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Independent Bank Corporation IBCP Independent Bank — Occupancy, net

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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:OccupancyNet.

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
NON-INTEREST EXPENSE
Compensation and employee benefits22,456146(42)22,560
Data processing4,130224,152
Occupancy, net2,06762,073
Litigation expense350350
Interchange expense1,2241,224
Furniture, fixtures and equipment9261927
Advertising1,17731,180

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

FAQ

What is Independent Bank Corporation's independent bank — occupancy, net?
Independent Bank Corporation (IBCP) reported independent bank — occupancy, net of $2.07M in Q2 2026.
How has Independent Bank Corporation's independent bank — occupancy, net changed year-over-year?
Independent Bank Corporation's independent bank — occupancy, net increased by 1.3% year-over-year, from $2.04M to $2.07M.
What is the long-term trend for Independent Bank Corporation's independent bank — occupancy, net?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — occupancy, net has grown at a -1.3% compound annual growth rate (CAGR), from $8.88M to $8.54M.
What does independent bank — occupancy, net mean?
Costs associated with maintaining physical branch locations and administrative offices, net of any rental income from subleasing. This reflects the bank's physical footprint strategy and real estate overhead.

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