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Independent Bank Corporation IBCP Independent Bank — Loan and collection

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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:LoanAndCollection.

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 itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Advertising1,1808332,3901,694
Litigation expense3501,850
Furniture, fixtures and equipment9277931,8211,678
Loan and collection1,0387441,7901,530
FDIC deposit insurance7386371,5371,348
Legal and professional6135001,204979
Communications4644701,0571,061
Merger related expense369669

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

FAQ

What is Independent Bank Corporation's independent bank — loan and collection?
Independent Bank Corporation (IBCP) reported independent bank — loan and collection of $1.04M in Q2 2026.
How has Independent Bank Corporation's independent bank — loan and collection changed year-over-year?
Independent Bank Corporation's independent bank — loan and collection increased by 39.5% year-over-year, from $744K to $1.04M.
What is the long-term trend for Independent Bank Corporation's independent bank — loan and collection?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — loan and collection has grown at a 1.0% compound annual growth rate (CAGR), from $2.66M to $2.74M.
What does independent bank — loan and collection mean?
Includes the operational costs associated with originating, servicing, and recovering funds from the loan portfolio. High levels of this expense may indicate increased administrative effort in managing credit quality or processing loan applications.

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