Filing Flows › Independent Bank (IBCP) › Q2 2026
Independent Bank (IBCP) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Independent Bank (IBCP) reported revenue of $63.2M for the second quarter 2026 (Q2 2026), +13% from a year earlier and +7% from the quarter before. Operating margin was 35.9%, net earnings $18.8M (29.7% of revenue).
Independent Bank, Q2 2026: revenue $63.2M (+13% year over year), operating margin 35.9%, net earnings $18.8M, operating cash flow $20.3M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $63.2M | +7% | +13% |
| Operating profit | $22.7M | +12% | +10% |
| Net earnings | $18.8M | +11% | +11% |
| Operating cash flow | $20.3M | — | +6% |
| Free cash flow | $16.7M | — | -1% |
What changed
Revenue was $63.2M in Q2 2026, up 13% year over year and up 7% from the previous quarter.
Operating profit was $22.7M, a 35.9% margin (down 1.1 points year over year). Of the extra revenue versus Q2 2025, 28% reached operating profit, below the 37% margin then. Total costs grew 15% against revenue growth of 13%. The fastest-growing cost line was Credit loss provision (+81%). Net earnings were $18.8M, up 11% year over year. The effective tax rate was 17.2%.
Operating cash flow was $20.3M (up 6% year over year), 108% of net earnings. Non-cash charges added back $2.4M of depreciation and amortization and $675K of share-based compensation. Working capital and other items used $1.6M. Capital expenditures of $3.6M left free cash flow of $16.7M.
Questions
What was Independent Bank's revenue in the second quarter 2026?
Independent Bank (IBCP) reported revenue of $63.2M for the second quarter 2026 (Q2 2026), +13% from a year earlier and +7% from the quarter before.
Was Independent Bank profitable in the second quarter 2026?
Operating profit was $22.7M (35.9% of revenue) and net earnings $18.8M.
Source: Independent Bank 10-Q on SEC EDGAR.