What does tax credit transfer agreement liability mean?

This captures the bank's financial obligations arising from tax credit transfer agreements where the bank has received consideration but has not yet fulfilled all related tax credit delivery requirements. It represents a specific type of contingent liability related to tax-based financing activities.

Independent Bank Corporation IBCP Tax credit transfer agreement liability

Tax credit transfer agreement liability at other companies

Medline, Inc. MDLN

$4.02B—

Cardinal Infrastructure Group, Inc. CDNL

$39.42M—

WBI

WaterBridge Infrastructure LLCWBI

$217.12M—

Clearwater AnalyticsCWAN

$0+100%

ProFrac Holding Corp.ACDC

$82M-1.1%

OppFiOPFI

$35.05M+6.7%

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

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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$733.17M+16.4%

Enterprise value$565.47M+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:TaxCreditTransferAgreementLiability.

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

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Questions, answered.

What is Independent Bank Corporation's tax credit transfer agreement liability?: Independent Bank Corporation (IBCP) reported tax credit transfer agreement liability of $21.1M in Q4 2025.
What does tax credit transfer agreement liability mean?: This captures the bank's financial obligations arising from tax credit transfer agreements where the bank has received consideration but has not yet fulfilled all related tax credit delivery requirements. It represents a specific type of contingent liability related to tax-based financing activities.