secwatch.observer — SEC 8-K summary
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Issuer:     INDEPENDENT BANK CORP /MI/ (IBCP)
CIK:        0000039311
Form:       8-K
Filed at:   2026-04-23T23:59:59+00:00
Accession:  0000039311-26-000042
Event type: earnings
Sentiment:  positive
Materiality: 0.50
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/39311/000003931126000042/0000039311-26-000042-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/39311/000003931126000042/ibcp-20260423.htm
  HTML page:      https://secwatch.observer/filing/0000039311-26-000042

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