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Independent Bank Corporation IBCP Independent Bank — FDIC deposit insurance

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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:FederalDepositInsuranceCorporationPremiumExpense.

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
Interchange expense1,2241,224
Furniture, fixtures and equipment9261927
Advertising1,17731,180
FDIC deposit insurance738738
Legal and professional507106613
Loan and collection1,0381,038
Communications4559464
Merger related expenses43326369

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

FAQ

What is Independent Bank Corporation's independent bank — FDIC deposit insurance?
Independent Bank Corporation (IBCP) reported independent bank — FDIC deposit insurance of $738K in Q2 2026.
How has Independent Bank Corporation's independent bank — FDIC deposit insurance changed year-over-year?
Independent Bank Corporation's independent bank — FDIC deposit insurance increased by 15.9% year-over-year, from $637K to $738K.
What is the long-term trend for Independent Bank Corporation's independent bank — FDIC deposit insurance?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — FDIC deposit insurance has grown at a 9.7% compound annual growth rate (CAGR), from $2.14M to $2.82M.
What does independent bank — FDIC deposit insurance mean?
Represents the mandatory premiums paid by the bank to the Federal Deposit Insurance Corporation to insure customer deposits. This is a regulatory cost that scales with the size and risk profile of the bank's deposit base.

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