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Independent Bank Corporation IBCP Transaction based revenue — Revenue from contracts with customers

Other product segments

Interchange income
$3.58M+5.5%
Overdraft fees
$2.21M+0.7%
Account service charges
$768K+14.1%
Asset management revenue
$435K+11.5%
ATM fees
$382K-4.7%
Other
$156K-7.7%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

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
Three months ending June 30, 2026Service Chargeson Deposit Accounts / (In thousands)Other Deposit Related Income / (In thousands)Interchange Income / (In thousands)Investmentand Insurance Commissions / (In thousands)Total / (In thousands)
Other116116
Interchange income3,5763,576
Asset management revenue435435
Transaction based revenue429429
Total$3,100$664$3,576$864$8,204
Reconciliation to interim Condensed Consolidated Statement of Operations:
Non-interest income - other:
Other deposit related income$664

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

FAQ

What is Independent Bank Corporation's transaction based revenue — revenue from contracts with customers?
Independent Bank Corporation (IBCP) reported transaction based revenue — revenue from contracts with customers of $429K in Q2 2026.
How has Independent Bank Corporation's transaction based revenue — revenue from contracts with customers changed year-over-year?
Independent Bank Corporation's transaction based revenue — revenue from contracts with customers increased by 2.1% year-over-year, from $420K to $429K.
What is the long-term trend for Independent Bank Corporation's transaction based revenue — revenue from contracts with customers?
Over 4 years (2021 to 2025), Independent Bank Corporation's transaction based revenue — revenue from contracts with customers has grown at a 19.6% compound annual growth rate (CAGR), from $914K to $1.87M.
What does transaction based revenue — revenue from contracts with customers mean?
This metric represents non-interest income generated from specific customer-initiated banking services, such as ATM usage, ACH transfers, and stop payment requests. It reflects the revenue recognized at the point of service execution when the bank fulfills a discrete customer request. This category serves as a key indicator of the bank's ability to monetize routine transactional activities and digital banking engagement.

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