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Independent Bank Corporation IBCP Asset management revenue — Revenue from contracts with customers

Other product segments

Interchange income
$3.58M+5.5%
Overdraft fees
$2.21M+0.7%
Account service charges
$768K+14.1%
Transaction based revenue
$429K+2.1%
ATM fees
$382K-4.7%
Other
$156K-7.7%

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WASHTotal Revenues — Revenue from contracts with customers
$13.64M+9.4%

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×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Three months ending June 30, 2026Service Chargeson Deposit Accounts / (In thousands)Other Deposit Related Income / (In thousands)Interchange Income / (In thousands)Investmentand Insurance Commissions / (In thousands)Total / (In thousands)
ATM fees1010
Other116116
Interchange income3,5763,576
Asset management revenue435435
Transaction based revenue429429
Total$3,100$664$3,576$864$8,204
Reconciliation to interim Condensed Consolidated Statement of Operations:
Non-interest income - other:

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

FAQ

What is Independent Bank Corporation's asset management revenue — revenue from contracts with customers?
Independent Bank Corporation (IBCP) reported asset management revenue — revenue from contracts with customers of $435K in Q2 2026.
How has Independent Bank Corporation's asset management revenue — revenue from contracts with customers changed year-over-year?
Independent Bank Corporation's asset management revenue — revenue from contracts with customers increased by 11.5% year-over-year, from $390K to $435K.
What is the long-term trend for Independent Bank Corporation's asset management revenue — revenue from contracts with customers?
Over 4 years (2021 to 2025), Independent Bank Corporation's asset management revenue — revenue from contracts with customers has grown at a -0.8% compound annual growth rate (CAGR), from $1.69M to $1.64M.
What does asset management revenue — revenue from contracts with customers mean?
This metric represents the fee-based income generated from providing investment advisory, custody, and recordkeeping services to clients. It reflects the bank's ability to monetize non-interest-bearing activities through professional asset management and financial service commissions. Consistent performance in this area indicates a stable stream of recurring revenue derived from client relationships rather than traditional lending activities.

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