Filing Flows › Independent Bank (IBCP) › Q3 2026
Independent Bank (IBCP) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Independent Bank (IBCP) reported revenue of $71.1M for the third quarter 2026 (Q3 2026), +24% from a year earlier and +12% from the quarter before. Operating margin was 30.3%, net earnings $17.9M (25.1% of revenue).
Independent Bank, Q3 2026: revenue $71.1M (+24% year over year), operating margin 30.3%, net earnings $17.9M, operating cash flow $25.2M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $71.1M | +12% | +24% |
| Operating profit | $21.5M | -5% | +2% |
| Net earnings | $17.9M | -5% | +2% |
| Operating cash flow | $25.2M | +24% | +38% |
| Free cash flow | $22.1M | +32% | +34% |
What changed
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.
Questions
What was Independent Bank's revenue in the third quarter 2026?
Independent Bank (IBCP) reported revenue of $71.1M for the third quarter 2026 (Q3 2026), +24% from a year earlier and +12% from the quarter before.
Was Independent Bank profitable in the third quarter 2026?
Operating profit was $21.5M (30.3% of revenue) and net earnings $17.9M.
Source: Independent Bank 10-Q on SEC EDGAR.