Independent Bank Corporation
IBCP · NASDAQ
12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |
|---|---|---|---|---|
| Revenue | $316 | $284 | $224 | $207 |
| % Growth | 11.5% | 26.6% | 8.3% | – |
| Cost of Goods Sold | $105 | $90 | $25 | $8 |
| Gross Profit | $212 | $194 | $199 | $200 |
| % Margin | 66.9% | 68.3% | 88.7% | 96.3% |
| R&D Expenses | $0 | $0 | $0 | $0 |
| G&A Expenses | $89 | $83 | $84 | $81 |
| SG&A Expenses | $92 | $85 | $86 | $83 |
| Sales & Mktg Exp. | $3 | $2 | $2 | $2 |
| Other Operating Expenses | $37 | $35 | $35 | $39 |
| Operating Expenses | $129 | $120 | $121 | $122 |
| Operating Income | $83 | $74 | $78 | $77 |
| % Margin | 26.3% | 26% | 34.7% | 37.3% |
| Other Income/Exp. Net | $0 | $0 | $0 | $0 |
| Pre-Tax Income | $83 | $74 | $78 | $77 |
| Tax Expense | $16 | $15 | $14 | $14 |
| Net Income | $67 | $59 | $63 | $63 |
| % Margin | 21.1% | 20.8% | 28.3% | 30.4% |
| EPS | 3.2 | 2.82 | 3 | 2.91 |
| % Growth | 13.5% | -6% | 3.1% | – |
| EPS Diluted | 3.16 | 2.79 | 2.97 | 2.88 |
| Weighted Avg Shares Out | 21 | 21 | 21 | 22 |
| Weighted Avg Shares Out Dil | 21 | 21 | 21 | 22 |
| Supplemental Information | – | – | – | – |
| Interest Income | $267 | $240 | $169 | $138 |
| Interest Expense | $101 | $83 | $19 | $8 |
| Depreciation & Amortization | $10 | $10 | $11 | $12 |
| EBITDA | $93 | $84 | $89 | $89 |
| % Margin | 29.4% | 29.5% | 39.5% | 43.2% |