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Segments

By segment

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Independent Bank$19.86M+11.4%

Other financials

Income statement

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Revenue$63.2M+13.0%
EPS (diluted)$0.90+11.1%

Balance sheet

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Cash & equivalents$165.5M+13.2%
Total debt$7.0M+0.5%
Total equity$528.4M+12.6%
Total assets$5.7B+4.5%

Cash flow

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Operating cash flow$20.3M+5.7%
CapEx$3.6M+56.3%
Free cash flow$16.7M-1.1%

Valuation

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Market cap$844.24M+33.2%
Enterprise value$685.83M+38.7%
P/E11.8×+2.0×
P/S3.6×+0.7×

Profitability

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Net margin30.2%+1.2pp
FCF margin16%-12.2pp

Returns & leverage

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Return on equity14.4%0.0pp
Debt / equity0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:NetIncomeLoss.

The source filing: Independent Bank Corporation’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 12:18 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000039311-26-000061
Line itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Other2,1211,5924,4084,087
Total Non-interest Expense37,80933,76276,12068,024
Income Before Income Tax22,71020,67842,94039,804
Income tax expense3,9053,8017,2607,337
Net Income$18,805$16,877$35,680$32,467
Net Income Per Common Share
Basic$0.91$0.81$1.73$1.56
Diluted$0.90$0.81$1.72$1.54

Item 1. Condensed Consolidated Statements of Financial Condition June 30, 2026 and December 31, 20

FAQ

What is Independent Bank Corporation's net income?
Independent Bank Corporation (IBCP) reported net income of $18.81M in Q2 2026.
How has Independent Bank Corporation's net income changed year-over-year?
Independent Bank Corporation's net income increased by 11.4% year-over-year, from $16.88M to $18.81M.
What is the long-term trend for Independent Bank Corporation's net income?
Over 4 years (2021 to 2025), Independent Bank Corporation's net income has grown at a 2.2% compound annual growth rate (CAGR), from $62.9M to $68.54M.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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