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Independent Bank Corporation IBCP Independent Bank — Interest Expense, Deposits

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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 / equity0×0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:InterestExpenseDeposits.

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
Other investments826——826
Total Interest Income67,210—8467,294
INTEREST EXPENSE
Deposits18,322——18,322
Other borrowings and subordinated debt and debentures391679—1,070
Total Interest Expense18,713679—19,392
Net Interest Income48,497(679)8447,902
Provision for credit losses2,717——2,717

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

FAQ

What is Independent Bank Corporation's independent bank — interest expense, deposits?
Independent Bank Corporation (IBCP) reported independent bank — interest expense, deposits of $18.32M in Q2 2026.
How has Independent Bank Corporation's independent bank — interest expense, deposits changed year-over-year?
Independent Bank Corporation's independent bank — interest expense, deposits decreased by 12.0% year-over-year, from $20.83M to $18.32M.
What is the long-term trend for Independent Bank Corporation's independent bank — interest expense, deposits?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — interest expense, deposits has grown at a 80.8% compound annual growth rate (CAGR), from $14.35M to $84.85M.
What does independent bank — interest expense, deposits mean?
The total cost incurred by the bank to pay interest to customers on savings, checking, and time deposit accounts. This is a key measure of the bank's cost of funds and its ability to attract and retain low-cost retail or commercial deposits.

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