---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-026912"
form_type: "8-K"
ticker: "IBCP"
cik: "0000039311"
company_name: "INDEPENDENT BANK CORP /MI/"
filed_at: "2022-07-26T23:59:59+00:00"
generated_at: "2026-06-24T08:54:36.629466+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Independent Bank Q2 net income $13.0M ($0.61 EPS), up 4.9%; loan growth 34% annualized

## Summary
- Net income $13.0M vs $12.4M in Q2 2021; diluted EPS $0.61 vs $0.56.
- Net interest income $36.1M, up 14.9% YoY; net interest margin 3.26% vs 3.02%.
- Portfolio loans grew $254.8M (34% annualized); total deposits rose $173.5M from Dec 2021.
- Net recoveries on loans; allowance for credit losses 1.47% of loans.
- Q2 2022 share repurchases of 181,586 shares at $22.08 average price.

## SEC filing metadata
- accession: 0001140361-22-026912
- form_type: 8-K
- ticker: IBCP
- cik: 0000039311
- company_name: INDEPENDENT BANK CORP /MI/
- filed_at: 2022-07-26T23:59:59+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/39311/000114036122026912/0001140361-22-026912-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/39311/000114036122026912/brhc10039905_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-026912
- JSON: https://secwatch.observer/filing/0001140361-22-026912.json
- Plain text: https://secwatch.observer/filing/0001140361-22-026912.txt

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