Filing Flows › Independent Bank (IBCP) › Q4 2025
Independent Bank (IBCP) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 6, 2026
Independent Bank (IBCP) reported revenue of $58.3M for the fourth quarter 2025 (Q4 2025), -6% from a year earlier and +2% from the quarter before. Operating margin was 34.8%, net earnings $18.6M (31.8% of revenue).
Independent Bank, Q4 2025: revenue $58.3M (-6% year over year), operating margin 34.8%, net earnings $18.6M, operating cash flow $7.8M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $58.3M | +2% | -6% |
| Operating profit | $20.3M | -4% | -11% |
| Net earnings | $18.6M | +6% | +0.6% |
| Operating cash flow | $7.8M | -57% | -52% |
| Free cash flow | $6.4M | -62% | -49% |
What changed
Revenue was $58.3M in Q4 2025, down 6% year over year and up 2% from the previous quarter.
Operating profit was $20.3M, a 34.8% margin (down 1.9 points year over year). Total costs fell 3% while revenue fell 6%. Net earnings were $18.6M, up 1% year over year. The effective tax rate was 8.6%.
Operating cash flow was $7.8M (down 52% year over year), 42% of net earnings. Non-cash charges added back $2.4M of depreciation and amortization and $748K of share-based compensation. Working capital and other items used $13.9M. Capital expenditures of $1.4M left free cash flow of $6.4M.
Questions
What was Independent Bank's revenue in the fourth quarter 2025?
Independent Bank (IBCP) reported revenue of $58.3M for the fourth quarter 2025 (Q4 2025), -6% from a year earlier and +2% from the quarter before.
Was Independent Bank profitable in the fourth quarter 2025?
Operating profit was $20.3M (34.8% of revenue) and net earnings $18.6M.
Source: Independent Bank 10-K on SEC EDGAR.