GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Independent Bank Corp (Ionia MI) (NAS:IBCP) » Definitions » Pre-Tax Income

IBCP (Independent Bank (Ionia MI)) Pre-Tax Income : $83.0 Mil (TTM As of Dec. 2024)


View and export this data going back to 1985. Start your Free Trial

What is Independent Bank (Ionia MI) Pre-Tax Income?

Pretax income is the income that a company earns before paying income taxes. Independent Bank (Ionia MI)'s pretax income for the three months ended in Dec. 2024 was $22.8 Mil. Its pretax income for the trailing twelve months (TTM) ended in Dec. 2024 was $83.0 Mil. Independent Bank (Ionia MI)'s pretax margin was 37.69%.

During the past 13 years, Independent Bank (Ionia MI)'s highest Pretax Margin was 38.89%. The lowest was 27.06%. And the median was 35.12%.


Independent Bank (Ionia MI) Pre-Tax Income Historical Data

The historical data trend for Independent Bank (Ionia MI)'s Pre-Tax Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Independent Bank (Ionia MI) Pre-Tax Income Chart

Independent Bank (Ionia MI) Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Pre-Tax Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.48 77.31 77.79 73.68 83.05

Independent Bank (Ionia MI) Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
Pre-Tax Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 17.95 19.82 23.17 17.29 22.77

Competitive Comparison of Independent Bank (Ionia MI)'s Pre-Tax Income

For the Banks - Regional subindustry, Independent Bank (Ionia MI)'s Pre-Tax Income, along with its competitors' market caps and Pre-Tax Income data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Independent Bank (Ionia MI)'s Pre-Tax Income Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Independent Bank (Ionia MI)'s Pre-Tax Income distribution charts can be found below:

* The bar in red indicates where Independent Bank (Ionia MI)'s Pre-Tax Income falls into.


;
;

Independent Bank (Ionia MI) Pre-Tax Income Calculation

This is the income that a company earns before paying income taxes.

Independent Bank (Ionia MI)'s Pretax Income for the fiscal year that ended in Dec. 2024 is calculated as

Pretax Income=Operating Income+Other
=0+83.046
=83.0

Independent Bank (Ionia MI)'s Pretax Income for the quarter that ended in Dec. 2024 is calculated as

Pretax Income=Operating Income+Other
=0+22.768
=22.8

Pre-Tax Income for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $83.0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Independent Bank (Ionia MI)  (NAS:IBCP) Pre-Tax Income Explanation

Independent Bank (Ionia MI)'s Pretax Margin for the quarter that ended in Dec. 2024 is calculated as

Pretax Margin=Pretax Income/Revenue
=22.768/60.405
=37.69%

During the past 13 years, Independent Bank (Ionia MI)'s highest Pretax Margin was 38.89%. The lowest was 27.06%. And the median was 35.12%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Independent Bank (Ionia MI) Pre-Tax Income Related Terms

Thank you for viewing the detailed overview of Independent Bank (Ionia MI)'s Pre-Tax Income provided by GuruFocus.com. Please click on the following links to see related term pages.


Independent Bank (Ionia MI) Business Description

Traded in Other Exchanges
N/A
Address
4200 East Beltline, Grand Rapids, MI, USA, 49525
Independent Bank Corp (Ionia MI) operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers.
Executives
Patrick J Ervin officer: Executive Vice President 4200 E BELTLINE, GRAND RAPIDS MI 49525
Daniel Larry R Jr officer: Executive Vice President 4200 E BELTLINE, GRAND RAPIDS MI 49525
Gavin A. Mohr officer: Executive Vice President 4200 E BELTLINE, GRAND RAPIDS MI 49525
Christina Keller director 4200 E BELTLINE AVE, GRAND RAPIDS MI 49525
Stefanie M Kimball officer: Executive Vice President 230 WEST MAIN STREET, IONIA MI 48846
James J Twarozynski officer: Sr Vice President & Controller 201 HIGHLAND DRIVE, ROCKFORD MI 49341
Terance L Beia director 4200 E BELTLINE, GRAND RAPIDS MI 49525
Archer Dennis W. Jr director 4200 E BELTLINE, GRAND RAPIDS MI 49525
Kristopher Kreter officer: First Vice Pres. & Controller 4200 E BELTLINE, GRAND RAPIDS MI 49525
Ronia F Kruse director 4200 E BELTLINE, GRAND RAPIDS MI 49525
Joel F Rahn officer: Executive Vice President 4200 E BELTLINE, GRAND RAPIDS MI 49525
William B Kessel officer: President of Affiliate Bank INDEPENDENT BANK CORPORATION, 230 WEST MAIN STREET, IONIA MI 48846
Matthew J Missad director 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525
Dennis J Mack officer: Executive Vice President 230 WEST MAIN STREET, IONIA MI 48846
Robert N Shuster officer: Executive Vice President and C 201 HIGHLAND DRIVE, ROCKFORD MI 49341