{"schema_version":"secwatch.filing_event.v1","accession":"0000039311-26-000042","form_type":"8-K","ticker":"IBCP","cik":"0000039311","company_name":"INDEPENDENT BANK CORP /MI/","filed_at":"2026-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:33.590992+00:00","generated_at":"2026-05-15T04:42:02.226243+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"IBCP Q1 2026 net income $16.9M ($0.81 EPS) vs $15.6M YoY; NIM 3.65%","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0000039311-26-000042","json":"https://secwatch.observer/filing/0000039311-26-000042.json","markdown":"https://secwatch.observer/filing/0000039311-26-000042.md","text":"https://secwatch.observer/filing/0000039311-26-000042.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/39311/000003931126000042/0000039311-26-000042-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/39311/000003931126000042/ibcp-20260423.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T04:42:02.226243+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"860b85c82fd21149a0a1fcbfb582712be1fe8334","claim":"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.","evidence_excerpt":"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.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/39311/000003931126000042/0000039311-26-000042-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter ended March 31, 2026"},{"label":"Net income","value":"net income of $16.9 million, or $0.81 per diluted share"},{"label":"EPS","value":"$0.81 per diluted share"},{"label":"Result","value":"reported results"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}