What does number of class action lawsuits mean?

This metric counts the total number of active class action lawsuits currently pending against the financial institution. It serves as a primary indicator of legal and reputational risk that could result in significant financial settlements or regulatory scrutiny.

Independent Bank Corporation IBCP Number of Class Action Lawsuits

Number of Class Action Lawsuits at other companies

Independent Bank CorporationIBCP

$3—

Match GroupMTCH

10.0%

Bausch + LombBLCO

$20.0%

Southwest AirlinesLUV

7—

Bausch + LombBLCO

$10.0%

Bausch Health CompaniesBHC

$10.0%

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 / equity0×0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:LossContingencyPendingClaimsNumber.

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 number of class action lawsuits?: Independent Bank Corporation (IBCP) reported number of class action lawsuits of $3 in Q1 2026.
What does number of class action lawsuits mean?: This metric counts the total number of active class action lawsuits currently pending against the financial institution. It serves as a primary indicator of legal and reputational risk that could result in significant financial settlements or regulatory scrutiny.