---
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"
generated_at: "2026-05-17T02:03:28.801638+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Independent Bank Q3 net income $17.5M ($0.84 EPS) vs $13.8M a year ago; loan growth 3.2% annualized

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039311-25-000098
- JSON: https://secwatch.observer/filing/0000039311-25-000098.json
- Plain text: https://secwatch.observer/filing/0000039311-25-000098.txt

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