{"schema_version":"secwatch.filing_event.v1","accession":"0000039311-24-000069","form_type":"8-K","ticker":"IBCP","cik":"0000039311","company_name":"INDEPENDENT BANK CORP /MI/","filed_at":"2024-07-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.531388+00:00","generated_at":"2026-05-31T16:26:43.076331+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Independent Bank Q2 net income $18.5M, EPS $0.88 (+25.7% YoY); net interest margin expands to 3.40%","bullets":["Net income of $18.5M ($0.88 diluted EPS) vs $14.8M ($0.70) in Q2 2023, up 25.3% and 25.7% respectively.","Net interest income $41.3M (+7.8% YoY); net interest margin 3.40% vs 3.24% year-ago and 3.30% linked-quarter.","Core deposits grew $53.3M (4.8% annualized) from March 31; loans grew $11.9M (1.2% annualized).","Non-interest income included $2.7M gain on Visa B-1 stock exchange; provision for credit losses nearly zero ($0.02M).","Tangible book value per share rose 16.5% YoY to $19.16; non-performing loans just 0.12% of portfolio."],"urls":{"canonical":"https://secwatch.observer/filing/0000039311-24-000069","json":"https://secwatch.observer/filing/0000039311-24-000069.json","markdown":"https://secwatch.observer/filing/0000039311-24-000069.md","text":"https://secwatch.observer/filing/0000039311-24-000069.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39311/000003931124000069/0000039311-24-000069-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39311/000003931124000069/ibcp-20240725.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T16:26:43.076331+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}