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Independent Bank Corporation IBCP Lease Liability Payments - Due Year Two

Lease Liability Payments - Due Year Two at other companies

Financial Institutions logo
Financial InstitutionsFISI
$3.08M+8.1%
Great Southern Bancorp logo
Great Southern BancorpGSBC
$881K-31.7%
Customers Bancorp logo
Customers BancorpCUBI
$7.53M+22.2%

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$733.37M+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×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:LesseeOperatingLeaseLiabilityPaymentsDueYearTwo.

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 lease liability payments - due year two?
Independent Bank Corporation (IBCP) reported lease liability payments - due year two of $1.29M in Q1 2026.
How has Independent Bank Corporation's lease liability payments - due year two changed year-over-year?
Independent Bank Corporation's lease liability payments - due year two increased by 21.1% year-over-year, from $1.06M to $1.29M.
What is the long-term trend for Independent Bank Corporation's lease liability payments - due year two?
Over 5 years (2020 to 2025), Independent Bank Corporation's lease liability payments - due year two has grown at a -2.1% compound annual growth rate (CAGR), from $1.49M to $1.34M.
What does lease liability payments - due year two mean?
This metric identifies the total cash payments required for operating and finance leases in the second year following the current balance sheet date. It helps investors forecast long-term fixed cost commitments and cash flow requirements. It is essential for modeling the company's future solvency and operational leverage.