---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-21-035387"
form_type: "8-K"
ticker: "IBCP"
cik: "0000039311"
company_name: "INDEPENDENT BANK CORP /MI/"
filed_at: "2021-10-26T23:59:59+00:00"
generated_at: "2026-06-28T18:11:13.051484+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Independent Bank reports Q3 net income $16.0M ($0.73 EPS); net interest income up 5.7% YoY

## Summary
- Net income $16.0M ($0.73 diluted EPS), down from $19.6M ($0.89) in Q3 2020; 9-month net income $50.4M ($2.30), up 28.6%.
- Net interest income $33.8M (+5.7% YoY); net interest margin 3.18% vs 3.31% a year ago.
- Net gains on mortgage loans $8.4M (Q3 2020: $20.2M); mortgage origination volume $453.8M.
- Portfolio loans grew $69.4M (9.8% annualized) to $2.88B; deposits up $374.7M (13.8% annualized) to $4.01B.
- Asset quality: non-performing loans 0.19% of portfolio; net loan recoveries $1.5M in Q3; allowance 1.62% of total loans.

## SEC filing metadata
- accession: 0001140361-21-035387
- form_type: 8-K
- ticker: IBCP
- cik: 0000039311
- company_name: INDEPENDENT BANK CORP /MI/
- filed_at: 2021-10-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39311/000114036121035387/0001140361-21-035387-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39311/000114036121035387/brhc10029993_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-21-035387
- JSON: https://secwatch.observer/filing/0001140361-21-035387.json
- Plain text: https://secwatch.observer/filing/0001140361-21-035387.txt

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