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Independent Bank Corporation IBCP Independent Bank — Legal and professional

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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:ProfessionalFees.

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
Furniture, fixtures and equipment9261927
Advertising1,17731,180
FDIC deposit insurance738738
Legal and professional507106613
Loan and collection1,0381,038
Communications4559464
Merger related expenses43326369
Other1,8702512,121

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

FAQ

What is Independent Bank Corporation's independent bank — legal and professional?
Independent Bank Corporation (IBCP) reported independent bank — legal and professional of $507K in Q2 2026.
How has Independent Bank Corporation's independent bank — legal and professional changed year-over-year?
Independent Bank Corporation's independent bank — legal and professional increased by 19.9% year-over-year, from $423K to $507K.
What is the long-term trend for Independent Bank Corporation's independent bank — legal and professional?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — legal and professional has grown at a 4.5% compound annual growth rate (CAGR), from $1.76M to $2.01M.
What does independent bank — legal and professional mean?
Represents fees paid for external legal counsel, consulting services, and specialized professional expertise. These costs are often associated with regulatory compliance, litigation, or strategic business initiatives.

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