IBCP Independent Bank Corporation - Common Stock
$37.78
Price · Aug 19, 2026
Fundamentals as of Aug 5, 2026
52W Range
$30–$39
84% of range
Analyst Rating
HOLD
10 analysts
Price Target
$40
+7% upside
P/E (TTM)
11.6
ROE
14.1%
Net Profit Margin
213.7%
IBCP Stock Snapshot Price, market cap, P/E, EPS, ROE, debt/equity, 52-week range
Price
$37.78
Market Cap
$776M
P/E (TTM)
11.6
EPS (TTM)
$3.27
Revenue (TTM)
$32M
Div Yield
2.8%
ROE
14.1%
Debt/Equity
—
52W Range
$30 – $39
IBCP Stock Price Chart Daily OHLCV with technical indicators — pan, zoom, and customize your view
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10-Year Performance Revenue, net income, margins and EPS trends
Revenue & Net Income
$32M
2021-12-31
→
2025-12-31
EPS
$3.27
2021-12-31
→
2025-12-31
Free Cash Flow
$70M
2021-12-31
→
2025-12-31
Margins
213.7%
Valuation P/E, P/S, P/B, EV/EBITDA ratios — is the stock expensive or cheap?
Metric
5Y trend
IBCP
Peer Median
P/E (TTM)
11.6
11.9
P/S (TTM)
24.2
1.9
P/B
1.5
1.0
Price / FCF
11.1
—
Profitability Gross, operating and net margins; ROE, ROA, ROIC
Metric
5Y trend
IBCP
Peer Median
Net Profit Margin
213.7%
27.3%
ROA
1.3%
1.1%
ROE
14.1%
11.1%
Financial Health Debt, liquidity, solvency — balance sheet strength
Metric
5Y trend
IBCP
Peer Median
Growth Revenue, EPS and net income growth: YoY, 3Y CAGR, 5Y CAGR
Metric
5Y trend
IBCP
Peer Median
Revenue YoY
0.30%
—
Revenue CAGR 3Y
0.45%
—
Revenue CAGR 5Y
5.9%
—
EPS YoY
3.5%
—
Net Income YoY
2.6%
—
Capital Efficiency Asset turnover, inventory turnover, receivables turnover
Metric
5Y trend
IBCP
Peer Median
Payout Ratio
31.5%
—
Dividends Yield, payout ratio, dividend history, 5Y CAGR
Dividend Yield
2.8%
Payout Ratio
31.5%
5Y Div CAGR
—
| Ex-date | Amount |
|---|---|
| Aug. 4, 2026 | $0.2800 |
| May 4, 2026 | $0.2800 |
| Feb. 3, 2026 | $0.2800 |
| Nov. 4, 2025 | $0.2600 |
| Aug. 5, 2025 | $0.2600 |
| May 5, 2025 | $0.2600 |
| Feb. 4, 2025 | $0.2600 |
| Nov. 5, 2024 | $0.2400 |
| Aug. 5, 2024 | $0.2400 |
| May 2, 2024 | $0.2400 |
| Feb. 2, 2024 | $0.2400 |
| Nov. 2, 2023 | $0.2300 |
| Aug. 3, 2023 | $0.2300 |
| May 4, 2023 | $0.2300 |
| Feb. 15, 2023 | $0.2300 |
| Nov. 3, 2022 | $0.2200 |
| Aug. 4, 2022 | $0.2200 |
| May 4, 2022 | $0.2200 |
| Feb. 3, 2022 | $0.2200 |
| Nov. 4, 2021 | $0.2100 |
IBCP Analyst Consensus Bullish and bearish analyst opinions, 12-month price target, upside
HOLD
10 analysts
- Strong Buy 0 0.0%
- Buy 0 0.0%
- Hold 7 70.0%
- Sell 1 10.0%
- Strong Sell 2 20.0%
12-Month Price Target
5 analysts · 2026-08-15
Median
$41.00
Mean
$40.40
← Below all targets
$37.78
Low
$38.00
High
$42.00
Median target
$41.00
+8.5%
Mean target
$40.40
+6.9%
Earnings History EPS actual vs estimate, surprise %, beat rate, next earnings date
Avg Surprise
0.01%
| Period | EPS Actual | EPS Est | Surprise |
|---|---|---|---|
| June 30, 2026 | $0.90 | $0.86 | 0.04% |
| March 31, 2026 | $0.81 | $0.80 | 0.01% |
| Dec. 31, 2025 | $0.89 | $0.86 | 0.03% |
| Sept. 30, 2025 | $0.84 | $0.86 | -0.02% |
| June 30, 2025 | $0.81 | $0.81 | 0.00% |
| March 31, 2025 | $0.74 | $0.71 | 0.03% |
Peer comparison (GICS sub-industry) Key metrics vs sector peers
| Ticker | Market Cap | P/E | Rev YoY | Net Margin | ROE | Gross Margin |
|---|---|---|---|---|---|---|
| IBCP | $668M | 9.9 | 0.30% | 213.7% | 14.1% | — |
| GSBC | $681M | 9.9 | 4.4% | 30.9% | 11.5% | — |
| EGBN | $650M | -4.7 | -3.1% | -46.1% | -11.9% | — |
| SPFI | $632M | 11.3 | 8.6% | 27.6% | 12.3% | — |
| ORRF | $691M | 8.5 | 36.0% | 217.7% | 14.2% | — |
| SMBC | — | 10.6 | 11.1% | 32.1% | 11.3% | — |
| FISI | $617M | 8.6 | 109.5% | 30.6% | 12.2% | — |
| PGC | $489M | 13.3 | 24.1% | 13.2% | 5.8% | — |
| TFC | $62.13B | 12.9 | 53.0% | 26.1% | 8.2% | — |
Full Fundamentals All metrics by year — income statement, balance sheet, cash flow
Income Statement 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $32M | $32M | $33M | $32M | $29M | $24M | $26M | $27M | |
| Interest Expense | · | · | $83M | $19M | $8M | $16M | $26M | $17M | |
| Interest Income | $270M | $267M | $240M | $169M | $138M | $140M | $149M | $131M | |
| Pretax Income | $81M | $83M | $74M | $78M | $77M | $69M | $58M | $49M | |
| Income Tax | $13M | $16M | $15M | $14M | $14M | $13M | $11M | $9M | |
| Net Income | $69M | $67M | $59M | $63M | $63M | $56M | $46M | $40M | |
| EPS (Basic) | $3.30 | $3.20 | $2.82 | $3.00 | $2.91 | $2.56 | $2.03 | $1.70 | |
| EPS (Diluted) | $3.27 | $3.16 | $2.79 | $2.97 | $2.88 | $2.53 | $2.00 | $1.68 | |
| Shares (Basic) | 20,758,000 | 20,892,000 | 20,976,000 | 21,096,000 | 21,585,000 | 21,977,000 | 22,894,000 | 23,412,000 | |
| EBITDA | $10M | $10M | $10M | $11M | $12M | $9M | $6M | $6M |
Balance Sheet 14
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $138M | $120M | $170M | $74M | $109M | $119M | $65M | $70M | |
| PP&E (Net) | $39M | $37M | $36M | $36M | $36M | $36M | $38M | $39M | |
| PP&E (Gross) | $168M | $161M | $156M | $154M | $151M | $147M | $146M | $143M | |
| Accum. Depreciation | $129M | $124M | $121M | $118M | $115M | $111M | $108M | $104M | |
| Goodwill | $28M | $28M | $28M | $28M | $28M | $28M | $28M | $28M | |
| Intangibles | $1M | $1M | $2M | $3M | $3M | $4M | $5M | $6M | |
| Total Assets | $5.51B | $5.34B | $5.26B | $5.00B | $4.70B | $4.20B | $3.56B | $3.35B | |
| Total Liabilities | $5.00B | $4.88B | $4.86B | $4.65B | $4.31B | $3.81B | $3.21B | $3.01B | |
| Common Stock | $308M | $319M | $317M | $321M | $323M | $339M | $352M | $377M | |
| Retained Earnings | $253M | $206M | $159M | $119M | $75M | $40M | $2M | $-28M | |
| AOCI | $-58M | $-70M | $-72M | $-93M | $501.0K | $10M | $-4M | $-10M | |
| Stockholders' Equity | $503M | $455M | $404M | $348M | $398M | $390M | $350M | $339M | |
| Liabilities + Equity | $5.51B | $5.34B | $5.26B | $5.00B | $4.70B | $4.20B | $3.56B | $3.35B | |
| Shares Outstanding | 20,548,893 | 20,895,714 | 20,835,633 | 21,063,971 | 21,171,036 | 21,853,800 | 22,481,643 | 23,579,725 |
Cash Flow 16
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| D&A | $10M | $10M | $10M | $11M | $12M | $9M | $6M | $6M | |
| Stock-based Comp | $3M | $2M | $2M | $2M | $2M | $2M | $2M | $2M | |
| Deferred Tax | $-4M | $-1M | $215.0K | $-359.0K | $2M | $-2M | $1M | $9M | |
| Amort. of Intangibles | $500.0K | $500.0K | $500.0K | $800.0K | $1M | $1M | $1M | $1M | |
| Other Non-cash | $-970.0K | $-15M | $4M | $19M | $31M | $-7M | $-21M | $-12M | |
| Operating Cash Flow | $77M | $63M | $76M | $95M | $110M | $59M | $34M | $45M | |
| CapEx | $6M | $8M | $6M | $6M | $6M | $4M | $5M | $4M | |
| Investing Cash Flow | $-122M | $-118M | $-163M | $-425M | $-563M | $-554M | $-182M | $-183M | |
| Stock Issued | $0 | $13.0K | $70.0K | $77.0K | $61.0K | $15.0K | $284.0K | $267.0K | |
| Stock Repurchased | $12M | $0 | $5M | $4M | $17M | $14M | $26M | $13M | |
| Net Stock Activity | $-12M | $13.0K | $-5M | $-4M | $-17M | $-14M | $-26M | $-12M | |
| Dividends Paid | $22M | $20M | $19M | $19M | $18M | $18M | $17M | $14M | |
| Financing Cash Flow | $64M | $5M | $183M | $295M | $444M | $549M | $143M | $154M | |
| Net Change in Cash | · | · | · | · | · | · | · | $16M | |
| Free Cash Flow | $70M | $55M | $70M | $89M | $104M | $54M | $29M | $41M | |
| Levered FCF | · | · | $3M | $73M | $98M | $41M | $8M | $27M |
Profitability 5
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 213.7% | 208.9% | 179.5% | 200.2% | 216.2% | 233.7% | 178.9% | 146.9% | |
| Pretax Margin | 253.4% | 259.7% | 223.9% | 245.8% | 265.7% | 289.2% | 222.6% | 181.1% | |
| EBITDA Margin | 30.9% | 31.3% | 30.4% | 34.2% | 41.7% | 38.1% | 23.4% | 22.2% | |
| ROA | 1.3% | 1.3% | 1.1% | 1.3% | 1.4% | 1.5% | 1.3% | 1.3% | |
| ROE | 14.1% | 14.7% | 15.2% | 18.6% | 15.8% | 14.7% | 13.5% | 11.7% |
Efficiency 1
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
Growth Rates 10
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue YoY | 0.30% | -2.8% | 4.0% | 8.8% | 21.1% | · | · | · | |
| Revenue CAGR 3Y | 0.45% | 3.2% | 11.1% | · | · | · | · | · | |
| Revenue CAGR 5Y | 5.9% | · | · | · | · | · | · | · | |
| EPS YoY | 3.5% | 13.3% | -6.1% | 3.1% | 13.8% | · | · | · | |
| EPS CAGR 3Y | 3.3% | 3.1% | 3.3% | · | · | · | · | · | |
| EPS CAGR 5Y | 5.3% | · | · | · | · | · | · | · | |
| Net Income YoY | 2.6% | 13.1% | -6.8% | 0.73% | 12.0% | · | · | · | |
| Net Income CAGR 3Y | 2.7% | 2.0% | 1.7% | · | · | · | · | · | |
| Net Income CAGR 5Y | 4.1% | · | · | · | · | · | · | · | |
| Dividend CAGR 5Y | 4.2% | · | · | · | · | · | · | · |
Valuation (TTM) 13
| Metric | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $32M | $32M | $33M | $32M | $29M | $24M | $26M | $27M | |
| Net Income TTM | $69M | $67M | $59M | $63M | $63M | $56M | $46M | $40M | |
| Market Cap | $668M | $728M | $542M | $504M | $505M | $404M | $509M | $496M | |
| P/E | 9.9 | 11.0 | 9.3 | 8.1 | 8.3 | 7.3 | 11.3 | 12.5 | |
| P/S | 20.8 | 22.8 | 16.5 | 15.9 | 17.4 | 16.8 | 19.6 | 18.3 | |
| P/B | 1.3 | 1.6 | 1.3 | 1.4 | 1.3 | 1.0 | 1.5 | 1.5 | |
| P / Tangible Book | 1.4 | 1.7 | 1.4 | 1.6 | 1.4 | 1.1 | · | · | |
| P / Cash Flow | 8.7 | 11.5 | 7.2 | 5.3 | 4.6 | 6.9 | 15.0 | 11.0 | |
| P / FCF | 9.5 | 13.2 | 7.8 | 5.7 | 4.8 | 7.5 | 17.5 | 12.1 | |
| Dividend Yield | 3.2% | 2.8% | 3.6% | 3.7% | 3.6% | 4.4% | 3.2% | 2.8% | |
| Earnings Yield | 10.1% | 9.1% | 10.7% | 12.4% | 12.1% | 13.7% | 8.8% | 8.0% | |
| Payout Ratio | 31.5% | 30.0% | 32.7% | 29.3% | 28.9% | 31.4% | 35.6% | 35.3% | |
| Annual Payout | $22M | $20M | $19M | $19M | $18M | $18M | $17M | $14M |
Income Statement 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8M | $8M | $8M | $9M | $8M | $7M | $8M | $9M | $8M | $8M | $8M | $9M | $8M | $8M | $8M | $9M | |
| Interest Expense | · | · | · | · | · | · | · | · | · | $25M | · | $23M | $20M | $15M | · | $5M | |
| Interest Income | $67M | $66M | $67M | $69M | $67M | $66M | $67M | $68M | $66M | $65M | $65M | $62M | $58M | $54M | $51M | $45M | |
| Pretax Income | $23M | $20M | $20M | $21M | $21M | $19M | $23M | $17M | $23M | $20M | $18M | $22M | $18M | $16M | $19M | $21M | |
| Income Tax | $4M | $3M | $2M | $4M | $4M | $4M | $4M | $3M | $5M | $4M | $4M | $4M | $3M | $3M | $4M | $4M | |
| Net Income | $19M | $17M | $19M | $18M | $17M | $16M | $18M | $14M | $19M | $16M | $14M | $18M | $15M | $13M | $15M | $17M | |
| EPS (Basic) | $0.91 | $0.82 | $0.90 | $0.85 | $0.81 | $0.74 | $0.88 | $0.66 | $0.89 | $0.77 | $0.66 | $0.84 | $0.70 | $0.62 | $0.71 | $0.82 | |
| EPS (Diluted) | $0.90 | $0.81 | $0.89 | $0.84 | $0.81 | $0.74 | $0.87 | $0.65 | $0.88 | $0.76 | $0.65 | $0.83 | $0.70 | $0.61 | $0.71 | $0.81 | |
| Shares (Basic) | 20,604,000 | 20,575,000 | -41,637,000 | 20,702,000 | 20,750,000 | 20,943,000 | -41,783,000 | 20,896,000 | 20,902,000 | 20,877,000 | -42,091,000 | 20,922,000 | 21,041,000 | 21,104,000 | -42,224,000 | 21,058,000 | |
| Shares (Diluted) | 20,807,000 | 20,780,000 | · | · | 20,946,000 | 21,150,000 | · | · | · | · | · | · | · | · | · | · | |
| EBITDA | · | $2M | · | · | · | $2M | · | · | · | $3M | · | · | · | $2M | · | · |
Balance Sheet 14
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $165M | $175M | $138M | $209M | $146M | $128M | $120M | $122M | $214M | $162M | · | $127M | $129M | $227M | · | $71M | |
| PP&E (Net) | $45M | $42M | $39M | $39M | $38M | $37M | $37M | $35M | $35M | $35M | · | $35M | $36M | $36M | · | $36M | |
| PP&E (Gross) | · | · | $168M | · | · | · | $161M | · | · | · | · | · | · | · | · | · | |
| Accum. Depreciation | · | · | $129M | · | · | · | $124M | · | · | · | · | · | · | · | · | · | |
| Goodwill | $28M | $28M | $28M | $28M | $28M | $28M | $28M | $28M | $28M | $28M | · | $28M | $28M | $28M | · | $28M | |
| Intangibles | $771.0K | $886.0K | $1M | $1M | $1M | $1M | $1M | $2M | $2M | $2M | · | $2M | $2M | $2M | · | $3M | |
| Total Assets | $5.66B | $5.56B | $5.51B | $5.49B | $5.42B | $5.33B | $5.34B | $5.26B | $5.28B | $5.23B | $5.26B | $5.20B | $5.14B | $5.14B | $5.00B | $4.93B | |
| Total Liabilities | $5.14B | $5.05B | $5.00B | $5.00B | $4.95B | $4.86B | $4.88B | $4.81B | $4.85B | $4.82B | · | $4.83B | $4.76B | $4.77B | · | $4.60B | |
| Common Stock | $308M | $308M | $308M | $312M | $312M | $318M | $319M | $318M | $318M | $317M | · | $317M | $318M | $321M | · | $320M | |
| Retained Earnings | $277M | $264M | $253M | $240M | $227M | $216M | $206M | $192M | $184M | $170M | · | $150M | $137M | $127M | · | $109M | |
| AOCI | $-56M | $-61M | $-58M | $-61M | $-70M | $-67M | $-70M | $-58M | $-71M | $-72M | · | $-92M | $-81M | $-81M | · | $-97M | |
| Stockholders' Equity | $528M | $511M | $503M | $491M | $469M | $467M | $455M | $452M | $430M | $416M | $404M | $375M | $375M | $368M | $348M | $332M | |
| Liabilities + Equity | $5.66B | $5.56B | $5.51B | $5.49B | $5.42B | $5.33B | $5.34B | $5.26B | $5.28B | $5.23B | · | $5.20B | $5.14B | $5.14B | · | $4.93B | |
| Shares Outstanding | 20,602,535 | 20,585,805 | 20,548,893 | 20,691,604 | 20,715,650 | 20,970,115 | 20,895,714 | 20,893,800 | 20,899,358 | 20,903,677 | · | 20,850,455 | 20,943,694 | 21,138,303 | · | 21,063,954 |
Cash Flow 13
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| D&A | $2M | $2M | $2M | $3M | $2M | $2M | $2M | $3M | $3M | $3M | $3M | $3M | $3M | $2M | $2M | $3M | |
| Stock-based Comp | $675.0K | $688.0K | $748.0K | $571.0K | $639.0K | $758.0K | $588.0K | $574.0K | $579.0K | $591.0K | $559.0K | $624.0K | $477.0K | $569.0K | $554.0K | $535.0K | |
| Other Non-cash | · | $-29M | · | · | · | $13M | · | · | · | $2M | · | · | · | $8M | · | · | |
| Operating Cash Flow | $20M | $-9M | $8M | $18M | $19M | $19M | $16M | $17M | $9M | $21M | $17M | $25M | $10M | $23M | $827.0K | $33M | |
| CapEx | $4M | $5M | $1M | $2M | $2M | $1M | $4M | $1M | $2M | $676.0K | $2M | $1M | $2M | $1M | $2M | $1M | |
| Investing Cash Flow | $-105M | $-17M | $-46M | $-10M | $-71M | $16M | $-85M | $-67M | $17M | $18M | $-7M | $-79M | $-82M | $5M | $-44M | $-115M | |
| Stock Issued | · | · | · | · | · | · | $13.0K | $0 | $0 | $0 | $-1.0K | $0 | $23.0K | $48.0K | $3.0K | $42.0K | |
| Stock Repurchased | $0 | $0 | $5M | $413.0K | $7M | $33.0K | $0 | $0 | $0 | $0 | $194.0K | $2M | $3M | $0 | $0 | $0 | |
| Net Stock Activity | · | $0 | · | · | · | $-33.0K | · | · | · | $0 | · | · | · | $48.0K | · | · | |
| Dividends Paid | $6M | $6M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | $5M | |
| Financing Cash Flow | $75M | $62M | $-33M | $54M | $70M | $-27M | $67M | $-43M | $27M | $-46M | $32M | $51M | $-25M | $124M | $47M | $93M | |
| Free Cash Flow | · | $-14M | · | · | · | $31M | · | · | · | $20M | · | · | · | $22M | · | · | |
| Levered FCF | · | · | · | · | · | · | · | · | · | $45.0K | · | · | · | $10M | · | · |
Profitability 5
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Margin | 229.2% | 222.4% | · | 196.2% | 214.2% | 212.3% | · | 156.3% | 234.6% | 211.1% | · | 192.6% | 183.3% | 171.7% | · | 202.9% | |
| Pretax Margin | 276.8% | 266.6% | · | 237.4% | 262.5% | 260.5% | · | 195.7% | 293.4% | 261.7% | · | 237.7% | 225.6% | 209.8% | · | 249.3% | |
| EBITDA Margin | · | 31.3% | · | · | · | 32.0% | · | · | · | 33.1% | · | · | · | 32.1% | · | · | |
| ROA | 0.34% | 0.31% | · | 0.33% | 0.32% | 0.30% | · | 0.26% | 0.36% | 0.31% | · | 0.35% | 0.30% | 0.26% | · | 0.36% | |
| ROE | 3.8% | 3.5% | · | 3.7% | 3.8% | 3.5% | · | 3.3% | 4.6% | 4.1% | · | 5.0% | 4.2% | 3.6% | · | 4.7% |
Efficiency 1
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Asset Turnover | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 | 0.0 | 0.0 | · | 0.0 |
Valuation (TTM) 11
| Metric | Trend | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 | Q3 2024 | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 | Q3 2022 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue TTM | $33M | $32M | · | $33M | $32M | $32M | · | $33M | $33M | $32M | · | $33M | $32M | $31M | · | $32M | |
| Net Income TTM | $72M | $70M | · | $68M | $65M | $66M | · | $66M | $67M | $61M | · | $63M | $58M | $61M | · | $64M | |
| Market Cap | $743M | $686M | · | $641M | $671M | $646M | · | $697M | $564M | $530M | · | $382M | $355M | $376M | · | $402M | |
| P/E | 10.5 | 9.9 | · | 9.5 | 10.6 | 9.8 | · | 10.7 | 8.5 | 8.7 | · | 6.2 | 6.2 | 6.2 | · | 6.4 | |
| P/S | 22.8 | 21.6 | · | 19.4 | 21.0 | 20.4 | · | 20.9 | 17.3 | 16.4 | · | 11.5 | 11.1 | 12.0 | · | 12.5 | |
| P/B | 1.4 | 1.3 | · | 1.3 | 1.4 | 1.4 | · | 1.5 | 1.3 | 1.3 | · | 1.0 | 0.9 | 1.0 | · | 1.2 | |
| P / Tangible Book | 1.5 | 1.4 | · | 1.4 | 1.5 | 1.5 | · | 1.6 | 1.4 | 1.4 | · | 1.1 | 1.0 | 1.1 | · | 1.3 | |
| P / Cash Flow | · | -74.9 | · | · | · | 20.4 | · | · | · | 25.4 | · | · | · | 15.9 | · | · | |
| P / FCF | · | -49.8 | · | · | · | 21.1 | · | · | · | 26.3 | · | · | · | 16.9 | · | · | |
| Earnings Yield | 9.5% | 10.1% | · | 10.5% | 9.5% | 10.2% | · | 9.4% | 11.7% | 11.4% | · | 16.1% | 16.1% | 16.2% | · | 15.7% | |
| Payout Ratio | · | 34.2% | · | · | · | 34.9% | · | · | · | 31.3% | · | · | · | 37.4% | · | · |
Financial Statements Income statement, balance sheet, cash flow — annual, last 5 years
Income Statement
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Revenue | $32M | — | — | $32M | — |
| Net Income | $69M | — | — | $67M | — |
| Diluted EPS | $3.27 | — | — | $3.16 | — |
Cash Flow
| 2025-12-31 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | |
|---|---|---|---|---|---|
| Free Cash Flow | $70M | — | — | $55M | — |
Latest News Recent headlines mentioning this company
Trading Signals Recent buy/sell signals with entry price and risk/reward ratio
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Institutional owners (13F) 200 filers · $426.9M total · As of June 30, 2026
Institutions that report holding this stock in their quarterly SEC Form 13F. Long positions only; a single filer may appear twice for separate option legs. Large offsetting put/call legs typically reflect market-making or hedged inventory, not directional conviction.
Institutional activity — Q2 2026 vs prior quarter
| New positions | Exited positions | Increased | Decreased | Net shares change |
|---|---|---|---|---|
| 42 (+18 vs prior Q) | 20 (-4 vs prior Q) | 66 (+2 vs prior Q) | 34 (-7 vs prior Q) | +1.8M |
Compared to Q1 2026. SEC Form 13F filings are due within 45 days of quarter-end plus a short buffer for late filers — quarters still inside that window are skipped in favor of the most recent fully-reported pair.
| Institution | Value | Shares | % of tracked 13F | Type |
|---|---|---|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC | $31,728,074 | 879,625 | 7.43% | Shares |
| DIMENSIONAL FUND ADVISORS LP | $30,094,863 | 834,346 | 7.05% | Shares |
| STATE STREET CORP | $29,738,380 | 824,463 | 6.97% | Shares |
| AMERICAN CENTURY COMPANIES INC | $28,170,406 | 780,992 | 6.60% | Shares |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $25,166,905 | 697,724 | 5.90% | Shares |
| RENAISSANCE TECHNOLOGIES LLC | $22,273,225 | 617,500 | 5.22% | Shares |
| GEODE CAPITAL MANAGEMENT, LLC | $16,651,953 | 461,544 | 3.90% | Shares |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | $13,718,215 | 380,322 | 3.21% | Shares |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $12,502,728 | 346,624 | 2.93% | Shares |
| Qube Research & Technologies Ltd | $12,214,492 | 338,633 | 2.86% | Shares |
| PL Capital Advisors, LLC | $11,505,789 | 318,985 | 2.70% | Shares |
| TWO SIGMA INVESTMENTS, LP | $11,493,273 | 318,638 | 2.69% | Shares |
| PRINCIPAL FINANCIAL GROUP INC | $9,836,686 | 272,711 | 2.30% | Shares |
| BlackRock, Inc. | $8,583,686 | 237,973 | 2.01% | Shares |
| Allspring Global Investments Holdings, LLC | $7,932,731 | 219,926 | 1.86% | Shares |
| GOLDMAN SACHS GROUP INC | $7,629,995 | 211,533 | 1.79% | Shares |
| CITADEL ADVISORS LLC | $7,472,766 | 207,174 | 1.75% | Shares |
| FJ Capital Management LLC | $7,344,104 | 203,607 | 1.72% | Shares |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | $7,312,038 | 202,718 | 1.71% | Shares |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC | $6,916,423 | 191,750 | 1.62% | Shares |
| ProShare Advisors LLC | $6,902,427 | 191,362 | 1.62% | Shares |
| Foundry Partners, LLC | $6,522,708 | 211,845 | 1.53% | Shares |
| FEDERATED HERMES, INC. | $6,046,162 | 167,623 | 1.42% | Shares |
| Ategra Capital Management, LLC | $5,021,774 | 139,223 | 1.18% | Shares |
| VANGUARD FIDUCIARY TRUST CO | $4,862,344 | 134,803 | 1.14% | Shares |
| Nuveen Asset Management, LLC | $4,389,590 | 126,029 | 1.03% | Shares |
| BNP PARIBAS FINANCIAL MARKETS | $3,719,971 | 103,132 | 0.87% | Shares |
| JACOBS LEVY EQUITY MANAGEMENT, INC | $3,673,333 | 101,839 | 0.86% | Shares |
| TWO SIGMA ADVISERS, LP | $3,575,047 | 109,900 | 0.84% | Shares |
| AMERIPRISE FINANCIAL INC | $2,886,900 | 80,036 | 0.68% | Shares |
| BARCLAYS PLC | $2,791,565 | 77,393 | 0.65% | Shares |
| BANK OF AMERICA CORP /DE/ | $2,749,580 | 76,229 | 0.64% | Shares |
| HSBC HOLDINGS PLC | $2,665,693 | 74,150 | 0.62% | Shares |
| Point72 Asset Management, L.P. | $2,539,725 | 70,411 | 0.59% | Shares |
| JPMORGAN CHASE & CO | $2,243,850 | 62,260 | 0.53% | Shares |
| MILLENNIUM MANAGEMENT LLC | $2,212,209 | 61,331 | 0.52% | Shares |
| VICTORY CAPITAL MANAGEMENT INC | $2,125,749 | 58,934 | 0.50% | Shares |
| BRIDGEWAY CAPITAL MANAGEMENT, LLC | $2,105,478 | 58,372 | 0.49% | Shares |
| Man Group plc | $2,080,049 | 57,667 | 0.49% | Shares |
| Quantinno Capital Management LP | $1,930,161 | 53,511 | 0.45% | Shares |
| Empowered Funds, LLC | $1,860,202 | 51,572 | 0.44% | Shares |
| Bank of New York Mellon Corp | $1,645,622 | 45,623 | 0.39% | Shares |
| Swiss National Bank | $1,417,551 | 39,300 | 0.33% | Shares |
| Campbell & CO Investment Adviser LLC | $1,398,650 | 38,776 | 0.33% | Shares |
| Connor, Clark & Lunn Investment Management Ltd. | $1,288,096 | 35,711 | 0.30% | Shares |
| State of New Jersey Common Pension Fund D | $1,208,201 | 33,496 | 0.28% | Shares |
| PRUDENTIAL FINANCIAL INC | $1,173,357 | 32,530 | 0.27% | Shares |
| MARTINGALE ASSET MANAGEMENT L P | $1,136,350 | 31,504 | 0.27% | Shares |
| Skopos Labs, Inc. | $1,098,567 | 32,990 | 0.26% | Shares |
| Y-Intercept (Hong Kong) Ltd | $1,095,987 | 30,385 | 0.26% | Shares |
| GLOBEFLEX CAPITAL L P | $1,054,254 | 29,228 | 0.25% | Shares |
| BAILARD, INC. | $1,004,910 | 27,860 | 0.24% | Shares |
| D. E. Shaw & Co., Inc. | $999,103 | 27,699 | 0.23% | Shares |
| HUDSON EDGE INVESTMENT PARTNERS INC. | $953,114 | 26,424 | 0.22% | Shares |
| Atom Investors LP | $910,263 | 25,236 | 0.21% | Shares |
| RHUMBLINE ADVISERS | $898,929 | 24,922 | 0.21% | Shares |
| FRANKLIN RESOURCES INC | $870,622 | 24,137 | 0.20% | Shares |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | $823,609 | 24,733 | 0.19% | Shares |
| WEDGE CAPITAL MANAGEMENT L L P/NC | $819,613 | 24,613 | 0.19% | Shares |
| SummerHaven Investment Management, LLC | $775,180 | 21,491 | 0.18% | Shares |
| Brandywine Global Investment Management, LLC | $765,691 | 23,538 | 0.18% | Shares |
| DEUTSCHE BANK AG\ | $759,959 | 21,069 | 0.18% | Shares |
| Cetera Investment Advisers | $735,821 | 20,399 | 0.17% | Shares |
| ALLIANCEBERNSTEIN L.P. | $722,377 | 21,693 | 0.17% | Shares |
| Integrated Wealth Concepts LLC | $673,325 | 18,667 | 0.16% | Shares |
| Cubist Systematic Strategies, LLC | $667,364 | 21,546 | 0.16% | Shares |
| MALTESE CAPITAL MANAGEMENT LLC | $662,931 | 18,379 | 0.16% | Shares |
| Mariner, LLC | $657,652 | 18,233 | 0.15% | Shares |
| Mirae Asset Global Investments Co., Ltd. | $621,089 | 17,219 | 0.15% | Shares |
| Odyssean, LLC | $609,655 | 16,902 | 0.14% | Shares |
| WELLS FARGO & COMPANY/MN | $606,265 | 16,808 | 0.14% | Shares |
| Universal- Beteiligungs- und Servicegesellschaft mbH | $580,655 | 16,098 | 0.14% | Shares |
| Rafferty Asset Management, LLC | $516,162 | 14,310 | 0.12% | Shares |
| Rockefeller Capital Management L.P. | $505,557 | 14,016 | 0.12% | Shares |
| AlphaQuest LLC | $494,911 | 15,214 | 0.12% | Shares |
| ALLSTATE CORP | $458,089 | 12,700 | 0.11% | Shares |
| Rehmann Capital Advisory Group | $453,420 | 13,616 | 0.11% | Shares |
| Schonfeld Strategic Advisors LLC | $441,279 | 12,234 | 0.10% | Shares |
| VANGUARD ASSET MANAGEMENT, Ltd | $434,824 | 12,055 | 0.10% | Shares |
| MetLife Investment Management, LLC | $423,570 | 11,743 | 0.10% | Shares |
| RAYMOND JAMES FINANCIAL INC | $414,474 | 11,491 | 0.10% | Shares |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | $412,677 | 11,441 | 0.10% | Shares |
| Quadrature Capital Ltd | $376,535 | 10,439 | 0.09% | Shares |
| EVERGREEN CAPITAL MANAGEMENT LLC | $375,958 | 10,423 | 0.09% | Shares |
| Entropy Technologies, LP | $375,128 | 10,400 | 0.09% | Shares |
| Vanguard Global Advisers, LLC | $375,020 | 10,397 | 0.09% | Shares |
| Boston Partners | $365,320 | 10,128 | 0.09% | Shares |
| IEQ CAPITAL, LLC | $358,446 | 9,938 | 0.08% | Shares |
| ENVESTNET ASSET MANAGEMENT INC | $356,446 | 9,882 | 0.08% | Shares |
| Zurcher Kantonalbank (Zurich Cantonalbank) | $352,873 | 9,783 | 0.08% | Shares |
| CANADA PENSION PLAN INVESTMENT BOARD | $346,272 | 9,600 | 0.08% | Shares |
| MERCER GLOBAL ADVISORS INC /ADV | $336,136 | 9,319 | 0.08% | Shares |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | $333,323 | 9,241 | 0.08% | Shares |
| LJI Wealth Management, LLC | $324,630 | 9,000 | 0.08% | Shares |
| NEW YORK STATE COMMON RETIREMENT FUND | $316,262 | 8,768 | 0.07% | Shares |
| JANUS HENDERSON GROUP PLC | $309,143 | 9,278 | 0.07% | Shares |
| XTX Topco Ltd | $308,976 | 8,566 | 0.07% | Shares |
| Vanguard Investments Australia, Ltd. | $296,856 | 8,230 | 0.07% | Shares |
| Corient Private Wealth LP | $294,910 | 8,176 | 0.07% | Shares |
| Invesco Ltd. | $293,393 | 8,134 | 0.07% | Shares |
Company insiders 41 insiders · 18 officers · 19 directors
| Insider | Role | Last activity | Shares owned | Buys 12m | Sells 12m | Net 12m |
|---|---|---|---|---|---|---|
| Stephen A. Erickson | Executive Vice President & CFO | June 23, 2020 D | 0 | 0 | 0 | $0 |
| Ronald L Long | President of Affiliate Bank | April 24, 2007 A | 6,708 | 0 | 0 | $0 |
| Edward B Swanson | President of Affiliate Bank | Dec. 15, 2005 A | 42,125 | 0 | 0 | $0 |
| Patrick J Ervin | Executive Vice President | June 9, 2026 S | 34,720 | 0 | 1 | $-27,628 |
| Stefanie M Kimball | Executive Vice President | May 29, 2026 S | 64,327 | 0 | 2 | $-93,884 |
| Christopher S Michaels | Executive Vice President | Feb. 6, 2026 F | 11,399 | 0 | 0 | $0 |
| Gavin A. Mohr | Executive Vice President | Aug. 5, 2025 P | 23,826 | 0 | 0 | $0 |
| Larry R Daniel Jr | Executive Vice President | Feb. 19, 2025 M | 24,230 | 0 | 0 | $0 |
| Kristopher Kreter | First Vice Pres. & Controller | Feb. 4, 2025 A | 2,861 | 0 | 0 | $0 |
| Dennis J Mack | Executive Vice President | Jan. 23, 2021 M | 38,060 | 0 | 0 | $0 |
| Robert N Shuster | Executive Vice President | Jan. 31, 2020 F | 36,044 | 0 | 0 | $0 |
| David C Reglin | Executive Vice President | Jan. 22, 2019 A | 76,817 | 0 | 0 | $0 |
| Mark L Collins | Executive Vice President | March 16, 2017 S | 56,682 | 0 | 0 | $0 |
| Richard E/ Butler | Senior Vice President | Jan. 21, 2016 A | 3,545 | 0 | 0 | $0 |
| Peter R Graves | Senior Vice President | Jan. 21, 2016 A | 4,484 | 0 | 0 | $0 |
| Shelby L Reno | Senior Vice President | April 24, 2007 A | 1,220 | 0 | 0 | $0 |
| Dean M Morse | Senior Vice President | April 24, 2007 A | 4,780 | 0 | 0 | $0 |
| Laurinda M Neve | Senior Vice President | April 24, 2007 A | 1,033 | 0 | 0 | $0 |
| Ronia F Kruse | Director | July 1, 2026 A | 1,000 | 0 | 0 | $0 |
| Michael J Cok | Director | July 1, 2026 A | — | 0 | 0 | $0 |
| Christina Keller | Director | July 1, 2026 A | 4,163 | 0 | 0 | $0 |
| Michael G. Wooldridge | Director | July 1, 2026 A | — | 0 | 0 | $0 |
| William J Boer | Director | July 1, 2026 A | 17,074 | 0 | 0 | $0 |
| Dennis W. Archer Jr | Director | May 14, 2026 A | 11,000 | 0 | 0 | $0 |
| Joan A Budden | Director | May 14, 2026 A | 5,703 | 0 | 0 | $0 |
| GULIS STEPHEN L JR | Director | May 14, 2026 A | 0 | 0 | 0 | $0 |
| Terance L Beia | Director | June 13, 2025 P | 40,001 | 0 | 0 | $0 |
| Michael M Magee JR | Director | April 29, 2025 S | 8,381 | 0 | 0 | $0 |
| Matthew J Missad | Director | April 1, 2024 A | 7,326 | 0 | 0 | $0 |
| Terry L Haske | Director | Nov. 15, 2019 A | 30,538 | 0 | 0 | $0 |
| James E Mccarty | Director | Feb. 15, 2018 A | 19,188 | 0 | 0 | $0 |
| Charles C Van Loan | Director | March 1, 2017 S | 43,299 | 0 | 0 | $0 |
| Robert L Hetzler | Director | Dec. 8, 2014 S | 1,000 | 0 | 0 | $0 |
| Charles A Palmer | Director | Oct. 1, 2014 A | 71,885 | 0 | 0 | $0 |
| Jeffrey A Bratsburg | Director | Oct. 1, 2013 A | 6,450 | 0 | 0 | $0 |
| Donna J Banks | Director | July 1, 2013 A | 46,339 | 0 | 0 | $0 |
| Arch V Wright JR | Director | Jan. 20, 2004 M | 95,106 | 0 | 0 | $0 |
| James J Twarozynski | — | Aug. 10, 2026 S | 8,195 | 0 | 2 | $-33,798 |
| Nathaniel Ernest Tagg | — | July 31, 2026 A | — | 0 | 0 | $0 |
| Joel F Rahn | — | April 6, 2026 M | 29,526 | 0 | 0 | $0 |
| William B Kessel | — | April 6, 2026 M | 159,836 | 0 | 0 | $0 |
Insiders from SEC Form 3/4/5 filings; net = open-market P/S only
Activists & 5%+ owners 1 position
Investors who filed SEC Schedule 13D — beneficial ownership above 5% with an intent to influence the issuer (activist stakes, board campaigns, M&A). Each row shows the most recent known state of that filer's position.
| Filer | Filed | Stake | Status | Purpose | Filing |
|---|---|---|---|---|---|
| PL Capital Advisors, LLC, Richard J. Lashley, John W. Palmer ×3 filings | May 22, 2019 | — | Initial filing | — | SEC |
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
ETF ownership Held by 49 ETFs
Weight reflects direct equity holdings (N-PORT) only; leveraged or derivative-based funds may hold additional swap exposure not shown.
| Fund | Weight | Units | As of | Source |
|---|---|---|---|---|
| SMDV · ProShares Trust | 0.96% | 182,458 NS | May 31, 2026 | N-PORT |
| IWC · iShares Trust | 0.18% | 67,964 SH | Aug. 8, 2026 | Daily |
| VFQY · VANGUARD WELLINGTON FUND | 0.13% | 16,558 SH | Aug. 8, 2026 | Daily |
| VFMF · VANGUARD WELLINGTON FUND | 0.13% | 24,435 SH | Aug. 8, 2026 | Daily |
| DPST · Direxion Shares ETF Trust | 0.11% | 15,806 NS | April 30, 2026 | N-PORT |
| ROSC · Lattice Strategies Trust | 0.09% | 1,506 NS | April 30, 2026 | N-PORT |
| ESML · iShares Trust | 0.08% | 63,247 SH | Aug. 8, 2026 | Daily |
| AVUV · AMERICAN CENTURY ETF TRUST | 0.08% | 633,476 NS | May 31, 2026 | N-PORT |
| GSSC · Goldman Sachs ETF Trust | 0.07% | 19,765 NS | May 31, 2026 | N-PORT |
| AVSC · AMERICAN CENTURY ETF TRUST | 0.06% | 45,420 NS | May 31, 2026 | N-PORT |
| VFVA · VANGUARD WELLINGTON FUND | 0.05% | 11,742 SH | Aug. 8, 2026 | Daily |
| VTWV · VANGUARD SCOTTSDALE FUNDS | 0.05% | 17,494 SH | Aug. 8, 2026 | Daily |
| IWN · iShares Trust | 0.05% | 186,332 SH | Aug. 8, 2026 | Daily |
| DFAT · Dimensional ETF Trust | 0.03% | 114,868 NS | April 30, 2026 | N-PORT |
| IWM · iShares Trust | 0.02% | 500,656 SH | Aug. 8, 2026 | Daily |
| OMFS · Invesco Exchange-Traded Self-Indexe… | 0.02% | 1,775 SH | Aug. 8, 2026 | Daily |
| PRFZ · Invesco Exchange-Traded Fund Trust | 0.02% | 16,611 SH | Aug. 8, 2026 | Daily |
| RSSL · Global X Funds | 0.02% | 8,628 NS | April 30, 2026 | N-PORT |
| VTWO · VANGUARD SCOTTSDALE FUNDS | 0.02% | 115,451 SH | Aug. 8, 2026 | Daily |
| NUSC · Nushares ETF Trust | 0.02% | 7,687 NS | April 30, 2026 | N-PORT |
| SCHD · SCHWAB STRATEGIC TRUST | 0.02% | 486,125 NS | May 31, 2026 | N-PORT |
| ITWO · ProShares Trust | 0.02% | 941 NS | May 31, 2026 | N-PORT |
| DFAS · Dimensional ETF Trust | 0.02% | 68,427 NS | April 30, 2026 | N-PORT |
| SCHA · SCHWAB STRATEGIC TRUST | 0.01% | 98,828 NS | May 31, 2026 | N-PORT |
| DFSV · Dimensional ETF Trust | 0.01% | 23,819 NS | April 30, 2026 | N-PORT |
| UWM · ProShares Trust | 0.01% | 735 NS | May 31, 2026 | N-PORT |
| VXF · VANGUARD INDEX FUNDS | 0.01% | 237,297 SH | Aug. 8, 2026 | Daily |
| VFH · VANGUARD WORLD FUND | 0.01% | 32,251 SH | Aug. 8, 2026 | Daily |
| FNCL · FIDELITY COVINGTON TRUST | 0.01% | 5,175 NS | April 30, 2026 | N-PORT |
| URTY · ProShares Trust | 0.01% | 743 NS | May 31, 2026 | N-PORT |
| MSSM · MORGAN STANLEY PATHWAY FUNDS | 0.00% | 869 NS | May 31, 2026 | N-PORT |
| DXUV · Dimensional ETF Trust | 0.00% | 420 NS | April 30, 2026 | N-PORT |
| DFAC · Dimensional ETF Trust | 0.00% | 43,596 NS | April 30, 2026 | N-PORT |
| AVUS · AMERICAN CENTURY ETF TRUST | 0.00% | 12,465 NS | May 31, 2026 | N-PORT |
| HDG · ProShares Trust | 0.00% | 19 NS | May 31, 2026 | N-PORT |
| PFM · Invesco Exchange-Traded Fund Trust | 0.00% | 586 SH | Aug. 8, 2026 | Daily |
| EBI · RBB Fund Trust | 0.00% | 524 NS | May 31, 2026 | N-PORT |
| WSML · iShares Trust | 0.00% | 443 SH | Aug. 8, 2026 | Daily |
| DCOR · Dimensional ETF Trust | 0.00% | 2,017 NS | April 30, 2026 | N-PORT |
| ITOT · iShares Trust | 0.00% | 33,749 SH | Aug. 8, 2026 | Daily |
| DFUS · Dimensional ETF Trust | 0.00% | 7,643 NS | April 30, 2026 | N-PORT |
| DFAU · Dimensional ETF Trust | 0.00% | 4,157 NS | April 30, 2026 | N-PORT |
| IWV · iShares Trust | 0.00% | 5,031 SH | Aug. 8, 2026 | Daily |
| SCHB · SCHWAB STRATEGIC TRUST | 0.00% | 12,311 NS | May 31, 2026 | N-PORT |
| DFSU · Dimensional ETF Trust | 0.00% | 522 NS | April 30, 2026 | N-PORT |
| AVSU · AMERICAN CENTURY ETF TRUST | 0.00% | 44 NS | May 31, 2026 | N-PORT |
| VTI · VANGUARD INDEX FUNDS | 0.00% | 622,500 SH | Aug. 8, 2026 | Daily |
| VIG · VANGUARD SPECIALIZED FUNDS | 0.00% | 116,425 SH | Aug. 8, 2026 | Daily |
| VTHR · VANGUARD SCOTTSDALE FUNDS | 0.00% | 1,623 SH | Aug. 8, 2026 | Daily |