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Independent Bank Corporation IBCP Operating Lease Liability - Undiscounted Excess Amount

Operating Lease Liability - Undiscounted Excess Amount at other companies

Financial Institutions logo
Financial InstitutionsFISI
$18.54M+22.5%
Great Southern Bancorp logo
Great Southern BancorpGSBC
$443K-52.2%
Customers Bancorp logo
Customers BancorpCUBI
$6.99M-11.2%

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:LesseeOperatingLeaseLiabilityUndiscountedExcessAmount.

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 operating lease liability - undiscounted excess amount?
Independent Bank Corporation (IBCP) reported operating lease liability - undiscounted excess amount of $1.18M in Q1 2026.
How has Independent Bank Corporation's operating lease liability - undiscounted excess amount changed year-over-year?
Independent Bank Corporation's operating lease liability - undiscounted excess amount increased by 17.8% year-over-year, from $1M to $1.18M.
What is the long-term trend for Independent Bank Corporation's operating lease liability - undiscounted excess amount?
Over 5 years (2020 to 2025), Independent Bank Corporation's operating lease liability - undiscounted excess amount has grown at a 13.7% compound annual growth rate (CAGR), from $661K to $1.26M.
What does operating lease liability - undiscounted excess amount mean?
This represents the difference between the total undiscounted future lease payments and the present value of those payments recorded on the balance sheet. It effectively quantifies the interest component embedded within operating lease obligations. It is a measure of the financing cost inherent in the lease portfolio.