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Independent Bank Corporation IBCP Independent Bank — 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:IncomeTaxExpenseBenefit.

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 tax?
Independent Bank Corporation (IBCP) reported independent bank — income tax of $3.56M in Q1 2026.
How has Independent Bank Corporation's independent bank — income tax changed year-over-year?
Independent Bank Corporation's independent bank — income tax decreased by 9.9% year-over-year, from $3.95M to $3.56M.
What is the long-term trend for Independent Bank Corporation's independent bank — income tax?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — income tax has grown at a -2.9% compound annual growth rate (CAGR), from $15.53M to $14.2M.
What does independent bank — income tax mean?
Represents the total tax liability accrued by the banking segment based on its taxable income for the period. This metric reflects the impact of statutory tax rates and tax planning strategies on the segment's bottom-line results.