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Independent Bank Corporation IBCP Independent Bank — Interchange income

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SHBIInterchange income — Noninterest income (in-scope of Topic 606)
$1.7M+7.7%

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 / equity0×0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept ibcp:InterchangeIncome.

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 — interchange income?
Independent Bank Corporation (IBCP) reported independent bank — interchange income of $3.23M in Q1 2026.
How has Independent Bank Corporation's independent bank — interchange income changed year-over-year?
Independent Bank Corporation's independent bank — interchange income increased by 3.4% year-over-year, from $3.13M to $3.23M.
What is the long-term trend for Independent Bank Corporation's independent bank — interchange income?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — interchange income has grown at a -0.2% compound annual growth rate (CAGR), from $13.96M to $13.86M.
What does independent bank — interchange income mean?
Revenue generated from fees charged to merchants for processing debit or credit card transactions initiated by bank customers. This metric reflects the bank's ability to monetize payment processing activity and consumer spending habits.