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Independent Bank Corporation IBCP Trust preferred securities

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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×

Where this comes from

Reported directly by Independent Bank Corporation in its filing.

Tagged under the XBRL concept ibcp:TrustPreferredSecurities.

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 trust preferred securities?
Independent Bank Corporation (IBCP) reported trust preferred securities of $38.6M in Q4 2025.
How has Independent Bank Corporation's trust preferred securities changed year-over-year?
Independent Bank Corporation's trust preferred securities decreased by 0.0% year-over-year, from $38.6M to $38.6M.
What is the long-term trend for Independent Bank Corporation's trust preferred securities?
Over 5 years (2020 to 2025), Independent Bank Corporation's trust preferred securities has grown at a 0.2% compound annual growth rate (CAGR), from $38.3M to $38.6M.
What does trust preferred securities mean?
This represents hybrid financial instruments issued by the bank that possess characteristics of both debt and equity. These securities are often used to bolster regulatory capital ratios while providing tax-deductible interest payments.