What is Independent Bank Corporation's equipment?

Independent Bank Corporation (IBCP) reported equipment of $894K in Q1 2026.

How has Independent Bank Corporation's equipment changed year-over-year?

Independent Bank Corporation's equipment increased by 1.0% year-over-year, from $885K to $894K.

What is the long-term trend for Independent Bank Corporation's equipment?

Over 4 years (2021 to 2025), Independent Bank Corporation's equipment has grown at a -4.5% compound annual growth rate (CAGR), from $4.17M to $3.47M.

Independent Bank Corporation IBCP Equipment

Equipment at other companies

Fifth Third BankFITB

$55M+31.0%

Huntington BancsharesHBAN

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Burke & Herbert Financial Services Corp.BHRB

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Segments

By segment

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Independent Bank$894K+1.1%

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

See full

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 us-gaap:EquipmentExpense.

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 equipment?: Independent Bank Corporation (IBCP) reported equipment of $894K in Q1 2026.
How has Independent Bank Corporation's equipment changed year-over-year?: Independent Bank Corporation's equipment increased by 1.0% year-over-year, from $885K to $894K.
What is the long-term trend for Independent Bank Corporation's equipment?: Over 4 years (2021 to 2025), Independent Bank Corporation's equipment has grown at a -4.5% compound annual growth rate (CAGR), from $4.17M to $3.47M.