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Independent Bank Corporation IBCP Independent Bank — Net Income (Loss)

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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$733.37M+16.4%
Enterprise value$565.68M+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 us-gaap:NetIncomeLoss.

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 — net income (loss)?
Independent Bank Corporation (IBCP) reported independent bank — net income (loss) of $17.56M in Q1 2026.
How has Independent Bank Corporation's independent bank — net income (loss) changed year-over-year?
Independent Bank Corporation's independent bank — net income (loss) increased by 7.4% year-over-year, from $16.35M to $17.56M.
What is the long-term trend for Independent Bank Corporation's independent bank — net income (loss)?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — net income (loss) has grown at a 2.3% compound annual growth rate (CAGR), from $67.13M to $71.97M.
What does independent bank — net income (loss) mean?
This metric represents the total profit or loss generated by the banking segment after accounting for all interest income, noninterest income, operating expenses, and taxes. It serves as the primary indicator of the segment's overall financial performance and contribution to the parent company's bottom line.