Independent Bank Corp (Michigan)
NASDAQ:IBCP
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| 52 Week Range |
21.25
38.99
|
| Price Target |
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Independent Bank Corp (Michigan)
Income Statement
Income Statement
Independent Bank Corp (Michigan)
| Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||||||||||||||||||||||||||||||
| Net Interest Income |
75
|
73
|
73
|
73
|
74
|
75
|
77
|
78
|
79
|
80
|
81
|
83
|
86
|
89
|
92
|
99
|
106
|
113
|
120
|
121
|
123
|
123
|
123
|
122
|
123
|
124
|
124
|
125
|
126
|
130
|
132
|
137
|
143
|
150
|
155
|
157
|
157
|
156
|
158
|
161
|
164
|
|
| Interest Income |
82
|
81
|
80
|
80
|
80
|
81
|
83
|
84
|
85
|
87
|
89
|
91
|
94
|
98
|
102
|
111
|
120
|
131
|
141
|
145
|
148
|
149
|
148
|
144
|
141
|
140
|
137
|
136
|
137
|
138
|
140
|
145
|
154
|
169
|
188
|
208
|
225
|
240
|
251
|
259
|
265
|
|
| Interest Expense |
8
|
7
|
7
|
7
|
6
|
6
|
6
|
6
|
6
|
7
|
7
|
8
|
8
|
9
|
10
|
12
|
14
|
18
|
21
|
24
|
26
|
26
|
25
|
22
|
18
|
16
|
13
|
12
|
11
|
8
|
8
|
8
|
11
|
19
|
33
|
51
|
68
|
83
|
93
|
98
|
102
|
|
| Non Interest Income |
40
|
39
|
39
|
40
|
39
|
40
|
39
|
38
|
39
|
42
|
45
|
46
|
44
|
43
|
44
|
46
|
47
|
45
|
43
|
41
|
41
|
48
|
49
|
59
|
74
|
80
|
96
|
90
|
83
|
76
|
69
|
69
|
66
|
62
|
53
|
54
|
53
|
50
|
55
|
55
|
49
|
|
| Revenue |
115
N/A
|
112
-3%
|
112
0%
|
113
+1%
|
113
+0%
|
115
+2%
|
116
+0%
|
115
0%
|
118
+2%
|
122
+3%
|
126
+4%
|
129
+2%
|
130
+1%
|
132
+1%
|
136
+3%
|
145
+7%
|
153
+6%
|
158
+3%
|
163
+3%
|
162
0%
|
164
+1%
|
170
+4%
|
171
+1%
|
181
+6%
|
197
+9%
|
204
+4%
|
220
+8%
|
215
-2%
|
209
-3%
|
206
-2%
|
201
-2%
|
206
+2%
|
209
+2%
|
211
+1%
|
208
-1%
|
211
+1%
|
210
-1%
|
207
-1%
|
213
+3%
|
216
+1%
|
212
-2%
|
|
| Pre-Tax Income | ||||||||||||||||||||||||||||||||||||||||||
| Loan Loss Provision |
3
|
3
|
4
|
3
|
2
|
3
|
3
|
3
|
3
|
1
|
1
|
(0)
|
(1)
|
(1)
|
(2)
|
(2)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
2
|
3
|
2
|
3
|
(1)
|
(5)
|
(5)
|
(9)
|
(10)
|
(8)
|
(6)
|
(5)
|
(1)
|
(2)
|
|
| Non Interest Expense |
(92)
|
(90)
|
(90)
|
(89)
|
(89)
|
(89)
|
(88)
|
(88)
|
(88)
|
(90)
|
(92)
|
(94)
|
(94)
|
(92)
|
(93)
|
(100)
|
(104)
|
(108)
|
(111)
|
(108)
|
(109)
|
(112)
|
(119)
|
(125)
|
(132)
|
(135)
|
(129)
|
(129)
|
(129)
|
(131)
|
(132)
|
(132)
|
(130)
|
(128)
|
(128)
|
(127)
|
(127)
|
(127)
|
(131)
|
(132)
|
(132)
|
|
| Pre-Tax Income |
26
N/A
|
25
-3%
|
26
+4%
|
27
+1%
|
27
+0%
|
29
+11%
|
30
+2%
|
31
+3%
|
33
+7%
|
33
+1%
|
35
+8%
|
35
-1%
|
36
+2%
|
38
+8%
|
41
+7%
|
43
+6%
|
48
+11%
|
49
+2%
|
49
+1%
|
52
+5%
|
53
+1%
|
58
+10%
|
52
-10%
|
57
+9%
|
66
+15%
|
70
+6%
|
91
+31%
|
88
-4%
|
83
-5%
|
77
-7%
|
72
-7%
|
73
+1%
|
75
+2%
|
78
+4%
|
72
-8%
|
74
+3%
|
74
+1%
|
74
-1%
|
78
+5%
|
83
+6%
|
78
-5%
|
|
| Net Income | ||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(7)
|
(7)
|
(8)
|
(8)
|
(8)
|
(9)
|
(10)
|
(10)
|
(10)
|
(10)
|
(11)
|
(11)
|
(11)
|
(12)
|
(11)
|
(11)
|
(11)
|
(9)
|
(9)
|
(10)
|
(10)
|
(11)
|
(10)
|
(11)
|
(13)
|
(13)
|
(17)
|
(17)
|
(16)
|
(14)
|
(13)
|
(14)
|
(14)
|
(14)
|
(13)
|
(14)
|
(14)
|
(15)
|
(16)
|
(17)
|
(16)
|
|
| Income from Continuing Operations |
19
|
18
|
19
|
18
|
18
|
20
|
20
|
21
|
22
|
23
|
25
|
24
|
25
|
27
|
30
|
33
|
38
|
40
|
40
|
42
|
43
|
46
|
42
|
46
|
53
|
56
|
73
|
71
|
67
|
63
|
59
|
59
|
61
|
63
|
58
|
60
|
60
|
59
|
62
|
66
|
62
|
|
| Net Income (Common) |
19
N/A
|
18
-5%
|
19
+4%
|
18
-2%
|
18
+1%
|
20
+9%
|
20
+2%
|
21
+4%
|
22
+6%
|
23
+1%
|
25
+8%
|
24
-2%
|
25
+2%
|
21
-17%
|
24
+15%
|
27
+12%
|
32
+19%
|
40
+26%
|
40
+1%
|
42
+5%
|
43
+1%
|
46
+9%
|
42
-10%
|
46
+10%
|
53
+16%
|
56
+6%
|
73
+31%
|
71
-3%
|
67
-5%
|
63
-7%
|
59
-6%
|
59
+1%
|
61
+2%
|
63
+4%
|
58
-8%
|
60
+3%
|
60
+0%
|
59
-2%
|
62
+5%
|
66
+6%
|
62
-6%
|
|
| EPS (Diluted) |
0.81
N/A
|
0.77
-5%
|
0.8
+4%
|
0.78
-3%
|
0.79
+1%
|
0.86
+9%
|
0.92
+7%
|
0.97
+5%
|
1.04
+7%
|
1.05
+1%
|
1.15
+10%
|
1.12
-3%
|
1.14
+2%
|
0.94
-18%
|
1.09
+16%
|
1.08
-1%
|
1.28
+19%
|
1.68
+31%
|
1.67
-1%
|
1.8
+8%
|
1.86
+3%
|
2
+8%
|
1.85
-8%
|
2.07
+12%
|
2.38
+15%
|
2.53
+6%
|
3.33
+32%
|
3.22
-3%
|
3.1
-4%
|
2.88
-7%
|
2.74
-5%
|
2.79
+2%
|
2.86
+3%
|
2.97
+4%
|
2.74
-8%
|
2.83
+3%
|
2.85
+1%
|
2.79
-2%
|
2.95
+6%
|
3.13
+6%
|
2.95
-6%
|
|
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