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Independent Bank Corporation IBCP Lease Liability Payments - Due Year Four

Lease Liability Payments - Due Year Four at other companies

Financial Institutions logo
Financial InstitutionsFISI
$2.46M-3.1%
Great Southern Bancorp logo
Great Southern BancorpGSBC
$257K-61.2%
Customers Bancorp logo
Customers BancorpCUBI
$4.96M+3.2%

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:LesseeOperatingLeaseLiabilityPaymentsDueYearFour.

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 four?
Independent Bank Corporation (IBCP) reported lease liability payments - due year four of $1.13M in Q1 2026.
How has Independent Bank Corporation's lease liability payments - due year four changed year-over-year?
Independent Bank Corporation's lease liability payments - due year four increased by 29.6% year-over-year, from $869K to $1.13M.
What is the long-term trend for Independent Bank Corporation's lease liability payments - due year four?
Over 5 years (2020 to 2025), Independent Bank Corporation's lease liability payments - due year four has grown at a 9.7% compound annual growth rate (CAGR), from $815K to $1.3M.
What does lease liability payments - due year four mean?
The contractual cash obligations for operating and finance leases due in the fourth year following the balance sheet date. This is part of the long-term lease maturity schedule that helps investors assess the company's future fixed cost burden. It allows for better modeling of long-term capital allocation and cash flow stability.