---
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"
generated_at: "2026-05-15T04:42:02.226243+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000039311-26-000042
- JSON: https://secwatch.observer/filing/0000039311-26-000042.json
- Plain text: https://secwatch.observer/filing/0000039311-26-000042.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/39311/000003931126000042/0000039311-26-000042-index.htm

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