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Independent Bank Corporation IBCP Independent Bank — Interest Expense, Operating

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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:InterestExpenseOperating.

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
INTEREST EXPENSE
Deposits18,32218,322
Other borrowings and subordinated debt and debentures3916791,070
Total Interest Expense18,71367919,392
Net Interest Income48,497(679)8447,902
Provision for credit losses2,7172,717
Net Interest Income After Provision for Credit Losses45,780(679)8445,185
NON-INTEREST INCOME

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, operating?
Independent Bank Corporation (IBCP) reported independent bank — interest expense, operating of $18.71M in Q2 2026.
How has Independent Bank Corporation's independent bank — interest expense, operating changed year-over-year?
Independent Bank Corporation's independent bank — interest expense, operating decreased by 11.5% year-over-year, from $21.14M to $18.71M.
What is the long-term trend for Independent Bank Corporation's independent bank — interest expense, operating?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — interest expense, operating has grown at a 77.4% compound annual growth rate (CAGR), from $15.34M to $85.68M.
What does independent bank — interest expense, operating mean?
The total interest costs incurred by the bank's core operating activities, excluding non-operating items. It provides a clear view of the recurring cost of capital required to fund the bank's primary lending and investment operations.

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