IBCP
Independent Bank Corporation
NASDAQ · Financial Services · Banks - Regional · US
$37.37
+0.97%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 316.0M | 315.4M | 316.3M | 283.8M | 224.2M |
| Cost of Revenue | 90.7M | 95.9M | 104.7M | 90.0M | 25.4M |
| Gross Profit | 225.3M | 219.5M | 211.7M | 193.8M | 198.8M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 105.5M | 97.2M | 91.8M | 85.1M | 86.1M |
| General & Admin Expense | 103.8M | 97.2M | 88.8M | 82.9M | 84.0M |
| Selling & Marketing Expense | 1.7M | — | 3.1M | 2.2M | 2.1M |
| Other Expenses | 35.4M | 41.0M | 36.8M | 35.1M | 34.9M |
| Total Operating Expenses | 140.9M | 138.2M | 128.6M | 120.2M | 121.0M |
| Cost and Expenses | 231.6M | 234.1M | 233.3M | 210.2M | 146.4M |
| Operating Income (EBIT) | 84.4M | 81.3M | 83.0M | 73.7M | 77.8M |
| Non-Operating | |||||
| Interest Income | 270.2M | 269.7M | 266.8M | 239.7M | 169.0M |
| Interest Expense | 83.7M | 89.7M | 100.5M | 83.3M | 19.4M |
| Net Interest Income | 186.5M | 180.0M | 166.2M | 156.3M | 149.6M |
| Other Non-Op Income/Expense | — | — | — | — | — |
| Non-Operating Income (excl Interest) | — | — | — | — | — |
| EBT (Pre-Tax Income) | 84.4M | 81.3M | 83.0M | 73.7M | 77.8M |
| Income Tax Expense | 12.7M | 12.8M | 16.3M | 14.6M | 14.4M |
| Bottom Line | |||||
| Net Income | 71.8M | 68.5M | 66.8M | 59.1M | 63.4M |
| Earnings from Cont. Ops | 71.8M | 68.5M | 66.8M | 59.1M | 63.4M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 71.8M | 68.5M | 66.8M | 59.1M | 63.4M |
| Per Share | |||||
| Basic EPS | $3.48 | $3.30 | $3.20 | $2.82 | $3.00 |
| Diluted EPS | $3.44 | $3.27 | $3.16 | $2.79 | $2.97 |
| Revenue Per Share | $15.34 | $15.26 | $15.16 | $13.55 | $10.62 |
| Shares | |||||
| Basic Shares Outstanding | 20.6M | 20.7M | 20.9M | 20.9M | 21.1M |
| Diluted Shares Outstanding | 20.8M | 20.9M | 21.1M | 21.2M | 21.3M |
| Profitability Metrics | |||||
| EBITDA | 94.3M | 91.2M | 93.1M | 83.7M | 88.6M |
| D&A | 9.9M | 9.9M | 10.0M | 10.0M | 10.8M |
| EBIT | 84.4M | 81.3M | 83.0M | 73.7M | 77.8M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026