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Independent Bank Corporation IBCP Lease Liability Payments - Due Year Three

Lease Liability Payments - Due Year Three at other companies

Financial Institutions logo
Financial InstitutionsFISI
$2.75M-2.2%
Great Southern Bancorp logo
Great Southern BancorpGSBC
$411K-59.7%
Customers Bancorp logo
Customers BancorpCUBI
$6.59M+18.8%

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:LesseeOperatingLeaseLiabilityPaymentsDueYearThree.

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 three?
Independent Bank Corporation (IBCP) reported lease liability payments - due year three of $1.3M in Q1 2026.
How has Independent Bank Corporation's lease liability payments - due year three changed year-over-year?
Independent Bank Corporation's lease liability payments - due year three increased by 27.9% year-over-year, from $1.01M to $1.3M.
What is the long-term trend for Independent Bank Corporation's lease liability payments - due year three?
Over 5 years (2020 to 2025), Independent Bank Corporation's lease liability payments - due year three has grown at a 1.1% compound annual growth rate (CAGR), from $1.22M to $1.29M.
What does lease liability payments - due year three mean?
The contractual cash obligations for operating and finance leases due in the third year following the balance sheet date. This metric helps in mapping out the long-term fixed cost profile of the company. It is essential for evaluating the sustainability of lease-related cash outflows over a multi-year horizon.