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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$58.9M+8.9%
Net income$16.9M+8.2%
EPS (diluted)$0.81+9.5%

Balance sheet

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Cash & equivalents$174.9M+36.5%
Total debt$7.2M+13.4%
Total equity$510.6M+9.3%
Total assets$5.6B+4.3%

Cash flow

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Operating cash flow-$9.2M-148%
CapEx$4.6M+311%
Free cash flow-$13.8M-176%

Valuation

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Market cap$733.17M+16.4%
Enterprise value$565.47M+11.3%
P/E10.5×+1.0×
P/S3.2×+0.4×

Profitability

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Net margin30.3%+0.7pp
FCF margin16.6%-7.1pp

Returns & leverage

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Return on equity14.3%-0.8pp
Debt / equity0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept ibcp:LoanAndCollection.

The official record: Independent Bank Corporation’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Independent Bank Corporation's independent bank — loan and collection?
Independent Bank Corporation (IBCP) reported independent bank — loan and collection of $752K in Q1 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 decreased by 4.3% year-over-year, from $786K to $752K.
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.