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Independent Bank (IBCP) Quarterly Income Statement

Quarterly · GAAP · USD millions
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Income statement data covering Independent Bank–Mar 31 2025 offers a view into how Mar 31 2026's operating results have moved alongside business activity.
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Quarterly Report, GAAP in USD millions
ITEM 		(Mar 31 2026)
Q1 2026 		(Dec 31 2025) (Sep 30 2025) (Jun 30 2025) (Mar 31 2025)
Revenues
Interest and Fee Income, Loans and Leases59.25
Interest and Dividend Income, Securities, Operating2.52
Other Interest and Dividend Income1.04
Other Income3.35
Total Interest Income66.17
Interest Expense, Deposits18.40
Interest Expense, Borrowings0.92
Total Interest Expense19.31
Net Interest Income46.86
Provision for loan losses0.36
Total Net Interest Income46.49
Sales of Products7.59
Noninterest Income, Other Operating Income2.95
Loss / Gain on Investment-0.03
Other Non-Interest Income3.23
Total Non-interest Income12.05
Total Revenues58.54
Costs & Expenses
Salaries & employee benefits, SGA21.83
Restructuring, Accretion & impairment charges0.30
Other Operating Costs0.70
Unusual Expense /-Income1.50
Communications, Occupancy and Information Technology2.41
Professional Fees0.59
Federal Deposit Insurance Corporation Premium Expense0.80
Other Noninterest Expense2.29
Other loss /-income8.59
Total Operating Expenses38.31
Total Costs & Expenses57.63
Income & Taxes
Income /-loss before income taxes20.23
Income taxes expenses/-benefit3.36
Income after income taxes16.88
Net income/-loss of other equity0.00
Income /-loss after income taxes16.88
Net Income/-loss16.88
Income/-loss to shareholder16.88
Earnings Per Share
Basic EPS (excl. extra items)0.82
Extraordinary items0.00
Basic Net EPS0.82
Basic shares outstanding (Mill. of Units)20.58
Diluted Net EPS0.81
Diluted average shares (Mill. of Units)20.78
Dividend per share0.28
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About Independent Bank Corp Mi Quarterly 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-Q 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

  • Source: SEC 10-Q filings
  • Filed with the SEC: August 5, 2026
  • Original filing: ibcp-20260630.htm

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