ibcp: the income statement

MyFinsight

INDEPENDENT BANK CORP MI (IBCP)

For the quarter ending 2025-06-30, IBCP made $78,203K in revenue. $16,877K in net income. Net profit margin of 21.58%.

Unit: Thousand (K) dollars (except for numbers of shares and EPS)

	2025-06-30
Income tax expense	3,801
Other	2,822
Securities available for sale	11
Mortgage loans	1,631
Equity securities at fair value	-
Mortgage loan servicing, net	490
Interchange income	3,390
Service charges on deposit accounts	2,981
Total non-interest income	11,325
Legal and professional	500
Other	1,592
Occupancy, net	2,046
Compensation and employee benefits	21,123
Fdic deposit insurance	637
Furniture, fixtures and equipment	793
Communications	470
Advertising	833
Loan and collection	744
Interchange expense	1,177
Data processing	3,847
Total non-interest expense	33,762
Provision for credit losses	1,500
Deposits	20,462
Other borrowings and subordinated debt and debentures	1,801
Total interest expense	22,263
Other investments	774
Tax-exempt	2,773
Taxable	3,796
Interest and fees on loans	59,535
Total interest income	66,878
Net interest income	44,615
Net interest income after provision for credit losses	43,115
Income before income tax	20,678
Net income	16,877

Basic (in dollars per share)	0.81
Diluted (in dollars per share)	0.81
Weighted average shares outstanding (in shares)	20,750,000

Unit: Thousand (K) dollars (except for numbers of shares and EPS)