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IBCP Independent Bank (Ionia MI)

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33.240
-0.030-0.09%

Close Jul 24 16:00 ET

33.240
0.0000.00%

Post 16:20 ET

694.80MMarket Cap11.31P/E (TTM)

Independent Bank (Ionia MI) Key Stats

Earnings

Revenue Breakdown

Financial Indicators

Income Statement

Balance Sheet

Cash Flow

Quarterly+Annual

YOY

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(Q1)Mar 31, 2024

(FY)Dec 31, 2023

(Q4)Dec 31, 2023

(Q3)Sep 30, 2023

(Q2)Jun 30, 2023

(Q1)Mar 31, 2023

(FY)Dec 31, 2022

(Q4)Dec 31, 2022

(Q3)Sep 30, 2022

(Q2)Jun 30, 2022

Total revenue

7.99%51.15M

-1.99%200.5M

-5.38%47.64M

-3.01%53.4M

6.78%52.09M

-5.98%47.37M

2.90%204.57M

4.56%50.35M

6.78%55.06M

10.61%48.78M

Net interest income

4.57%40.2M

4.53%156.33M

-1.21%40.11M

-1.18%39.43M

6.35%38.35M

16.48%38.44M

15.26%149.56M

18.42%40.6M

18.03%39.9M

14.87%36.06M

-Net interest income

20.75%65.13M

41.81%239.68M

28.21%65.36M

38.97%62.43M

51.05%57.95M

55.25%53.94M

22.40%169.01M

40.73%50.98M

25.30%44.93M

14.52%38.36M

-Interest income from loans and lease

24.27%55.04M

42.19%197.73M

29.08%54.33M

38.63%51.42M

51.58%47.68M

55.87%44.29M

19.21%139.06M

38.85%42.09M

23.10%37.09M

11.97%31.45M

-Interest income from securities

12.45%10.08M

25.65%36.52M

-30.02%5.6M

40.60%11.01M

37.43%9.2M

46.86%8.97M

41.17%29.07M

40.59%8M

41.93%7.83M

28.77%6.7M

-Other interest income

----

514.14%5.43M

----

398.60%1.07M

211.06%675K

4.49%884K

----

2.88%214K

-Total interest expense

60.88%24.93M

328.59%83.35M

143.35%25.25M

357.54%23.01M

750.98%19.6M

790.52%15.5M

133.88%19.45M

435.12%10.38M

145.03%5.03M

9.35%2.3M

-Interest expense for deposit

65.77%22.81M

430.53%75.08M

170.53%23.11M

472.22%20.74M

1,335.94%17.46M

1,694.00%13.76M

216.93%14.15M

774.41%8.54M

232.57%3.63M

6.48%1.22M

-Interest expense for long term debt and capital securities

22.13%2.12M

56.21%8.27M

16.69%2.14M

61.23%2.26M

96.60%2.14M

78.31%1.74M

37.56%5.3M

90.54%1.83M

45.84%1.4M

12.76%1.09M

Non interest income

22.73%10.95M

-19.71%44.17M

-22.74%7.53M

-7.85%13.97M

8.02%13.74M

-48.65%8.92M

-20.32%55.01M

-29.72%9.75M

-14.62%15.16M

0.09%12.72M

-Total premiums earned

----

31.67%474K

----

-6.67%98K

-19.57%111K

-36.51%360K

----

--105K

-Fees and commissions

19.22%7.14M

-29.87%29.62M

-21.87%7.53M

-13.14%8.44M

-0.10%10.07M

-59.67%5.99M

61.87%42.23M

63.83%9.64M

24.63%9.72M

476.21%10.08M

-Other non interest income

51.76%2.72M

9.63%6.87M

-40.25%-2.43M

32.63%3.44M

-10.72%1.46M

20.44%1.79M

23.07%6.26M

-177.34%-1.73M

78.37%2.59M

-12.77%1.63M

-Gain loss on sale of assets

5.90%1.1M

17.19%7.21M

31.97%1.96M

-26.53%2.1M

133.48%2.12M

14.25%1.03M

-83.49%6.16M

-73.42%1.49M

-65.85%2.86M

-90.01%908K

Credit losses provision

55.85%-744K

-16.27%-6.21M

144.39%617K

57.07%-1.35M

-39.43%-3.32M

-187.40%-1.69M

-377.02%-5.34M

-120.63%-1.39M

-577.24%-3.15M

-266.95%-2.38M

Non interest expense

2.61%30.58M

-0.68%120.61M

-0.19%30.31M

-0.88%30.4M

0.16%30.57M

-1.42%29.81M

-1.60%121.44M

-5.25%30.37M

-5.86%30.67M

0.16%30.53M

Occupancy and equipment

-1.85%3.03M

-9.68%11.66M

-7.95%2.91M

-4.95%2.9M

-11.06%2.77M

-14.02%3.09M

-0.40%12.91M

-3.60%3.16M

-3.42%3.05M

-2.13%3.12M

Professional expense and contract services expense

-19.93%486K

3.52%2.21M

-0.51%585K

-5.24%543K

-1.25%473K

23.12%607K

3.14%2.13M

10.11%588K

11.70%573K

-8.24%479K

Selling and administrative expenses

6.92%22.04M

-1.28%84.14M

-3.41%20.72M

-2.44%21.01M

4.23%21.78M

-3.35%20.62M

2.33%85.22M

102.33%21.46M

-18.35%21.54M

-11.84%20.9M

-General and administrative expense

7.11%21.55M

-1.42%81.97M

-5.35%19.85M

-2.55%20.65M

4.98%21.35M

-2.57%20.12M

2.19%83.15M

109.56%20.97M

-17.57%21.19M

-13.61%20.34M

-Selling and marketing expense

-0.81%491K

4.39%2.17M

79.75%879K

4.35%360K

-23.04%431K

-27.21%495K

8.13%2.07M

-18.36%489K

-48.20%345K

241.46%560K

Other non-interest expense

-8.53%5.03M

6.77%22.61M

17.93%6.1M

7.92%5.94M

-8.01%5.55M

13.98%5.5M

-15.65%21.17M

-70.69%5.17M

117.79%5.51M

96.99%6.03M

Income from associates and other participating interests

Special income (charges)

Other non-operating income (expenses)

Income before tax

24.86%19.82M

-5.29%73.68M

-3.45%17.95M

1.91%21.65M

14.62%18.2M

-28.08%15.88M

0.61%77.79M

20.15%18.59M

8.15%21.25M

5.49%15.88M

Income tax

32.80%3.83M

1.19%14.61M

20.01%4.2M

4.03%4.11M

18.51%3.41M

-29.74%2.88M

0.13%14.44M

18.18%3.5M

7.25%3.95M

8.03%2.88M

Earnings from equity interest net of tax

Net income

23.09%15.99M

-6.76%59.07M

-8.90%13.74M

1.42%17.54M

13.76%14.79M

-27.70%12.99M

0.73%63.35M

20.61%15.09M

8.36%17.3M

4.95%13M

Net Income continuous operations

23.09%15.99M

-6.76%59.07M

-8.90%13.74M

1.42%17.54M

13.76%14.79M

-27.70%12.99M

0.73%63.35M

20.61%15.09M

8.36%17.3M

4.95%13M

Minority interest income

Net income attributable to the parent company

23.09%15.99M

-6.76%59.07M

-8.90%13.74M

1.42%17.54M

13.76%14.79M

-27.70%12.99M

0.73%63.35M

20.61%15.09M

8.36%17.3M

4.95%13M

Preferred stock dividends

Other preferred stock dividend

Net income attributable to common stockholders

23.09%15.99M

-6.76%59.07M

-8.90%13.74M

1.42%17.54M

13.76%14.79M

-27.70%12.99M

0.73%63.35M

20.61%15.09M

8.36%17.3M

4.95%13M

Basic earnings per share

24.19%0.77

-6.00%2.82

-8.33%0.66

2.44%0.84

12.90%0.7

-27.06%0.62

3.09%3

22.03%0.72

10.81%0.82

8.77%0.62

Diluted earnings per share

24.59%0.76

-6.06%2.79

-8.45%0.65

2.47%0.83

14.75%0.7

-27.38%0.61

3.13%2.97

22.41%0.71

10.96%0.81

8.93%0.61

Dividend per share

4.35%0.24

4.55%0.92

4.55%0.23

4.76%0.88

4.76%0.22

Currency Unit

USD

Accounting Standards

US-GAAP

Audit Opinions

Unqualified Opinion with Explanatory Notes

	(Q1)Mar 31, 2024	(FY)Dec 31, 2023	(Q4)Dec 31, 2023	(Q3)Sep 30, 2023	(Q2)Jun 30, 2023	(Q1)Mar 31, 2023	(FY)Dec 31, 2022	(Q4)Dec 31, 2022	(Q3)Sep 30, 2022	(Q2)Jun 30, 2022
Total revenue	7.99%51.15M	-1.99%200.5M	-5.38%47.64M	-3.01%53.4M	6.78%52.09M	-5.98%47.37M	2.90%204.57M	4.56%50.35M	6.78%55.06M	10.61%48.78M
Net interest income	4.57%40.2M	4.53%156.33M	-1.21%40.11M	-1.18%39.43M	6.35%38.35M	16.48%38.44M	15.26%149.56M	18.42%40.6M	18.03%39.9M	14.87%36.06M
-Net interest income	20.75%65.13M	41.81%239.68M	28.21%65.36M	38.97%62.43M	51.05%57.95M	55.25%53.94M	22.40%169.01M	40.73%50.98M	25.30%44.93M	14.52%38.36M
-Interest income from loans and lease	24.27%55.04M	42.19%197.73M	29.08%54.33M	38.63%51.42M	51.58%47.68M	55.87%44.29M	19.21%139.06M	38.85%42.09M	23.10%37.09M	11.97%31.45M
-Interest income from securities	12.45%10.08M	25.65%36.52M	-30.02%5.6M	40.60%11.01M	37.43%9.2M	46.86%8.97M	41.17%29.07M	40.59%8M	41.93%7.83M	28.77%6.7M
-Other interest income	----	514.14%5.43M	----	----	398.60%1.07M	211.06%675K	4.49%884K	----	----	2.88%214K
-Total interest expense	60.88%24.93M	328.59%83.35M	143.35%25.25M	357.54%23.01M	750.98%19.6M	790.52%15.5M	133.88%19.45M	435.12%10.38M	145.03%5.03M	9.35%2.3M
-Interest expense for deposit	65.77%22.81M	430.53%75.08M	170.53%23.11M	472.22%20.74M	1,335.94%17.46M	1,694.00%13.76M	216.93%14.15M	774.41%8.54M	232.57%3.63M	6.48%1.22M
-Interest expense for long term debt and capital securities	22.13%2.12M	56.21%8.27M	16.69%2.14M	61.23%2.26M	96.60%2.14M	78.31%1.74M	37.56%5.3M	90.54%1.83M	45.84%1.4M	12.76%1.09M
Non interest income	22.73%10.95M	-19.71%44.17M	-22.74%7.53M	-7.85%13.97M	8.02%13.74M	-48.65%8.92M	-20.32%55.01M	-29.72%9.75M	-14.62%15.16M	0.09%12.72M
-Total premiums earned	----	31.67%474K	----	----	-6.67%98K	-19.57%111K	-36.51%360K	----	----	--105K
-Fees and commissions	19.22%7.14M	-29.87%29.62M	-21.87%7.53M	-13.14%8.44M	-0.10%10.07M	-59.67%5.99M	61.87%42.23M	63.83%9.64M	24.63%9.72M	476.21%10.08M
-Other non interest income	51.76%2.72M	9.63%6.87M	-40.25%-2.43M	32.63%3.44M	-10.72%1.46M	20.44%1.79M	23.07%6.26M	-177.34%-1.73M	78.37%2.59M	-12.77%1.63M
-Gain loss on sale of assets	5.90%1.1M	17.19%7.21M	31.97%1.96M	-26.53%2.1M	133.48%2.12M	14.25%1.03M	-83.49%6.16M	-73.42%1.49M	-65.85%2.86M	-90.01%908K
Credit losses provision	55.85%-744K	-16.27%-6.21M	144.39%617K	57.07%-1.35M	-39.43%-3.32M	-187.40%-1.69M	-377.02%-5.34M	-120.63%-1.39M	-577.24%-3.15M	-266.95%-2.38M
Non interest expense	2.61%30.58M	-0.68%120.61M	-0.19%30.31M	-0.88%30.4M	0.16%30.57M	-1.42%29.81M	-1.60%121.44M	-5.25%30.37M	-5.86%30.67M	0.16%30.53M
Occupancy and equipment	-1.85%3.03M	-9.68%11.66M	-7.95%2.91M	-4.95%2.9M	-11.06%2.77M	-14.02%3.09M	-0.40%12.91M	-3.60%3.16M	-3.42%3.05M	-2.13%3.12M
Professional expense and contract services expense	-19.93%486K	3.52%2.21M	-0.51%585K	-5.24%543K	-1.25%473K	23.12%607K	3.14%2.13M	10.11%588K	11.70%573K	-8.24%479K
Selling and administrative expenses	6.92%22.04M	-1.28%84.14M	-3.41%20.72M	-2.44%21.01M	4.23%21.78M	-3.35%20.62M	2.33%85.22M	102.33%21.46M	-18.35%21.54M	-11.84%20.9M
-General and administrative expense	7.11%21.55M	-1.42%81.97M	-5.35%19.85M	-2.55%20.65M	4.98%21.35M	-2.57%20.12M	2.19%83.15M	109.56%20.97M	-17.57%21.19M	-13.61%20.34M
-Selling and marketing expense	-0.81%491K	4.39%2.17M	79.75%879K	4.35%360K	-23.04%431K	-27.21%495K	8.13%2.07M	-18.36%489K	-48.20%345K	241.46%560K
Other non-interest expense	-8.53%5.03M	6.77%22.61M	17.93%6.1M	7.92%5.94M	-8.01%5.55M	13.98%5.5M	-15.65%21.17M	-70.69%5.17M	117.79%5.51M	96.99%6.03M
Income from associates and other participating interests
Special income (charges)
Other non-operating income (expenses)
Income before tax	24.86%19.82M	-5.29%73.68M	-3.45%17.95M	1.91%21.65M	14.62%18.2M	-28.08%15.88M	0.61%77.79M	20.15%18.59M	8.15%21.25M	5.49%15.88M
Income tax	32.80%3.83M	1.19%14.61M	20.01%4.2M	4.03%4.11M	18.51%3.41M	-29.74%2.88M	0.13%14.44M	18.18%3.5M	7.25%3.95M	8.03%2.88M
Earnings from equity interest net of tax
Net income	23.09%15.99M	-6.76%59.07M	-8.90%13.74M	1.42%17.54M	13.76%14.79M	-27.70%12.99M	0.73%63.35M	20.61%15.09M	8.36%17.3M	4.95%13M
Net Income continuous operations	23.09%15.99M	-6.76%59.07M	-8.90%13.74M	1.42%17.54M	13.76%14.79M	-27.70%12.99M	0.73%63.35M	20.61%15.09M	8.36%17.3M	4.95%13M
Minority interest income
Net income attributable to the parent company	23.09%15.99M	-6.76%59.07M	-8.90%13.74M	1.42%17.54M	13.76%14.79M	-27.70%12.99M	0.73%63.35M	20.61%15.09M	8.36%17.3M	4.95%13M
Preferred stock dividends
Other preferred stock dividend
Net income attributable to common stockholders	23.09%15.99M	-6.76%59.07M	-8.90%13.74M	1.42%17.54M	13.76%14.79M	-27.70%12.99M	0.73%63.35M	20.61%15.09M	8.36%17.3M	4.95%13M
Basic earnings per share	24.19%0.77	-6.00%2.82	-8.33%0.66	2.44%0.84	12.90%0.7	-27.06%0.62	3.09%3	22.03%0.72	10.81%0.82	8.77%0.62
Diluted earnings per share	24.59%0.76	-6.06%2.79	-8.45%0.65	2.47%0.83	14.75%0.7	-27.38%0.61	3.13%2.97	22.41%0.71	10.96%0.81	8.93%0.61
Dividend per share	4.35%0.24	4.55%0.92	4.55%0.23	4.55%0.23	4.55%0.23	4.55%0.23	4.76%0.88	4.76%0.22	4.76%0.22	4.76%0.22
Currency Unit	USD	USD	USD	USD	USD	USD	USD	USD	USD	USD
Accounting Standards	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP	US-GAAP
Audit Opinions	--	Unqualified Opinion with Explanatory Notes	--	--	--	--	--	--	--	--

Analysis

Analyst Rating

No Data

Price Target

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Heat List

Overall