IBCP
Independent Bank Corporation
NASDAQ · USFinancial ServicesBanks - Regional
$36.49+0.22%
Price as of Jul 20, 2026
IBCP financials
Independent Bank Corporation financial statements
Annual and quarterly income statement, balance sheet and cash-flow history. On small screens, start with four periods and expand the table when needed.
| Metric | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Income statement | ||||
| Revenue | $315.4M | $316.3M | $283.8M | $224.2M |
| Cost of revenue | $95.9M | $104.7M | $90.0M | $25.4M |
| Gross profit | $219.5M | $211.7M | $193.8M | $198.8M |
| Operating expenses | $138.2M | $128.6M | $120.2M | $121.0M |
| Operating income | $81.3M | $83.0M | $73.7M | $77.8M |
| Net income | $68.5M | $66.8M | $59.1M | $63.4M |
| EBITDA | $91.2M | $93.1M | $83.7M | $88.6M |
| Basic EPS | $3.30 | $3.20 | $2.82 | $3.00 |
| Diluted EPS | $3.27 | $3.16 | $2.79 | $2.97 |
| Balance sheet | ||||
| Cash & equivalents | $138.4M | $119.9M | $169.8M | $74.4M |
| Total assets | $5.5B | $5.3B | $5.3B | $5.0B |
| Total liabilities | $5.0B | $4.9B | $4.9B | $4.7B |
| Stockholders’ equity | $503.0M | $454.7M | $404.4M | $347.6M |
| Total debt | $116.9M | $124.4M | $129.3M | $226.1M |
| Net debt | -$21.5M | $4.5M | -$40.5M | $151.7M |
| Cash flow | ||||
| Operating cash flow | $76.7M | $63.2M | $75.6M | $94.6M |
| Capital expenditure | -$6.5M | -$8.0M | -$6.0M | -$5.7M |
| Free cash flow | $70.2M | $55.2M | $69.6M | $89.0M |
| Dividends paid | -$21.6M | -$20.0M | -$19.3M | -$18.6M |
| Share repurchases | -$12.4M | $0.00 | -$5.2M | -$4.0M |