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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$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:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest.

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
Merger related expenses43326369
Other1,8702512,121
Total Non-interest Expense36,981870(42)37,809
Income Before Income Tax23,988(1,232)(46)22,710
Income tax expense4,126(211)(10)3,905
Net Income$19,862$(1,021)$(36)$18,805
OTHER SEGMENT DISCLOSURES
Depreciation1,3181,318

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

FAQ

What is Independent Bank Corporation's independent bank — income before income tax?
Independent Bank Corporation (IBCP) reported independent bank — income before income tax of $23.99M in Q2 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 9.1% year-over-year, from $21.98M to $23.99M.
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.

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