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Independent Bank Corporation IBCP Compensation and benefits

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Segments

By segment

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Independent Bank$22.46M+6.8%

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$844.24M+33.2%
Enterprise value$685.83M+38.7%
P/E11.8×+2.0×
P/S3.6×+0.7×

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 / equity0×0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

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
Line itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Other3,0372,8225,9885,968
Total Non-interest Income15,33411,32527,38221,749
Non-interest Expense
Compensation and employee benefits22,56021,12344,38941,506
Data processing4,1523,8478,1047,576
Occupancy, net2,0732,0464,4864,269
Interchange expense1,2241,1772,4152,296
Advertising1,1808332,3901,694

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

FAQ

What is Independent Bank Corporation's compensation and benefits?
Independent Bank Corporation (IBCP) reported compensation and benefits of $22.56M in Q2 2026.
How has Independent Bank Corporation's compensation and benefits changed year-over-year?
Independent Bank Corporation's compensation and benefits increased by 6.8% year-over-year, from $21.12M to $22.56M.
What is the long-term trend for Independent Bank Corporation's compensation and benefits?
Over 4 years (2021 to 2025), Independent Bank Corporation's compensation and benefits has grown at a 1.6% compound annual growth rate (CAGR), from $79.97M to $85.19M.
What does compensation and benefits mean?
Total employee-related costs including salaries, wages, bonuses, commissions, stock-based compensation, health insurance, retirement contributions, and payroll taxes.

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