Independent Bank (IBCP)
Provides commercial banking, mortgage lending, investments, and title services through Independent Bank.
$35.50
vs last close−0.12 (−0.34%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 76 | 73 | 76 | 80 | 76 | 85 | 75 | 76 | 79 | 79 | 75 | 83 |
| Cost of revenue | 25 | 25 | 25 | 25 | 28 | 27 | 23 | 23 | 26 | 23 | 20 | 22 |
| Gross profit | 52 | 48 | 51 | 55 | 48 | 58 | 51 | 53 | 53 | 56 | 55 | 61 |
| 30 | 30 | 31 | 32 | 31 | 35 | 32 | 32 | 32 | 36 | 35 | 38 | |
| 21 | 21 | 22 | 23 | 21 | 26 | 22 | 23 | 23 | 26 | 25 | 32 | |
| Selling & marketing | 0 | 1 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 1 |
| General & administrative | 21 | 20 | 22 | 22 | 21 | 25 | 21 | 22 | 22 | 26 | 25 | 31 |
| Other expenses | 9 | 9 | 9 | 9 | 9 | 9 | 10 | 9 | 10 | 10 | 10 | 6 |
| Operating income | 22 | 18 | 20 | 23 | 17 | 23 | 19 | 21 | 21 | 20 | 20 | 23 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest income | 62 | 65 | 65 | 66 | 68 | 67 | 66 | 67 | 69 | 67 | 66 | 67 |
| Interest expense | 23 | 25 | 25 | 25 | 26 | 24 | 22 | 22 | 24 | 21 | 19 | 19 |
| Income before tax | 22 | 18 | 20 | 23 | 17 | 23 | 19 | 21 | 21 | 20 | 20 | 23 |
| Income tax expense | 4 | 4 | 4 | 5 | 3 | 4 | 4 | 4 | 4 | 2 | 3 | 4 |
| Net income from continuing operations | 18 | 14 | 16 | 19 | 14 | 18 | 16 | 17 | 18 | 19 | 17 | 19 |
| Net income | 18 | 14 | 16 | 19 | 14 | 18 | 16 | 17 | 18 | 19 | 17 | 19 |
| EPS, basic | $0.84 | $0.66 | $0.77 | $0.89 | $0.66 | $0.88 | $0.74 | $0.81 | $0.85 | $0.90 | $0.82 | $0.91 |
| EPS, diluted | $0.83 | $0.65 | $0.76 | $0.88 | $0.65 | $0.87 | $0.74 | $0.81 | $0.84 | $0.89 | $0.81 | $0.90 |
| Weighted average shares, basic | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
| Weighted average shares, diluted | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 | 21 |
| EBITDA | 24 | 20 | 22 | 26 | 20 | 25 | 21 | 23 | 24 | 23 | 23 | 25 |
| Depreciation & amortization | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 3 | 2 | 2 | 2 |
| EBIT | 22 | 18 | 20 | 23 | 17 | 23 | 19 | 21 | 21 | 20 | 20 | 23 |