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Independent Bank Corporation IBCP Service charges on deposit accounts

Service charges on deposit accounts at other companies

First Bancorp logo
First BancorpFBNC
$3.95M+5.0%
Amalgamated Financial Corp. logo
Amalgamated Financial Corp.AMAL
$7.2M+110%
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Central Pacific FinancialCPF
$2.3M+7.1%
Eastern Bankshares, Inc. logo
Eastern Bankshares, Inc.EBC
$9.93M+19.4%
SPF
South Plains Financial, Inc.SPFI
$2.26M+5.3%
First Financial Corporation logo
First Financial CorporationTHFF
$7.38M-2.7%

Segments

By segment

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Independent Bank$2.94M+4.3%

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 / equity0×0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept ibcp:DepositorAccountsFeesAndCommissions.

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 service charges on deposit accounts?
Independent Bank Corporation (IBCP) reported service charges on deposit accounts of $2.94M in Q1 2026.
How has Independent Bank Corporation's service charges on deposit accounts changed year-over-year?
Independent Bank Corporation's service charges on deposit accounts increased by 4.3% year-over-year, from $2.81M to $2.94M.
What is the long-term trend for Independent Bank Corporation's service charges on deposit accounts?
Over 4 years (2021 to 2025), Independent Bank Corporation's service charges on deposit accounts has grown at a 4.3% compound annual growth rate (CAGR), from $10.17M to $12.02M.
What does service charges on deposit accounts mean?
This includes recurring revenue generated from maintenance fees, overdraft charges, and other transactional services provided to deposit account holders. It serves as a stable, fee-based revenue stream that helps offset interest rate volatility.