Independent Bank Corporation Detailed Financials

Full historical quarterly statements

Metric	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30
Total Revenue	74.6M	79.4M	79.4M	76.3M	74.7M	84.5M	76.0M	79.7M
Cost of Goods Sold	19.7M	23.0M	25.9M	23.4M	23.4M	26.7M	28.1M	24.9M
Gross Profit	54.9M	56.4M	53.5M	53.0M	51.4M	57.9M	48.0M	54.9M
R&D Expenses	0	0	0	0	0	0	0	0
Operating Expenses	34.7M	36.1M	32.3M	32.3M	32.2M	35.1M	30.7M	31.7M
Operating Income	20.2M	20.3M	21.2M	20.7M	19.1M	22.8M	17.3M	23.2M
Other Income / Gains	0	0	0	0	0	0	0	0
Net Income	16.9M	18.6M	17.5M	16.9M	15.6M	18.5M	13.8M	18.5M
EPS (Diluted)	0.82	0.90	0.85	0.81	0.74	0.88	0.66	0.89
Reported Currency	USD	USD	USD	USD	USD	USD	USD	USD
Gross Profit Ratio	0.736	0.71	0.674	0.694	0.687	0.684	0.631	0.688
General And Administrative Expenses	25.1M	25.6M	22.0M	22.0M	21.3M	24.6M	20.7M	21.9M
Selling And Marketing Expenses	0	0	526K	833K	861K	1.2M	581K	788K
Selling General And Administrative Expenses	25.1M	25.6M	22.5M	22.9M	22.2M	25.8M	21.3M	22.7M
Other Expenses	9.6M	10.4M	9.8M	9.4M	10.1M	9.3M	9.4M	9.0M
Cost And Expenses	54.4M	59.1M	58.2M	55.7M	55.6M	61.8M	58.7M	56.6M
Interest Income	66.2M	67.4M	69.3M	66.9M	66.1M	67.0M	68.3M	66.3M
Interest Expense	19.3M	21.1M	23.9M	22.3M	22.5M	24.1M	26.5M	25.0M
Depreciation And Amortization	0	0	2.8M	2.4M	2.4M	2.5M	2.5M	2.5M
Ebitda	20.2M	20.3M	23.9M	23.1M	21.5M	25.3M	19.8M	25.7M
Ebitdaratio	0.271	0.256	0.302	0.302	0.287	0.299	0.26	0.322
Operating Income Ratio	0.271	0.256	0.267	0.271	0.256	0.269	0.227	0.29
Income Before Tax	20.2M	20.3M	21.2M	20.7M	19.1M	22.8M	17.3M	23.2M
Income Before Tax Ratio	0.271	0.256	0.267	0.271	0.256	0.269	0.227	0.29
Income Tax Expense	3.4M	1.7M	3.7M	3.8M	3.5M	4.3M	3.5M	4.6M
Net Income Ratio	0.226	0.234	0.22	0.221	0.209	0.218	0.182	0.232
Epsdiluted	0.81	0.89	0.84	0.81	0.74	0.87	0.65	0.88
Weighted Average Shs Out	20.6M	20.6M	20.7M	20.8M	20.9M	20.9M	20.9M	20.9M
Weighted Average Shs Out Dil	20.8M	20.8M	20.9M	20.9M	21.1M	21.1M	21.1M	21.1M