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Independent Bank Corporation IBCP Independent Bank — Provision for Credit Losses

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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:ProvisionForLoanLossesExpensed.

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
Other borrowings and subordinated debt and debentures3916791,070
Total Interest Expense18,71367919,392
Net Interest Income48,497(679)8447,902
Provision for credit losses2,7172,717
Net Interest Income After Provision for Credit Losses45,780(679)8445,185
NON-INTEREST INCOME
Interchange income3,5763,576
Service charges on deposit accounts3,1003,100

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

FAQ

What is Independent Bank Corporation's independent bank — provision for credit losses?
Independent Bank Corporation (IBCP) reported independent bank — provision for credit losses of $2.72M in Q2 2026.
How has Independent Bank Corporation's independent bank — provision for credit losses changed year-over-year?
Independent Bank Corporation's independent bank — provision for credit losses increased by 81.1% year-over-year, from $1.5M to $2.72M.
What is the long-term trend for Independent Bank Corporation's independent bank — provision for credit losses?
Over 3 years (2022 to 2025), Independent Bank Corporation's independent bank — provision for credit losses has grown at a 4.7% compound annual growth rate (CAGR), from $5.34M to $6.14M.
What does independent bank — provision for credit losses mean?
An expense charged to the income statement to maintain the allowance for loan and lease losses at a level adequate to cover expected credit losses. It reflects management's assessment of the credit risk inherent in the current loan portfolio.

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