Independent Bank (IBCP) earnings

INDEPENDENT BANK CORP /MI/· Financials

Results to: Jun 2026
Latest analysed call: Jun 2026 (Q2 FY26)
Balance sheet to: Dec 2025

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Independent Bank earnings: last reported Thu, 23 Jul 2026, for the quarter ended Jun 2026.

Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	8.2 $ million	+4.1% YoY	Quarterly, as filed	Quarter to Jun 2026	Revenue from operations as filed.
Operating margin	Unavailable	—	Operating profit / revenue	Quarter to Jun 2026	Not in the filed figures for the quarter to jun 2026. No older figure is substituted.
Net profit	18.8 $ million	+11.4% YoY	Quarterly, as filed	Quarter to Jun 2026	Profit after tax as filed.

Source: Inve data from filed results (SEC filings) · to Jun 2026

Price

$36.98 +0.05% · +$0.02

Last close Oct 23, 2026 · US · USD · Source: Inve

Performance +15.0% 1Y

1Y: $32.16 on 22 Oct 2025 → $36.98. High $38.67 (28 Jul 2026), low $30.08 (17 Nov 2025).

Previous close: $36.96
52-week range: $30.08 – $38.67
One year: +17.58%

Overview

Symbol: IBCP
Sector: Financials
Exchange: US
Currency: USD

Financials

What the filings say

Net profit, year on year: +11% (quarter to jun 2026 against jun 2025).

In $ million. Oldest period first.

Line item	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	9	8	7	8	9	8	8	8
Profit before tax	17	23	19	21	21	20	20	23
Tax rate	20.1%	18.9%	18.5%	18.4%	17.4%	8.6%	16.6%	17.2%
Net profit	14	18	16	17	18	19	17	19
EPS ($ per share)	0.66	0.88	0.74	0.81	0.85	0.90	0.82	0.91

Source: Inve data · income statement, quarterly · to Jun 2026

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Equity capital	377	352	339	323	321	317	319	308
Reserves	-28	2	40	75	119	159	206	253
Total liabilities	3,014	3,215	3,814	4,306	4,652	4,859	4,883	5,003
Fixed assets	39	38	36	36	36	36	37	39
Total assets	3,353	3,565	4,204	4,705	5,000	5,264	5,338	5,506

Source: Inve data · balance sheet · to Dec 2025

In $ million. Oldest period first.

Line item	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Cash from operations	45	34	59	110	95	76	63	77
Cash from investing	-183	-182	-554	-563	-425	-163	-118	-122
Cash from financing	154	143	549	444	295	183	5	64
Capital expenditure	-4	-5	-4	-6	-6	-6	-8	-6
Free cash flow	41	30	54	104	89	70	55	70

Source: Inve data · cash flow · to Dec 2025

Insider filings

52 filings between Nov 21, 2025 and Oct 1, 2026.

Open market

decisions to buy or sell

Purchases

$58.1K

3 purchases by 2 insiders

Sales

$360.1K

19 sales by 5 insiders

Compensation

not trading decisions

13: Award — granted as compensation
2: Option exercise — converted options into shares
15: Tax withheld — shares kept back by the company to cover tax

Who traded

open market only

Insider	Bought	Sold	Last filing
Ervin Patrick J	—	$192.4K	Jun 9, 2026
Kessel William B	—	$74.6K	Sep 15, 2026
Kimball Stefanie M	—	$48.2K	May 29, 2026
Kruse Ronia F	$42.3K	—	Feb 24, 2026
TWAROZYNSKI JAMES J	—	$33.8K	Aug 10, 2026
Archer Dennis W. Jr	$15.8K	—	Nov 21, 2025
Kreter Kristopher	—	$11.1K	Aug 19, 2026

Latest filings (50)

Date	Insider	What	Shares	Value
Oct 1, 2026	Boer William J Director	Award	292	$10.3K
Sep 15, 2026	Kessel William B President & CEO	Sale	100	$3.7K
Sep 15, 2026	Kessel William B President & CEO	Sale	194	$7.2K
Sep 15, 2026	Kessel William B President & CEO	Sale	100	$3.7K
Sep 15, 2026	Kessel William B President & CEO	Sale	200	$7.4K
Sep 15, 2026	Kessel William B President & CEO	Sale	405	$15.1K
Sep 15, 2026	Kessel William B President & CEO	Sale	195	$7.3K
Sep 15, 2026	Kessel William B President & CEO	Sale	100	$3.7K
Sep 15, 2026	Kessel William B President & CEO	Sale	600	$22.4K
Sep 15, 2026	Kessel William B President & CEO	Sale	106	$3.9K
Aug 19, 2026	Kreter Kristopher First Vice Pres. & Controller	Sale	300	$11.1K
Aug 10, 2026	TWAROZYNSKI JAMES J Senior Vice President	Sale	489	$18.4K
Jul 1, 2026	Boer William J Director	Award	285	$10.3K
Jun 9, 2026	Ervin Patrick J Executive Vice President	Sale	2	$71
Jun 9, 2026	Ervin Patrick J Executive Vice President	Sale	76	$2.7K
Jun 9, 2026	Ervin Patrick J Executive Vice President	Sale	780	$27.6K
Jun 9, 2026	Ervin Patrick J Executive Vice President	Sale	1,400	$49.5K
Jun 9, 2026	Ervin Patrick J Executive Vice President	Sale	242	$8.6K
May 29, 2026	Kimball Stefanie M Executive Vice President	Sale	1,400	$48.2K
Apr 6, 2026	Kimball Stefanie M Executive Vice President	Tax withheld	1,672	$56.5K
Apr 6, 2026	Mohr Gavin A. Executive Vice President	Tax withheld	1,659	$56.0K
Apr 6, 2026	Ervin Patrick J Executive Vice President	Tax withheld	1,778	$60.1K
Apr 6, 2026	RAHN JOEL F Executive Vice President	Option exercise	4,150	—
Apr 6, 2026	Kessel William B President & CEO	Tax withheld	4,788	$161.7K
Apr 6, 2026	RAHN JOEL F Executive Vice President	Tax withheld	1,270	$42.9K
Apr 6, 2026	Kessel William B President & CEO	Option exercise	10,981	—
Apr 1, 2026	Boer William J Director	Award	309	$10.3K
Feb 24, 2026	Kruse Ronia F Director	Purchase	1,200	$42.3K
Feb 6, 2026	Ervin Patrick J Executive Vice President	Tax withheld	1,174	$43.0K
Feb 6, 2026	MICHAELS CHRISTOPHER S Executive Vice President	Tax withheld	439	$16.1K
Feb 6, 2026	Stodolak Michael Joseph Executive Vice President	Tax withheld	350	$12.8K
Feb 6, 2026	Kreter Kristopher First Vice Pres. & Controller	Tax withheld	94	$3.4K
Feb 6, 2026	Mohr Gavin A. Executive Vice President	Tax withheld	1,105	$40.4K
Feb 6, 2026	Daniel Larry R Jr Executive Vice President	Tax withheld	851	$31.1K
Feb 6, 2026	Kimball Stefanie M Executive Vice President	Tax withheld	1,114	$40.8K
Feb 6, 2026	RAHN JOEL F Executive Vice President	Tax withheld	873	$32.0K
Feb 6, 2026	Kessel William B President & CEO	Tax withheld	2,935	$107.4K
Feb 6, 2026	TWAROZYNSKI JAMES J Senior Vice President	Tax withheld	383	$14.0K
Feb 3, 2026	Kessel William B President & CEO	Award	6,052	$0
Feb 3, 2026	TWAROZYNSKI JAMES J Senior Vice President	Award	631	$0
Feb 3, 2026	Kreter Kristopher First Vice Pres. & Controller	Award	358	$0
Feb 3, 2026	Kimball Stefanie M Executive Vice President	Award	1,793	$0
Feb 3, 2026	Stodolak Michael Joseph Executive Vice President	Award	1,532	$0
Feb 3, 2026	RAHN JOEL F Executive Vice President	Award	1,901	$0
Feb 3, 2026	Mohr Gavin A. Executive Vice President	Award	2,037	$0
Feb 3, 2026	Ervin Patrick J Executive Vice President	Award	1,741	$0
Feb 3, 2026	MICHAELS CHRISTOPHER S Executive Vice President	Award	1,803	$0
Jan 1, 2026	Boer William J Director	Award	331	$10.8K
Dec 12, 2025	Ervin Patrick J Executive Vice President	Sale	3,000	$103.9K
Nov 21, 2025	Archer Dennis W. Jr Director	Purchase	212	$6.7K

Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.

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