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Independent Bank Corporation IBCP Payments To Acquire Federal Home Loan Bank Stock

Payments To Acquire Federal Home Loan Bank Stock at other companies

Heritage Financial logo
Heritage FinancialHFWA
$6.03M+25.8%
Merchants Bancorp logo
Merchants BancorpMBIN
$8.54M-74.7%
Renasant logo
RenasantRNST
$1.18M+429%
Southern Missouri Bancorp logo
Southern Missouri BancorpSMBC

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$733.17M+16.4%
Enterprise value$565.47M+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:PaymentsToAcquireFederalHomeLoanBankStock.

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 payments to acquire federal home loan bank stock?
Independent Bank Corporation (IBCP) reported payments to acquire federal home loan bank stock of $0 in Q1 2026.
How has Independent Bank Corporation's payments to acquire federal home loan bank stock changed year-over-year?
Independent Bank Corporation's payments to acquire federal home loan bank stock decreased by 100.0% year-over-year, from $697K to $0.
What does payments to acquire federal home loan bank stock mean?
This metric represents the cash outflows used to purchase stock in the Federal Home Loan Bank, which is a mandatory requirement for member banks to access FHLB advances. An increase in these payments typically signals an expansion in the bank's borrowing capacity or a growth in its total assets requiring higher collateralization. It is a direct measure of the bank's investment in its wholesale funding infrastructure.