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Independent Bank Corporation IBCP Q1 2026 earnings

Reported April 23, 2026 · Before market open

Revenue$58.9MBeat by $208.0K
EPS$0.81Beat by $0.02
Revenue estimate$58.7M
EPS estimate$0.79

Next report

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

Financials

Q1 2026

Income statement

See full
Revenue$58.9M+8.9%
Net income$16.9M+8.2%
EPS (diluted)$0.81+9.5%

Balance sheet

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Cash & equivalents$174.9M+36.5%
Total debt$7.2M+13.4%
Total equity$510.6M+9.3%
Total assets$5.6B+4.3%

Cash flow

See full
Operating cash flow-$9.2M-148%
CapEx$4.6M+311%
Free cash flow-$13.8M-176%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$685.51M+6.2%
Enterprise value$517.81M-1.2%
P/E9.8×+0.1×
P/S3×+0.1×

Profitability

See full
Net margin30.3%+0.7pp
FCF margin16.6%-7.1pp

Returns & leverage

See full
Return on equity14.3%-0.8pp
Debt / equity0×0.0×

Segments

By product

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Interchange income$3.2M+3.4%
Overdraft fees$2.1M-0.5%
Account service charges$723.0K+21.9%
Asset management revenue$424.0K+3.4%
Transaction based revenue$385.0K+12.2%

Versus estimates

Revenue

Q2 2026$63.2MBeat by $3.2M
Q1 2026$58.9MBeat by $208.0K
Q4 2025$58.3MMiss by $422.3KQ3 2025$55.5MBeat by $9.1MQ2 2025$54.1MBeat by $4.0MQ1 2025$52.3MBeat by $6.0M

Diluted EPS

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

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Questions, answered.

When did Independent Bank Corporation report Q1 2026 earnings?
Independent Bank Corporation (IBCP) reported Q1 2026 earnings on April 23, 2026 before market open.
What were Independent Bank Corporation's Q1 2026 revenue and EPS?
Independent Bank Corporation reported revenue of $58.9M and eps of $0.81 for Q1 2026.
Did Independent Bank Corporation beat estimates in Q1 2026?
Revenue beat the consensus estimate of $58.7M by $208.0K. EPS beat the consensus estimate of $0.79 by $0.02.
How did Independent Bank Corporation's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 12.7% from $52.3M a year earlier and eps grew 9.5% from $0.74.
Where can I find Independent Bank Corporation's Q1 2026 SEC filings?
You can read the 8-K earnings release (0000039311-26-000039) and the 10-Q periodic report (0000039311-26-000048) directly on SEC EDGAR. The filing index links above go to sec.gov.