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Independent Bank Corporation IBCP Independent Bank — Amortization

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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$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:AdjustmentForAmortization.

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 itemIndependent BankOther(1)EliminationsTotal
Total Non-interest Expense36,981870(42)37,809
Income Before Income Tax23,988(1,232)(46)22,710
Income tax expense4,126(211)(10)3,905
Net Income$19,862$(1,021)$(36)$18,805
OTHER SEGMENT DISCLOSURES
Depreciation1,3181,318
Amortization115115
Total assets5,656,124603,759(596,042)5,663,841

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

FAQ

What is Independent Bank Corporation's independent bank — amortization?
Independent Bank Corporation (IBCP) reported independent bank — amortization of $115K in Q2 2026.
How has Independent Bank Corporation's independent bank — amortization changed year-over-year?
Independent Bank Corporation's independent bank — amortization decreased by 5.7% year-over-year, from $122K to $115K.
What is the long-term trend for Independent Bank Corporation's independent bank — amortization?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — amortization has grown at a -14.7% compound annual growth rate (CAGR), from $785K to $487K.
What does independent bank — amortization mean?
This metric measures the periodic expense associated with the gradual write-down of intangible assets, such as software or acquired customer relationships, over their defined useful lives. It is a non-cash charge that reflects the consumption of economic value from non-physical assets.

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