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Independent Bank Corporation IBCP Collateral dependent loans, carrying amount

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Other financials

Income statement

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Revenue$63.2M+13.0%
Net income$18.8M+11.4%
EPS (diluted)$0.90+11.1%

Balance sheet

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Cash & equivalents$165.5M+13.2%
Total debt$7.0M+0.5%
Total equity$528.4M+12.6%
Total assets$5.7B+4.5%

Cash flow

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Operating cash flow$20.3M+5.7%
CapEx$3.6M+56.3%
Free cash flow$16.7M-1.1%

Valuation

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Market cap$854.67M+37.0%
Enterprise value$696.26M+43.6%
P/E11.9×+2.3×
P/S3.6×+0.8×

Profitability

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Net margin30.2%+1.2pp
FCF margin16%-12.2pp

Returns & leverage

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Return on equity14.4%0.0pp
Debt / equity0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept ibcp:CollateralDependentLoansCarryingAmount.

The source filing: Independent Bank Corporation’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 12:18 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000039311-26-000061
  • Loans that are individually evaluated using the fair value of collateral for collateral dependent loans had a carrying amount of $16.7 million, which is net of a valuation allowance of $9.3 million at June 30, 2026, and had a carrying amount of $18.6 million, which is net of a valuation allowance of $6.8 million at December 31, 2025. The provision for credit losses included in our results of operations relating to collateral dependent loans was a net expense of $3.4 million and $1.1 million for the three month periods ending June 30, 2026 and 2025, respectively, and a net expense of $3.9 million and $2.3 million for the six month periods ending June 30, 2026 and 2025, respectively.

Item 1. Condensed Consolidated Statements of Financial Condition June 30, 2026 and December 31, 20

FAQ

What is Independent Bank Corporation's collateral dependent loans, carrying amount?
Independent Bank Corporation (IBCP) reported collateral dependent loans, carrying amount of $16.7M in Q2 2026.
How has Independent Bank Corporation's collateral dependent loans, carrying amount changed year-over-year?
Independent Bank Corporation's collateral dependent loans, carrying amount decreased by 6.2% year-over-year, from $17.8M to $16.7M.
What is the long-term trend for Independent Bank Corporation's collateral dependent loans, carrying amount?
Over 5 years (2020 to 2025), Independent Bank Corporation's collateral dependent loans, carrying amount has grown at a 15.4% compound annual growth rate (CAGR), from $9.1M to $18.6M.
What does collateral dependent loans, carrying amount mean?
Collateral dependent loans, carrying amount as reported by Independent Bank Corp..

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