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Balance Sheet
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Income Overview
Net Income
$81,838K
EPS
$1.7
Unit: Thousand (K) dollars
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Page 1
Quarterly
123
Page 1
Income Statement
2026-06-30
2026-03-31
2025-12-31
2025-09-30
Interest and fees on loans
260,249
260,982
744,839*
61,325
Interest income, securities, operating, taxable
26,098
25,260
68,084*
3,660
Non-taxable interest and dividends on securities
102
114
86*
-
Tax-exempt
-
-
-
2,767
Interest on loans held for sale
210
252
199*
-
Other investments
-
-
-
1,538
Interest on federal funds sold and short-term investments
2,633
3,657
4,942*
-
Total interest and dividend income
289,292
290,265
818,150*
69,290
Interest on deposits
67,641
66,935
210,745*
21,972
Interest on borrowings
10,724
10,871
33,536*
1,957
Interest expense, operating, total
78,365
77,806
244,281*
23,929
Net interest income
210,927
212,459
573,869*
45,361
Provision for loan and lease losses
6,250
5,500
60,233*
1,991
Net interest income after provision for credit losses
204,677
206,959
513,636*
43,370
Interchange income
-
-
-
4,157
Service charges on deposit accounts
-
-
-
3,131
Mortgage loans
-
-
-
1,474
Equity securities at fair value
-
-
-
0
Securities available for sale
-
-
-
-36
Deposit account fees
9,393
9,249
8,035*
-
Mortgage loan servicing, net
-
-
-
74
Interchange and atm fees
5,686
5,018
5,247*
-
Investment banking, advisory, brokerage, and underwriting fees and commissions
14,961
14,165
12,511*
-
Mortgage banking income
1,174
1,270
1,133*
-
Bank owned life insurance income
2,636
2,712
8,558*
-
Gain realized on life insurance policies
672
346
491*
-
Loan level derivative income
1,317
910
891*
-
Other non-interest income
6,552
6,592
76,929*
3,137
Total non-interest income
42,391
40,262
113,796*
11,937
Salaries and employee benefits
79,088
80,737
276,459*
21,125
Data processing
-
-
-
3,784
Occupancy and equipment expenses
16,170
17,306
51,337*
2,127
Interchange expense
-
-
-
1,180
Advertising
-
-
-
526
Furniture, fixtures and equipment
-
-
-
892
Data processing& facilities management
3,208
3,259
2,795*
-
Loan and collection
-
-
-
618
Software maintenance
7,070
7,068
6,054*
-
Fdic assessment
3,158
3,328
10,622*
615
Communications
-
-
-
465
Debit card expense
2,462
2,402
2,123*
-
Consulting expense
-
-
4,840*
682
Intangible asset, finite-lived, amortization expense
6,791
6,890
-
-
Cost, amortization
-
-
4,228*
-
Consulting expense
3,274
-
-
-
Business combination, acquisition-related cost, expense
0
3,024
9,909*
-
Other non-interest expenses
19,051
18,904
59,677*
2,117
Total non-interest expenses
140,272
142,918
428,042*
34,131
Income before income taxes
106,796
104,303
199,390*
21,176
Income tax benefit
-
-
45,836*
3,674
Current federal, state and local, tax expense (benefit)
24,958
24,384
-
-
Net income
81,838
79,919
153,554
17,502
Basic EPS
1.7
1.63
1.582
0.85
Diluted EPS
1.7
1.63
3.324
0.84
Basic Average Shares
48,054,411
48,970,060
97,057,076
20,702,000
Diluted Average Shares
48,076,755
48,999,745
46,191,082
-
Page 1
Unit: Thousand (K) dollars (except for numbers of shares and EPS). Numbers labeled with * are estimated quarterly values.
Page 1
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Income Statement
Interest and fees on loans
$260,249K
(337.14%↑ Y/Y)
Interest income,
securities, operating,...
$26,098K
(587.51%↑ Y/Y)
Interest on federal funds
sold and short-term...
$2,633K
Interest on loans held for
sale
$210K
Non-taxable interest and
dividends on securities
$102K
Total interest and
dividend income
$289,292K
(332.57%↑ Y/Y)
Net interest income
$210,927K
(372.77%↑ Y/Y)
Investment banking,
advisory, brokerage, and...
$14,961K
Deposit account fees
$9,393K
Other non-interest
income
$6,552K
(132.18%↑ Y/Y)
Interchange and atm fees
$5,686K
Bank owned life
insurance income
$2,636K
(790.54%↑ Y/Y)
Loan level
derivative income
$1,317K
Mortgage banking income
$1,174K
Gain realized on life
insurance policies
$672K
Interest expense,
operating, total
$78,365K
(252.00%↑ Y/Y)
Net interest income
after provision for...
$204,677K
(374.72%↑ Y/Y)
Total non-interest
income
$42,391K
(274.31%↑ Y/Y)
Provision for loan and
lease losses
$6,250K
(316.67%↑ Y/Y)
Interest on deposits
$67,641K
(230.57%↑ Y/Y)
Interest on borrowings
$10,724K
(495.45%↑ Y/Y)
Income before income
taxes
$106,796K
(416.47%↑ Y/Y)
Total non-interest
expenses
$140,272K
(315.47%↑ Y/Y)
Net income
$81,838K
(384.91%↑ Y/Y)
Current federal, state
and local, tax...
$24,958K
Salaries and employee
benefits
$79,088K
(274.42%↑ Y/Y)
Other non-interest
expenses
$19,051K
(1096.67%↑ Y/Y)
Occupancy and equipment
expenses
$16,170K
(690.32%↑ Y/Y)
Software maintenance
$7,070K
Intangible asset,
finite-lived, amortization...
$6,791K
Consulting expense
$3,274K
Data processing&
facilities management
$3,208K
Fdic assessment
$3,158K
(395.76%↑ Y/Y)
Debit card expense
$2,462K
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INDEPENDENT BANK CORP (IBCP)
INDEPENDENT BANK CORP (IBCP)