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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$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:EquipmentExpense.

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
Occupancy, net2,06762,073
Litigation expense350350
Interchange expense1,2241,224
Furniture, fixtures and equipment9261927
Advertising1,17731,180
FDIC deposit insurance738738
Legal and professional507106613
Loan and collection1,0381,038

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

FAQ

What is Independent Bank Corporation's independent bank — furniture, fixtures and equipment?
Independent Bank Corporation (IBCP) reported independent bank — furniture, fixtures and equipment of $926K in Q2 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 16.8% year-over-year, from $793K to $926K.
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.

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