449 | 0.398 | 0.389 | 0.475 | 0.425 | 0.384 | 0.366 | 0.34 | 0.265 | 0.271 | -0.081 | -0.053 | -0.437 | -0.236 | 0.592 | 0.779 | 0.678 | 0.608 | 0.749 | 0.846 | 0.969 | 1.136 | 0.913 | 0.884 | 1.008 | 0.963 | 0.928 | 0.756 | 0.85 | 0.968 | 1.263 | 1.4 | 1.446 | 0 | 0 | 0 |