{"schema_version":"secwatch.filing_event.v1","accession":"0000039311-23-000018","form_type":"8-K","ticker":"IBCP","cik":"0000039311","company_name":"INDEPENDENT BANK CORP /MI/","filed_at":"2023-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.651856+00:00","generated_at":"2026-06-20T08:36:41.946025+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"IBCP Q4 net income $15.1M (+20.6% YoY), EPS $0.71; net interest margin 3.52%; commercial loans up 16.5% annualized","bullets":["Net income $15.1M ($0.71 diluted EPS) vs $12.5M ($0.58) in Q4 2021; full year $63.4M ($2.97) vs $62.9M ($2.88).","Net interest income $40.6M (+18.4% YoY); net interest margin 3.52% vs 3.13% prior year quarter.","Commercial loans grew $58.6M net (16.5% annualized); total loans $3.47B, up from $2.91B year ago.","Mortgage banking revenue declined: net gain on mortgage loans $1.5M vs $5.6M; servicing income $0.7M vs $1.3M.","Board authorized 2023 share repurchase of up to 1.1M shares (~5% of outstanding); tangible book $15.04/share."],"urls":{"canonical":"https://secwatch.observer/filing/0000039311-23-000018","json":"https://secwatch.observer/filing/0000039311-23-000018.json","markdown":"https://secwatch.observer/filing/0000039311-23-000018.md","text":"https://secwatch.observer/filing/0000039311-23-000018.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39311/000003931123000018/0000039311-23-000018-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39311/000003931123000018/ibcp-20230126.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T08:36:41.946025+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"72152c964f7fda98acc12d0410b5202b17620be6","claim":"INDEPENDENT BANK CORP /MI/ reported the year ended December 31, 2022 results: net income $63.4 million, EPS $2.97 per diluted share.","evidence_excerpt":"For the year ended December 31, 2022, the Company reported net income of $63.4 million, or $2.97 per diluted share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39311/000003931123000018/0000039311-23-000018-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the year ended December 31, 2022"},{"label":"Net income","value":"$63.4 million"},{"label":"EPS","value":"$2.97 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"95d3b9125fc2bec8691eb56540de835e9082fa51","claim":"INDEPENDENT BANK CORP /MI/ reported the quarter ended December 31, 2022 results: net income $15.1 million, EPS $0.71 per diluted share.","evidence_excerpt":"Independent Bank Corporation issued a press release announcing its financial results for the quarter ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39311/000003931123000018/0000039311-23-000018-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended December 31, 2022"},{"label":"Net income","value":"$15.1 million"},{"label":"EPS","value":"$0.71 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}