---
schema_version: "secwatch.filing_event.v1"
accession: "0000039311-25-000060"
form_type: "8-K"
ticker: "IBCP"
cik: "0000039311"
company_name: "INDEPENDENT BANK CORP /MI/"
filed_at: "2025-04-24T23:59:59+00:00"
generated_at: "2026-05-23T07:28:22.389448+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Independent Bank Q1 net income $15.6M ($0.74 EPS); TBVPS up 13% YoY

## Summary
- Net income $15.6M vs $16.0M prior year; diluted EPS $0.74 vs $0.76.
- Net interest margin improved to 3.49% from 3.30% YoY; NII up 8.7%.
- Sold $931M of mortgage servicing rights on Jan 31, reducing MSR exposure.
- Tangible book value per share $20.87, up 13.2% YoY; capital ratios strong.
- Post-quarter share repurchases of 249K shares for $7.2M through April 22.

## SEC filing metadata
- accession: 0000039311-25-000060
- form_type: 8-K
- ticker: IBCP
- cik: 0000039311
- company_name: INDEPENDENT BANK CORP /MI/
- filed_at: 2025-04-24T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39311/000003931125000060/0000039311-25-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39311/000003931125000060/ibcp-20250424.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039311-25-000060
- JSON: https://secwatch.observer/filing/0000039311-25-000060.json
- Plain text: https://secwatch.observer/filing/0000039311-25-000060.txt

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