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Independent Bank Corporation IBCP Independent Bank — Interest Expense

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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:InterestIncomeExpenseNet.

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 — interest expense?
Independent Bank Corporation (IBCP) reported independent bank — interest expense of $47.45M in Q1 2026.
How has Independent Bank Corporation's independent bank — interest expense changed year-over-year?
Independent Bank Corporation's independent bank — interest expense increased by 6.4% year-over-year, from $44.62M to $47.45M.
What is the long-term trend for Independent Bank Corporation's independent bank — interest expense?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — interest expense has grown at a 6.2% compound annual growth rate (CAGR), from $153.43M to $183.75M.
What does independent bank — interest expense mean?
The total interest paid on all liabilities, including deposits, borrowings, and debt instruments. This figure is critical for calculating the net interest margin and assessing the overall cost efficiency of the bank's funding structure.