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Independent Bank Corporation IBCP Occupancy and equipment

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Segments

By segment

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Independent Bank$2.07M+1.3%

Other financials

Income statement

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Revenue$63.2M+13.0%
Net income$18.8M+11.4%
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:OccupancyNet.

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
Non-interest Expense
Compensation and employee benefits22,56021,12344,38941,506
Data processing4,1523,8478,1047,576
Occupancy, net2,0732,0464,4864,269
Interchange expense1,2241,1772,4152,296
Advertising1,1808332,3901,694
Litigation expense3501,850
Furniture, fixtures and equipment9277931,8211,678

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

FAQ

What is Independent Bank Corporation's occupancy and equipment?
Independent Bank Corporation (IBCP) reported occupancy and equipment of $2.07M in Q2 2026.
How has Independent Bank Corporation's occupancy and equipment changed year-over-year?
Independent Bank Corporation's occupancy and equipment increased by 1.3% year-over-year, from $2.05M to $2.07M.
What is the long-term trend for Independent Bank Corporation's occupancy and equipment?
Over 4 years (2021 to 2025), Independent Bank Corporation's occupancy and equipment has grown at a -0.7% compound annual growth rate (CAGR), from $8.79M to $8.57M.
What does occupancy and equipment mean?
Costs for office and branch facilities (rent, utilities, maintenance) and equipment (depreciation, repairs, technology hardware) used in operations.

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