Independent Historical Income Statement

IBCP Stock

USD 31.52 0.09 0.28%

Historical analysis of Independent Bank income statement accounts such as EBIT of 53.9 M or Ebitda of 52 M can show how well Independent Bank performed in making a profits. Evaluating Independent Bank income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Independent Bank's future profits or losses.

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Financial Statement Analysis is much more than just reviewing and examining Independent Bank latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Independent Bank is a good buy for the upcoming year.

Net Income Gross Profit

Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Independent Stock, please use our How to Invest in Independent Bank guide.

About Independent Income Statement Analysis

Independent Bank Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Independent Bank shareholders. The income statement also shows Independent investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Independent Bank Income Statement Chart

At this time, Independent Bank's Total Other Income Expense Net is relatively stable compared to the past year. As of 03/26/2025, Non Recurring is likely to grow to about 2.8 M, while EBITDA is likely to drop slightly above 52 M.

Other Operating Expenses Selling General Administrative Total Revenue Gross Profit

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Independent Bank. It is also known as Independent Bank overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Total Revenue

Total revenue comprises all receipts Independent Bank generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Independent Bank minus its cost of goods sold. It is profit before Independent Bank operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Most accounts from Independent Bank's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Independent Bank current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Independent Bank. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in main economic indicators.

To learn how to invest in Independent Stock, please use our How to Invest in Independent Bank guide.At this time, Independent Bank's Total Other Income Expense Net is relatively stable compared to the past year. As of 03/26/2025, Non Recurring is likely to grow to about 2.8 M, while EBITDA is likely to drop slightly above 52 M.

	2022	2023	2024	2025 (projected)
Gross Profit	204.6M	294.6M	215.8M	131.4M
Total Revenue	204.6M	200.5M	215.8M	128.6M

Gross Profit Total Revenue

Independent Bank income statement Correlations

	Interest Expense	Other Operating Expenses	Operating Income	Ebit	Ebitda	Total Operating Expenses	Net Income	Income Tax Expense	Depreciation And Amortization	Selling General Administrative	Total Revenue	Gross Profit	Income Before Tax	Total Other Income Expense Net	Cost Of Revenue	Selling And Marketing Expenses	Net Income From Continuing Ops	Non Recurring	Tax Provision	Net Interest Income	Interest Income	Reconciled Depreciation	Extraordinary Items
Interest Expense		0.81	-0.71	0.42	0.4	0.91	0.49	0.31	0.55	0.23	0.43	0.52	0.6	0.83	-0.55	-0.04	0.38	0.2	0.5	0.71	0.82	0.46	0.79
Other Operating Expenses	0.81		-0.69	0.46	0.41	0.59	0.48	0.31	0.44	0.52	0.62	0.52	0.59	0.81	-0.61	-0.33	0.42	0.22	0.52	0.64	0.66	0.53	0.77
Operating Income	-0.71	-0.69		0.03	0.05	-0.8	-0.16	-0.09	-0.34	0.18	0.05	0.12	-0.2	-0.93	0.08	-0.26	0.0	-0.24	-0.25	-0.23	-0.37	-0.15	-0.91
Ebit	0.42	0.46	0.03		0.99	0.23	0.75	0.46	0.67	0.75	0.83	0.78	0.92	0.29	-0.83	-0.48	0.81	0.17	0.65	0.84	0.76	0.58	0.32
Ebitda	0.4	0.41	0.05	0.99		0.24	0.75	0.47	0.73	0.72	0.81	0.76	0.92	0.27	-0.83	-0.44	0.8	0.16	0.65	0.83	0.75	0.61	0.31
Total Operating Expenses	0.91	0.59	-0.8	0.23	0.24		0.39	0.22	0.6	-0.12	0.1	0.21	0.47	0.83	-0.31	0.23	0.22	0.24	0.4	0.52	0.66	0.35	0.82
Net Income	0.49	0.48	-0.16	0.75	0.75	0.39		-0.09	0.68	0.48	0.59	0.56	0.83	0.42	-0.78	-0.3	0.96	0.09	0.47	0.7	0.63	0.6	0.38
Income Tax Expense	0.31	0.31	-0.09	0.46	0.47	0.22	-0.09		0.45	0.28	0.38	0.36	0.48	0.25	-0.4	-0.18	-0.1	0.25	0.51	0.48	0.43	0.34	0.22
Depreciation And Amortization	0.55	0.44	-0.34	0.67	0.73	0.6	0.68	0.45		0.22	0.4	0.4	0.86	0.56	-0.72	-0.08	0.58	0.2	0.58	0.71	0.67	0.68	0.53
Selling General Administrative	0.23	0.52	0.18	0.75	0.72	-0.12	0.48	0.28	0.22		0.94	0.84	0.57	0.06	-0.69	-0.73	0.66	0.01	0.44	0.59	0.52	0.47	0.13
Total Revenue	0.43	0.62	0.05	0.83	0.81	0.1	0.59	0.38	0.4	0.94		0.93	0.72	0.21	-0.81	-0.57	0.71	0.03	0.58	0.81	0.74	0.64	0.29
Gross Profit	0.52	0.52	0.12	0.78	0.76	0.21	0.56	0.36	0.4	0.84	0.93		0.68	0.14	-0.78	-0.51	0.67	0.01	0.55	0.82	0.78	0.63	0.21
Income Before Tax	0.6	0.59	-0.2	0.92	0.92	0.47	0.83	0.48	0.86	0.57	0.72	0.68		0.51	-0.91	-0.34	0.79	0.21	0.69	0.88	0.8	0.72	0.46
Total Other Income Expense Net	0.83	0.81	-0.93	0.29	0.27	0.83	0.42	0.25	0.56	0.06	0.21	0.14	0.51		-0.41	0.07	0.27	0.29	0.43	0.5	0.59	0.3	0.93
Cost Of Revenue	-0.55	-0.61	0.08	-0.83	-0.83	-0.31	-0.78	-0.4	-0.72	-0.69	-0.81	-0.78	-0.91	-0.41		0.39	-0.78	-0.11	-0.63	-0.87	-0.77	-0.73	-0.34
Selling And Marketing Expenses	-0.04	-0.33	-0.26	-0.48	-0.44	0.23	-0.3	-0.18	-0.08	-0.73	-0.57	-0.51	-0.34	0.07	0.39		-0.45	-0.23	-0.23	-0.17	-0.07	-0.17	0.14
Net Income From Continuing Ops	0.38	0.42	0.0	0.81	0.8	0.22	0.96	-0.1	0.58	0.66	0.71	0.67	0.79	0.27	-0.78	-0.45		0.06	0.45	0.67	0.61	0.55	0.28
Non Recurring	0.2	0.22	-0.24	0.17	0.16	0.24	0.09	0.25	0.2	0.01	0.03	0.01	0.21	0.29	-0.11	-0.23	0.06		0.11	0.09	0.1	0.06	0.24
Tax Provision	0.5	0.52	-0.25	0.65	0.65	0.4	0.47	0.51	0.58	0.44	0.58	0.55	0.69	0.43	-0.63	-0.23	0.45	0.11		0.69	0.65	0.65	0.46
Net Interest Income	0.71	0.64	-0.23	0.84	0.83	0.52	0.7	0.48	0.71	0.59	0.81	0.82	0.88	0.5	-0.87	-0.17	0.67	0.09	0.69		0.96	0.74	0.53
Interest Income	0.82	0.66	-0.37	0.76	0.75	0.66	0.63	0.43	0.67	0.52	0.74	0.78	0.8	0.59	-0.77	-0.07	0.61	0.1	0.65	0.96		0.64	0.67
Reconciled Depreciation	0.46	0.53	-0.15	0.58	0.61	0.35	0.6	0.34	0.68	0.47	0.64	0.63	0.72	0.3	-0.73	-0.17	0.55	0.06	0.65	0.74	0.64		0.36
Extraordinary Items	0.79	0.77	-0.91	0.32	0.31	0.82	0.38	0.22	0.53	0.13	0.29	0.21	0.46	0.93	-0.34	0.14	0.28	0.24	0.46	0.53	0.67	0.36

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Independent Bank Account Relationship Matchups

Independent Bank income statement Accounts

	2020	2021	2022	2023	2024	2025 (projected)
Interest Expense	16.2M	8.3M	19.4M	83.3M	100.5M	105.6M
Other Operating Expenses	128.0M	121.7M	107.3M	109.3M	215.8M	226.6M
Operating Income	69.5M	77.3M	97.2M	91.5M	(193.6M)	(183.9M)
Ebit	72.3M	77.3M	77.8M	73.7M	84.7M	53.9M
Ebitda	78.6M	83.7M	83.9M	79.4M	91.3M	52.0M
Total Operating Expenses	(128.0M)	(121.7M)	(107.3M)	109.3M	215.8M	226.6M
Net Income	56.2M	62.9M	63.4M	59.1M	66.8M	70.1M
Income Tax Expense	13.3M	14.4M	14.4M	14.6M	16.3M	17.1M
Depreciation And Amortization	6.3M	6.4M	6.1M	5.7M	10.0M	10.5M
Selling General Administrative	88.1M	95.3M	83.1M	82.0M	88.8M	53.2M
Total Revenue	197.5M	199.0M	204.6M	200.5M	215.8M	128.6M
Gross Profit	197.5M	199.0M	204.6M	294.6M	215.8M	131.4M
Income Before Tax	69.5M	77.3M	77.8M	73.7M	83.0M	87.2M
Total Other Income Expense Net	(417K)	(20.2M)	(17.2M)	(17.8M)	276.6M	290.5M
Net Income Applicable To Common Shares	46.4M	56.2M	62.9M	63.4M	72.9M	36.9M
Selling And Marketing Expenses	2.2M	1.9M	2.1M	2.2M	3.1M	2.3M
Net Income From Continuing Ops	56.2M	62.9M	63.4M	60.4M	66.8M	44.1M
Tax Provision	13.3M	14.4M	14.4M	13.9M	16.3M	14.3M
Net Interest Income	123.6M	129.8M	149.6M	156.8M	166.2M	132.6M
Interest Income	139.8M	138.1M	169.0M	225.3M	266.8M	163.3M
Reconciled Depreciation	9.2M	12.1M	10.8M	10.0M	10.0M	9.8M

Additional Tools for Independent Stock Analysis

When running Independent Bank's price analysis, check to measure Independent Bank's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Independent Bank is operating at the current time. Most of Independent Bank's value examination focuses on studying past and present price action to predict the probability of Independent Bank's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Independent Bank's price. Additionally, you may evaluate how the addition of Independent Bank to your portfolios can decrease your overall portfolio volatility.

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Independent Historical Income Statement

About Independent Income Statement Analysis

Independent Bank Income Statement Chart

Other Operating Expenses

Total Revenue

Gross Profit

Independent Bank income statement Correlations

Independent Bank Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Independent Bank income statement Accounts

Additional Tools for Independent Stock Analysis

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Ebitda	+ 0.99	Ebit
Net Income From Continuing Ops	+ 0.96	Net Income
Interest Income	+ 0.96	Net Interest Income
Total Revenue	+ 0.94	Selling General Administrative
Gross Profit	+ 0.93	Total Revenue
Extraordinary Items	+ 0.93	Total Other Income Expense Net

Total Other Income Expense Net	- 0.93	Operating Income
Cost Of Revenue	- 0.91	Income Before Tax
Extraordinary Items	- 0.91	Operating Income
Net Interest Income	- 0.87	Cost Of Revenue
Cost Of Revenue	- 0.83	Ebitda
Cost Of Revenue	- 0.83	Ebit