Independent Bank Corporation Detailed Financials

Full historical quarterly statements

Metric	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30
Total Revenue	82.6M	74.6M	79.4M	79.4M	76.3M	74.7M	84.5M	76.0M
Cost of Goods Sold	22.1M	19.7M	23.0M	25.9M	23.4M	23.4M	26.7M	28.1M
Gross Profit	60.5M	54.9M	56.4M	53.5M	53.0M	51.4M	57.9M	48.0M
R&D Expenses	0	0	0	0	0	0	0	0
Operating Expenses	37.8M	34.7M	36.1M	32.3M	32.3M	32.2M	35.1M	30.7M
Operating Income	22.7M	20.2M	20.3M	21.2M	20.7M	19.1M	22.8M	17.3M
Other Income / Gains	0	0	0	0	0	0	0	0
Net Income	18.8M	16.9M	18.6M	17.5M	16.9M	15.6M	18.5M	13.8M
EPS (Diluted)	0.91	0.82	0.90	0.85	0.81	0.74	0.88	0.66
Reported Currency	USD	USD	USD	USD	USD	USD	USD	USD
Gross Profit Ratio	0.732	0.736	0.71	0.674	0.694	0.687	0.684	0.631
General And Administrative Expenses	31.0M	25.1M	25.6M	22.0M	22.0M	21.3M	24.6M	20.7M
Selling And Marketing Expenses	1.2M	0	0	526K	833K	861K	1.2M	581K
Selling General And Administrative Expenses	32.2M	25.1M	25.6M	22.5M	22.9M	22.2M	25.8M	21.3M
Other Expenses	5.6M	9.6M	10.4M	9.8M	9.4M	10.1M	9.3M	9.4M
Cost And Expenses	59.9M	54.4M	59.1M	58.2M	55.7M	55.6M	61.8M	58.7M
Interest Income	67.3M	66.2M	67.4M	69.3M	66.9M	66.1M	67.0M	68.3M
Interest Expense	19.4M	19.3M	21.1M	23.9M	22.3M	22.5M	24.1M	26.5M
Depreciation And Amortization	0	2.4M	2.4M	2.8M	2.4M	2.4M	2.5M	2.5M
Ebitda	22.7M	22.6M	22.7M	23.9M	23.1M	21.5M	25.3M	19.8M
Ebitdaratio	0.275	0.303	0.286	0.302	0.302	0.287	0.299	0.26
Operating Income Ratio	0.275	0.271	0.256	0.267	0.271	0.256	0.269	0.227
Income Before Tax	22.7M	20.2M	20.3M	21.2M	20.7M	19.1M	22.8M	17.3M
Income Before Tax Ratio	0.275	0.271	0.256	0.267	0.271	0.256	0.269	0.227
Income Tax Expense	3.9M	3.4M	1.7M	3.7M	3.8M	3.5M	4.3M	3.5M
Net Income Ratio	0.228	0.226	0.234	0.22	0.221	0.209	0.218	0.182
Epsdiluted	0.90	0.81	0.89	0.84	0.81	0.74	0.87	0.65
Weighted Average Shs Out	20.6M	20.6M	20.6M	20.7M	20.8M	20.9M	20.9M	20.9M
Weighted Average Shs Out Dil	20.8M	20.8M	20.8M	20.9M	20.9M	21.1M	21.1M	21.1M