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Independent Bank Corporation IBCP Provision for Credit Losses

Provision for Credit Losses at other companies

Great Southern Bancorp logo
Great Southern BancorpGSBC
$0
Independent Bank Corp logo
Independent Bank CorpINDB
$5.5M-63.3%
Southern Missouri Bancorp logo
Southern Missouri BancorpSMBC
$2.08M+123%
Five Star Bancorp logo
Five Star BancorpFSBC
$2.68M+40.8%
First Bancorp logo
First BancorpFBNC
$3.08M+176%
Farmers National Banc Corp logo
Farmers National Banc CorpFMNB
-$1.01M-4,705%

Segments

By segment

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Independent Bank$362K-49.8%

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 us-gaap:ProvisionForLoanLossesExpensed.

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 provision for credit losses?
Independent Bank Corporation (IBCP) reported provision for credit losses of $362K in Q1 2026.
How has Independent Bank Corporation's provision for credit losses changed year-over-year?
Independent Bank Corporation's provision for credit losses decreased by 49.8% year-over-year, from $721K to $362K.
What is the long-term trend for Independent Bank Corporation's provision for credit losses?
Over 2 years (2023 to 2025), Independent Bank Corporation's provision for credit losses has grown at a -0.6% compound annual growth rate (CAGR), from $6.21M to $6.14M.
What does provision for credit losses mean?
Non-cash provision for expected loan losses, added back in operating cash flow since it's a reserve build, not a cash payment.