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Independent Bank Corporation IBCP Incentive compensation

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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×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept ibcp:DeferredTaxAssetsTaxDeferredExpenseCompensationAndBenefitsIncentiveCompensation.

The source filing: Independent Bank Corporation’s 10-K, filed March 6, 2026. Open the filing →

Filed
Mar 6, 2026, 10:29 AM EST
Fiscal year
FY2025
Accession
0000039311-26-000009

FAQ

What is Independent Bank Corporation's incentive compensation?
Independent Bank Corporation (IBCP) reported incentive compensation of $1.84M in Q4 2025.
How has Independent Bank Corporation's incentive compensation changed year-over-year?
Independent Bank Corporation's incentive compensation decreased by 10.4% year-over-year, from $2.05M to $1.84M.
What does incentive compensation mean?
This represents the deferred tax asset created by incentive compensation expenses that have been accrued for financial reporting but are not yet deductible for tax purposes. It reflects the timing difference between recognizing employee performance costs and the actual tax deduction. This provides insight into future tax savings expected when these compensation amounts are paid.

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