Filing Flows › Independent Bank (IBCP) › Q3 2025
Independent Bank (IBCP) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Independent Bank (IBCP) reported revenue of $57.3M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +2% from the quarter before. Operating margin was 37.0%, net earnings $17.5M (30.5% of revenue).
Independent Bank, Q3 2025: revenue $57.3M (+12% year over year), operating margin 37.0%, net earnings $17.5M, operating cash flow $18.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $57.3M | +2% | +12% |
| Operating profit | $21.2M | +2% | +22% |
| Net earnings | $17.5M | +4% | +27% |
| Operating cash flow | $18.2M | -4% | +6% |
| Free cash flow | $16.5M | -0.9% | +5% |
What changed
Revenue was $57.3M in Q3 2025, up 12% year over year and up 2% from the previous quarter.
Operating profit was $21.2M, a 37.0% margin (up 3.3 points year over year). Of the extra revenue versus a year earlier, 65% reached operating profit, above the 34% margin then. Total costs grew 6% against revenue growth of 12%. The fastest-growing cost line was Credit loss provision (+34%). Net earnings were $17.5M, up 27% year over year. The effective tax rate was 17.3%.
Operating cash flow was $18.2M (up 6% year over year), 104% of net earnings. Non-cash charges added back $2.8M of depreciation and amortization and $571K of share-based compensation. Working capital and other items used $2.6M. Capital expenditures of $1.7M left free cash flow of $16.5M.
Questions
What was Independent Bank's revenue in the third quarter 2025?
Independent Bank (IBCP) reported revenue of $57.3M for the third quarter 2025 (Q3 2025), +12% from a year earlier and +2% from the quarter before.
Was Independent Bank profitable in the third quarter 2025?
Operating profit was $21.2M (37.0% of revenue) and net earnings $17.5M.
Source: Independent Bank 10-Q on SEC EDGAR.