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Side-by-side financial comparison of INDEPENDENT BANK CORP (IBCP) and PLAYSTUDIOS, Inc. (MYPS). Click either name above to swap in a different company.
INDEPENDENT BANK CORP is the larger business by last-quarter revenue ($58.9M vs $55.4M, roughly 1.1× PLAYSTUDIOS, Inc.). INDEPENDENT BANK CORP runs the higher net margin — 28.6% vs -24.7%, a 53.4% gap on every dollar of revenue. Over the past eight quarters, INDEPENDENT BANK CORP's revenue compounded faster (2.1% CAGR vs -15.6%).
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
PLAYSTUDIOS, Inc. develops and publishes free-to-play social and casual casino games for mobile, desktop and social platforms. It operates a loyalty rewards program that lets players redeem in-game achievements for real-world benefits including travel, dining and event tickets, serving markets across North America, Europe and Asia Pacific.
IBCP vs MYPS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.9M | $55.4M |
| Net Profit | $16.9M | $-13.7M |
| Gross Margin | — | — |
| Operating Margin | — | -17.7% |
| Net Margin | 28.6% | -24.7% |
| Revenue YoY | — | -18.3% |
| Net Profit YoY | 8.2% | 38.9% |
| EPS (diluted) | $0.81 | $-0.12 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $58.9M | — | ||
| Q4 25 | $58.3M | $55.4M | ||
| Q3 25 | $57.3M | $57.6M | ||
| Q2 25 | $55.9M | $59.3M | ||
| Q1 25 | $54.1M | $62.7M | ||
| Q4 24 | $62.0M | $67.8M | ||
| Q3 24 | $51.4M | $71.2M | ||
| Q2 24 | $56.5M | $72.6M |
| Q1 26 | $16.9M | — | ||
| Q4 25 | $18.6M | $-13.7M | ||
| Q3 25 | $17.5M | $-9.1M | ||
| Q2 25 | $16.9M | $-2.9M | ||
| Q1 25 | $15.6M | $-2.9M | ||
| Q4 24 | $18.5M | $-22.4M | ||
| Q3 24 | $13.8M | $-3.1M | ||
| Q2 24 | $18.5M | $-2.6M |
| Q1 26 | — | — | ||
| Q4 25 | 34.8% | -17.7% | ||
| Q3 25 | 37.0% | -13.6% | ||
| Q2 25 | 37.0% | -5.9% | ||
| Q1 25 | 35.3% | -4.4% | ||
| Q4 24 | 36.7% | -33.1% | ||
| Q3 24 | 33.7% | -6.7% | ||
| Q2 24 | 41.0% | -5.5% |
| Q1 26 | 28.6% | — | ||
| Q4 25 | 31.8% | -24.7% | ||
| Q3 25 | 30.5% | -15.8% | ||
| Q2 25 | 30.2% | -5.0% | ||
| Q1 25 | 28.8% | -4.6% | ||
| Q4 24 | 29.8% | -33.1% | ||
| Q3 24 | 26.9% | -4.3% | ||
| Q2 24 | 32.8% | -3.6% |
| Q1 26 | $0.81 | — | ||
| Q4 25 | $0.88 | $-0.12 | ||
| Q3 25 | $0.84 | $-0.07 | ||
| Q2 25 | $0.81 | $-0.02 | ||
| Q1 25 | $0.74 | $-0.02 | ||
| Q4 24 | $0.87 | $-0.18 | ||
| Q3 24 | $0.65 | $-0.02 | ||
| Q2 24 | $0.88 | $-0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $174.9M | $104.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $510.6M | $227.9M |
| Total Assets | $5.6B | $290.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $174.9M | — | ||
| Q4 25 | $138.4M | $104.9M | ||
| Q3 25 | $208.7M | $106.3M | ||
| Q2 25 | $146.2M | $112.9M | ||
| Q1 25 | $128.1M | $107.1M | ||
| Q4 24 | $119.9M | $109.2M | ||
| Q3 24 | $121.6M | $105.2M | ||
| Q2 24 | $214.3M | $106.3M |
| Q1 26 | $510.6M | — | ||
| Q4 25 | $503.0M | $227.9M | ||
| Q3 25 | $490.7M | $238.9M | ||
| Q2 25 | $469.3M | $245.3M | ||
| Q1 25 | $467.3M | $244.1M | ||
| Q4 24 | $454.7M | $244.7M | ||
| Q3 24 | $452.4M | $265.2M | ||
| Q2 24 | $430.5M | $263.6M |
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.5B | $290.6M | ||
| Q3 25 | $5.5B | $299.2M | ||
| Q2 25 | $5.4B | $316.2M | ||
| Q1 25 | $5.3B | $313.8M | ||
| Q4 24 | $5.3B | $323.0M | ||
| Q3 24 | $5.3B | $330.6M | ||
| Q2 24 | $5.3B | $333.4M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $3.7M |
| Free Cash FlowOCF − Capex | — | $3.6M |
| FCF MarginFCF / Revenue | — | 6.5% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $25.4M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.7M | $3.7M | ||
| Q3 25 | $18.2M | $5.7M | ||
| Q2 25 | $19.0M | $13.6M | ||
| Q1 25 | $31.7M | $3.3M | ||
| Q4 24 | $63.2M | $11.6M | ||
| Q3 24 | $17.2M | $14.6M | ||
| Q2 24 | $8.7M | $14.5M |
| Q1 26 | — | — | ||
| Q4 25 | $70.2M | $3.6M | ||
| Q3 25 | $16.5M | $5.4M | ||
| Q2 25 | $16.7M | $13.2M | ||
| Q1 25 | $30.6M | $3.2M | ||
| Q4 24 | $55.2M | $11.5M | ||
| Q3 24 | $15.7M | $13.9M | ||
| Q2 24 | $7.0M | $12.8M |
| Q1 26 | — | — | ||
| Q4 25 | 120.3% | 6.5% | ||
| Q3 25 | 28.9% | 9.3% | ||
| Q2 25 | 29.8% | 22.3% | ||
| Q1 25 | 56.5% | 5.1% | ||
| Q4 24 | 89.1% | 16.9% | ||
| Q3 24 | 30.6% | 19.6% | ||
| Q2 24 | 12.3% | 17.6% |
| Q1 26 | — | — | ||
| Q4 25 | 11.1% | 0.2% | ||
| Q3 25 | 2.9% | 0.5% | ||
| Q2 25 | 4.1% | 0.7% | ||
| Q1 25 | 2.1% | 0.2% | ||
| Q4 24 | 12.8% | 0.2% | ||
| Q3 24 | 2.9% | 0.9% | ||
| Q2 24 | 3.1% | 2.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.13× | — | ||
| Q3 25 | 1.04× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 2.03× | — | ||
| Q4 24 | 3.42× | — | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 0.47× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IBCP
| Net Interest Income | $46.9M | 80% |
| Noninterest Income | $12.0M | 20% |
MYPS
Segment breakdown not available.
