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Independent Bank Corporation IBCP Independent Bank — Interest on securities

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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 ibcp:InterestIncomeSecuritiesOperatingTaxableAndTaxExempt.

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 INCOME
Interest and fees on loans$60,559$84$60,643
Interest on securities5,8255,825
Other investments826826
Total Interest Income67,2108467,294
INTEREST EXPENSE
Deposits18,32218,322
Other borrowings and subordinated debt and debentures3916791,070

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 on securities?
Independent Bank Corporation (IBCP) reported independent bank — interest on securities of $5.83M in Q2 2026.
How has Independent Bank Corporation's independent bank — interest on securities changed year-over-year?
Independent Bank Corporation's independent bank — interest on securities decreased by 11.3% year-over-year, from $6.57M to $5.83M.
What is the long-term trend for Independent Bank Corporation's independent bank — interest on securities?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — interest on securities has grown at a -3.7% compound annual growth rate (CAGR), from $29.07M to $25.95M.
What does independent bank — interest on securities mean?
Refers to the interest income earned from the bank's investment portfolio, including government and corporate debt securities. This metric reflects the bank's strategy for managing excess liquidity and generating stable, low-risk returns.

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