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Independent Bank Corporation IBCP Independent Bank — Data Processing

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$3.26M+23.4%

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 ibcp:DataProcessing.

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 — data processing?
Independent Bank Corporation (IBCP) reported independent bank — data processing of $3.93M in Q1 2026.
How has Independent Bank Corporation's independent bank — data processing changed year-over-year?
Independent Bank Corporation's independent bank — data processing increased by 5.9% year-over-year, from $3.71M to $3.93M.
What is the long-term trend for Independent Bank Corporation's independent bank — data processing?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — data processing has grown at a 13.2% compound annual growth rate (CAGR), from $10.15M to $14.71M.
What does independent bank — data processing mean?
Expenses incurred for the maintenance and operation of core banking systems, digital platforms, and information technology infrastructure. This metric highlights the bank's investment in technological capabilities and digital transformation.