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Independent Bank Corporation IBCP Operating Lease Liabilities (Current)

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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 / equity0×0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLiability.

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 itemJune 30,2026December 31,2025
Lease right of use asset (1)$6,805$7,296
Lease liabilities (2)$7,036$7,528
Weighted average remaining lease term (years)6.466.79
Weighted average discount rate4.4%4.4%

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

FAQ

What is Independent Bank Corporation's operating lease liabilities (current)?
Independent Bank Corporation (IBCP) reported operating lease liabilities (current) of $7.04M in Q2 2026.
How has Independent Bank Corporation's operating lease liabilities (current) changed year-over-year?
Independent Bank Corporation's operating lease liabilities (current) increased by 0.5% year-over-year, from $7M to $7.04M.
What is the long-term trend for Independent Bank Corporation's operating lease liabilities (current)?
Over 5 years (2020 to 2025), Independent Bank Corporation's operating lease liabilities (current) has grown at a -0.9% compound annual growth rate (CAGR), from $7.87M to $7.53M.
What does operating lease liabilities (current) mean?
The current portion of operating lease obligations due within one year, representing committed future lease payments under ASC 842.

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