---
schema_version: "secwatch.filing_event.v1"
accession: "0000039311-25-000083"
form_type: "8-K"
ticker: "IBCP"
cik: "0000039311"
company_name: "INDEPENDENT BANK CORP /MI/"
filed_at: "2025-07-24T23:59:59+00:00"
generated_at: "2026-05-18T02:45:36.282911+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Independent Bank Q2 net income $16.9M ($0.81 EPS), down from $18.5M YoY; loan growth 9% annualized

## Summary
- Net interest income of $44.6M (+7.9% YoY); net interest margin expanded nine bps QoQ to 3.58%.
- Loans grew $91.7M (9.0% annualized) from Q1; core deposits declined 1.4% annualized on seasonality.
- Non-interest income fell to $11.3M from $15.2M; prior year included a $2.7M gain on Visa stock.
- Non-performing assets at 0.16% of total assets; net charge-offs were just 0.02% annualized.
- Tangible common equity per share rose to $21.23, up $0.36 from March 31, 2025.

## SEC filing metadata
- accession: 0000039311-25-000083
- form_type: 8-K
- ticker: IBCP
- cik: 0000039311
- company_name: INDEPENDENT BANK CORP /MI/
- filed_at: 2025-07-24T23:59:59+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/39311/000003931125000083/0000039311-25-000083-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39311/000003931125000083/ibcp-20250724.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039311-25-000083
- JSON: https://secwatch.observer/filing/0000039311-25-000083.json
- Plain text: https://secwatch.observer/filing/0000039311-25-000083.txt

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