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Independent Bank Corporation IBCP Purchased Credit Deteriorated Loans

Purchased Credit Deteriorated Loans at other companies

Financial Institutions logo
Financial InstitutionsFISI
——
Great Southern Bancorp logo
Great Southern BancorpGSBC
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Independent Bank Corp logo
Independent Bank CorpINDB
——
Five Star Bancorp logo
Five Star BancorpFSBC
——
Hanmi Financial logo
Hanmi FinancialHAFC
——
Farmers National Banc Corp logo
Farmers National Banc CorpFMNB
——

Other financials

Income statement

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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

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

Valuation

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Market cap$733.37M+16.4%
Enterprise value$565.68M+11.3%
P/E10.5×+1.0×
P/S3.2×+0.4×

Profitability

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

Returns & leverage

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

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:NotesReceivableNet.

The official record: Independent Bank Corporation’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Independent Bank Corporation's purchased credit deteriorated loans?
Independent Bank Corporation (IBCP) reported purchased credit deteriorated loans of $4.24B in Q1 2026.
How has Independent Bank Corporation's purchased credit deteriorated loans changed year-over-year?
Independent Bank Corporation's purchased credit deteriorated loans increased by 5.8% year-over-year, from $4.01B to $4.24B.
What is the long-term trend for Independent Bank Corporation's purchased credit deteriorated loans?
Over 4 years (2021 to 2025), Independent Bank Corporation's purchased credit deteriorated loans has grown at a 10.2% compound annual growth rate (CAGR), from $2.86B to $4.21B.