{"schema_version":"secwatch.filing_event.v1","accession":"0000039311-25-000098","form_type":"8-K","ticker":"IBCP","cik":"0000039311","company_name":"INDEPENDENT BANK CORP /MI/","filed_at":"2025-10-28T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.775746+00:00","generated_at":"2026-05-17T02:03:28.801638+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 Q3 net income $17.5M ($0.84 EPS) vs $13.8M a year ago; loan growth 3.2% annualized","bullets":["Q3 net income $17.5M ($0.84 diluted EPS) vs $13.8M ($0.65) in Q3 2024; net interest income up 8.4% YoY to $45.4M.","Loans grew $33.9M (3.2% annualized) from Q2; total deposits less brokered time deposits up $148.2M (13% annualized).","Net interest margin 3.54% vs 3.37% a year ago; NIM stable sequentially except for subordinated debt redemption impact.","Non-performing assets increased to 0.38% of total assets from 0.16% due to one commercial relationship; net charge-offs remain low at 0.04% annualized.","Redeemed $40M floating subordinated notes Aug 31; tangible common equity per share $22.29, up 9.6% from Dec 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0000039311-25-000098","json":"https://secwatch.observer/filing/0000039311-25-000098.json","markdown":"https://secwatch.observer/filing/0000039311-25-000098.md","text":"https://secwatch.observer/filing/0000039311-25-000098.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39311/000003931125000098/0000039311-25-000098-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39311/000003931125000098/ibcp-20251028.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:03:28.801638+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"}