Revenue
$8.20M
Fiscal year ended 2026-06-30Net income
$18.80M
Fiscal year ended 2026-06-30Total assets
$5.66B
Fiscal year ended 2026-06-30INDEPENDENT BANK CORP /MI/ (IBCP) reported revenue of $8.20M and net income of $18.80M for the fiscal year ended 2026-06-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from INDEPENDENT BANK CORP /MI/’s SEC filings, each linked to the filing it came from. It is classified by the SEC under State Commercial Banks.
Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.
Income
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.20M | $7.59M | $7.93M | $8.92M | $7.88M | $7.34M | $7.67M | $8.84M | $7.90M | $7.58M |
| Cost of revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Gross profit | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating income | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Net income | $18.80M | $16.88M | $18.57M | $17.50M | $16.88M | $15.59M | $18.46M | $13.81M | $18.53M | $15.99M |
| Research & development | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 20.81M | shares 20.78M | Unavailable | Unavailable | shares 20.95M | shares 21.15M | Unavailable | Unavailable | Unavailable | Unavailable |
| Pretax income | $22.71M | $20.23M | $20.31M | $21.18M | $20.68M | $19.13M | $22.77M | $17.29M | $23.17M | $19.82M |
| Income tax expense | $3.90M | $3.36M | $1.74M | $3.67M | $3.80M | $3.54M | $4.31M | $3.48M | $4.64M | $3.83M |
| Diluted EPS | $0.90 | $0.81 | $0.89 | $0.84 | $0.81 | $0.74 | $0.87 | $0.65 | $0.88 | $0.76 |
| Selling, general & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| General & administrative | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $165.45M | $174.92M | $138.39M | $208.69M | $146.16M | $128.14M | $119.88M | $121.56M | $214.35M | $161.84M |
| Total assets | $5.66B | $5.56B | $5.51B | $5.49B | $5.42B | $5.33B | $5.34B | $5.26B | $5.28B | $5.23B |
| Current assets | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total liabilities | $5.14B | $5.05B | $5.00B | $5.00B | $4.95B | $4.86B | $4.88B | $4.81B | $4.85B | $4.82B |
| Current liabilities | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Total equity incl. NCI | $528.41M | $510.55M | $502.95M | $490.74M | $469.25M | $467.28M | $454.69M | $452.37M | $430.46M | $415.57M |
| Temporary (mezzanine) equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Inventory | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts receivable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Goodwill | $28.30M | $28.30M | $28.30M | $28.30M | $28.30M | $28.30M | $28.30M | $28.30M | $28.30M | $28.30M |
| Long-term debt | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Accounts payable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
Cash flow
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $20.28M | -$9.16M | $7.79M | $30.43M | $19.19M | $19.25M | $16.37M | $17.20M | $8.75M | $20.83M |
| Capital expenditures | $3.56M | $4.61M | $1.44M | $1.66M | $2.28M | $1.12M | $4.01M | $1.49M | $1.77M | $676.00K |
| Investing cash flow | -$104.89M | -$16.70M | -$45.56M | -$21.86M | -$70.86M | $15.78M | -$85.23M | -$67.48M | $16.85M | $17.69M |
| Financing cash flow | $75.14M | $62.38M | -$32.53M | $53.96M | $69.68M | -$26.77M | $67.18M | -$42.52M | $26.90M | -$46.46M |
| Net change in cash | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Stock-based compensation | $675.00K | $688.00K | $748.00K | $571.00K | $639.00K | $758.00K | $588.00K | $574.00K | $579.00K | $591.00K |
| Common dividends paid | $5.77M | $5.77M | $5.38M | $5.38M | $5.39M | $5.45M | $5.01M | $5.02M | $5.02M | $5.00M |
| Common share repurchases | $0 | $0 | $4.66M | $413.00K | $7.32M | $33.00K | $0 | $0 | $0 | $0 |
| Depreciation & amortization | $2.39M | $2.37M | $2.39M | $2.76M | $2.40M | $2.35M | $2.48M | $2.51M | $2.50M | $2.51M |
Derived
| Metric | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Free cash flow | $16.72M | -$13.77M | $6.36M | $28.77M | $16.91M | $18.13M | $12.36M | $15.71M | $6.97M | $20.16M |
| Gross margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Operating margin | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| FCF margin | 203.8% | -181.4% | 80.1% | 322.6% | 214.6% | 246.9% | 161.1% | 177.8% | 88.3% | 266.1% |
| SBC / revenue | 8.2% | 9.1% | 9.4% | 6.4% | 8.1% | 10.3% | 7.7% | 6.5% | 7.3% | 7.8% |
| Current ratio | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Revenue YoY growth | 4.1% | 3.4% | 3.4% | 1.0% | -0.2% | -3.1% | -6.0% | -3.0% | -2.1% | 0.1% |
| Net margin | 229.2% | 222.4% | 234.1% | Unavailable | 214.2% | 212.3% | 240.6% | Unavailable | Unavailable | Unavailable |
| R&D / revenue | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 43.4% | 60.7% | 18.1% | 18.6% | 28.9% | 15.3% | 52.3% | 16.9% | 22.5% | 8.9% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable | Unavailable |
| Effective tax rate | 17.2% | 16.6% | 8.6% | Unavailable | 18.4% | 18.5% | 18.9% | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open IBCP in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-05View SEC filing
10-Q · Filed 2026-05-06View SEC filing
10-K · Filed 2026-03-06View SEC filing
10-Q · Filed 2025-11-05View SEC filing
10-Q · Filed 2025-08-06View SEC filing
10-Q · Filed 2025-05-07View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.