Independent Bank Corporation (IBCP) Financial Statements (2026 and earlier)

Company Profile

Business Address 4200 E BELTLINE AVE
GRAND RAPIDS, MI 49525
State of Incorp. MI
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments138,387119,882169,78174,371109,473118,705
Cash and cash equivalent138,387119,882169,78174,371109,473118,705
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss✕✕✕1,8001,800  
Total current assets:138,387119,882171,58176,171109,473118,705
Noncurrent Assets
Operating lease, right-of-use asset7,2965,9714,9115,5446,4817,646
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization38,97237,49235,52335,89336,40436,127
Intangible asset, including goodwill, after accumulated amortization29,30129,78830,30430,85131,63632,606
Goodwill28,30028,30028,30028,30028,30028,300
Intangible asset, excluding goodwill, after accumulated amortization1,0011,4882,0042,5513,3364,306
Total noncurrent assets:75,56973,25170,73872,28874,52176,379
Other undisclosed assets5,291,7645,144,9715,021,4074,851,3284,520,7464,008,929
TOTAL ASSETS:5,505,7205,338,1045,263,7264,999,7874,704,7404,204,013
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities5,002,7694,883,4184,859,2774,652,1914,306,2563,814,491
Total liabilities:5,002,7694,883,4184,859,2774,652,1914,306,2563,814,491
Equity
Equity, attributable to parent502,951454,686404,449347,596398,484389,522
Common stock307,845318,777317,483320,991323,401339,353
Accumulated other comprehensive income (loss)(57,688)(69,944)(72,142)(92,763)50110,024
Retained earnings252,794205,853159,108119,36874,58240,145
Total equity:502,951454,686404,449347,596398,484389,522
TOTAL LIABILITIES AND EQUITY:5,505,7205,338,1045,263,7264,999,7874,704,7404,204,013

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues276,517276,040247,113175,439173,960202,389
Gain on disposition of assets for financial service operations6,7809,2647,4366,43135,88062,560
Net investment income269,737266,776239,677169,008138,080139,829
Cost of revenue
(Provision for Loan, Lease, and Other Losses)		(6,135)(4,468)(6,210)(5,341) (12,463)
Gross profit:270,382271,572240,903170,098173,960189,926
Operating expenses(16,223)(15,525)(14,687)(15,985)(15,860)(16,389)
Other operating income, net
(Noninterest Income, Other Operating Income)		12,52512,21712,47910,7379,3927,521
Operating income:266,684268,264238,695164,850167,492181,058
Nonoperating income (expense)
(losses on Sales of Other Real Estate)		      (64)
Interest and debt expense   (83,348)(19,447)(8,315)(16,217)
Other undisclosed loss from continuing operations before equity method investments, income taxes      (95,296)
Income from continuing operations before equity method investments, income taxes:266,684268,264155,347145,403159,17769,481
Other undisclosed loss from continuing operations before income taxes(185,393)(185,218)(81,671)(67,615)(81,864) 
Income from continuing operations before income taxes:81,29183,04673,67677,78877,31369,481
Income tax expense(12,750)(16,256)(14,609)(14,437)(14,418)(13,329)
Income from continuing operations:68,54166,79059,06763,35162,89556,152
Income before gain (loss) on sale of properties:✕✕✕✕✕62,89556,152
Net income available to common stockholders, diluted:68,54166,79059,06763,35162,89556,152

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:68,54166,79059,06763,35162,89556,152
Other comprehensive income (loss)11,5664,445(5,435)(93,264)(9,523)(3,212)
Comprehensive income (loss):80,10771,23553,632(29,913)53,37252,940
Other undisclosed comprehensive income (loss), net of tax, attributable to parent690(2,247)26,056  17,022
Comprehensive income (loss), net of tax, attributable to parent:80,79768,98879,688(29,913)53,37269,962

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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