Independent Bank Corporation (IBCP)

Nasdaq: IBCP · State Commercial Banks · Grand Rapids, MI · filing with the SEC since 1995

Grade5.9

◀ Past 6.5● Present 6.3▶ Future 4.4

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts in thousands. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Mar 6, 2026	Mar 7, 2025	Mar 8, 2024	Mar 3, 2023	Mar 4, 2022	Mar 5, 2021	Mar 6, 2020	Mar 7, 2019	Mar 7, 2018	Mar 7, 2017
Revenue	32,075	31,979	32,903	31,643	29,098	24,026	25,953	27,126	·	·
For lenders
Interest and dividend income	269,737	266,776	239,677	169,008	138,080	139,829	148,928	130,773	98,309	86,523
Interest expense on deposits and borrowings	89,722	100,528	83,348	19,447	·	·	·	·	·	·
Net interest income	180,015	166,248	156,329	149,561	129,765	123,612	122,581	113,282	89,186	79,641
Provision for credit losses	6,135	4,468	6,210	5,341	-1,928	12,463	824	1,503	1,199	-1,309
Net interest income after provision	173,880	161,780	150,119	144,220	131,693	111,149	121,757	111,779	87,987	80,950
Noninterest income	45,644	56,362	50,676	61,909	76,643	80,745	47,736	44,815	42,533	42,298
Noninterest expense	138,233	135,096	127,119	128,341	131,023	122,413	111,733	107,461	92,082	90,347
Interest expense	·	·	83,348	19,447	8,315	16,217	26,347	17,491	9,123	6,882
Income before income taxes	81,291	83,046	73,676	77,788	77,313	69,481	57,760	49,133	38,438	32,901
Income tax expense	12,750	16,256	14,609	14,437	14,418	13,329	11,325	9,294	17,963	10,135
Net income	68,541	66,790	59,067	63,351	62,895	56,152	46,435	39,839	20,475	22,766
Net income to common shareholders	·	·	·	·	·	·	·	·	20,475	22,766
Earnings per share, basic	3.30	3.20	2.82	3.00	2.91	2.56	2.03	1.70	0.96	1.06
Earnings per share, diluted	3.27	3.16	2.79	2.97	2.88	2.53	2.00	1.68	0.95	1.05
Weighted average shares, basic	20,758	20,892	20,976	21,096	21,585	21,977	22,894	23,412	21,327	21,378

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaid

us-gaap:ProvisionForLoanLossesExpensed
us-gaap:ProvisionForLoanAndLeaseLosses

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before tax

us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
us-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Net income to common shareholders what is left for common shareholdersus-gaap:NetIncomeLossAvailableToCommonStockholdersBasic

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

SI Assistanton IBCP · research, not advice