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Independent Bank (IBCP) Annual Income Statement

Annual · GAAP · USD millions
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Income statement data covering Independent Bank–Dec 31 2021 offers a view into how Dec 31 2025's operating results have moved alongside business activity.
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Annual Report, GAAP in USD millions
ITEM 		(Dec 31 2025)
2025 		(Dec 31 2024) (Dec 31 2023) (Dec 31 2022) (Dec 31 2021)
Revenues
Interest and Fee Income, Loans and Leases238.83
Interest and Dividend Income, Securities, Operating10.94
Other Interest and Dividend Income4.96
Other Income15.01
Total Interest Income269.74
Interest Expense, Deposits83.50
Interest Expense, Borrowings6.22
Total Interest Expense89.72
Net Interest Income180.02
Provision for loan losses6.14
Total Net Interest Income173.88
Noninterest Income, Other Operating Income12.53
Loss / Gain on Investment-0.37
Other Non-Interest Income11.32
Total Non-interest Income45.64
Total Revenues219.52
Costs & Expenses
Salaries & employee benefits, SGA85.19
Communications, Occupancy and Information Technology8.57
Professional Fees2.45
Federal Deposit Insurance Corporation Premium Expense2.82
Other Noninterest Expense8.36
Other loss /-income30.84
Total Operating Expenses138.23
Total Costs & Expenses227.96
Income & Taxes
Income /-loss before income taxes81.29
Income taxes expenses/-benefit12.75
Income after income taxes68.54
Income /-loss after income taxes68.54
Net Income/-loss68.54
Income/-loss to shareholder68.54
Earnings Per Share
Basic EPS (excl. extra items)3.30
Basic Net EPS3.30
Basic shares outstanding (Mill. of Units)20.76
Diluted Net EPS3.27
Diluted average shares (Mill. of Units)20.96
Dividend per share1.04
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About Independent Bank Corp mi Annual Income Statement

What this statement shows

This page presents issuer-reported income statement data, detailing revenue, operating costs, expenses, and earnings as disclosed in SEC 10-K filings and standardized by CSIMarket. The income statement reflects operating performance over a reporting period rather than financial position at a single date.

Revenue and expense treatment

Revenue and expense items are aligned to support period-to-period comparability. Operating and non-operating items, interest, and income taxes are classified based on issuer disclosures and XBRL tagging.

Source & verification

Income statement figures represent operating results for each reporting period and may be revised in subsequent filings.