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Independent Bank (IBCP) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 4, 2026 · Independent Bank (IBCP) Q3 2026 earnings results →
Q3 2026 Revenue up 24% year over year to $71.1M · 25¢ of every $1 of revenue kept as net profit · operating margin 30.3%
Independent Bank made $71.1M in Q3 2026 (+24% Y/Y). Operating margin 30.3%, net earnings $17.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 4, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $71.1M in Q3 2026, up 24% year over year and up 12% from the previous quarter.
Operating profit was $21.5M, a 30.3% margin (down 6.7 points year over year). Of the extra revenue versus Q3 2025, 2% reached operating profit, below the 37% margin then. Total costs grew 37% against revenue growth of 24%. The fastest-growing cost line was Credit loss provision (+141%). Net earnings were $17.9M, up 2% year over year. The effective tax rate was 17.0%.
Operating cash flow was $25.2M (up 38% year over year), 141% of net earnings. Non-cash charges added back $2.5M of depreciation and amortization and $732K of share-based compensation. Working capital and other items added $4.1M. Capital expenditures of $3.0M left free cash flow of $22.1M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 4, 2026 | $71.1M | +24% | 30.3% | $17.9M | $25.2M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $63.2M | +13% | 35.9% | $18.8M | $20.3M |
| Q1 2026 | 10-Q | May 6, 2026 | $58.9M | +9% | 34.3% | $16.9M | −$9.2M |
| Q4 2025 | 10-K | Mar 6, 2026 | $58.3M | -6% | 34.8% | $18.6M | $7.8M |
| Q3 2025 | 10-Q | Nov 5, 2025 | $57.3M | +12% | 37.0% | $17.5M | $18.2M |
| Q2 2025 | 10-Q | Aug 6, 2025 | $55.9M | -1% | 37.0% | $16.9M | $19.0M |
| Q1 2025 | 10-Q | May 7, 2025 | $54.1M | +3% | 35.3% | $15.6M | $31.7M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Independent Bank
The legislation also imposes a 1% excise tax on certain outbound cash remittance transfers, which may impose compliance and collection obligations on financial institutions that serve as remittance transfer providers. The ultimate impact of this legislation on our operations, financial condition, and results of operations will depend on the implementation of these provisions by the applicable regulatory and taxing authorities and cannot yet be fully determined.
In its own words, from its 10-K, filed Mar 6, 2026.
Independent Bank against its State Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +24% against the peers' median +12%. Operating margin: 30.3% against the peers' median 34.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| IBCP Independent Bank | Q3 2026 | $71.1M | +24% | 30.3% |
| BNY Bank of New York Mellon | Q3 2026 | $5.7B | +12% | 38.5% |
| STT State Street | Q3 2026 | $4.0B | +13% | 34.7% |
| FITB Fifth Third Bancorp | Q3 2026 | $3.3B | +42% | 33.8% |
| MTB M&T Bank | Q3 2026 | $2.5B | +0.9% | 39.7% |
| FCNCA First Citizens Bancshares | Q3 2026 | $2.4B | 0% | 33.1% |
| ALLY Ally Financial | Q3 2026 | $2.3B | +8% | 24.3% |
| CFG Citizens Financial Group | Q3 2026 | $2.3B | +10% | 34.6% |
| NTRS Northern Trust | Q3 2026 | $2.3B | +13% | 34.7% |
Source: Independent Bank 10-Q on SEC EDGAR · CIK 39311 · State Commercial Banks
13F: who owns IBCP and who is buying
More on IBCP
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results