Independent Bank Corporation
IBCP · NASDAQ
9/30/2025 | 6/30/2025 | 3/31/2025 | 12/31/2024 | |
|---|---|---|---|---|
| Revenue | $79,390 | $76,332 | $74,729 | $84,532 |
| % Growth | 4% | 2.1% | -11.6% | – |
| Cost of Goods Sold | $25,915 | $23,368 | $23,365 | $26,675 |
| Gross Profit | $53,475 | $52,964 | $51,364 | $57,857 |
| % Margin | 67.4% | 69.4% | 68.7% | 68.4% |
| R&D Expenses | $0 | $0 | $0 | $0 |
| G&A Expenses | $22,005 | $22,036 | $21,326 | $24,564 |
| SG&A Expenses | $22,531 | $22,869 | $22,187 | $25,762 |
| Sales & Mktg Exp. | $526 | $833 | $861 | $1,198 |
| Other Operating Expenses | $9,768 | $9,417 | $10,051 | $9,327 |
| Operating Expenses | $32,299 | $32,286 | $32,238 | $35,089 |
| Operating Income | $21,176 | $20,678 | $19,126 | $22,768 |
| % Margin | 26.7% | 27.1% | 25.6% | 26.9% |
| Other Income/Exp. Net | $0 | $0 | $0 | $0 |
| Pre-Tax Income | $21,176 | $20,678 | $19,126 | $22,768 |
| Tax Expense | $3,674 | $3,801 | $3,536 | $4,307 |
| Net Income | $17,502 | $16,877 | $15,590 | $18,461 |
| % Margin | 22% | 22.1% | 20.9% | 21.8% |
| EPS | 0.85 | 0.81 | 0.74 | 0.88 |
| % Growth | 4.9% | 9.5% | -15.9% | – |
| EPS Diluted | 0.84 | 0.81 | 0.74 | 0.87 |
| Weighted Avg Shares Out | 20,702 | 20,750 | 20,943 | 20,894 |
| Weighted Avg Shares Out Dil | 20,905 | 20,946 | 21,150 | 21,122 |
| Supplemental Information | – | – | – | – |
| Interest Income | $69,290 | $66,878 | $66,144 | $66,978 |
| Interest Expense | $23,929 | $22,263 | $22,459 | $24,127 |
| Depreciation & Amortization | $2,761 | $2,405 | $2,352 | $2,483 |
| EBITDA | $23,937 | $23,083 | $21,478 | $25,251 |
| % Margin | 30.2% | 30.2% | 28.7% | 29.9% |