{"schema_version":"secwatch.filing_event.v1","accession":"0000039311-24-000013","form_type":"8-K","ticker":"IBCP","cik":"0000039311","company_name":"INDEPENDENT BANK CORP /MI/","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:26.606180+00:00","generated_at":"2026-06-06T18:40:58.924104+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"IBCP Q4 net income $13.7M ($0.65 EPS) vs $15.1M year ago; loans up 5.2% annualized","bullets":["Net interest income $40.1M, up 1.7% linked quarter; net interest margin 3.26% vs 3.52% year ago.","Non-interest income $9.1M, driven by $2.0M mortgage gains offset by $2.4M servicing loss.","Non-performing loans $5.23M (0.14% of loans); provision credit of $0.6M; allowance 1.44% of loans.","Tangible book value $17.96 per share, up $1.43 from Q3; 2024 share repurchase plan up to 1.1M shares.","Full year 2023 net income $59.1M ($2.79 EPS) vs $63.4M ($2.97 EPS) in 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0000039311-24-000013","json":"https://secwatch.observer/filing/0000039311-24-000013.json","markdown":"https://secwatch.observer/filing/0000039311-24-000013.md","text":"https://secwatch.observer/filing/0000039311-24-000013.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39311/000003931124000013/0000039311-24-000013-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39311/000003931124000013/ibcp-20240125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T18:40:58.924104+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":"02726c19adf73fae3c2ce522ecb517e8dba3c6c9","claim":"INDEPENDENT BANK CORP /MI/ reported year ended December 31, 2023 results: net income net income of $59.1 million, EPS $2.79 per diluted share.","evidence_excerpt":"For the year ended December 31, 2023, the Company reported net income of $59.1 million, or $2.79 per diluted share, compared to net income of $63.4 million, or $2.97 per diluted share, in 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39311/000003931124000013/0000039311-24-000013-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"year ended December 31, 2023"},{"label":"Net income","value":"net income of $59.1 million"},{"label":"EPS","value":"$2.79 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"b02b4bc66e88c9340e8e118dcd59cea61910bc9f","claim":"INDEPENDENT BANK CORP /MI/ reported quarter ended December 31, 2023 results: net income net income of $13.7 million, EPS $0.65 per diluted share.","evidence_excerpt":"Independent Bank Corporation (NASDAQ: IBCP) reported fourth quarter 2023 net income of $13.7 million, or $0.65 per diluted share, versus net income of $15.1 million, or $0.71 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/39311/000003931124000013/0000039311-24-000013-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2023"},{"label":"Net income","value":"net income of $13.7 million"},{"label":"EPS","value":"$0.65 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"}