Independent Bank Corporation (IBCP) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Net Interest Income | 46.85M | 46.35M | 45.36M | 44.62M | 43.69M | 42.85M | 41.85M | 41.35M | 40.2M | 40.11M | 39.43M | 38.35M | 38.44M | 40.6M | 39.9M | 36.06M | 33M | 34.28M | 33.8M | 31.39M |
| NII Growth % | 7.26% | 8.17% | 8.38% | 7.91% | 8.68% | 6.83% | 6.16% | 7.81% | 4.57% | -1.21% | -1.18% | 6.35% | 16.48% | 18.43% | 18.03% | 14.87% | 8.97% | 10.62% | 5.75% | 3.06% |
| Net Interest Margin % | 0.84% | 0.84% | 0.83% | 0.82% | 0.82% | 0.8% | 0.8% | 0.78% | 0.77% | 0.76% | 0.76% | 0.75% | 0.75% | 0.81% | 0.81% | 0.75% | 0.69% | 0.73% | 0.73% | 0.7% |
| Interest Income | 66.17M | 67.42M | 69.29M | 66.88M | 66.14M | 66.98M | 68.33M | 66.34M | 65.13M | 65.36M | 62.43M | 57.95M | 53.94M | 50.98M | 44.92M | 38.36M | 34.74M | 36.22M | 35.85M | 33.5M |
| Interest Expense | 19.31M | 21.07M | 23.93M | 22.26M | 22.46M | 24.13M | 26.48M | 24.99M | 24.93M | 25.25M | 23M | 19.6M | 15.49M | 10.38M | 5.03M | 2.3M | 1.74M | 1.94M | 2.05M | 2.11M |
| Loan Loss Provision | 362K | 1.92M | 1.99M | 1.1M | 906K | 2.55M | 1.6M | -119K | 95K | -269K | 1.8M | 3.42M | 1.7M | 1.31M | 3.53M | 3.03M | -1.93M | 1.84M | -290K | -1.4M |
| Non-Interest Income | 8.45M | 11.96M | 10.1M | 9.45M | 8.59M | 17.55M | 7.7M | 13.41M | 11.03M | 7.53M | 13.97M | 13.62M | 8.91M | 9.75M | 15.16M | 12.72M | 17.38M | 13.87M | 17.76M | 12.71M |
| Non-Interest Income % | 11.32% | 15.06% | 12.72% | 12.39% | 11.49% | 20.77% | 10.13% | 16.82% | 14.48% | 10.33% | 18.29% | 19.03% | 14.17% | 16.05% | 25.23% | 24.9% | 33.34% | 27.69% | 33.12% | 27.51% |
| Total Revenue | 74.62M | 79.38M | 79.39M | 76.33M | 74.73M | 84.53M | 76.04M | 79.75M | 76.15M | 72.89M | 76.4M | 71.57M | 62.84M | 60.73M | 60.09M | 51.09M | 52.12M | 50.09M | 53.61M | 46.21M |
| Revenue Growth % | -0.15% | -6.09% | 4.41% | -4.28% | -1.87% | 15.97% | -0.48% | 11.43% | 21.18% | 20.04% | 27.16% | 40.09% | 20.58% | 21.22% | 12.08% | 10.55% | -9.17% | -11.87% | -11.3% | -11.89% |
| Non-Interest Expense | 34.71M | 36.08M | 32.3M | 32.29M | 32.24M | 35.09M | 30.66M | 31.71M | 31.31M | 29.96M | 29.95M | 30.35M | 29.78M | 30.45M | 30.29M | 29.88M | 30.23M | 30.84M | 32.21M | 30.45M |
| Efficiency Ratio | 46.52% | 45.45% | 40.68% | 42.3% | 43.14% | 41.51% | 40.33% | 39.76% | 41.11% | 41.11% | 39.19% | 42.4% | 47.38% | 50.14% | 50.4% | 58.48% | 58.01% | 61.58% | 60.07% | 65.89% |
| Operating Income | 20.23M | 20.31M | 21.18M | 20.68M | 19.13M | 22.77M | 17.29M | 23.17M | 19.82M | 17.95M | 21.65M | 18.2M | 15.88M | 18.59M | 21.25M | 15.88M | 22.07M | 15.47M | 19.64M | 15.05M |
| Operating Margin % | 27.11% | 25.59% | 26.67% | 27.09% | 25.59% | 26.93% | 22.74% | 29.05% | 26.03% | 24.62% | 28.34% | 25.43% | 25.26% | 30.61% | 35.36% | 31.08% | 42.35% | 30.89% | 36.64% | 32.58% |
| Operating Income Growth % | 5.77% | -10.79% | 22.47% | -10.74% | -3.51% | 26.86% | -20.14% | 27.27% | 24.86% | -3.45% | 1.91% | 14.62% | -28.08% | 20.15% | 8.15% | 5.49% | -18.68% | -26.57% | -19.36% | -17.72% |
| Pretax Income | 20.23M | 20.31M | 21.18M | 20.68M | 19.13M | 22.77M | 17.29M | 23.17M | 19.82M | 17.95M | 21.65M | 18.2M | 15.88M | 18.59M | 21.25M | 15.88M | 22.07M | 15.47M | 19.64M | 15.05M |
| Pretax Margin % | 27.11% | 25.59% | 26.67% | 27.09% | 25.59% | 26.93% | 22.74% | 29.05% | 26.03% | 24.62% | 28.34% | 25.43% | 25.26% | 30.61% | 35.36% | 31.08% | 42.35% | 30.89% | 36.64% | 32.58% |
| Income Tax | 3.35M | 1.74M | 3.67M | 3.8M | 3.54M | 4.31M | 3.48M | 4.64M | 3.83M | 4.2M | 4.11M | 3.41M | 2.88M | 3.5M | 3.95M | 2.88M | 4.11M | 2.96M | 3.68M | 2.67M |
| Effective Tax Rate % | 16.58% | 8.56% | 17.35% | 18.38% | 18.49% | 18.92% | 20.13% | 20.02% | 19.32% | 23.42% | 18.98% | 18.75% | 18.17% | 18.84% | 18.59% | 18.13% | 18.6% | 19.16% | 18.75% | 17.7% |
| Net Income | 16.88M | 18.57M | 17.5M | 16.88M | 15.59M | 18.46M | 13.81M | 18.53M | 15.99M | 13.74M | 17.54M | 14.79M | 12.99M | 15.09M | 17.3M | 13M | 17.97M | 12.51M | 15.96M | 12.39M |
| Net Margin % | 22.62% | 23.4% | 22.05% | 22.11% | 20.86% | 21.84% | 18.16% | 23.23% | 21% | 18.85% | 22.96% | 20.67% | 20.67% | 24.84% | 28.79% | 25.45% | 34.47% | 24.97% | 29.77% | 26.81% |
| Net Income Growth % | 8.24% | 0.6% | 26.73% | -8.91% | -2.51% | 34.33% | -21.28% | 25.27% | 23.09% | -8.9% | 1.42% | 13.76% | -27.7% | 20.61% | 8.36% | 4.95% | -18.47% | -26.36% | -18.49% | -16.14% |
| Net Income (Continuing) | 16.88M | 18.57M | 17.5M | 16.88M | 15.59M | 18.46M | 13.81M | 18.53M | 15.99M | 13.74M | 17.54M | 14.79M | 12.99M | 15.09M | 17.3M | 13M | 17.97M | 12.51M | 15.96M | 12.39M |
| EPS (Diluted) | 0.81 | 0.89 | 0.84 | 0.81 | 0.74 | 0.87 | 0.65 | 0.88 | 0.76 | 0.65 | 0.83 | 0.70 | 0.61 | 0.71 | 0.81 | 0.61 | 0.84 | 0.58 | 0.73 | 0.56 |
| EPS Growth % | 9.46% | 2.3% | 29.23% | -7.95% | -2.63% | 33.85% | -21.69% | 25.71% | 24.59% | -8.45% | 2.47% | 14.75% | -27.38% | 22.41% | 10.96% | 8.93% | -16% | -24.68% | -17.98% | -16.42% |
| EPS (Basic) | 0.82 | 0.90 | 0.85 | 0.81 | 0.74 | 0.88 | 0.66 | 0.89 | 0.77 | 0.66 | 0.84 | 0.70 | 0.62 | 0.72 | 0.82 | 0.62 | 0.85 | 0.59 | 0.74 | 0.57 |
| Diluted Shares Outstanding | 20.78M | 20.85M | 20.9M | 20.95M | 21.15M | 21.12M | 21.11M | 21.11M | 21.08M | 21.05M | 21.11M | 21.22M | 21.3M | 21.27M | 21.25M | 21.27M | 21.4M | 21.47M | 21.73M | 21.97M |