Independent Bank Corporation (IBCP)
NASDAQ: IBCP · Real-Time Price · USD
36.75
-0.50 (-1.34%)
Nov 5, 2026, 12:43 PM EST - Market open
Independent Bank Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Cash & Equivalents | 181.82 | 138.29 | 119.88 | 169.48 | 74.07 | 109.47 |
Investment Securities | 813.25 | 572.75 | 633.74 | 733.14 | 826.72 | 979.3 |
Trading Asset Securities | - | 29.58 | 37.06 | 38.68 | 39.75 | 12.28 |
Mortgage-Backed Securities | - | 232.69 | 264.88 | 300.2 | 327.45 | 433.53 |
Total Investments | 813.25 | 835.02 | 935.68 | 1,072 | 1,194 | 1,425 |
Gross Loans | 4,897 | 4,276 | 4,039 | 3,791 | 3,465 | 2,905 |
Allowance for Loan Losses | -73.72 | -63.45 | -59.38 | -54.66 | -52.44 | -47.25 |
Net Loans | 4,823 | 4,213 | 3,979 | 3,736 | 3,413 | 2,858 |
Property, Plant & Equipment | 57.24 | 46.27 | 43.46 | 40.43 | 41.44 | 42.89 |
Goodwill | 50.22 | 28.3 | 28.3 | 28.3 | 28.3 | 28.3 |
Other Intangible Assets | 17.05 | 1 | 1.49 | 2 | 2.55 | 3.34 |
Loans Held for Sale | 12.84 | 9.03 | 7.64 | 12.06 | 46.89 | 90.28 |
Accrued Interest Receivable | 185.34 | 5 | 5.6 | 6.4 | 54.12 | 18.87 |
Restricted Cash | - | 0.1 | - | 0.3 | 0.3 | - |
Long-Term Deferred Tax Assets | - | 24.74 | 24.46 | 23.8 | 29.5 | 4.35 |
Other Real Estate Owned & Foreclosed | 0.76 | 0.9 | 0.94 | 0.57 | 0.46 | 0.25 |
Other Long-Term Assets | 101.26 | 186.14 | 175.11 | 155.29 | 97.69 | 105.68 |
Total Assets | 6,264 | 5,506 | 5,338 | 5,264 | 5,000 | 4,705 |
Liabilities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Accrued Expenses | 121.02 | 97.14 | 79.98 | 80.19 | 83.13 | 67.65 |
Interest Bearing Deposits | 4,395 | 3,546 | 3,429 | 3,370 | 3,026 | 2,702 |
Institutional Deposits | - | 223.42 | 211.4 | 176.6 | 82.9 | 93.1 |
Non-Interest Bearing Deposits | 1,127 | 991.98 | 1,014 | 1,076 | 1,270 | 1,322 |
Total Deposits | 5,521 | 4,762 | 4,654 | 4,623 | 4,379 | 4,117 |
Short-Term Borrowings | - | 19.55 | 18.62 | 21.84 | 80.13 | 5.96 |
Current Portion of Leases | - | 1.48 | - | - | - | - |
Long-Term Debt | 4.01 | 0 | 39.6 | 39.54 | 39.44 | 39.37 |
Federal Home Loan Bank Debt, Long-Term | - | 77 | 45 | 50 | 25 | 30 |
Long-Term Leases | - | 6.05 | 6.34 | 5.11 | 5.77 | 6.6 |
Trust Preferred Securities | 39.92 | 39.86 | 39.8 | 39.73 | 39.66 | 39.59 |
Total Liabilities | 5,686 | 5,003 | 4,883 | 4,859 | 4,652 | 4,306 |
Shareholders' Equity
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Common Stock | 361.74 | 307.85 | 318.78 | 317.48 | 320.99 | 323.4 |
Retained Earnings | 288.57 | 252.79 | 205.85 | 159.11 | 119.37 | 74.58 |
Comprehensive Income & Other | -73.01 | -57.69 | -69.94 | -72.14 | -92.76 | 0.5 |
Shareholders' Equity | 577.3 | 502.95 | 454.69 | 404.45 | 347.6 | 398.48 |
Total Liabilities & Equity | 6,264 | 5,506 | 5,338 | 5,264 | 5,000 | 4,705 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 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 |
Total Debt | 43.92 | 143.95 | 149.35 | 156.21 | 190 | 121.52 |
Net Cash (Debt) | 138.64 | 23.93 | 7.59 | 51.95 | -76.18 | 0.24 |
Net Cash Growth | -19.16% | 215.26% | -85.39% | - | - | - |
Net Cash Per Share | 6.54 | 1.14 | 0.36 | 2.45 | -3.58 | 0.01 |
Filing Date Shares Outstanding | 22.08 | 20.59 | 20.97 | 20.91 | 21.13 | 21.2 |
Total Common Shares Outstanding | 22.08 | 20.55 | 20.9 | 20.84 | 21.06 | 21.17 |
Book Value Per Share | 26.14 | 24.48 | 21.76 | 19.41 | 16.50 | 18.82 |
Tangible Book Value | 510.03 | 473.65 | 424.9 | 374.15 | 316.75 | 366.85 |
Tangible Book Value Per Share | 23.10 | 23.05 | 20.33 | 17.96 | 15.04 | 17.33 |