---
schema_version: "secwatch.filing_event.v1"
accession: "0000039311-26-000004"
form_type: "8-K"
ticker: "IBCP"
cik: "0000039311"
company_name: "INDEPENDENT BANK CORP /MI/"
filed_at: "2026-01-22T23:59:59+00:00"
generated_at: "2026-05-16T09:05:40.564362+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0000039311-26-000004
- form_type: 8-K
- ticker: IBCP
- cik: 0000039311
- company_name: INDEPENDENT BANK CORP /MI/
- filed_at: 2026-01-22T23:59:59+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/39311/000003931126000004/0000039311-26-000004-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39311/000003931126000004/ibcp-20260122.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039311-26-000004
- JSON: https://secwatch.observer/filing/0000039311-26-000004.json
- Plain text: https://secwatch.observer/filing/0000039311-26-000004.txt

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