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Side-by-side financial comparison of INDEPENDENT BANK CORP (IBCP) and REGIS CORP (RGS). Click either name above to swap in a different company.
INDEPENDENT BANK CORP is the larger business by last-quarter revenue ($58.9M vs $57.1M, roughly 1.0× REGIS CORP). INDEPENDENT BANK CORP runs the higher net margin — 28.6% vs 0.8%, a 27.9% gap on every dollar of revenue. Over the past eight quarters, REGIS CORP's revenue compounded faster (7.8% CAGR vs 2.1%).
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
REGIS CORPRGSEarnings & Financial Report
Regis Corporation is an American operator of hair salons. As of August 2021, it has 5,563 franchised and 276 company-owned salons. Its headquarters are in Minneapolis, Minnesota.
IBCP vs RGS — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $58.9M | $57.1M |
| Net Profit | $16.9M | $456.0K |
| Gross Margin | — | — |
| Operating Margin | — | 10.8% |
| Net Margin | 28.6% | 0.8% |
| Revenue YoY | — | 22.3% |
| Net Profit YoY | 8.2% | -94.0% |
| EPS (diluted) | $0.81 | $0.16 |
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 | $57.1M | ||
| Q3 25 | $57.3M | $59.0M | ||
| Q2 25 | $55.9M | $60.4M | ||
| Q1 25 | $54.1M | $57.0M | ||
| Q4 24 | $62.0M | $46.7M | ||
| Q3 24 | $51.4M | $46.1M | ||
| Q2 24 | $56.5M | $49.4M |
| Q1 26 | $16.9M | — | ||
| Q4 25 | $18.6M | $456.0K | ||
| Q3 25 | $17.5M | $1.4M | ||
| Q2 25 | $16.9M | $116.5M | ||
| Q1 25 | $15.6M | $250.0K | ||
| Q4 24 | $18.5M | $7.6M | ||
| Q3 24 | $13.8M | $-853.0K | ||
| Q2 24 | $18.5M | $91.2M |
| Q1 26 | — | — | ||
| Q4 25 | 34.8% | 10.8% | ||
| Q3 25 | 37.0% | 10.0% | ||
| Q2 25 | 37.0% | 12.1% | ||
| Q1 25 | 35.3% | 8.8% | ||
| Q4 24 | 36.7% | 11.8% | ||
| Q3 24 | 33.7% | 4.6% | ||
| Q2 24 | 41.0% | — |
| Q1 26 | 28.6% | — | ||
| Q4 25 | 31.8% | 0.8% | ||
| Q3 25 | 30.5% | 2.3% | ||
| Q2 25 | 30.2% | 192.9% | ||
| Q1 25 | 28.8% | 0.4% | ||
| Q4 24 | 29.8% | 16.4% | ||
| Q3 24 | 26.9% | -1.9% | ||
| Q2 24 | 32.8% | 184.7% |
| Q1 26 | $0.81 | — | ||
| Q4 25 | $0.88 | $0.16 | ||
| Q3 25 | $0.84 | $0.49 | ||
| Q2 25 | $0.81 | $43.67 | ||
| Q1 25 | $0.74 | $0.08 | ||
| Q4 24 | $0.87 | $2.71 | ||
| Q3 24 | $0.65 | $-0.36 | ||
| Q2 24 | $0.88 | $38.40 |
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 | $18.4M |
| Total DebtLower is stronger | — | $113.3M |
| Stockholders' EquityBook value | $510.6M | $188.7M |
| Total Assets | $5.6B | $588.3M |
| Debt / EquityLower = less leverage | — | 0.60× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $174.9M | — | ||
| Q4 25 | $138.4M | $18.4M | ||
| Q3 25 | $208.7M | $16.6M | ||
| Q2 25 | $146.2M | $17.0M | ||
| Q1 25 | $128.1M | $13.3M | ||
| Q4 24 | $119.9M | $10.2M | ||
| Q3 24 | $121.6M | $6.3M | ||
| Q2 24 | $214.3M | $10.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $113.3M | ||
| Q3 25 | — | $111.3M | ||
| Q2 25 | — | $110.8M | ||
| Q1 25 | — | $112.0M | ||
| Q4 24 | — | $111.5M | ||
| Q3 24 | — | $95.2M | ||
| Q2 24 | — | $99.5M |
| Q1 26 | $510.6M | — | ||
| Q4 25 | $503.0M | $188.7M | ||
| Q3 25 | $490.7M | $187.6M | ||
| Q2 25 | $469.3M | $185.6M | ||
| Q1 25 | $467.3M | $68.6M | ||
| Q4 24 | $454.7M | $66.7M | ||
| Q3 24 | $452.4M | $56.4M | ||
| Q2 24 | $430.5M | $56.8M |
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.5B | $588.3M | ||
| Q3 25 | $5.5B | $592.1M | ||
| Q2 25 | $5.4B | $599.0M | ||
| Q1 25 | $5.3B | $511.2M | ||
| Q4 24 | $5.3B | $530.1M | ||
| Q3 24 | $5.3B | $508.9M | ||
| Q2 24 | $5.3B | $530.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.60× | ||
| Q3 25 | — | 0.59× | ||
| Q2 25 | — | 0.60× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.67× | ||
| Q3 24 | — | 1.69× | ||
| Q2 24 | — | 1.75× |
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 | — | $1.7M |
| Free Cash FlowOCF − Capex | — | $891.0K |
| FCF MarginFCF / Revenue | — | 1.6% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | 3.65× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.7M | $1.7M | ||
| Q3 25 | $18.2M | $2.3M | ||
| Q2 25 | $19.0M | $6.8M | ||
| Q1 25 | $31.7M | $6.2M | ||
| Q4 24 | $63.2M | $2.1M | ||
| Q3 24 | $17.2M | $-1.3M | ||
| Q2 24 | $8.7M | $5.1M |
| Q1 26 | — | — | ||
| Q4 25 | $70.2M | $891.0K | ||
| Q3 25 | $16.5M | $1.9M | ||
| Q2 25 | $16.7M | $6.2M | ||
| Q1 25 | $30.6M | $5.9M | ||
| Q4 24 | $55.2M | $1.7M | ||
| Q3 24 | $15.7M | $-1.4M | ||
| Q2 24 | $7.0M | $5.1M |
| Q1 26 | — | — | ||
| Q4 25 | 120.3% | 1.6% | ||
| Q3 25 | 28.9% | 3.2% | ||
| Q2 25 | 29.8% | 10.3% | ||
| Q1 25 | 56.5% | 10.3% | ||
| Q4 24 | 89.1% | 3.6% | ||
| Q3 24 | 30.6% | -3.0% | ||
| Q2 24 | 12.3% | 10.3% |
| Q1 26 | — | — | ||
| Q4 25 | 11.1% | 1.4% | ||
| Q3 25 | 2.9% | 0.7% | ||
| Q2 25 | 4.1% | 0.9% | ||
| Q1 25 | 2.1% | 0.6% | ||
| Q4 24 | 12.8% | 0.9% | ||
| Q3 24 | 2.9% | 0.0% | ||
| Q2 24 | 3.1% | 0.0% |
| Q1 26 | — | — | ||
| Q4 25 | 4.13× | 3.65× | ||
| Q3 25 | 1.04× | 1.68× | ||
| Q2 25 | 1.12× | 0.06× | ||
| Q1 25 | 2.03× | 24.80× | ||
| Q4 24 | 3.42× | 0.28× | ||
| Q3 24 | 1.25× | — | ||
| Q2 24 | 0.47× | 0.06× |
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% |
RGS
| Franchise Segment | $37.9M | 66% |
| Royalty | $13.6M | 24% |
| Other | $2.8M | 5% |
| Fees | $1.8M | 3% |
| Franchise Fees | $1.0M | 2% |
