vs
Side-by-side financial comparison of INDEPENDENT BANK CORP (IBCP) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.
INDEPENDENT BANK CORP is the larger business by last-quarter revenue ($58.9M vs $39.4M, roughly 1.5× SANDRIDGE ENERGY INC). SANDRIDGE ENERGY INC runs the higher net margin — 54.9% vs 28.6%, a 26.3% gap on every dollar of revenue. Over the past eight quarters, SANDRIDGE ENERGY INC's revenue compounded faster (14.1% 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.
SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.
IBCP vs SD — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.9M | $39.4M |
| Net Profit | $16.9M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | — | 38.5% |
| Net Margin | 28.6% | 54.9% |
| Revenue YoY | — | 1.1% |
| Net Profit YoY | 8.2% | 23.1% |
| EPS (diluted) | $0.81 | $0.59 |
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 | $39.4M | ||
| Q3 25 | $57.3M | $39.8M | ||
| Q2 25 | $55.9M | $34.5M | ||
| Q1 25 | $54.1M | $42.6M | ||
| Q4 24 | $62.0M | $39.0M | ||
| Q3 24 | $51.4M | $30.1M | ||
| Q2 24 | $56.5M | $26.0M |
| Q1 26 | $16.9M | — | ||
| Q4 25 | $18.6M | $21.6M | ||
| Q3 25 | $17.5M | $16.0M | ||
| Q2 25 | $16.9M | $19.6M | ||
| Q1 25 | $15.6M | $13.0M | ||
| Q4 24 | $18.5M | $17.6M | ||
| Q3 24 | $13.8M | $25.5M | ||
| Q2 24 | $18.5M | $8.8M |
| Q1 26 | — | — | ||
| Q4 25 | 34.8% | 38.5% | ||
| Q3 25 | 37.0% | 37.8% | ||
| Q2 25 | 37.0% | 53.7% | ||
| Q1 25 | 35.3% | 28.6% | ||
| Q4 24 | 36.7% | 25.9% | ||
| Q3 24 | 33.7% | 28.3% | ||
| Q2 24 | 41.0% | 23.9% |
| Q1 26 | 28.6% | — | ||
| Q4 25 | 31.8% | 54.9% | ||
| Q3 25 | 30.5% | 40.1% | ||
| Q2 25 | 30.2% | 56.6% | ||
| Q1 25 | 28.8% | 30.6% | ||
| Q4 24 | 29.8% | 45.1% | ||
| Q3 24 | 26.9% | 84.8% | ||
| Q2 24 | 32.8% | 33.9% |
| Q1 26 | $0.81 | — | ||
| Q4 25 | $0.88 | $0.59 | ||
| Q3 25 | $0.84 | $0.43 | ||
| Q2 25 | $0.81 | $0.53 | ||
| Q1 25 | $0.74 | $0.35 | ||
| Q4 24 | $0.87 | $0.46 | ||
| Q3 24 | $0.65 | $0.69 | ||
| Q2 24 | $0.88 | $0.24 |
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 | $111.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $510.6M | $510.9M |
| Total Assets | $5.6B | $644.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $174.9M | — | ||
| Q4 25 | $138.4M | $111.0M | ||
| Q3 25 | $208.7M | $101.2M | ||
| Q2 25 | $146.2M | $102.8M | ||
| Q1 25 | $128.1M | $99.7M | ||
| Q4 24 | $119.9M | $98.1M | ||
| Q3 24 | $121.6M | $92.7M | ||
| Q2 24 | $214.3M | $209.9M |
| Q1 26 | $510.6M | — | ||
| Q4 25 | $503.0M | $510.9M | ||
| Q3 25 | $490.7M | $492.4M | ||
| Q2 25 | $469.3M | $480.2M | ||
| Q1 25 | $467.3M | $464.9M | ||
| Q4 24 | $454.7M | $460.5M | ||
| Q3 24 | $452.4M | $446.8M | ||
| Q2 24 | $430.5M | $424.8M |
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.5B | $644.0M | ||
| Q3 25 | $5.5B | $619.0M | ||
| Q2 25 | $5.4B | $602.3M | ||
| Q1 25 | $5.3B | $588.3M | ||
| Q4 24 | $5.3B | $581.5M | ||
| Q3 24 | $5.3B | $565.2M | ||
| Q2 24 | $5.3B | $529.6M |
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 | — | $31.7M |
| Free Cash FlowOCF − Capex | — | $14.4M |
| FCF MarginFCF / Revenue | — | 36.6% |
| Capex IntensityCapex / Revenue | — | 43.8% |
| Cash ConversionOCF / Net Profit | — | 1.46× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.7M | $31.7M | ||
| Q3 25 | $18.2M | $25.3M | ||
| Q2 25 | $19.0M | $22.9M | ||
| Q1 25 | $31.7M | $20.3M | ||
| Q4 24 | $63.2M | $26.0M | ||
| Q3 24 | $17.2M | $20.8M | ||
| Q2 24 | $8.7M | $11.4M |
| Q1 26 | — | — | ||
| Q4 25 | $70.2M | $14.4M | ||
| Q3 25 | $16.5M | $5.9M | ||
| Q2 25 | $16.7M | $7.3M | ||
| Q1 25 | $30.6M | $13.9M | ||
| Q4 24 | $55.2M | $13.2M | ||
| Q3 24 | $15.7M | $10.8M | ||
| Q2 24 | $7.0M | $9.0M |
| Q1 26 | — | — | ||
| Q4 25 | 120.3% | 36.6% | ||
| Q3 25 | 28.9% | 14.9% | ||
| Q2 25 | 29.8% | 21.0% | ||
| Q1 25 | 56.5% | 32.7% | ||
| Q4 24 | 89.1% | 33.8% | ||
| Q3 24 | 30.6% | 36.1% | ||
| Q2 24 | 12.3% | 34.5% |
| Q1 26 | — | — | ||
| Q4 25 | 11.1% | 43.8% | ||
| Q3 25 | 2.9% | 48.6% | ||
| Q2 25 | 4.1% | 45.2% | ||
| Q1 25 | 2.1% | 15.0% | ||
| Q4 24 | 12.8% | 32.9% | ||
| Q3 24 | 2.9% | 33.3% | ||
| Q2 24 | 3.1% | 9.4% |
| Q1 26 | — | — | ||
| Q4 25 | 4.13× | 1.46× | ||
| Q3 25 | 1.04× | 1.58× | ||
| Q2 25 | 1.12× | 1.17× | ||
| Q1 25 | 2.03× | 1.56× | ||
| Q4 24 | 3.42× | 1.48× | ||
| Q3 24 | 1.25× | 0.82× | ||
| Q2 24 | 0.47× | 1.30× |
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% |
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
