Independent Bank Corporation (IBCP) Earnings History
Steady Earner37 years of earnings data (1989–2025) · Positive but moderate multi-year EPS trajectory
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Independent Bank Corporation (IBCP) Earnings Overview
As of June 21, 2026, Independent Bank Corporation (IBCP) reported trailing twelve-month net income of $69M, reflecting +3.5% year-over-year growth. The company earned $3.29 per diluted share over the past four quarters, with a net profit margin of 21.7%.
Looking at the long-term picture, IBCP's 5-year EPS compound annual growth rate (CAGR) stands at +5.3%, showing solid earnings momentum. The company achieved its highest annual net income of $78M in fiscal 2013.
Independent Bank Corporation maintains industry-leading profitability with a gross margin of 69.6%, operating margin of 25.8%, and net margin of 21.7%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including MBWM ($89M net income, 23.9% margin), CZWI ($14M net income, 16.0% margin), UVSP ($91M net income, 17.5% margin), IBCP has room to improve margins relative to the peer group. Compare IBCP vs MBWM →
IBCP Earnings vs Peers
Earnings metrics vs comparable public companies
IBCP Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $69M | +2.6% | $81M | $3.27 | 21.7% | 25.8% |
| 2024 | $67M | +13.1% | $83M | $3.16 | 21.1% | 26.3% |
| 2023 | $59M | -6.8% | $74M | $2.79 | 20.8% | 26.0% |
| 2022 | $63M | +0.7% | $78M | $2.97 | 28.3% | 34.7% |
| 2021 | $63M | +12.0% | $77M | $2.88 | 30.4% | 37.3% |
| 2020 | $56M | +20.9% | $69M | $2.53 | 26.2% | 32.4% |
| 2019 | $46M | +16.6% | $58M | $2.00 | 24.3% | 30.3% |
| 2018 | $40M | +94.6% | $49M | $1.68 | 23.3% | 28.8% |
| 2017 | $20M | -10.1% | $38M | $0.95 | 14.8% | 27.8% |
| 2016 | $23M | +13.7% | $33M | $1.05 | 18.3% | 26.5% |
| 2015 | $20M | +11.1% | $29M | $0.86 | 17.5% | 25.7% |
| 2014 | $18M | -76.7% | $25M | $0.77 | 16.1% | 22.6% |
| 2013 | $78M | +195.9% | $23M | $3.55 | 64.1% | 18.7% |
| 2012 | $26M | +229.7% | $26M | $0.84 | 18.6% | 18.6% |
| 2011 | -$20M | -20.9% | -$20M | $-2.94 | -14.6% | -14.8% |
| 2010 | -$17M | +81.5% | -$18M | $-4.09 | -9.8% | -10.7% |
| 2009 | -$90M | +1.6% | -$93M | $-39.60 | -36.3% | -37.5% |
| 2008 | -$92M | -985.0% | -$89M | $-40.00 | -39.2% | -37.9% |
| 2007 | $10M | -68.8% | $9M | $4.50 | 3.8% | 3.3% |
| 2006 | $33M | -27.4% | $45M | $14.30 | 12.8% | 17.6% |
| 2005 | $46M | +13.4% | $63M | $18.76 | 19.4% | 26.8% |
| 2004 | $40M | +7.2% | $55M | $15.96 | 20.9% | 28.6% |
| 2003 | $38M | +27.6% | $51M | $15.42 | 20.7% | 28.2% |
| 2002 | $29M | +20.8% | $41M | $8.69 | 18.3% | 25.4% |
| 2001 | $24M | +21.9% | $34M | $6.65 | 15.1% | 20.9% |
| 2000 | $20M | +130.0% | $27M | $8.03 | 13.2% | 18.0% |
| 1999 | $9M | -26.9% | $12M | $3.42 | 6.1% | 8.4% |
| 1998 | $12M | +693.3% | $17M | $4.75 | 8.2% | 11.7% |
| 1997 | $2M | -81.0% | $3M | $0.17 | 1.1% | 2.6% |
| 1996 | $8M | +16.2% | $11M | $4.96 | 12.1% | 17.2% |
| 1995 | $7M | +13.3% | $10M | $4.34 | 13.7% | 19.1% |
| 1994 | $6M | +11.1% | $8M | $0.63 | 14.7% | 20.3% |
| 1993 | $5M | +12.5% | $8M | $0.58 | 15.3% | 21.2% |
| 1992 | $5M | +26.3% | $7M | $0.55 | 13.3% | 18.6% |
| 1991 | $4M | +31.0% | $5M | $0.43 | 9.9% | 14.1% |
| 1990 | $3M | +7.4% | $4M | $0.33 | 8.0% | 11.0% |
| 1989 | $3M | - | $3M | $0.29 | 7.9% | 9.9% |
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IBCP — Frequently Asked Questions
Quick answers to the most common questions about buying IBCP stock.
What is IBCP earnings per share (EPS)?
IBCP trailing twelve-month (TTM) diluted EPS is $3.29, reflecting +3.5% year-over-year growth. The 5-year EPS CAGR is +5.3%. Complete EPS history from 1989 to 2025 is available in the table on this page.
What is Independent Bank Corporation's net income?
Independent Bank Corporation (IBCP) trailing twelve-month net income is $69M as of 2025. Earnings grew +3.5% year-over-year. Independent Bank Corporation has been profitable for 14 consecutive years.
Is IBCP profitable?
Yes, IBCP is profitable with a TTM net income of $69M and a net profit margin of +21.7%. Independent Bank Corporation has generated profits for 14 consecutive years.
What is IBCP's earnings growth rate?
IBCP compound annual EPS growth rates (CAGR): 1-Year: +3.5%, 3-Year: +3.3%, 5-Year: +5.3%, 10-Year: +14.3%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1989 to 2025.
What are IBCP's profit margins?
Independent Bank Corporation net profit margin is +21.7%, operating margin is +25.8%, and gross margin is +69.6%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +14.3%.
Is IBCP growing earnings?
IBCP earnings growth is slowing. Current YoY EPS growth of +3.5% trails the 5-year CAGR of +5.3%. TTM net income is $69M.
What was IBCP's best earnings year?
Independent Bank Corporation's highest annual net income on record is $78M, achieved in fiscal year 2013. Earnings history on this page spans 1989 to 2025 and includes all annual and quarterly figures.
What were IBCP's earnings last quarter?
IBCP's most recent reported quarter was Q4 2025. Net income was $19M with diluted EPS of $0.89. For a full breakdown of all quarters, see the quarterly earnings table on this page.