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IBCP Independent Bank (Ionia MI)

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34.760
+0.640+1.88%

Close Oct 16 16:00 ET

34.760
0.0000.00%

Post 16:02 ET

726.36MMarket Cap11.14P/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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(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

(Q3)Sep 30, 2022

Total revenue

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

6.78%55.06M

Net interest income

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

18.03%39.9M

-Net interest income

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

25.30%44.93M

-Interest income from loans and lease

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

23.10%37.09M

-Interest income from securities

-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

41.93%7.83M

-Other interest income

----

514.14%5.43M

----

4.49%884K

----

-Total interest expense

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

145.03%5.03M

-Interest expense for deposit

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

232.57%3.63M

-Interest expense for long term debt and capital securities

-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

45.84%1.4M

Non interest income

-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

-14.62%15.16M

-Total premiums earned

91.84%188K

63.06%181K

31.67%474K

----

-6.67%98K

-19.57%111K

-36.51%360K

----

-Fees and commissions

-18.90%8.12M

33.28%7.9M

-29.87%29.62M

-21.87%7.53M

-13.14%8.44M

-0.68%10.01M

-60.10%5.93M

61.87%42.23M

63.83%9.64M

24.63%9.72M

-Other non interest income

-33.36%971K

-3.24%1.73M

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

-Gain loss on sale of assets

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

-65.85%2.86M

Credit losses provision

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

-577.24%-3.15M

Non interest expense

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

-5.86%30.67M

Occupancy and equipment

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

-3.42%3.05M

Professional expense and contract services expense

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

11.70%573K

Selling and administrative expenses

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

-18.35%21.54M

-General and administrative expense

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

-17.57%21.19M

-Selling and marketing expense

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

-48.20%345K

Depreciation amortization depletion

-5.84%129K

----

--137K

----

-Depreciation and amortization

-5.84%129K

----

--137K

----

Other non-interest expense

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

117.79%5.51M

Income from associates and other participating interests

Special income (charges)

Other non-operating income (expenses)

Income before tax

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

8.15%21.25M

Income tax

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

7.25%3.95M

Earnings from equity interest net of tax

Net income

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

8.36%17.3M

Net Income continuous operations

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

8.36%17.3M

Minority interest income

Net income attributable to the parent company

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

8.36%17.3M

Preferred stock dividends

Other preferred stock dividend

Net income attributable to common stockholders

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

8.36%17.3M

Basic earnings per share

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

10.81%0.82

Diluted earnings per share

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

10.96%0.81

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

	(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	(Q3)Sep 30, 2022
Total revenue	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	6.78%55.06M
Net interest income	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	18.03%39.9M
-Net interest income	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	25.30%44.93M
-Interest income from loans and lease	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	23.10%37.09M
-Interest income from securities	-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	41.93%7.83M
-Other interest income	----	----	514.14%5.43M	----	----	----	----	4.49%884K	----	----
-Total interest expense	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	145.03%5.03M
-Interest expense for deposit	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	232.57%3.63M
-Interest expense for long term debt and capital securities	-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	45.84%1.4M
Non interest income	-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	-14.62%15.16M
-Total premiums earned	91.84%188K	63.06%181K	31.67%474K	----	----	-6.67%98K	-19.57%111K	-36.51%360K	----	----
-Fees and commissions	-18.90%8.12M	33.28%7.9M	-29.87%29.62M	-21.87%7.53M	-13.14%8.44M	-0.68%10.01M	-60.10%5.93M	61.87%42.23M	63.83%9.64M	24.63%9.72M
-Other non interest income	-33.36%971K	-3.24%1.73M	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
-Gain loss on sale of assets	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	-65.85%2.86M
Credit losses provision	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	-577.24%-3.15M
Non interest expense	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	-5.86%30.67M
Occupancy and equipment	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	-3.42%3.05M
Professional expense and contract services expense	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	11.70%573K
Selling and administrative expenses	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	-18.35%21.54M
-General and administrative expense	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	-17.57%21.19M
-Selling and marketing expense	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	-48.20%345K
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	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	117.79%5.51M
Income from associates and other participating interests
Special income (charges)
Other non-operating income (expenses)
Income before tax	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	8.15%21.25M
Income tax	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	7.25%3.95M
Earnings from equity interest net of tax
Net income	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	8.36%17.3M
Net Income continuous operations	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	8.36%17.3M
Minority interest income
Net income attributable to the parent company	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	8.36%17.3M
Preferred stock dividends
Other preferred stock dividend
Net income attributable to common stockholders	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	8.36%17.3M
Basic earnings per share	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	10.81%0.82
Diluted earnings per share	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	10.96%0.81
Dividend per share	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	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

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