Independent Bank Corporation (IBCP)
NASDAQ: IBCP · Real-Time Price · USD
34.18
+0.67 (2.00%)
Apr 28, 2026, 4:00 PM EDT - Market closed
Independent Bank Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|---|
Period Ending | Mar '26 Mar 31, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2020 - 2016 |
| Interest Income on Loans | 240.31 | 238.83 | 228.59 | 197.73 | 139.06 | 116.64 | Upgrade
|
| Interest Income on Investments | 29.45 | 30.9 | 38.19 | 41.95 | 29.95 | 21.44 | Upgrade
|
| Total Interest Income | 269.76 | 269.74 | 266.78 | 239.68 | 169.01 | 138.08 | Upgrade
|
| Interest Paid on Deposits | 80.94 | 83.5 | 92.69 | 75.08 | 14.15 | 4.47 | Upgrade
|
| Interest Paid on Borrowings | 5.64 | 6.22 | 7.83 | 8.27 | 5.3 | 3.85 | Upgrade
|
| Total Interest Expense | 86.58 | 89.72 | 100.53 | 83.35 | 19.45 | 8.32 | Upgrade
|
| Net Interest Income | 183.19 | 180.02 | 166.25 | 156.33 | 149.56 | 129.77 | Upgrade
|
| Net Interest Income Growth (YoY) | 7.92% | 8.28% | 6.35% | 4.52% | 15.25% | 4.98% | Upgrade
|
| Gain (Loss) on Sale of Investments | -0.07 | -0.37 | 2.26 | -0.22 | -0.28 | 1.41 | Upgrade
|
| Other Non-Interest Income | 29.41 | 27.21 | 35.66 | 31.1 | 43.47 | 29.18 | Upgrade
|
| Total Non-Interest Income | 47.27 | 45.64 | 56.36 | 50.68 | 61.91 | 76.64 | Upgrade
|
| Non-Interest Income Growth (YoY) | -12.83% | -19.02% | 11.22% | -18.14% | -19.22% | -5.08% | Upgrade
|
| Revenues Before Loan Losses | 230.45 | 225.66 | 222.61 | 207.01 | 211.47 | 206.41 | Upgrade
|
| Provision for Loan Losses | 5.78 | 6.14 | 4.47 | 6.21 | 5.34 | -1.93 | Upgrade
|
| Revenue | 224.68 | 219.52 | 218.14 | 200.8 | 206.13 | 208.34 | Upgrade
|
| Revenue Growth (YoY) | 2.35% | 0.63% | 8.64% | -2.59% | -1.06% | 8.57% | Upgrade
|
| Salaries and Employee Benefits | 83.92 | 82.48 | 82.62 | 76.74 | 78.86 | 78.02 | Upgrade
|
| Occupancy Expenses | 7.26 | 7.07 | 6.29 | 6.28 | 7.1 | 7 | Upgrade
|
| Federal Deposit Insurance | 2.91 | 2.82 | 2.87 | 3.01 | 2.14 | 1.4 | Upgrade
|
| Selling, General & Administrative | 30.82 | 30.13 | 28.91 | 26.25 | 25.22 | 25.81 | Upgrade
|
| Other Non-Interest Expense | 15.57 | 15.74 | 14.41 | 14.84 | 15.02 | 18.8 | Upgrade
|
| Total Non-Interest Expense | 140.48 | 138.23 | 135.1 | 127.12 | 128.34 | 131.02 | Upgrade
|
| EBT Excluding Unusual Items | 84.2 | 81.29 | 83.05 | 73.68 | 77.79 | 77.31 | Upgrade
|
| Legal Settlements | -1.5 | - | - | - | - | - | Upgrade
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| Pretax Income | 82.4 | 81.29 | 83.05 | 73.68 | 77.79 | 77.31 | Upgrade
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| Income Tax Expense | 12.57 | 12.75 | 16.26 | 14.61 | 14.44 | 14.42 | Upgrade
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| Net Income | 69.83 | 68.54 | 66.79 | 59.07 | 63.35 | 62.9 | Upgrade
|
| Net Income to Common | 69.83 | 68.54 | 66.79 | 59.07 | 63.35 | 62.9 | Upgrade
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| Net Income Growth | 5.18% | 2.62% | 13.08% | -6.76% | 0.73% | 12.01% | Upgrade
|
| Basic Shares Outstanding | 21 | 21 | 21 | 21 | 21 | 22 | Upgrade
|
| Diluted Shares Outstanding | 21 | 21 | 21 | 21 | 21 | 22 | Upgrade
|
| Shares Change (YoY) | -1.20% | -0.68% | -0.30% | -0.59% | -2.34% | -1.86% | Upgrade
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| EPS (Basic) | 3.38 | 3.30 | 3.20 | 2.82 | 3.00 | 2.91 | Upgrade
|
| EPS (Diluted) | 3.34 | 3.27 | 3.16 | 2.79 | 2.97 | 2.88 | Upgrade
|
| EPS Growth | 6.41% | 3.48% | 13.26% | -6.06% | 3.13% | 13.83% | Upgrade
|
| Dividend Per Share | 1.060 | 1.040 | 0.960 | 0.920 | 0.880 | 0.840 | Upgrade
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| Dividend Growth | 8.16% | 8.33% | 4.35% | 4.54% | 4.76% | 5.00% | Upgrade
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| Effective Tax Rate | 15.25% | 15.68% | 19.57% | 19.83% | 18.56% | 18.65% | Upgrade
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Source: S&P Capital IQ. Banks template. Financial Sources.