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Independent Bank Corporation IBCP Collateral dependent loans, valuation allowance

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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$733.17M+16.4%
Enterprise value$565.47M+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 ibcp:CollateralDependentLoansValuationAllowance.

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 collateral dependent loans, valuation allowance?
Independent Bank Corporation (IBCP) reported collateral dependent loans, valuation allowance of $7.1M in Q1 2026.
How has Independent Bank Corporation's collateral dependent loans, valuation allowance changed year-over-year?
Independent Bank Corporation's collateral dependent loans, valuation allowance increased by 91.9% year-over-year, from $3.7M to $7.1M.
What is the long-term trend for Independent Bank Corporation's collateral dependent loans, valuation allowance?
Over 5 years (2020 to 2025), Independent Bank Corporation's collateral dependent loans, valuation allowance has grown at a 30.5% compound annual growth rate (CAGR), from $1.8M to $6.8M.
What does collateral dependent loans, valuation allowance mean?
This metric reflects the specific reserve or valuation allowance established against loans that are dependent on collateral for repayment. It represents management's estimate of potential losses on these specific credit exposures. A higher allowance relative to the carrying amount may indicate deteriorating credit quality or declining collateral values.