secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENT BANK CORP /MI/ (IBCP)
CIK:        0000039311
Form:       8-K
Filed at:   2026-01-22T23:59:59+00:00
Accession:  0000039311-26-000004
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39311/000003931126000004/0000039311-26-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39311/000003931126000004/ibcp-20260122.htm
  HTML page:      https://secwatch.observer/filing/0000039311-26-000004

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