---
schema_version: "secwatch.filing_event.v1"
accession: "0000039311-24-000087"
form_type: "8-K"
ticker: "IBCP"
cik: "0000039311"
company_name: "INDEPENDENT BANK CORP /MI/"
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:43:22.880604+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Independent Bank Q3 net income $13.8M ($0.65 EPS); loan growth 9.3% annualized

## Summary
- Net income $13.8M, down 21% from $17.5M in Q3 2023; diluted EPS $0.65 vs $0.83.
- Net interest income $41.9M (+6.2% YoY); net interest margin 3.37% vs 3.23% YoY.
- Loans grew $90.4M annualized 9.3% from Q2; core deposits up $100.1M annualized 8.9%.
- Non-interest income $9.5M, down from $15.6M, driven by mortgage servicing fair value change of $(4.2)M.
- Tangible book value per share $20.22, up 22% YoY; allowance for credit losses at 1.46% of loans.

## SEC filing metadata
- accession: 0000039311-24-000087
- form_type: 8-K
- ticker: IBCP
- cik: 0000039311
- company_name: INDEPENDENT BANK CORP /MI/
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39311/000003931124000087/0000039311-24-000087-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39311/000003931124000087/ibcp-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039311-24-000087
- JSON: https://secwatch.observer/filing/0000039311-24-000087.json
- Plain text: https://secwatch.observer/filing/0000039311-24-000087.txt

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