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Independent Bank Corporation IBCP Q1 2025 earnings

Reported April 24, 2025 · Before market open

Revenue$52.3MBeat by $6.0M
EPS$0.74Beat by $0.04
Revenue estimate$46.2M
EPS estimate$0.70

Next report

Oct 27, 2026 (in 3 months)
Revenue estimate$68.9M
EPS estimate$0.93

Financials

Q1 2025

Income statement

See full
Revenue$54.1M+2.6%
Net income$15.6M-2.5%
EPS (diluted)$0.74-2.6%

Balance sheet

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Cash & equivalents$128.1M-20.8%
Total debt$6.4M-8.4%
Total equity$467.3M+12.4%
Total assets$5.3B+1.9%

Cash flow

See full
Operating cash flow$19.3M-7.6%
CapEx$1.1M+66.0%
Free cash flow$18.1M-10.1%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$645.75M+21.9%
Enterprise value$523.97M+39.7%
P/E9.7×+1.2×
P/S2.9×+0.4×

Profitability

See full
Net margin29.6%+0.2pp
FCF margin23.7%-8.4pp

Returns & leverage

See full
Return on equity15%-0.8pp
Debt / equity0×0.0×

Segments

By product

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Interchange income$3.1M-0.8%
Overdraft fees$2.1M-3.7%
Account service charges$593.0K+3.5%
Asset management revenue$410.0K-16.8%
ATM fees$355.0K-7.3%

Versus estimates

Revenue

Q2 2026$63.2MBeat by $3.2MQ1 2026$58.9MBeat by $208.0KQ4 2025$58.3MMiss by $422.3KQ3 2025$55.5MBeat by $9.1MQ2 2025$54.1MBeat by $4.0M
Q1 2025$52.3MBeat by $6.0M

Diluted EPS

Q2 2026$0.90Beat by $0.06Q1 2026$0.81Beat by $0.02Q4 2025$0.89Beat by $0.06Q3 2025$0.84Beat by $0.01Q2 2025$0.81Beat by $0.03
Q1 2025$0.74Beat by $0.04

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Questions, answered.

When did Independent Bank Corporation report Q1 2025 earnings?
Independent Bank Corporation (IBCP) reported Q1 2025 earnings on April 24, 2025 before market open.
What were Independent Bank Corporation's Q1 2025 revenue and EPS?
Independent Bank Corporation reported revenue of $52.3M and eps of $0.74 for Q1 2025.
Did Independent Bank Corporation beat estimates in Q1 2025?
Revenue beat the consensus estimate of $46.2M by $6.0M. EPS beat the consensus estimate of $0.70 by $0.04.
How did Independent Bank Corporation's Q1 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 2.0% from $51.2M a year earlier and eps declined 2.6% from $0.76.
Where can I find Independent Bank Corporation's Q1 2025 SEC filings?
You can read the 10-Q periodic report (0000039311-25-000065) directly on SEC EDGAR. The filing index links above go to sec.gov.