Independent Bank Corporation

Financial Services · Banks - Regional

35.30$ -0.9% vs. previous close Closing price · As of: Sep 23, 2026

Statements

Income Statement

Independent Bank Corporation (IBCP) by the numbers: income statement, balance sheet and cash flow, by year or by quarter. In the most recent period (2025), "Revenue" came in at 315 million USD. Tick rows to compare them in a chart.

Income Statement Balance Sheet Cash Flow Ratios

Annual Quarterly

Amounts Change % Common size % Per share

Last 12 Full history

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All figures in millions of USD.

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Income Statement IBCP
Line item	1996	1997	1998	1999	2000	2001	2002	2003	2004	2005	2006	2007	2008	2009	2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Revenue	65	132	145	143	152	161	161	182	192	236	259	270	234	249	171	138	141	121	112	114	124	138	171	191	214	207	224	284	316	315
Cost of Revenue	26	68	68	61	71	66	52	48	47	71	110	146	145	154	84	50	20	7.2	3.7	3.1	5.6	10	19	27	29	7.6	25	90	105	96
Gross Profit	39	64	77	81	81	95	109	134	145	165	149	125	89	95	87	88	120	114	108	111	119	128	152	163	185	200	199	194	212	220
Research & Development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0	–	–	–	–	–	–	–
Selling, General & Administrative	16	27	32	34	28	32	37	44	47	52	51	56	62	81	71	66	69	61	59	60	62	66	74	80	80	81	84	83	89	97
Total Operating Expenses	28	61	60	69	53	62	68	83	90	102	103	116	177	188	105	109	94	91	83	82	86	89	103	106	116	122	121	120	129	138
Operating Income	11	3.4	17	12	27	34	41	51	55	63	45	8.9	-89	-93	-18	-20	26	23	25	29	33	38	49	58	69	77	78	74	83	81
Interest Expense	25	66	65	59	68	62	48	44	43	63	94	103	74	51	37	20	13	9.2	7.3	5.9	6.9	9.1	17	26	16	8.3	19	83	101	90
Pre-Tax Income	11	3.4	17	12	27	34	41	51	55	63	45	8.9	-89	-93	-18	-20	26	23	25	29	33	38	49	58	69	77	78	74	83	81
Income Tax Expense	3.3	1.9	5.1	3.3	7.3	9.3	11	14	15	17	12	-1.1	3.1	-3.2	-1.6	-0.2	0.0	-55	7.2	9.4	10	18	9.3	11	13	14	14	15	16	13
Net Income	7.9	1.5	12	8.7	20	24	29	38	40	46	33	10	-92	-90	-17	-20	26	78	18	20	23	20	40	46	56	63	63	59	67	69
EBITDA	14	8.7	22	18	34	40	47	59	52	51	36	-3.7	-111	-137	-46	-32	21	20	28	34	38	45	55	64	79	89	89	84	93	91

Data as of: September 23, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)

Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.

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Income Statement

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