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Goodwill at other companies

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$20.42M0.0%
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$71.5M0.0%
BSR
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$27.36M0.0%

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 us-gaap:Goodwill.

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 itemJune 30,2026December 31,2025
Bank-owned life insurance53,56753,750
Capitalized mortgage loan servicing rights, carried at fair value33,94931,493
Other intangibles, net7711,001
Goodwill28,30028,300
Accrued income and other assets169,976167,516
Total Assets$5,663,841$5,505,720
Liabilities and Shareholders' Equity
Deposits

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

FAQ

What is Independent Bank Corporation's goodwill?
Independent Bank Corporation (IBCP) reported goodwill of $28.3M in Q2 2026.
How has Independent Bank Corporation's goodwill changed year-over-year?
Independent Bank Corporation's goodwill decreased by 0.0% year-over-year, from $28.3M to $28.3M.
What is the long-term trend for Independent Bank Corporation's goodwill?
Over 5 years (2020 to 2025), Independent Bank Corporation's goodwill has grown at a 0.0% compound annual growth rate (CAGR), from $28.3M to $28.3M.
What does goodwill mean?
The excess of acquisition cost over the fair value of net identifiable assets acquired — representing brand value, customer relationships, and synergies from past M&A.

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