IBCPNasdaqState Commercial BanksFiscal year ends December 31

INDEPENDENT BANK CORP /MI/

Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026

$35.61+0.01 (+0.03%)

Close on Oct 19, 2026

Market cap: $740.94M
P/E (TTM): 10.4
Dividend yield: 2.92%

INDEPENDENT BANK CORP /MI/ income statement

Annual Quarterly TTM

Millions of USD, except per-share data. Shares in millions.

Line item	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31	FY 2020 2020-12-31	FY 2019 2019-12-31	FY 2018 2018-12-31	FY 2017 2017-12-31	FY 2016 2016-12-31	FY 2015 2015-12-31	FY 2014 2014-12-31	FY 2013 2013-12-31	FY 2012 2012-12-31	FY 2011 2011-12-31	FY 2010 2010-12-31	FY 2009 2009-12-31
Revenue	32	32	33	32	29	24	26	27	132	122	115	112	123	150	141	183	198
Advertising Expenses	3.21	3.06	2.17	2.07	1.92	2.23	2.45	2.16	1.91	1.86	2.12	2.19	2.43	2.49	2.50	2.71	5.70
Interest Expense	–	–	83	19	8.32	16	26	17	9.12	6.88	5.86	7.30	9.16	13	20	37	51
Asset Impairment Charges	–	–	–	0	0	0.03	0.03	0.09	0.08	0.60	0.30	0.30	1.60	1.50	6.50	0	17
Gain (Loss) on Sale of Assets	–	–	–	–	–	–	–	–	–	–	–	–	–	0.15	0.00	-0.16	–
Legal Settlements	–	–	–	–	–	–	–	0	0	-2.30	0	–	–	–	–	–	–
Pretax Income	81	83	74	78	77	69	58	49	38	33	29	25	23	26	-20	-18	-93
Income Tax Expense	13	16	15	14	14	13	11	9.29	18	10	9.36	7.20	-55	0	-0.21	-1.59	-3.21
Net Income	69	67	59	63	63	56	46	40	20	23	20	18	78	26	-20	-17	-90
Preferred Dividends	–	–	–	–	–	–	–	–	–	–	0	0	3.00	4.35	-4.16	4.10	4.30
Net Income to Common	–	–	–	–	–	–	–	–	20	23	20	18	82	22	-24	-21	-95
EPS (Basic)(per share)	3.30	3.20	2.82	3.00	2.91	2.56	2.03	1.70	0.96	1.06	0.88	0.79	5.87	2.51	-2.94	-4.09	-39.60
EPS (Diluted)(per share)	3.27	3.16	2.79	2.97	2.88	2.53	2.00	1.68	0.95	1.05	0.86	0.77	3.55	0.80	-2.94	-4.09	-39.60
Shares Outstanding (Basic, Weighted)(shares)	21	21	21	21	22	22	23	23	21	21	23	23	14	8.71	0.01	0.01	–
Shares Outstanding (Diluted, Weighted)(shares)	21	21	21	21	22	22	23	23	21	21	23	23	14	8.71	0.01	0.01	–
Dividend per Share(per share)	1.04	0.96	0.92	0.88	0.84	0.80	0.72	0.60	0.42	0.34	0.26	0.18	0.00	0.00	0.00	0.00	0.30
Total Interest Income	270	267	240	169	138	140	149	131	98	87	81	81	87	99	115	149	189
Net Interest Income	180	166	156	150	130	124	123	113	89	80	75	73	78	86	95	112	139
Non-Interest Income	46	56	51	62	77	81	48	45	43	42	40	39	45	64	47	72	60
Provision for Credit Losses	6.14	4.47	6.21	5.34	-1.93	12	0.82	1.50	1.20	-1.31	-2.71	-3.14	-3.99	6.89	28	47	103
Non-Interest Expense	138	135	127	128	131	122	112	107	92	90	88	90	104	117	134	155	188

Italic numbers are calculated by StockData (for example Q4 = full year − nine months). Per-share data and share counts are adjusted for stock splits. Hover a number for its source; click it to open the filing on SEC.gov. Click a row to chart it.

Ratios

Latest available, balances at Jun 30, 2026

Profitability, TTM

Gross margin: –
Operating margin: –
Net margin: 219.8%
Return on equity, FY2025: 14.3%

Financial strength

Current ratio: –
Debt to equity: –
Debt to assets: –
Cash to current liabilities: –

Valuation

P/E ratio: 10.4
Price to sales: 22.70
Price to book: 1.40
Dividend yield: 2.92%