Filing Flows › Independent Bank (IBCP) › Q1 2026
Independent Bank (IBCP) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 6, 2026
Independent Bank (IBCP) reported revenue of $58.9M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +1% from the quarter before. Operating margin was 34.3%, net earnings $16.9M (28.6% of revenue).
Independent Bank, Q1 2026: revenue $58.9M (+9% year over year), operating margin 34.3%, net earnings $16.9M, operating cash flow −$9.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $58.9M | +1% | +9% |
| Operating profit | $20.2M | -0.4% | +6% |
| Net earnings | $16.9M | -9% | +8% |
| Operating cash flow | −$9.2M | -217% | -129% |
What changed
Revenue was $58.9M in Q1 2026, up 9% year over year and up 1% from the previous quarter.
Operating profit was $20.2M, a 34.3% margin (down 1.0 points year over year). Of the extra revenue versus Q1 2025, 23% reached operating profit, below the 35% margin then. Total costs grew 11% against revenue growth of 9%. The fastest-growing cost line was Noninterest expense (+12%). Net earnings were $16.9M, up 8% year over year. The effective tax rate was 16.6%.
Operating cash flow was −$9.2M. Non-cash charges added back $2.4M of depreciation and amortization and $688K of share-based compensation. Working capital and other items used $29.1M. Capital expenditures of $4.6M exceeded it, leaving free cash flow of −$13.8M.
Questions
What was Independent Bank's revenue in the first quarter 2026?
Independent Bank (IBCP) reported revenue of $58.9M for the first quarter 2026 (Q1 2026), +9% from a year earlier and +1% from the quarter before.
Was Independent Bank profitable in the first quarter 2026?
Operating profit was $20.2M (34.3% of revenue) and net earnings $16.9M.
Source: Independent Bank 10-Q on SEC EDGAR.