Independent Bank (IBCP)
NASDAQ:IBCP
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.84Last Year’s EPS
0.82Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The quarter showed solid profitability, margin expansion, strong commercial loan and deposit growth, and healthy capital and credit metrics. Offsetting negatives include higher-than-expected noninterest expense driven by litigation accruals and nonrecurring items, a modest rise in nonperforming loans concentrated in a single development exposure, and overall loan growth trailing the bank's full-year target. On balance, the positive operating and capital trends outweigh the near-term expense and localized credit challenges.Company Guidance
Net Income and EPS Growth
Net income of $16.9M in Q1 2026 vs $15.6M in prior year; diluted EPS $0.81 vs $0.74, reflecting year-over-year profitability improvement.
Net Interest Income and Margin Expansion
Tax-equivalent net interest margin (NIM) of 3.65% in Q1 2026, up 3 basis points sequentially and from 3.49% in Q1 2025 (+16 bps YoY). Net interest income increased $3.2M YoY and $0.5M (1.1%) sequentially; NII up 7.3% vs 2025 and within the 7%-8% outlook.
Commercial Loan Growth and Pipeline
Total loan growth of $31.8M (3% annualized). Commercial loans led growth with $53.8M quarterly increase (9.9% annualized). Bank added 2 experienced commercial bankers in Q1 and sees continued low double-digit commercial growth for 2026.
Deposit Growth and Stable Funding Costs
Deposits totaled $4.9B at March 31, 2026 with net growth of $80.4M from year-end (core deposit growth across noninterest-bearing, savings and interest-bearing checking). Total cost of funds decreased 13 bps to 1.54%.
Strong Capital and Profitability Metrics
Tangible common equity per share increased $0.33 (5.9% annualized from Dec 31, 2025); tangible common equity ratio increased to 8.7%. Return on average assets 1.24% and return on average equity 13.43%.
Credit Metrics and Low Charge-Offs
Credit quality described as sound: net charge-offs of $266k (2 bps of average loans) for the quarter; past due loans $8.2M (19 bps), essentially unchanged from 12/31/25.
Noninterest Income Within Guidance and Servicing Gain
Noninterest income of $12.0M in Q1 2026 was within guidance ($11.3M–$12.3M). Mortgage servicing produced a $1.6M gain vs a $0.6M loss prior year (price-related gain of $0.9M, $0.04 per diluted share after tax).
Provision and Tax Efficiency
Provision for credit losses was modest at $0.4M (below forecast). Effective tax rate for the quarter was 16.6%.
IBCP Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IBCP Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $33.63 | $33.30 | -0.98% |
Jan 22, 2026 | $34.78 | $35.12 | +0.97% |
Oct 28, 2025 | $31.36 | $31.13 | -0.75% |
Jul 28, 2025 | $31.66 | $31.49 | -0.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Independent Bank (IBCP) report earnings?
Independent Bank (IBCP) is schdueled to report earning on Jul 23, 2026, Before Open (Confirmed).
What is Independent Bank (IBCP) earnings time?
Independent Bank (IBCP) earnings time is at Jul 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IBCP EPS forecast?
IBCP EPS forecast for the fiscal quarter 2026 (Q2) is 0.84.