Skip to content
OpenCapital
Get started

Independent Bank Corporation IBCP Reciprocal deposits

Reciprocal deposits at other companies

Peapack-Gladstone Financial logo
Peapack-Gladstone FinancialPGC
$81.8M-19.6%
Peapack-Gladstone Financial logo
Peapack-Gladstone FinancialPGC
$2.18B+24.6%
Goldman Sachs Group logo
Goldman Sachs GroupGS
$561.26B+19.1%
JPMorgan Chase logo
JPMorgan ChaseJPM
$2.68T+7.2%
Origin Bancorp logo
Origin BancorpOBK
$5.9B+6.5%
Provident Financial Services logo
Provident Financial ServicesPFS
$1.09B-4.4%

Other financials

Income statement

See full
Revenue$58.9M+8.9%
Net income$16.9M+8.2%
EPS (diluted)$0.81+9.5%

Balance sheet

See full
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

See full
Market cap$733.17M+16.4%
Enterprise value$565.47M+11.3%
P/E10.5×+1.0×
P/S3.2×+0.4×

Profitability

See full
Net margin30.3%+0.7pp
FCF margin16.6%-7.1pp

Returns & leverage

See full
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:ReciprocalDeposits.

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

Ask your AI about Independent Bank Corporation's reciprocal deposits.

Connect your AI assistant and compare it to peers, right in your chat.

Connect your AI
Harbor at dusk
Claude

Questions, answered.

What is Independent Bank Corporation's reciprocal deposits?
Independent Bank Corporation (IBCP) reported reciprocal deposits of $1.03B in Q1 2026.
How has Independent Bank Corporation's reciprocal deposits changed year-over-year?
Independent Bank Corporation's reciprocal deposits increased by 13.0% year-over-year, from $910.53M to $1.03B.
What is the long-term trend for Independent Bank Corporation's reciprocal deposits?
Over 5 years (2020 to 2025), Independent Bank Corporation's reciprocal deposits has grown at a 11.9% compound annual growth rate (CAGR), from $556.19M to $974.92M.
What does reciprocal deposits mean?
Refers to deposits received through a network of financial institutions where the bank exchanges deposits to provide customers with expanded FDIC insurance coverage. These deposits are used as a strategic tool to manage liquidity and attract large-balance depositors. They represent a stable, albeit often higher-cost, funding source compared to traditional retail deposits.