IBCP Income Statement - TTM - Independent Bank Corporation

Income Statement (TTM)

Independent Bank Corporation Income Statement shows changes in income and expenses over a period of time. Income Statement data includes Sales and Revenue, Gross Profit, Research and Development (R&D), Selling, General and Administrative Expense (SG&A), Operating Income, Income Tax Expense, Interest Expense, Non-Operating Income, Earnings per Share (EPS), and Shares Outstanding.

All numbers are times 1,000,000 except per share units.

	2020 09-30	2020 12-31	2021 03-31	2021 06-30	2021 09-30	2021 12-31	2022 03-31	2022 06-30	2022 09-30	2022 12-31	2023 03-31	2023 06-30	2023 09-30	2023 12-31	2024 03-31	2024 06-30	2024 09-30	2024 12-31	2025 03-31	2025 06-30
Revenue	185	192	215	217	213	208	205	205	205	206	199	202	202	201	206	212	208	218	220	217
Change (%)		3.93	11.82	0.91	-1.78	-2.05	-1.75	0.35	-0.26	0.61	-3.25	1.07	0.04	-0.42	2.58	2.94	-1.80	4.77	0.63	-0.94
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

Cost Of Sales
Change (%)
% of Revenue

Gross Operating Profit	185	192	215	217	213	208	205	205	205	206	199	202	202	201	206	212	208	218	220	217
Change (%)		3.93	11.82	0.91	-1.78	-2.05	-1.75	0.35	-0.26	0.61	-3.25	1.07	0.04	-0.42	2.58	2.94	-1.80	4.77	0.63	-0.94
% of Revenue	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00

SG&A	102	104	106	110	110	111	113	113	111	111	111	111	110	109	111	112	113	118	118	119
Change (%)		1.54	1.80	4.13	0.34	0.39	1.58	0.30	-1.56	0.02	-0.61	0.33	-0.48	-0.96	1.34	1.23	0.56	4.52	0.43	0.37
% of Revenue	55.36	54.09	49.24	50.81	51.91	53.19	55.00	54.97	54.26	53.94	55.41	55.00	54.72	54.42	53.76	52.87	54.14	54.01	53.90	54.62

R&D
Change (%)
% of Revenue

OpEx	118	120	122	127	128	130	131	131	128	126	125	125	125	124	125	126	127	132	134	135
Change (%)		2.46	1.26	4.55	0.73	0.95	0.82	-0.06	-1.83	-1.58	-0.60	-0.38	-0.33	-0.35	1.00	0.91	0.44	4.07	1.62	0.36
% of Revenue	63.64	62.74	56.82	58.87	60.37	62.22	63.84	63.58	62.58	61.22	62.90	62.00	61.77	61.81	60.86	59.66	61.02	60.61	61.21	62.01

Operating Income	67	71	93	89	84	79	74	75	77	80	74	77	77	77	81	86	81	86	85	83
Change (%)		6.49	29.61	-3.89	-5.37	-6.61	-5.97	1.08	2.47	4.27	-7.43	3.53	0.64	-0.54	5.14	6.09	-5.11	5.86	-0.89	-2.99
% of Revenue	36.36	37.26	43.18	41.13	39.63	37.78	36.16	36.42	37.42	38.78	37.10	38.00	38.23	38.19	39.14	40.34	38.98	39.39	38.79	37.99

Interest Expense
Change (%)
% of Revenue

Net Income	53	56	73	71	67	63	59	59	61	63	58	60	60	59	62	66	62	67	66	65
Change (%)		5.86	30.68	-3.25	-5.10	-6.65	-6.47	1.04	2.25	4.24	-7.85	3.06	0.41	-2.22	5.08	6.02	-5.67	7.60	-0.60	-2.49
% of Revenue	28.73	29.26	34.20	32.79	31.68	30.19	28.74	28.94	29.66	30.73	29.27	29.85	29.96	29.42	30.13	31.04	29.81	30.62	30.24	29.77

Source: Capital IQ

Independent Bank Corporation - Income Statement (TTM)

Income Statement (TTM)