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  • INDEPENDENT BANK CORP MICH Income Statement

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    Annual Data | Quarterly Data
    Period Ending FY FY FY FY FY
    Net Sales/Revenues 237.76 M 270.40 M 258.94 M 233.90 M 201.94 M
    Cost of Goods Sold (Excluding Depreciation)
    Depreciation, Depletion and Amortization 11.37 M 11.87 M 10.52 M 10.07 M
    Gross Income
    Selling, General & Admin Expenses
    Other Operating Expense 52.06 M 40.98 M 32.76 M 35.88 M 31.25 M
    Operating Expenses - Total
    Operating Income -34.28 M 10.62 M 48.66 M 63.17 M 59.93 M
    Extraordinary Credit - Pretax 0.00 0.00 2.80 M 0.00 0.00
    Extraordinary Charge - Pretax 54.32 M 1.77 M 5.98 M 400,000.00 7.58 M
    Non-operating Interest Income
    Reserves Inc (Dec) 0.00 0.00 0.00 0.00 0.00
    Pretax Equity in Earnings 0.00 0.00 0.00 0.00 0.00
    Other Income/Expenses - Net 0.00 0.00 0.00 0.00 0.00
    Earnings Before Interest & Taxes (EBIT) -61.71 M 22.46 M 64.90 M 84.36 M 69.00 M
    Interest Expenses On Debt 26.89 M 13.60 M 19.41 M 21.19 M 16.65 M
    Interest Capitalized 0.00 0.00 0.00 0.00 0.00
    Pretax Income -88.60 M 8.85 M 45.49 M 63.17 M 52.35 M
    Income Taxes 3.06 M -1.10 M 11.66 M 17.47 M 13.80 M
    Current Domestic Income Tax 19.69 M 5.16 M 13.74 M 15.19 M 11.61 M
    Current Foreign Income Tax 0.00 0.00 0.00 0.00 0.00
    Deferred Domestic Income Tax -16.63 M -6.26 M -2.07 M 3.02 M 2.18 M
    Deferred Foreign Income Tax 0.00 0.00 0.00 0.00 0.00
    Income Tax Credits
    Minority Interest 0.00 0.00 0.00 0.00 0.00
    Equity in Earnings 0.00 0.00 0.00 0.00 0.00
    After Tax Income Expense 0.00 0.00 0.00 0.00 0.00
    Discontinued Operations 0.00 1.21 M 0.00 0.00 0.00
    Net Income Before Extra Items/Preferred Div -91.66 M 9.96 M 33.82 M 46.91 M 38.56 M
    Extra Items & Gain (Loss) Sale of Assets 0.00 402,000.00 -622,000.00 0.00 0.00
    Net Income Before Preferred Dividends -91.66 M 10.36 M 33.20 M 46.91 M 38.56 M
    Preferred Dividend Requirements 215,000.00 0.00 0.00 0.00 0.00
    Net Income Available to Common -91.88 M 9.96 M 33.82 M 46.91 M 38.56 M