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Independent Bank Corporation IBCP Independent Bank — Communications

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Other financials

Income statement

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Revenue$58.9M+8.9%
Net income$16.9M+8.2%
EPS (diluted)$0.81+9.5%

Balance sheet

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Cash & equivalents$174.9M+36.5%
Total debt$7.2M+13.4%
Total equity$510.6M+9.3%
Total assets$5.6B+4.3%

Cash flow

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Operating cash flow-$9.2M-148%
CapEx$4.6M+311%
Free cash flow-$13.8M-176%

Valuation

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Market cap$733.17M+16.4%
Enterprise value$565.47M+11.3%
P/E10.5×+1.0×
P/S3.2×+0.4×

Profitability

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Net margin30.3%+0.7pp
FCF margin16.6%-7.1pp

Returns & leverage

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Return on equity14.3%-0.8pp
Debt / equity0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:Communication.

The official record: Independent Bank Corporation’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Independent Bank Corporation's independent bank — communications?
Independent Bank Corporation (IBCP) reported independent bank — communications of $587K in Q1 2026.
How has Independent Bank Corporation's independent bank — communications changed year-over-year?
Independent Bank Corporation's independent bank — communications increased by 0.9% year-over-year, from $582K to $587K.
What is the long-term trend for Independent Bank Corporation's independent bank — communications?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — communications has grown at a -11.4% compound annual growth rate (CAGR), from $2.83M to $1.97M.
What does independent bank — communications mean?
Covers the costs related to telecommunications, network connectivity, and digital infrastructure necessary to support banking operations and customer service channels. This reflects the bank's investment in maintaining reliable communication lines for both internal staff and digital banking platforms.