What is Independent Bank Corp.'s earnings per share (EPS)?

Independent Bank Corp. (IBCP) reported diluted earnings per share of $3.27 for fiscal year 2025. This represents a 3.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Independent Bank Corp. (IBCP) Financials

IBCP

Trailing 12 months to June 30, 2026

Revenue $246.9M +8.1% YoY

Net Income $71.8M +10.8% YoY

EPS (Diluted) $3.44 +12.1% YoY

Free Cash Flow $38.1M -39.6% YoY

Market Cap $785.2M as of Oct 10, 2026

Price / Sales 3.2x on $246.9M revenue, trailing 12 months to June 30, 2026

Price / Earnings 10.9x on $71.8M net income, trailing 12 months to June 30, 2026

Price / Book 1.5x on $528.4M equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Aug 5, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the IBCP SEC filings page.

Independent Bank Corp. (IBCP) reported $246.9M in revenue over the twelve months to Jun 30, 2026, up 8.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI IBCP FY2025 2026-10-04

Profits have risen while equity rebuilt and leverage eased, but cash generation remains volatile rather than tracking earnings smoothly.

Cash conversion is the key operating signal: net income reached $68.5M in FY2025 while free cash flow was $70.2M. Free cash flow had fallen to $55.2M in FY2024, so positive earnings do not translate into a uniform cash pattern; balance-sheet flows materially affect cash generation.

The balance sheet became less levered as equity rose from $347.6M in FY2022 to $503.0M in FY2025. Debt-to-equity fell from 13.4x to 9.9x over the same span, indicating capital grew faster than obligations. This is a different balance-sheet story from simple asset expansion: the institution added capital alongside its asset base rather than relying increasingly on liabilities. That combination gives reported growth a stronger capital underpinning, even though return on assets stayed near 1.2% in FY2025.

Net income recovered from $59.1M in FY2023 to $68.5M in FY2025. Return on assets was 1.2% in FY2025, so the recovery came with broadly steady asset efficiency rather than a dramatic change in how productively assets were used.

Financial Health Signals

Financial Health Score 48/100

Scored as: Banks peer group

Scored against banks for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Independent Bank Corp.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Earnings

Independent Bank Corp. earned a return on assets of 1.2% in fiscal year 2025, which is the profit it made on every dollar of assets on its books. This is down from 1.3% the prior year. Earnings ranks banks on that return over three years, and Independent Bank Corp. scores 76/100 among other banks.

Growth

Independent Bank Corp. reported revenue of $225.7M in fiscal year 2025, against $222.6M in fiscal year 2024. Growth ranks banks on the three-year path of their net revenue, which is interest income and fee income less the interest they pay out, and Independent Bank Corp. scores 34/100 among other banks.

Capital

Independent Bank Corp. funded 9.1% of its assets with shareholders' equity at the end of fiscal year 2025, holding $503.0M of equity against $5.5B of assets. Capital ranks banks on that cushion, and Independent Bank Corp. scores 19/100 among other banks.

Efficiency

Efficiency measures what a bank spends running itself against the revenue that spending brings in, so a lower ratio is the better one. Independent Bank Corp. scores 62/100 on it among other banks.

Credit Quality

Not available for Independent Bank Corp., and counted as zero in the overall score.

Stability

Independent Bank Corp. reported net income of $68.5M in fiscal year 2025, against $66.8M in fiscal year 2024. Stability ranks banks on how steady net income has been across five years, and Independent Bank Corp. scores 99/100 among other banks.

Piotroski F-Score Partial

4/6

Independent Bank Corp. passes 4 of 6 computable financial strength tests (3 of the nine could not be computed from available data). 3 of 4 profitability signals pass, all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.

Earnings Quality Cash-Backed

1.12x

For every $1 of reported earnings, Independent Bank Corp. generates $1.12 in operating cash flow ($76.7M OCF vs $68.5M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$63.2M

YoY+13.0%

QoQ+7.4%

5Y CAGR+6.5%

10Y CAGR+8.0%

Independent Bank Corp. generated $63.2M in revenue in Q2 2026. This represents an increase of 13.0% from the same quarter a year earlier. Against the prior quarter it is up 7.4%.

Net Income

$18.8M

YoY+11.4%

QoQ+11.4%

5Y CAGR+8.7%

10Y CAGR+11.3%

Independent Bank Corp. reported $18.8M in net income in Q2 2026. This represents an increase of 11.4% from the same quarter a year earlier. Against the prior quarter it is up 11.4%.

EPS (Diluted)

$0.90

YoY+11.1%

QoQ+11.1%

5Y CAGR+10.0%

10Y CAGR+11.6%

Independent Bank Corp. earned $0.90 per diluted share (EPS) in Q2 2026. This represents an increase of 11.1% from the same quarter a year earlier. Against the prior quarter it is up 11.1%.

EBITDA

Not reported for Q2 2026.

Cash & Balance Sheet

Free Cash Flow

$16.7M

YoY-1.1%

QoQ+221.5%

5Y CAGR-11.3%

10Y CAGR+6.5%

Independent Bank Corp. generated $16.7M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 1.1% from the same quarter a year earlier. Against the prior quarter it is up 221.5%.

Cash & Debt

$165.4M

YoY+13.2%

QoQ-5.4%

5Y CAGR+19.0%

10Y CAGR+10.5%

Independent Bank Corp. held $165.4M in cash as of Q2 2026; long-term debt is not reported for that period.

Dividends Per Share

$0.28

YoY+7.7%

QoQ0.0%

5Y CAGR+5.9%

10Y CAGR+13.3%

Independent Bank Corp. paid $0.28 per share in dividends in Q2 2026. This represents an increase of 7.7% from the same quarter a year earlier. It is unchanged from the prior quarter.

Shares Outstanding

22M

YoY+7.2%

QoQ+7.7%

5Y CAGR+0.6%

10Y CAGR+0.5%

Independent Bank Corp. had 22M shares outstanding in Q2 2026. This represents an increase of 7.2% from the same quarter a year earlier. Against the prior quarter it is up 7.7%.

Margins & Returns

Net Margin

29.7%

YoY-0.4pp

QoQ+1.1pp

5Y change+2.9pp

10Y change+7.7pp

Independent Bank Corp.'s net profit margin was 29.7% in Q2 2026, showing the share of revenue converted to profit. This is down 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Return on Equity

3.6%

YoY0.0pp

QoQ+0.3pp

5Y change+0.4pp

10Y change+0.9pp

Independent Bank Corp.'s ROE was 3.6% in Q2 2026, measuring profit generated per dollar of shareholder equity. That is unchanged from the same quarter a year earlier. Against the prior quarter it is up 0.3 percentage points.

Gross Margin

Not reported for Q2 2026.

Operating Margin

Not reported for Q2 2026.

Capital Allocation

Share Buybacks

YoY-100.0%

Independent Bank Corp. repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier.

Capital Expenditures

$3.6M

YoY+56.3%

QoQ-22.7%

5Y CAGR+25.7%

10Y CAGR+25.1%

Independent Bank Corp. invested $3.6M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 56.3% from the same quarter a year earlier. Against the prior quarter it is down 22.7%.

R&D Spending

Not reported for Q2 2026.

IBCP Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IBCP quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$246.9M	$225.7M+1.4%	$222.6M+7.5%	$207.0M-2.1%	$211.5M+2.5%	$206.4M+1.0%	$204.4M+20.0%	$170.3M+7.7%	$158.1M+20.0%	$131.7M+8.0%	$121.9M+5.9%	$115.1M+2.8%	$112.0M-8.8%	$122.8M-18.0%	$149.8M+5.9%	$141.5M
SG&A Expenses	N/A	$85.2M+0.3%	$85.0M+7.6%	$79.0M-2.5%	$81.0M+1.3%	$80.0M+6.9%	$74.8M+10.8%	$67.5M+8.7%	$62.1M+12.7%	$55.1M+11.1%	$49.6M+2.9%	$48.2M+2.0%	$47.2M-1.5%	$47.9M-11.2%	$54.0M+6.9%	$50.5M
Interest Expense	$109.0M	$89.7M-10.7%	$100.5M+20.6%	$83.3M+328.6%	$19.4M+133.9%	$8.3M-48.7%	$16.2M-38.4%	$26.3M+50.6%	$17.5M+91.7%	$9.1M+32.6%	$6.9M+17.5%	$5.9M-19.8%	$7.3M-20.3%	$9.2M-30.3%	$13.1M-34.9%	$20.2M
Income Tax	N/A	$12.8M-21.6%	$16.3M+11.3%	$14.6M+1.2%	$14.4M+0.1%	$14.4M+8.2%	$13.3M+17.7%	$11.3M+21.9%	$9.3M-48.3%	$18.0M+77.2%	$10.1M+8.2%	$9.4M+30.1%	$7.2M+113.1%	-$54.9M	$0+100.0%	-$212K
Net Income	$71.8M	$68.5M+2.6%	$66.8M+13.1%	$59.1M-6.8%	$63.4M+0.7%	$62.9M+12.0%	$56.2M+20.9%	$46.4M+16.6%	$39.8M+94.6%	$20.5M-10.1%	$22.8M+13.7%	$20.0M+11.1%	$18.0M-76.7%	$77.5M+195.9%	$26.2M+229.7%	-$20.2M
EPS (Basic)	N/A	$3.30+3.1%	$3.20+13.5%	$2.82-6.0%	$3.00+3.1%	$2.91+13.7%	$2.56+26.1%	$2.03+19.4%	$1.70+77.1%	$0.96-9.4%	$1.06+20.5%	$0.88+11.4%	$0.79-86.5%	$5.87+133.9%	$2.51+185.4%	-$2.94
EPS (Diluted)	$3.44	$3.27+3.5%	$3.16+13.3%	$2.79-6.1%	$2.97+3.1%	$2.88+13.8%	$2.53+26.5%	$2.00+19.0%	$1.68+76.8%	$0.95-9.5%	$1.05+22.1%	$0.86+11.7%	$0.77-78.3%	$3.55	$0.80	-$2.94

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Revenue	$63.2M+13.0%	$58.9M+8.9%	$67.4M+0.7%	$57.3M+11.6%	$55.9M-1.0%	$54.1M+2.6%	$67.0M+36.1%	$51.4M-6.7%
SG&A Expenses	$22.6M+6.8%	$21.8M+7.1%	N/A	$21.1M+5.4%	$21.1M-0.6%	$20.4M-1.9%	N/A	$20.0M+0.4%
Interest Expense	$19.4M-12.9%	$19.3M-14.0%	$46.4M+8.2%	$23.9M-9.6%	$22.3M-10.9%	$22.5M-9.9%	$42.9M+69.7%	$26.5M+15.1%
Income Tax	$3.9M+2.7%	$3.4M-5.1%	N/A	$3.7M+5.5%	$3.8M-18.0%	$3.5M-7.7%	N/A	$3.5M-15.3%
Net Income	$18.8M+11.4%	$16.9M+8.2%	$18.6M+0.6%	$17.5M+26.7%	$16.9M-8.9%	$15.6M-2.5%	$18.5M+34.3%	$13.8M-21.3%
EPS (Basic)	$0.91+12.3%	$0.82+10.8%	$0.90+2.3%	$0.85+28.8%	$0.81-9.0%	$0.74-3.9%	$0.88+33.3%	$0.66-21.4%
EPS (Diluted)	$0.90+11.1%	$0.81+9.5%	$0.89+2.3%	$0.84+29.2%	$0.81-8.0%	$0.74-2.6%	$0.87+33.8%	$0.65-21.7%
Diluted Shares (Avg)	21M-0.7%	21M-1.7%	N/A	N/A	21M	21M	N/A	N/A

Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, Operating Income, EBITDA.

IBCP Balance Sheet

IBCP quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$5.5B+3.1%	$5.3B+1.4%	$5.3B+5.3%	$5.0B+6.3%	$4.7B+11.9%	$4.2B+17.9%	$3.6B+6.3%	$3.4B+20.2%	$2.8B+9.4%	$2.5B+5.8%	$2.4B+7.1%	$2.2B+1.8%	$2.2B+9.2%	$2.0B-12.3%	$2.3B
Cash & Equivalents	$138.4M+15.4%	$119.9M-29.4%	$169.8M+128.3%	$74.4M-32.1%	$109.5M-7.8%	$118.7M+81.8%	$65.3M-7.0%	$70.2M+28.3%	$54.7M-34.2%	$83.2M-3.0%	$85.8M+15.9%	$74.0M-37.8%	$119.1M-33.8%	$179.8M-47.3%	$341.1M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$28.3M0.0%	$28.3M0.0%	$28.3M0.0%	$28.3M0.0%	$28.3M0.0%	$28.3M0.0%	$28.3M0.0%	$28.3M	$0	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$5.0B+2.4%	$4.9B+0.5%	$4.9B+4.5%	$4.7B+8.0%	$4.3B+12.9%	$3.8B+18.7%	$3.2B+6.6%	$3.0B+19.4%	$2.5B+9.8%	$2.3B+6.6%	$2.2B+8.0%	$2.0B+1.0%	$2.0B+4.7%	$1.9B-14.3%	$2.2B
Total Equity	$503.0M+10.6%	$454.7M+12.4%	$404.4M+16.4%	$347.6M-12.8%	$398.5M+2.3%	$389.5M+11.2%	$350.2M+3.3%	$339.0M+28.0%	$264.9M+6.3%	$249.3M-1.2%	$252.3M+0.8%	$250.4M+8.1%	$231.6M+71.6%	$135.0M+31.5%	$102.6M
Retained Earnings	$252.8M+22.8%	$205.9M+29.4%	$159.1M+33.3%	$119.4M+60.0%	$74.6M+85.8%	$40.1M+2391.9%	$1.6M+105.7%	-$28.3M+47.7%	-$54.1M+17.7%	-$65.7M+20.3%	-$82.3M+14.6%	-$96.5M+12.6%	-$110.3M+42.6%	-$192.4M+10.2%	-$214.3M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Total Assets	$5.7B+4.5%	$5.6B+4.3%	$5.5B+3.1%	$5.5B+4.4%	$5.4B+2.7%	$5.3B+1.9%	$5.3B+1.4%	$5.3B+1.1%
Cash & Equivalents	$165.4M+13.2%	$174.9M+36.5%	$138.4M+15.4%	$208.7M+71.7%	$146.2M-31.8%	$128.1M-20.8%	$119.9M-29.4%	$121.6M-4.6%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$28.3M0.0%	$28.3M0.0%	$28.3M0.0%	$28.3M0.0%	$28.3M0.0%	$28.3M0.0%	$28.3M0.0%	$28.3M0.0%
Total Liabilities	$5.1B+3.8%	$5.0B+3.8%	$5.0B+2.4%	$5.0B+4.1%	$4.9B+2.1%	$4.9B+0.9%	$4.9B+0.5%	$4.8B-0.4%
Total Equity	$528.4M+12.6%	$510.6M+9.3%	$503.0M+10.6%	$490.7M+8.5%	$469.3M+9.0%	$467.3M+12.4%	$454.7M+12.4%	$452.4M+20.6%
Retained Earnings	$276.9M+21.7%	$263.9M+22.2%	$252.8M+22.8%	$239.6M+24.5%	$227.5M+23.9%	$216.0M+27.0%	$205.9M+29.4%	$192.4M+28.1%

Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Non-Current Liabilities, Long-Term Debt.

IBCP Cash Flow Statement

IBCP quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$49.4M	$76.7M+21.4%	$63.2M-16.5%	$75.6M-20.1%	$94.6M-14.1%	$110.2M+87.7%	$58.7M+70.1%	$34.5M-23.2%	$44.9M+16.4%	$38.6M+62.9%	$23.7M+3.7%	$22.9M+74.9%	$13.1M-74.9%	$52.1M+77.2%	$29.4M-17.0%	$35.4M
Depreciation & Amortization	N/A	$9.9M-1.0%	$10.0M-0.1%	$10.0M-7.5%	$10.8M-10.7%	$12.1M+32.4%	$9.2M+51.2%	$6.1M+0.4%	$6.0M-13.3%	$7.0M+33.4%	$5.2M+14.6%	$4.6M+51.1%	$3.0M+237.2%	-$2.2M+53.4%	-$4.7M+58.3%	-$11.3M
Stock-Based Compensation	N/A	$2.7M+16.5%	$2.3M+4.6%	$2.2M+4.0%	$2.1M+10.1%	$1.9M-1.7%	$2.0M+6.8%	$1.9M+7.1%	$1.7M-1.0%	$1.7M+7.9%	$1.6M+9.7%	$1.5M+23.9%	$1.2M-3.7%	$1.2M+42.5%	$869K-28.1%	$1.2M
Capital Expenditures	$11.3M	$6.5M-18.3%	$8.0M+32.0%	$6.0M+6.1%	$5.7M-2.7%	$5.8M+33.2%	$4.4M-11.2%	$4.9M+27.8%	$3.9M-9.0%	$4.2M+22.6%	$3.5M-20.6%	$4.4M+1.3%	$4.3M-48.7%	$8.4M+58.2%	$5.3M+90.5%	$2.8M
Free Cash Flow	$38.1M	$70.2M+27.1%	$55.2M-20.6%	$69.6M-21.8%	$89.0M-14.7%	$104.3M+92.1%	$54.3M+83.7%	$29.6M-28.0%	$41.1M+19.5%	$34.4M+69.7%	$20.2M+9.4%	$18.5M+110.9%	$8.8M-79.9%	$43.7M+81.3%	$24.1M-26.1%	$32.6M
Investing Cash Flow	-$189.0M	-$122.5M-3.7%	-$118.2M+27.5%	-$162.9M+61.6%	-$424.6M+24.6%	-$563.1M-1.7%	-$553.9M-204.1%	-$182.2M+0.7%	-$183.4M+33.9%	-$277.6M-99.9%	-$138.9M+13.5%	-$160.5M	N/A	-$221.1M+19.3%	-$273.9M-314.9%	$127.5M
Financing Cash Flow	$159.0M	$64.3M+1159.3%	$5.1M-97.2%	$182.8M-38.0%	$294.9M-33.5%	$443.7M-19.1%	$548.6M+284.4%	$142.7M-7.3%	$154.0M-26.9%	$210.5M+87.0%	$112.6M-24.7%	$149.4M	N/A	$108.3M+30.2%	$83.2M+140.2%	-$207.1M
Dividends Paid	$22.3M	$21.6M+7.8%	$20.0M+3.7%	$19.3M+4.1%	$18.6M+2.3%	$18.2M+3.0%	$17.6M+6.4%	$16.6M+17.8%	$14.1M+56.9%	$9.0M+23.2%	$7.3M+23.4%	$5.9M+42.8%	$4.1M	$0	$0	$0
Share Buybacks	$5.1M	$12.4M	$0-100.0%	$5.2M+28.6%	$4.0M-76.8%	$17.3M+21.3%	$14.2M-45.9%	$26.3M+107.3%	$12.7M	$0-100.0%	$16.9M+24.9%	$13.5M	$0	$0	N/A	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Operating Cash Flow	$20.3M+5.7%	-$9.2M-147.6%	$7.8M-52.4%	$30.4M+76.9%	$19.2M+119.4%	$19.3M-7.6%	$16.4M-2.6%	$17.2M-33.1%
Depreciation & Amortization	$1.3M-2.8%	$2.4M+0.9%	$2.4M-3.8%	$1.1M-12.3%	$1.4M+3.8%	$2.4M-6.3%	$2.5M-2.3%	$1.3M-49.3%
Stock-Based Compensation	N/A	$688K-9.2%	N/A	N/A	N/A	$758K+28.3%	N/A	N/A
Capital Expenditures	$3.6M+56.3%	$4.6M+310.8%	$1.4M-64.2%	$1.7M+11.0%	$2.3M+28.5%	$1.1M+66.0%	$4.0M+165.0%	$1.5M+3.6%
Free Cash Flow	$16.7M-1.1%	-$13.8M-175.9%	$6.4M-48.6%	$28.8M+83.2%	$16.9M+142.4%	$18.1M-10.1%	$12.4M-19.2%	$15.7M-35.3%
Investing Cash Flow	-$104.9M-48.0%	-$16.7M-205.8%	-$45.6M+46.5%	-$21.9M+67.6%	-$70.9M-520.4%	$15.8M-10.8%	-$85.2M-1163.2%	-$67.5M+14.5%
Financing Cash Flow	$75.1M+7.8%	$62.4M+333.0%	-$32.5M-148.4%	$54.0M+226.9%	$69.7M+159.0%	-$26.8M+42.4%	$67.2M+108.2%	-$42.5M-182.7%
Dividends Paid	$5.8M+7.1%	$5.8M+5.9%	$5.4M+7.3%	$5.4M+7.3%	$5.4M+7.4%	$5.4M+9.0%	$5.0M+4.6%	$5.0M+4.1%
Share Buybacks	$0-100.0%	$0-100.0%	$4.7M	$413K	$7.3M	$33K	$0-100.0%	$0-100.0%

IBCP Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

IBCP quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Net Margin	30.4%+0.4pp	30.0%+1.5pp	28.5%-1.4pp	30.0%-0.5pp	30.5%+3.0pp	27.5%+0.2pp	27.3%+2.1pp	25.2%+9.7pp	15.5%-3.1pp	18.7%+1.3pp	17.4%+1.3pp	16.1%-47.0pp	63.1%+45.6pp	17.5%+31.8pp	-14.3%
Return on Equity	13.6%-1.1pp	14.7%+0.1pp	14.6%-3.6pp	18.2%+2.4pp	15.8%+1.4pp	14.4%+1.2pp	13.3%+1.5pp	11.8%+4.0pp	7.7%-1.4pp	9.1%+1.2pp	7.9%+0.7pp	7.2%-26.3pp	33.5%+14.1pp	19.4%+39.1pp	-19.7%
Return on Assets	1.2%0.0pp	1.3%+0.1pp	1.1%-0.1pp	1.3%-0.1pp	1.3%0.0pp	1.3%0.0pp	1.3%+0.1pp	1.2%+0.5pp	0.7%-0.2pp	0.9%+0.1pp	0.8%0.0pp	0.8%-2.7pp	3.5%+2.2pp	1.3%+2.2pp	-0.9%
Debt-to-Equity	9.95-0.8x	10.74-1.3x	12.01-1.4x	13.38+2.6x	10.81+1.0x	9.79+0.6x	9.18+0.3x	8.89-0.6x	9.53+0.3x	9.22+0.7x	8.55+0.6x	7.98-0.6x	8.54-5.5x	13.99-7.5x	21.48
Asset Turnover	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.040.0x	0.050.0x	0.050.0x	0.050.0x	0.050.0x	0.050.0x	0.050.0x	0.050.0x	0.060.0x	0.070.0x	0.06
FCF Margin	31.1%+6.3pp	24.8%-8.8pp	33.6%-8.4pp	42.1%-8.5pp	50.5%+24.0pp	26.6%+9.2pp	17.3%-8.6pp	26.0%-0.1pp	26.1%+9.5pp	16.6%+0.5pp	16.1%+8.2pp	7.8%-27.8pp	35.6%+19.5pp	16.1%-7.0pp	23.1%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-K	Q3'2510-K	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-K
Net Margin	29.7%-0.4pp	28.6%-0.2pp	27.5%0.0pp	30.6%+3.7pp	30.2%-2.6pp	28.8%-1.5pp	27.6%-0.4pp	26.9%-5.0pp
Return on Equity	3.6%0.0pp	3.3%0.0pp	3.7%-0.4pp	3.6%+0.5pp	3.6%-0.7pp	3.3%-0.5pp	4.1%+0.7pp	3.0%-1.6pp
Return on Assets	0.3%0.0pp	0.3%0.0pp	0.3%0.0pp	0.3%+0.1pp	0.3%0.0pp	0.3%0.0pp	0.4%+0.1pp	0.3%-0.1pp
Debt-to-Equity	9.72-0.8x	9.89-0.5x	9.95-0.8x	10.19-0.4x	10.55-0.7x	10.40-1.2x	10.74-1.3x	10.63-2.2x
Asset Turnover	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x	0.010.0x
FCF Margin	26.5%-3.8pp	-23.4%-56.9pp	9.4%-9.0pp	50.2%+19.6pp	30.2%+17.9pp	33.5%-4.7pp	18.4%-12.6pp	30.6%-13.5pp

Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Independent Bank Corp. IBCP	FY2025	$225.7M	$68.5M	30.4%	$785.2M	48/100
South Plains Financial, Inc. SPFI	FY2025	$211.9M	$58.5M	27.6%	$797.3M	47/100
First Financial Corporation THFF	FY2025	$261.8M	$79.2M	30.3%	$865.6M	51/100
Mid Penn Bancorp, Inc. MPB	FY2025	$225.9M	$56.2M	24.9%	$904.5M	63/100
Camden National Corporation CAC	FY2025	$255.8M	$65.2M	25.5%	$937.6M	48/100
Southern Missouri Bancorp SMBC	FY2026	$200.6M	$71.8M	35.8%	$770.2M	55/100

Where Independent Bank Corp. Ranks

Frequently Asked Questions

What is Independent Bank Corp.'s annual revenue?

Independent Bank Corp. (IBCP) reported $225.7M in total revenue for fiscal year 2025. This represents a 1.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Independent Bank Corp.'s revenue growing?

Independent Bank Corp. (IBCP) revenue grew by 1.4% year-over-year, from $222.6M to $225.7M in fiscal year 2025.

Is Independent Bank Corp. profitable?

Yes, Independent Bank Corp. (IBCP) reported a net income of $68.5M in fiscal year 2025, with a net profit margin of 30.4%.

What is Independent Bank Corp.'s net profit margin?

Independent Bank Corp. (IBCP) had a net profit margin of 30.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Independent Bank Corp. pay dividends?

Yes, Independent Bank Corp. (IBCP) paid $1.04 per share in dividends during fiscal year 2025.

What is Independent Bank Corp.'s return on equity (ROE)?

Independent Bank Corp. (IBCP) has a return on equity of 13.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Independent Bank Corp.'s free cash flow?

Independent Bank Corp. (IBCP) generated $70.2M in free cash flow during fiscal year 2025. This represents a 27.1% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Independent Bank Corp.'s operating cash flow?

Independent Bank Corp. (IBCP) generated $76.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Independent Bank Corp.'s total assets?

Independent Bank Corp. (IBCP) had $5.5B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Independent Bank Corp.'s capital expenditures?

Independent Bank Corp. (IBCP) invested $6.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Independent Bank Corp. buy back shares?

Yes, Independent Bank Corp. (IBCP) spent $12.4M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Independent Bank Corp. have outstanding?

Independent Bank Corp. (IBCP) had 21M shares outstanding as of fiscal year 2025.

What is Independent Bank Corp.'s debt-to-equity ratio?

Independent Bank Corp. (IBCP) had a debt-to-equity ratio of 9.95 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Independent Bank Corp.'s return on assets (ROA)?

Independent Bank Corp. (IBCP) had a return on assets of 1.2% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Independent Bank Corp.'s P/E ratio?

Independent Bank Corp. (IBCP) trades at 10.9x earnings, its market capitalization divided by net income of $71.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $785.2M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Independent Bank Corp.'s price-to-sales ratio?

Independent Bank Corp. (IBCP) trades at 3.2x sales, its market capitalization divided by revenue of $246.9M revenue, trailing 12 months to June 30, 2026. The market capitalization is $785.2M as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Independent Bank Corp.'s Piotroski F-Score?

Independent Bank Corp. (IBCP) has a Piotroski F-Score of 4 out of 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Independent Bank Corp.'s earnings high quality?

Independent Bank Corp. (IBCP) has an earnings quality ratio of 1.12x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Independent Bank Corp.?

Independent Bank Corp. (IBCP) scores 48 out of 100 on our Financial Health Score, indicating moderate standing within its banks peer group. The score is a 0-100 composite of six dimensions (Earnings, Growth, Capital, Efficiency, Credit Quality, Stability), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.