{"schema_version":"secwatch.filing_event.v1","accession":"0000039311-23-000055","form_type":"8-K","ticker":"IBCP","cik":"0000039311","company_name":"INDEPENDENT BANK CORP /MI/","filed_at":"2023-04-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.838222+00:00","generated_at":"2026-06-16T09:44:07.813647+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Independent Bank Q1 net income $13.0M ($0.61 EPS) vs $18.0M ($0.84) YoY; net interest margin 3.33%","bullets":["Net interest income $38.4M, up 16.5% YoY, but down 5.3% from Q4 2022; net interest margin 3.33%.","Core deposit growth $93M (9.1% annualized); total deposits up $165.7M; loans grew $44.5M (5.2% annualized).","Provision for credit losses on loans was a credit of $0.8M; $3.0M provision on HTM securities due to defaulted sub debt.","Non-interest income fell to $10.6M from $18.9M YoY primarily due to mortgage servicing fair value changes.","Tangible book value per share $15.94, up $0.90 from Q4 2022; regulatory capital ratios exceed well-capitalized minimums."],"urls":{"canonical":"https://secwatch.observer/filing/0000039311-23-000055","json":"https://secwatch.observer/filing/0000039311-23-000055.json","markdown":"https://secwatch.observer/filing/0000039311-23-000055.md","text":"https://secwatch.observer/filing/0000039311-23-000055.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39311/000003931123000055/0000039311-23-000055-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39311/000003931123000055/ibcp-20230427.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-16T09:44:07.813647+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":"09af61eb2ef091bfc5a17397335774bd8d11e250","claim":"INDEPENDENT BANK CORP /MI/ reported the quarter ended March 31, 2023 results: net income $13.0 million, EPS $0.61 per diluted share.","evidence_excerpt":"Independent Bank Corporation (NASDAQ: IBCP) reported first quarter 2023 net income of $13.0 million, or $0.61 per diluted share, versus net income of $18.0 million, or $0.84 per diluted share, in the prior-year period.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39311/000003931123000055/0000039311-23-000055-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2023"},{"label":"Net income","value":"$13.0 million"},{"label":"EPS","value":"$0.61 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"}