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Lease liabilities at other companies

Columbia Financial, Inc. logo
Columbia Financial, Inc.CLBK
$4.59M-7.6%
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Tompkins FinancialTMP
$6.93M-2.6%
PACS Group logo
PACS GroupPACS
$823.13M-0.4%
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AZZAZZ
$14.89M+132%
Photronics logo
PhotronicsPLAB
$32K-99.2%
Oruka Therapeutics, Inc. logo
Oruka Therapeutics, Inc.ORKA
$448K+121%

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 ibcp:DeferredTaxAssetsLeaseLiabilities.

The official record: Independent Bank Corporation’s 10-K, filed March 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Independent Bank Corporation's lease liabilities?
Independent Bank Corporation (IBCP) reported lease liabilities of $1.58M in Q4 2025.
How has Independent Bank Corporation's lease liabilities changed year-over-year?
Independent Bank Corporation's lease liabilities increased by 18.8% year-over-year, from $1.33M to $1.58M.
What is the long-term trend for Independent Bank Corporation's lease liabilities?
Over 5 years (2020 to 2025), Independent Bank Corporation's lease liabilities has grown at a -0.9% compound annual growth rate (CAGR), from $1.65M to $1.58M.
What does lease liabilities mean?
This metric represents the deferred tax asset associated with the difference between the carrying amount of lease liabilities and their tax base. It arises from the accounting treatment of operating and finance leases under current lease standards. It is a key indicator of the tax-timing differences inherent in the bank's real estate and equipment leasing obligations.