---
schema_version: "secwatch.filing_event.v1"
accession: "0000039311-24-000052"
form_type: "8-K"
ticker: "IBCP"
cik: "0000039311"
company_name: "INDEPENDENT BANK CORP /MI/"
filed_at: "2024-04-25T23:59:59+00:00"
generated_at: "2026-06-03T08:32:54.813382+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# IBCP Q1 2024: EPS $0.76 (+24.6% YoY), loan growth 5.3% annualized, NIM 3.30%

## Summary
- Net income $16.0M ($0.76 diluted EPS), up 24.6% YoY from $0.61.
- Net interest income $40.2M, NIM 3.30% (up from 3.26% linked quarter).
- Core deposits grew $95.7M (9.0% annualized) and loans grew $49.1M (5.3% annualized) from Dec 31, 2023.
- Non-performing loans at 0.10% of portfolio; allowance for credit losses 1.47%.
- Tangible book value per share $18.44, up 15.7% YoY.

## SEC filing metadata
- accession: 0000039311-24-000052
- form_type: 8-K
- ticker: IBCP
- cik: 0000039311
- company_name: INDEPENDENT BANK CORP /MI/
- filed_at: 2024-04-25T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39311/000003931124000052/0000039311-24-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39311/000003931124000052/ibcp-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039311-24-000052
- JSON: https://secwatch.observer/filing/0000039311-24-000052.json
- Plain text: https://secwatch.observer/filing/0000039311-24-000052.txt

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