IBCP Q1 2026 net income $16.9M ($0.81 EPS) vs $15.6M YoY; NIM 3.65%

INDEPENDENT BANK CORP /MI/

2026-Q1 EPS reported $0.81 revenue$7,588,000

EPS of $0.81 vs $0.74 in Q1 2025; net income $16.9M vs $15.6M.
Net interest margin 3.65% (up from 3.49% YoY); net interest income $46.9M, up 7.3% YoY.
Loans grew $31.8M (3.0% annualized); core deposits up $80.4M (6.9% annualized); commercial loans up 9.9% annualized.
Non-interest expenses $38.3M (up $4M YoY) due to $1.5M litigation charge and $0.3M merger costs.
Non-performing loans $27.6M (0.64% of portfolio); allowance for credit losses covers 231% of NPLs.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INDEPENDENT BANK CORP /MI/ reported the quarter ended March 31, 2026 results: net income net income of $16.9 million, or $0.81 per diluted share, EPS $0.81 per diluted share.

Period: the quarter ended March 31, 2026
Net income: net income of $16.9 million, or $0.81 per diluted share
EPS: $0.81 per diluted share
Result: reported results

Exact text from the filing

Independent Bank Corporation (NASDAQ: IBCP) reported first quarter 2026 net income of $16.9 million, or $0.81 per diluted share, versus net income of $15.6 million, or $0.74 per diluted share, in the prior-year period.

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INDEPENDENT BANK CORP /MI/ filing history →

Source: SEC EDGAR

accession 0000039311-26-000042

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