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IBCP Independent Bank (Ionia MI)

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38.280
-0.590-1.52%

Close Nov 26 16:00 ET

38.280
0.0000.00%

Post 18:24 ET

799.83MMarket Cap13.02P/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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(Q3)Sep 30, 2024

(Q2)Jun 30, 2024

(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

Total revenue

-7.20%49.56M

5.36%54.76M

8.09%51.18M

-1.99%200.5M

-5.38%47.64M

-3.01%53.4M

6.53%51.97M

-6.02%47.35M

2.90%204.57M

4.56%50.35M

Net interest income

6.16%41.85M

7.81%41.35M

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

-Net interest income

9.45%68.33M

14.48%66.34M

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

-Interest income from loans and lease

13.60%58.41M

19.10%56.79M

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

-Interest income from securities

-9.89%9.92M

-6.98%9.55M

4.57%10.08M

25.65%36.52M

-30.02%5.6M

40.60%11.01M

53.36%10.27M

57.91%9.64M

41.17%29.07M

40.59%8M

-Other interest income

----

514.14%5.43M

----

4.49%884K

----

-Total interest expense

15.11%26.48M

27.52%24.99M

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

-Interest expense for deposit

17.93%24.46M

31.01%22.88M

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

-Interest expense for long term debt and capital securities

-10.79%2.02M

-0.98%2.12M

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

Non interest income

-44.88%7.7M

-1.55%13.41M

23.30%10.98M

-19.71%44.17M

-22.74%7.53M

-7.85%13.97M

7.06%13.62M

-48.75%8.91M

-20.32%55.01M

-29.72%9.75M

-Total premiums earned

58.87%197K

91.84%188K

63.06%181K

31.67%474K

--141K

--124K

-6.67%98K

-19.57%111K

-36.51%360K

----

-Fees and commissions

-61.54%3.9M

-18.90%8.12M

33.28%7.9M

-29.87%29.62M

-71.52%2.74M

4.37%10.14M

-0.68%10.01M

-60.10%5.93M

61.87%42.23M

63.83%9.64M

-Other non interest income

-1.74%1.58M

-33.36%971K

-3.24%1.73M

9.63%6.87M

254.84%2.69M

-37.88%1.61M

-10.72%1.46M

20.44%1.79M

23.07%6.26M

-177.34%-1.73M

-Gain loss on sale of assets

-3.57%2.02M

100.97%4.13M

8.43%1.17M

17.19%7.21M

31.97%1.96M

-26.53%2.1M

126.54%2.06M

19.34%1.08M

-83.49%6.16M

-73.42%1.49M

Credit losses provision

-10.22%-1.49M

103.48%119K

94.40%-95K

-16.27%-6.21M

144.39%617K

57.07%-1.35M

-43.80%-3.42M

-187.91%-1.7M

-377.02%-5.34M

-120.63%-1.39M

Non interest expense

1.25%30.78M

4.48%31.71M

4.99%31.26M

-0.68%120.61M

-0.19%30.31M

-0.88%30.4M

-0.58%30.35M

-1.51%29.78M

-1.60%121.44M

-5.25%30.37M

Occupancy and equipment

-2.52%2.83M

2.16%2.83M

-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

Professional expense and contract services expense

26.52%687K

15.01%544K

-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

Selling and administrative expenses

1.34%21.29M

4.37%22.73M

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

-General and administrative expense

0.29%20.71M

2.79%21.95M

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

-Selling and marketing expense

61.39%581K

82.83%788K

-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

Depreciation amortization depletion

----

-5.84%129K

----

--137K

----

-Depreciation and amortization

----

-5.84%129K

----

--137K

----

Other non-interest expense

0.47%5.97M

5.52%5.47M

4.59%5.58M

6.77%22.61M

17.93%6.1M

7.92%5.94M

-14.03%5.18M

10.58%5.33M

-15.65%21.17M

-70.69%5.17M

Income from associates and other participating interests

Special income (charges)

Other non-operating income (expenses)

Income before tax

-20.14%17.29M

27.27%23.17M

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

Income tax

-15.28%3.48M

35.93%4.64M

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

Earnings from equity interest net of tax

Net income

-21.28%13.81M

25.27%18.53M

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

Net Income continuous operations

-21.28%13.81M

25.27%18.53M

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

Minority interest income

Net income attributable to the parent company

-21.28%13.81M

25.27%18.53M

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

Preferred stock dividends

Other preferred stock dividend

Net income attributable to common stockholders

-21.28%13.81M

25.27%18.53M

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

Basic earnings per share

-21.43%0.66

27.14%0.89

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

Diluted earnings per share

-21.69%0.65

25.71%0.88

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

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

	(Q3)Sep 30, 2024	(Q2)Jun 30, 2024	(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
Total revenue	-7.20%49.56M	5.36%54.76M	8.09%51.18M	-1.99%200.5M	-5.38%47.64M	-3.01%53.4M	6.53%51.97M	-6.02%47.35M	2.90%204.57M	4.56%50.35M
Net interest income	6.16%41.85M	7.81%41.35M	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
-Net interest income	9.45%68.33M	14.48%66.34M	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
-Interest income from loans and lease	13.60%58.41M	19.10%56.79M	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
-Interest income from securities	-9.89%9.92M	-6.98%9.55M	4.57%10.08M	25.65%36.52M	-30.02%5.6M	40.60%11.01M	53.36%10.27M	57.91%9.64M	41.17%29.07M	40.59%8M
-Other interest income	----	----	----	514.14%5.43M	----	----	----	----	4.49%884K	----
-Total interest expense	15.11%26.48M	27.52%24.99M	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
-Interest expense for deposit	17.93%24.46M	31.01%22.88M	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
-Interest expense for long term debt and capital securities	-10.79%2.02M	-0.98%2.12M	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
Non interest income	-44.88%7.7M	-1.55%13.41M	23.30%10.98M	-19.71%44.17M	-22.74%7.53M	-7.85%13.97M	7.06%13.62M	-48.75%8.91M	-20.32%55.01M	-29.72%9.75M
-Total premiums earned	58.87%197K	91.84%188K	63.06%181K	31.67%474K	--141K	--124K	-6.67%98K	-19.57%111K	-36.51%360K	----
-Fees and commissions	-61.54%3.9M	-18.90%8.12M	33.28%7.9M	-29.87%29.62M	-71.52%2.74M	4.37%10.14M	-0.68%10.01M	-60.10%5.93M	61.87%42.23M	63.83%9.64M
-Other non interest income	-1.74%1.58M	-33.36%971K	-3.24%1.73M	9.63%6.87M	254.84%2.69M	-37.88%1.61M	-10.72%1.46M	20.44%1.79M	23.07%6.26M	-177.34%-1.73M
-Gain loss on sale of assets	-3.57%2.02M	100.97%4.13M	8.43%1.17M	17.19%7.21M	31.97%1.96M	-26.53%2.1M	126.54%2.06M	19.34%1.08M	-83.49%6.16M	-73.42%1.49M
Credit losses provision	-10.22%-1.49M	103.48%119K	94.40%-95K	-16.27%-6.21M	144.39%617K	57.07%-1.35M	-43.80%-3.42M	-187.91%-1.7M	-377.02%-5.34M	-120.63%-1.39M
Non interest expense	1.25%30.78M	4.48%31.71M	4.99%31.26M	-0.68%120.61M	-0.19%30.31M	-0.88%30.4M	-0.58%30.35M	-1.51%29.78M	-1.60%121.44M	-5.25%30.37M
Occupancy and equipment	-2.52%2.83M	2.16%2.83M	-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
Professional expense and contract services expense	26.52%687K	15.01%544K	-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
Selling and administrative expenses	1.34%21.29M	4.37%22.73M	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
-General and administrative expense	0.29%20.71M	2.79%21.95M	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
-Selling and marketing expense	61.39%581K	82.83%788K	-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
Depreciation amortization depletion	----	-5.84%129K	-5.84%129K	----	----	----	--137K	--137K	----	----
-Depreciation and amortization	----	-5.84%129K	-5.84%129K	----	----	----	--137K	--137K	----	----
Other non-interest expense	0.47%5.97M	5.52%5.47M	4.59%5.58M	6.77%22.61M	17.93%6.1M	7.92%5.94M	-14.03%5.18M	10.58%5.33M	-15.65%21.17M	-70.69%5.17M
Income from associates and other participating interests
Special income (charges)
Other non-operating income (expenses)
Income before tax	-20.14%17.29M	27.27%23.17M	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
Income tax	-15.28%3.48M	35.93%4.64M	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
Earnings from equity interest net of tax
Net income	-21.28%13.81M	25.27%18.53M	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
Net Income continuous operations	-21.28%13.81M	25.27%18.53M	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
Minority interest income
Net income attributable to the parent company	-21.28%13.81M	25.27%18.53M	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
Preferred stock dividends
Other preferred stock dividend
Net income attributable to common stockholders	-21.28%13.81M	25.27%18.53M	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
Basic earnings per share	-21.43%0.66	27.14%0.89	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
Diluted earnings per share	-21.69%0.65	25.71%0.88	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
Dividend per share	4.35%0.24	4.35%0.24	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
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

No Data

Heat List

Overall

No Data