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

Other product segments

Interchange income
$3.23M+3.4%
Overdraft fees
$2.1M-0.5%
Account service charges
$723K+21.9%
Asset management revenue
$424K+3.4%
ATM fees
$343K-3.4%
Other
$143K-22.3%

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Other financials

Income statement

See full
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 / equity0×0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

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 transaction based revenue — revenue from contracts with customers?
Independent Bank Corporation (IBCP) reported transaction based revenue — revenue from contracts with customers of $385K in Q1 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 12.2% year-over-year, from $343K to $385K.
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.