Filing Flows › Independent Bank (IBCP) › Q2 2025
Independent Bank (IBCP) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 6, 2025
Independent Bank (IBCP) reported revenue of $55.9M for the second quarter 2025 (Q2 2025), -1% from a year earlier and +3% from the quarter before. Operating margin was 37.0%, net earnings $16.9M (30.2% of revenue).
Independent Bank, Q2 2025: revenue $55.9M (-1% year over year), operating margin 37.0%, net earnings $16.9M, operating cash flow $19.0M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $55.9M | +3% | -1% |
| Operating profit | $20.7M | +8% | -11% |
| Net earnings | $16.9M | +8% | -9% |
| Operating cash flow | $19.0M | -40% | +117% |
| Free cash flow | $16.7M | -45% | +139% |
What changed
Revenue was $55.9M in Q2 2025, down 1% year over year and up 3% from the previous quarter.
Operating profit was $20.7M, a 37.0% margin (down 4.0 points year over year). Total costs grew 6% against a revenue fall of 1%. The fastest-growing cost line was Credit loss provision (+7795%). Net earnings were $16.9M, down 9% year over year. The effective tax rate was 18.4%.
Operating cash flow was $19.0M (up 117% year over year), 112% of net earnings. Non-cash charges added back $2.4M of depreciation and amortization and $639K of share-based compensation. Working capital and other items used $1.0M. Capital expenditures of $2.3M left free cash flow of $16.7M.
Questions
What was Independent Bank's revenue in the second quarter 2025?
Independent Bank (IBCP) reported revenue of $55.9M for the second quarter 2025 (Q2 2025), -1% from a year earlier and +3% from the quarter before.
Was Independent Bank profitable in the second quarter 2025?
Operating profit was $20.7M (37.0% of revenue) and net earnings $16.9M.
Source: Independent Bank 10-Q on SEC EDGAR.