{"schema_version":"secwatch.filing_event.v1","accession":"0000039311-23-000088","form_type":"8-K","ticker":"IBCP","cik":"0000039311","company_name":"INDEPENDENT BANK CORP /MI/","filed_at":"2023-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.681456+00:00","generated_at":"2026-06-09T14:59:58.958882+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Independent Bank Corp Q3 net income $17.5M ($0.83 EPS); loan growth 12.1% annualized","bullets":["Q3 2023 net income $17.5M ($0.83 diluted EPS) vs $17.3M ($0.81) a year ago; nine-month EPS $2.14 vs $2.27.","Net interest income $39.4M, up 2.8% linked quarter but down 1.2% YoY; net interest margin 3.25% vs 3.49% YoY.","Loans grew $110.4M (12.1% annualized) and core deposits $112.6M (10.5% annualized) from June 30, 2023.","Total assets $5.20B, up $200M from Dec 2022; shareholders' equity $375M (7.21% of assets).","Provision for credit losses on loans $1.4M expense vs $3.1M a year ago; non-performing loans 0.13% of portfolio."],"urls":{"canonical":"https://secwatch.observer/filing/0000039311-23-000088","json":"https://secwatch.observer/filing/0000039311-23-000088.json","markdown":"https://secwatch.observer/filing/0000039311-23-000088.md","text":"https://secwatch.observer/filing/0000039311-23-000088.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39311/000003931123000088/0000039311-23-000088-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39311/000003931123000088/ibcp-20231024.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T14:59:58.958882+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":"eac160d70dd22164edae0e8df2736cfa53ded05e","claim":"INDEPENDENT BANK CORP /MI/ reported the quarter ended September 30, 2023 results: net income $17.5 million, EPS $0.83 per diluted share.","evidence_excerpt":"Independent Bank Corporation (NASDAQ: IBCP) reported third quarter 2023 net income of $17.5 million, or $0.83 per diluted share, versus net income of $17.3 million, or $0.81 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/39311/000003931123000088/0000039311-23-000088-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended September 30, 2023"},{"label":"Net income","value":"$17.5 million"},{"label":"EPS","value":"$0.83 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"}