Independent Bank Corp (IBCP)
Operating cash flow minus capital spending left $70.2M of free cash flow in fiscal 2025. At September 30, 2026 it held $181.8M in cash. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 4, 2026.
Key facts about Independent Bank Corp
- Net worth
- Independent Bank Corp has a market value (market cap) of $821.2M at the latest share price, and shareholders' equity of $577.3M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Cash flow
- In fiscal 2025 operations brought in $76.7M of cash; after $6.5M of capital spending, free cash flow was $70.2M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 4, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Independent Bank Corp's next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Independent Bank Corp declared dividends of $1.04 per share in fiscal 2025, a yield of 2.81% at the current price.
What Independent Bank Corp does
Independent Bank Corp is registered with the SEC under industry code SIC 6022 (State Commercial Banks). Its shares trade on NASDAQ under the ticker IBCP.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $32.1M | $68.5M | $3.27 | $70.2M |
| 2024 | $32M | $66.8M | $3.16 | $55.2M |
| 2023 | $32.9M | $59.1M | $2.79 | $69.6M |
| 2022 | $31.6M | $63.4M | $2.97 | $89M |
| 2021 | $29.1M | $62.9M | $2.88 | $104.3M |
| 2020 | $24M | $56.2M | $2.53 | $54.3M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where IBCP ranks in Finance
Dividends
Independent Bank Corp declared $1.04 per share in fiscal 2025. At the current price that is a yield of 2.81%. It paid out $21.6M in cash dividends, 32% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.04 | $21.6M | 32% |
| 2024 | $0.96 | $20M | 30% |
| 2023 | $0.92 | $19.3M | 33% |
| 2022 | $0.88 | $18.6M | 29% |
| 2021 | $0.84 | $18.2M | 29% |
| 2020 | $0.80 | $17.6M | 31% |
Latest SEC filings
What Independent Bank Corp has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 4, 2026
- November 4, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 4.2% to $9.3M versus the same quarter last year; diluted EPS $0.80 versus $0.84.
- October 30, 2026Passive stake changed SCHEDULE 13G/A
- October 27, 2026
- August 5, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 4.1% to $8.2M versus the same quarter last year; diluted EPS $0.90 versus $0.81.
- July 27, 2026
- July 23, 2026
- June 18, 2026Other event 8-K
- June 12, 2026Other event 8-K
- May 21, 2026
What is IBCP worth? A DCF from its reported cash flow
Insider trades
What the people running Independent Bank Corp did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders sold $85.7K worth of shares in the last 90 days and bought none on the open market.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 1, 2026 | Boer William JDirector | Received as pay | 292 | $10.3K |
| September 15, 2026 | Kessel William BPresident & CEO, Director | Sold | 100 | $3.7K |
| September 15, 2026 | Kessel William BPresident & CEO, Director | Sold | 194 | $7.2K |
| September 15, 2026 | Kessel William BPresident & CEO, Director | Sold | 200 | $7.4K |
| September 15, 2026 | Kessel William BPresident & CEO, Director | Sold | 195 | $7.3K |
| September 15, 2026 | Kessel William BPresident & CEO, Director | Sold | 106 | $3.9K |
| September 15, 2026 | Kessel William BPresident & CEO, Director | Sold | 405 | $15.1K |
| September 15, 2026 | Kessel William BPresident & CEO, Director | Sold | 600 | $22.4K |
Who owns IBCP
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| BlackRock Portfolio Management LLC13G, passive | 5.9% | April 15, 2025 |
| Vanguard Capital Management13G, passive | 5.14% | April 30, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 185 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 2,984,939 | +91,860 |
| Dimensional Fund Advisors LP | 890,443 | +29,296 |
| Vanguard Capital Management LLC | 879,625 | -25,575 |
| State Street Corp | 824,463 | +111,277 |
| American Century Companies Inc | 780,992 | +67,729 |
| Charles Schwab Investment Management Inc | 697,724 | +74,697 |
| Renaissance Technologies LLC | 617,500 | +35,209 |
| Geode Capital Management, LLC | 537,677 | +34,247 |
| Goldman Sachs Group Inc | 415,987 | -127,163 |
| Manufacturers Life Insurance Company, The | 380,322 | -2,712 |
| Vanguard Portfolio Management LLC | 346,624 | +21,334 |
| Jpmorgan Chase & Co | 344,118 | +30,689 |
| Qube Research & Technologies Ltd | 338,633 | +130,649 |
| Nuveen, LLC | 329,514 | -1,339 |
| PL Capital Advisors, LLC | 318,985 | 0 |
| Two Sigma Investments, LP | 318,638 | -31,733 |
| Principal Financial Group Inc | 273,132 | -21,443 |
| Morgan Stanley | 252,470 | +66,389 |
| Allspring Global Investments Holdings, LLC | 219,926 | -4,519 |
| Northern Trust Corp | 219,284 | +19,476 |
Insiders
13 insiders reported holding 405,269 shares in total, about $15M at the last price.
| Holder | Shares |
|---|---|
| Kessel William BPresident & CEO, Director | 157,836 |
| Kimball Stefanie MExecutive Vice President | 64,327 |
| Ervin Patrick JExecutive Vice President | 34,720 |
| Rahn Joel FExecutive Vice President | 29,527 |
| Mohr Gavin A.Executive Vice President | 27,396 |
| Daniel Larry R JrExecutive Vice President | 23,379 |
| Boer William JDirector | 17,488 |
| Stodolak Michael JosephExecutive Vice President | 15,095 |
| Archer Dennis W. JrDirector | 11,500 |
| Michaels Christopher SExecutive Vice President | 11,399 |
Questions about IBCP
What does Independent Bank Corp do?
Independent Bank Corp is a company in the Finance sector, listed on NASDAQ as IBCP. Its shares trade on NASDAQ under the ticker IBCP.
What is Independent Bank Corp's net worth?
Independent Bank Corp has a market value (market cap) of $821.2M at the latest share price, and shareholders' equity of $577.3M on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Independent Bank Corp profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $72.1M.
When did Independent Bank Corp last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 4, 2026. It covers the period to September 30, 2026.
When is Independent Bank Corp's next earnings report?
Independent Bank Corp's next report is expected around January 21, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Independent Bank Corp pay a dividend?
Yes. Independent Bank Corp declared dividends of $1.04 per share in fiscal 2025, a yield of 2.81% at the current price.
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Where the numbers come from
Financial figures are the values Independent Bank Corp tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.