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Independent Bank Corporation IBCP Independent Bank — Furniture, fixtures and equipment

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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×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:EquipmentExpense.

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 — furniture, fixtures and equipment?
Independent Bank Corporation (IBCP) reported independent bank — furniture, fixtures and equipment of $894K in Q1 2026.
How has Independent Bank Corporation's independent bank — furniture, fixtures and equipment changed year-over-year?
Independent Bank Corporation's independent bank — furniture, fixtures and equipment increased by 1.1% year-over-year, from $884K to $894K.
What is the long-term trend for Independent Bank Corporation's independent bank — furniture, fixtures and equipment?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — furniture, fixtures and equipment has grown at a -4.7% compound annual growth rate (CAGR), from $4M to $3.46M.
What does independent bank — furniture, fixtures and equipment mean?
Captures the recurring maintenance, lease, and depreciation costs associated with the physical infrastructure and technology hardware used in bank branches and offices. This metric provides insight into the overhead required to maintain a physical retail banking presence.