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Independent Bank Corporation IBCP Independent Bank — Income before income tax

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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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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 — income before income tax?
Independent Bank Corporation (IBCP) reported independent bank — income before income tax of $21.12M in Q1 2026.
How has Independent Bank Corporation's independent bank — income before income tax changed year-over-year?
Independent Bank Corporation's independent bank — income before income tax increased by 4.0% year-over-year, from $20.3M to $21.12M.
What is the long-term trend for Independent Bank Corporation's independent bank — income before income tax?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — income before income tax has grown at a 1.4% compound annual growth rate (CAGR), from $82.65M to $86.16M.
What does independent bank — income before income tax mean?
Measures the profitability of the banking segment after all operating expenses and interest costs have been deducted, but before accounting for income tax obligations. It serves as a key indicator of the segment's core operational performance.