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Side-by-side financial comparison of INDEPENDENT BANK CORP (IBCP) and WIDEPOINT CORP (WYY). Click either name above to swap in a different company.
INDEPENDENT BANK CORP is the larger business by last-quarter revenue ($58.9M vs $42.3M, roughly 1.4× WIDEPOINT CORP). INDEPENDENT BANK CORP runs the higher net margin — 28.6% vs -2.0%, a 30.7% gap on every dollar of revenue. Over the past eight quarters, WIDEPOINT CORP's revenue compounded faster (11.2% 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.
WidePoint Corporation is an American company based in Fairfax, Virginia that provides technology-based products and services to the government sector and commercial markets in the United States. The company holds a patent for a digital parsing tool that allows users to access accounts through a secure repository gateway, established using asymmetric authentication employed as public key infrastructure (PKI). WidePoint provides smart card identity verification, wireless expense management, pen...
IBCP vs WYY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $58.9M | $42.3M |
| Net Profit | $16.9M | $-849.4K |
| Gross Margin | — | 13.8% |
| Operating Margin | — | -1.9% |
| Net Margin | 28.6% | -2.0% |
| Revenue YoY | — | 12.3% |
| Net Profit YoY | 8.2% | -138.3% |
| EPS (diluted) | $0.81 | $-0.08 |
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 | $42.3M | ||
| Q3 25 | $57.3M | $36.1M | ||
| Q2 25 | $55.9M | $37.9M | ||
| Q1 25 | $54.1M | $34.2M | ||
| Q4 24 | $62.0M | $37.7M | ||
| Q3 24 | $51.4M | $34.6M | ||
| Q2 24 | $56.5M | $36.0M |
| Q1 26 | $16.9M | — | ||
| Q4 25 | $18.6M | $-849.4K | ||
| Q3 25 | $17.5M | $-559.2K | ||
| Q2 25 | $16.9M | $-618.5K | ||
| Q1 25 | $15.6M | $-724.1K | ||
| Q4 24 | $18.5M | $-356.4K | ||
| Q3 24 | $13.8M | $-425.2K | ||
| Q2 24 | $18.5M | $-499.6K |
| Q1 26 | — | — | ||
| Q4 25 | — | 13.8% | ||
| Q3 25 | — | 14.6% | ||
| Q2 25 | — | 13.5% | ||
| Q1 25 | — | 14.0% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 13.6% | ||
| Q2 24 | — | 13.6% |
| Q1 26 | — | — | ||
| Q4 25 | 34.8% | -1.9% | ||
| Q3 25 | 37.0% | -1.3% | ||
| Q2 25 | 37.0% | -1.9% | ||
| Q1 25 | 35.3% | -2.4% | ||
| Q4 24 | 36.7% | -0.8% | ||
| Q3 24 | 33.7% | -1.3% | ||
| Q2 24 | 41.0% | -1.3% |
| Q1 26 | 28.6% | — | ||
| Q4 25 | 31.8% | -2.0% | ||
| Q3 25 | 30.5% | -1.5% | ||
| Q2 25 | 30.2% | -1.6% | ||
| Q1 25 | 28.8% | -2.1% | ||
| Q4 24 | 29.8% | -0.9% | ||
| Q3 24 | 26.9% | -1.2% | ||
| Q2 24 | 32.8% | -1.4% |
| Q1 26 | $0.81 | — | ||
| Q4 25 | $0.88 | $-0.08 | ||
| Q3 25 | $0.84 | $-0.06 | ||
| Q2 25 | $0.81 | $-0.06 | ||
| Q1 25 | $0.74 | $-0.08 | ||
| Q4 24 | $0.87 | $-0.05 | ||
| Q3 24 | $0.65 | $-0.04 | ||
| Q2 24 | $0.88 | $-0.05 |
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 | $9.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $510.6M | $11.5M |
| Total Assets | $5.6B | $79.8M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $174.9M | — | ||
| Q4 25 | $138.4M | $9.8M | ||
| Q3 25 | $208.7M | $12.1M | ||
| Q2 25 | $146.2M | $6.8M | ||
| Q1 25 | $128.1M | $3.7M | ||
| Q4 24 | $119.9M | $6.8M | ||
| Q3 24 | $121.6M | — | ||
| Q2 24 | $214.3M | — |
| Q1 26 | $510.6M | — | ||
| Q4 25 | $503.0M | $11.5M | ||
| Q3 25 | $490.7M | $12.2M | ||
| Q2 25 | $469.3M | $12.6M | ||
| Q1 25 | $467.3M | $13.0M | ||
| Q4 24 | $454.7M | $13.6M | ||
| Q3 24 | $452.4M | $13.8M | ||
| Q2 24 | $430.5M | $14.0M |
| Q1 26 | $5.6B | — | ||
| Q4 25 | $5.5B | $79.8M | ||
| Q3 25 | $5.5B | $70.6M | ||
| Q2 25 | $5.4B | $76.6M | ||
| Q1 25 | $5.3B | $71.4M | ||
| Q4 24 | $5.3B | $71.6M | ||
| Q3 24 | $5.3B | $56.9M | ||
| Q2 24 | $5.3B | $58.6M |
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 | — | $-173.5K |
| Free Cash FlowOCF − Capex | — | $-270.0K |
| FCF MarginFCF / Revenue | — | -0.6% |
| Capex IntensityCapex / Revenue | — | 0.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $5.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $76.7M | $-173.5K | ||
| Q3 25 | $18.2M | $5.9M | ||
| Q2 25 | $19.0M | $3.2M | ||
| Q1 25 | $31.7M | $-3.2M | ||
| Q4 24 | $63.2M | $2.4M | ||
| Q3 24 | $17.2M | $1.9M | ||
| Q2 24 | $8.7M | $-1.1M |
| Q1 26 | — | — | ||
| Q4 25 | $70.2M | $-270.0K | ||
| Q3 25 | $16.5M | $5.9M | ||
| Q2 25 | $16.7M | $3.1M | ||
| Q1 25 | $30.6M | $-3.3M | ||
| Q4 24 | $55.2M | $2.4M | ||
| Q3 24 | $15.7M | $1.8M | ||
| Q2 24 | $7.0M | $-1.1M |
| Q1 26 | — | — | ||
| Q4 25 | 120.3% | -0.6% | ||
| Q3 25 | 28.9% | 16.4% | ||
| Q2 25 | 29.8% | 8.1% | ||
| Q1 25 | 56.5% | -9.5% | ||
| Q4 24 | 89.1% | 6.4% | ||
| Q3 24 | 30.6% | 5.3% | ||
| Q2 24 | 12.3% | -3.0% |
| Q1 26 | — | — | ||
| Q4 25 | 11.1% | 0.2% | ||
| Q3 25 | 2.9% | 0.1% | ||
| Q2 25 | 4.1% | 0.2% | ||
| Q1 25 | 2.1% | 0.1% | ||
| Q4 24 | 12.8% | 0.1% | ||
| Q3 24 | 2.9% | 0.2% | ||
| Q2 24 | 3.1% | 0.0% |
| 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% |
WYY
| Carrier Services | $26.8M | 63% |
| Managed Services | $15.5M | 37% |
