earnings
confidence high
sentiment positive
materiality 0.75
Independent Bank Q2 net income $18.8M ($0.90 EPS) vs $16.9M; NIM 3.71%
INDEPENDENT BANK CORP /MI/
- Q2 2026 net income $18.8M ($0.90 diluted EPS) vs $16.9M ($0.81) in Q2 2025.
- Net interest margin 3.71% (up 6 bps linked quarter); net interest income $47.9M (+7.4% YoY).
- Non-interest income $15.3M includes $1.6M gain on Visa Class B-2 stock exchange.
- Loans grew $105.8M (9.8% annualized) from March 31; core deposits up $38.2M.
- Acquisition of HCB Financial Corp closed July 1, 2026, strengthening Michigan market presence.