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Independent Bank Corporation IBCP ATM fees — 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%
Asset management revenue
$435K+11.5%
Transaction based revenue
$429K+2.1%
Other
$156K-7.7%

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$42.26M+3.2%

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)
Retail
Overdraft fees$2,208$2,208
Account service charges768768
ATM fees382382
Other156156
Business
Overdraft fees124124
ATM fees1010

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

FAQ

What is Independent Bank Corporation's ATM fees — revenue from contracts with customers?
Independent Bank Corporation (IBCP) reported ATM fees — revenue from contracts with customers of $382K in Q2 2026.
How has Independent Bank Corporation's ATM fees — revenue from contracts with customers changed year-over-year?
Independent Bank Corporation's ATM fees — revenue from contracts with customers decreased by 4.7% year-over-year, from $401K to $382K.
What is the long-term trend for Independent Bank Corporation's ATM fees — revenue from contracts with customers?
Over 4 years (2021 to 2025), Independent Bank Corporation's ATM fees — revenue from contracts with customers has grown at a 8.4% compound annual growth rate (CAGR), from $1.11M to $1.53M.
What does ATM fees — revenue from contracts with customers mean?
This metric represents the total revenue generated from transaction-based fees charged to customers for the use of automated teller machine (ATM) services. It reflects the bank's ability to monetize self-service banking channels and captures income derived from both proprietary ATM network usage and out-of-network transaction fees. This revenue stream serves as a component of non-interest income, indicating the level of customer engagement with the bank's physical and digital distribution infrastructure.

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