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Independent Bank Corporation IBCP Independent Bank — Compensation and employee benefits

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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$733.37M+16.4%
Enterprise value$565.68M+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 / equity0×0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:LaborAndRelatedExpense.

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 — compensation and employee benefits?
Independent Bank Corporation (IBCP) reported independent bank — compensation and employee benefits of $21.74M in Q1 2026.
How has Independent Bank Corporation's independent bank — compensation and employee benefits changed year-over-year?
Independent Bank Corporation's independent bank — compensation and employee benefits increased by 7.1% year-over-year, from $20.29M to $21.74M.
What is the long-term trend for Independent Bank Corporation's independent bank — compensation and employee benefits?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — compensation and employee benefits has grown at a 1.8% compound annual growth rate (CAGR), from $80.47M to $84.8M.
What does independent bank — compensation and employee benefits mean?
Total costs related to salaries, wages, bonuses, and employee benefit programs for staff within the banking segment. As the largest component of noninterest expense, it reflects the bank's investment in human capital and operational scale.