---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-002833"
form_type: "8-K"
ticker: "IBCP"
cik: "0000039311"
company_name: "INDEPENDENT BANK CORP /MI/"
filed_at: "2022-01-27T23:59:59+00:00"
generated_at: "2026-06-27T15:08:04.687034+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Independent Bank Q4 net income $12.5M ($0.58 EPS) vs $17.0M year ago; full-year EPS up 13.8%

## Summary
- Q4 2021 net income $12.5M ($0.58 diluted EPS) vs $17.0M ($0.77) in Q4 2020; full-year net income $62.9M ($2.88 EPS), up 12.0% from 2020.
- Net interest income Q4 $34.3M, +10.6% YoY; net interest margin 3.13% vs 3.12% year ago.
- Mortgage gains fell sharply: Q4 $5.6M vs $15.9M year ago; full year $35.9M vs $62.6M.
- Non-performing loans dropped to $5.1M (0.18% of loans) from $7.9M (0.29%) at Dec 2020; allowance $47.3M (1.63% of loans).
- Board authorized up to 1.1M share repurchase (~5% of outstanding) through Dec 2022.

## SEC filing metadata
- accession: 0001140361-22-002833
- form_type: 8-K
- ticker: IBCP
- cik: 0000039311
- company_name: INDEPENDENT BANK CORP /MI/
- filed_at: 2022-01-27T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/39311/000114036122002833/0001140361-22-002833-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39311/000114036122002833/brhc10033048_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-002833
- JSON: https://secwatch.observer/filing/0001140361-22-002833.json
- Plain text: https://secwatch.observer/filing/0001140361-22-002833.txt

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