Independent Bank Corp Q4 EPS $0.89, net income $18.6M; board authorizes 5% share repurchase

INDEPENDENT BANK CORP /MI/

2025-FY EPS reported $3.27 revenue$32,075,000

Net income $18.6M ($0.89 diluted) vs $18.5M ($0.87) prior year; FY2025 net income $68.5M ($3.27).
Net interest margin 3.62% in Q4, up 8 bps linked quarter and 17 bps YoY; net interest income $46.4M.
Loan growth $78M (7.4% annualized) from Sep 30; deposits up $57.1M (4.8% annualized).
Tangible book value per share $23.05, up 13.3% YoY; board authorized 1.1M share repurchase (~5% outstanding).
Non-performing loans increased to $23.1M (0.54% of loans) from $6.0M; allowance 1.48% of loans.

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