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Independent Bank Corporation IBCP FDIC assessments

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Segments

By segment

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Independent Bank$738K+15.9%

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 / equity0×0.0×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept us-gaap:FederalDepositInsuranceCorporationPremiumExpense.

The source filing: Independent Bank Corporation’s 10-Q, filed August 5, 2026.

Filed
Aug 5, 2026, 12:18 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000039311-26-000061
Line itemThree months ended June 30, 2026Three months ended June 30, 2025Six months ended June 30, 2026Six months ended June 30, 2025
Litigation expense350—1,850—
Furniture, fixtures and equipment9277931,8211,678
Loan and collection1,0387441,7901,530
FDIC deposit insurance7386371,5371,348
Legal and professional6135001,204979
Communications4644701,0571,061
Merger related expense369—669—
Other2,1211,5924,4084,087

Item 1. Condensed Consolidated Statements of Financial Condition June 30, 2026 and December 31, 20

FAQ

What is Independent Bank Corporation's FDIC assessments?
Independent Bank Corporation (IBCP) reported FDIC assessments of $738K in Q2 2026.
How has Independent Bank Corporation's FDIC assessments changed year-over-year?
Independent Bank Corporation's FDIC assessments increased by 15.9% year-over-year, from $637K to $738K.
What is the long-term trend for Independent Bank Corporation's FDIC assessments?
Over 4 years (2021 to 2025), Independent Bank Corporation's FDIC assessments has grown at a 19.3% compound annual growth rate (CAGR), from $1.4M to $2.82M.
What does FDIC assessments mean?
These are the mandatory insurance premiums paid to the Federal Deposit Insurance Corporation to protect customer deposits. This expense is a regulatory requirement that scales with the size and risk profile of the bank's deposit base.

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