---
schema_version: "secwatch.filing_event.v1"
accession: "0000039311-23-000071"
form_type: "8-K"
ticker: "IBCP"
cik: "0000039311"
company_name: "INDEPENDENT BANK CORP /MI/"
filed_at: "2023-07-25T23:59:59+00:00"
generated_at: "2026-06-13T03:31:05.356860+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Independent Bank Corp Q2 net income $14.8M ($0.70 EPS); loans up 13.9% annualized

## Summary
- Q2 net income $14.8M ($0.70 diluted) vs $13.0M ($0.61) in Q2 2022.
- Net interest income $38.4M, up 6.3% YoY; net interest margin 3.26% unchanged.
- Loans grew $121.3M (13.9% annualized) to $3.63B; deposits up $108.6M.
- Non-performing loans 0.11% of portfolio; allowance for credit losses 1.49%.
- Six-month net income $27.8M ($1.31 diluted) vs $31.0M ($1.45) year-ago.

## SEC filing metadata
- accession: 0000039311-23-000071
- form_type: 8-K
- ticker: IBCP
- cik: 0000039311
- company_name: INDEPENDENT BANK CORP /MI/
- filed_at: 2023-07-25T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39311/000003931123000071/0000039311-23-000071-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39311/000003931123000071/ibcp-20230725.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039311-23-000071
- JSON: https://secwatch.observer/filing/0000039311-23-000071.json
- Plain text: https://secwatch.observer/filing/0000039311-23-000071.txt

## Key facts
- Earnings Releases
  INDEPENDENT BANK CORP /MI/ reported second quarter 2023 results: net income $14.8 million, EPS $0.70 per diluted share.
  - Period: second quarter 2023
  - Net income: $14.8 million
  - EPS: $0.70 per diluted share
  - Result: reported results
  source text: Independent Bank Corporation (NASDAQ: IBCP) reported second quarter 2023 net income of $14.8 million, or $0.70 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/39311/000003931123000071/0000039311-23-000071-index.htm
- Earnings Releases
  INDEPENDENT BANK CORP /MI/ reported the six months ended June 30, 2023 results: net income $27.8 million, EPS $1.31 per diluted share.
  - Period: the six months ended June 30, 2023
  - Net income: $27.8 million
  - EPS: $1.31 per diluted share
  - Result: reported results
  source text: For the six months ended June 30, 2023, the Company reported net income of $27.8 million, or $1.31 per diluted share
  evidence_url: https://www.sec.gov/Archives/edgar/data/39311/000003931123000071/0000039311-23-000071-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.