INDEPENDENT BANK CORP /MI/ (IBCP) financials

Performance +11.6% 1Y

1Y: $32.94 on 8 Sept 2025 → $36.76. High $38.67 (28 Jul 2026), low $30.08 (17 Nov 2025).

Quarterly results

Q2 FY26: revenue up 4.1%, net profit up 11.4% against the same quarter last year.

USD · quarterly

Line item	Q3 FY24	Q4 FY24	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	8,836,000	7,672,000	7,342,000	7,878,000	8,920,000 +1%	7,935,000 +3%	7,588,000 +3%	8,204,000 +4%
Profit before tax	17,291,000	22,768,000	19,126,000	20,678,000	21,176,000 +22%	20,311,000 −11%	20,230,000 +6%	22,710,000 +10%
Tax rate	20%	19%	18%	18%	17%	9%	17%	17%
Net profit	13,810,000	18,461,000	15,590,000	16,877,000	17,502,000 +27%	18,572,000 +1%	16,875,000 +8%	18,805,000 +11%
EPS	0.66	0.88	0.74	0.81	0.85	0.90	0.82	0.91

How to read this

US dollars, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Balance sheet

Year ending	FY20	FY21	FY22	FY23	FY24	FY25
Equity capital	$339.35M	$323.40M	$320.99M	$317.48M	$318.78M	$307.85M
Reserves	$40.15M	$74.58M	$119.37M	$159.11M	$205.85M	$252.79M
Total liabilities	$3.81B	$4.31B	$4.65B	$4.86B	$4.88B	$5.00B
Fixed assets	$36.13M	$36.40M	$35.89M	$35.52M	$37.49M	$38.97M
Total assets	$4.20B	$4.70B	$5.00B	$5.26B	$5.34B	$5.51B

How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.