Independent Bank
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Independent Bank's past years’ income statements indicate that its last revenue has decreased compared to the previous period by 2% to $200,499,000. Profit margin reached 29%. Total operating expenses were $109,270,000.
Profit Margin
| 2014 | 104.40M | 18.02M | 17.26% |
|---|---|---|---|
| 2015 | 108.57M | 20.01M | 18.44% |
| 2016 | 117.27M | 22.76M | 19.41% |
| 2017 | 128.41M | 20.47M | 15.95% |
| 2018 | 152.97M | 39.83M | 26.04% |
| 2019 | 164.09M | 46.43M | 28.3% |
| 2020 | 197.51M | 56.15M | 28.43% |
| 2021 | 199.03M | 62.89M | 31.6% |
| 2022 | 204.57M | 63.35M | 30.97% |
| 2023 | 200.49M | 59.06M | 29.46% |
IBCP Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 200.49M | 204.57M | 199.03M | 197.51M | 164.09M | 152.97M | 128.41M | 117.27M | 108.57M | 104.40M |
Cost of revenue | -94.05M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross profit | 294.55M | 204.57M | 199.03M | 197.51M | 164.09M | 152.97M | 128.41M | 117.27M | 108.57M | 104.40M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 2.16M | 2.07M | 1.91M | 2.23M | 2.45M | 2.15M | 1.90M | 1.85M | 2.12M | 2.19M |
Total operating expenses | 109.27M | -107.33M | -121.71M | -128.03M | -106.33M | -86.34M | -80.84M | -77.49M | -73.33M | -71.88M |
Operating income | 91.52M | 97.23M | 77.31M | 69.48M | 57.76M | 66.62M | 47.56M | 39.78M | 35.23M | 32.51M |
Other income (expenses), net | -17.84M | -19.44M | 77.31M | -417K | 57.76M | -17.49M | -10.88M | -6.88M | 1.19M | -9K |
Income before tax | 73.67M | 77.78M | 77.31M | 69.48M | 57.76M | 49.13M | 38.43M | 32.90M | 29.38M | 25.21M |
Income tax expense | 14.60M | 14.43M | 14.41M | 13.32M | 11.32M | 9.29M | 17.96M | 10.13M | 9.36M | 7.19M |
Net income | 59.06M | 63.35M | 62.89M | 56.15M | 46.43M | 39.83M | 20.47M | 22.76M | 20.01M | 18.02M |
Earnings per share | ||||||||||
Basic EPS | 2.82 | 3 | 2.91 | 2.56 | 2.03 | 1.7 | 0.96 | 1.06 | 0.88 | 0.79 |
Diluted EPS | 2.79 | 2.97 | 2.88 | 2.53 | 2 | 1.68 | 0.95 | 1.05 | 0.86 | 0.77 |
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