Highest-materiality recent filing
Independent Bank Q2 net income $18.8M ($0.90 EPS) vs $16.9M; NIM 3.71%
Q2 2026 net income $18.8M ($0.90 diluted EPS) vs $16.9M ($0.81) in Q2 2025.
HCB Financial Corp shareholders approve merger with Independent Bank Corporation
HCB shareholders voted to approve merger with Independent Bank Corp at a special meeting on June 17, 2026.
IBCP & HCB receive regulatory approvals; shareholder vote set for June 17, closing expected July 1
Federal Reserve Bank of Chicago and Michigan DIFS approve IBCP's acquisition of HCB Financial Corp.
Independent Bank Corp to Hold Investor Meetings on Merger with HCB Financial Corp
Independent Bank Corp (IBCP) will conduct one-on-one investor meetings in April/May 2026.
Independent Bank to acquire HCB Financial for ~$70.2M in cash/stock, ~6% EPS accretive
HCB shareholders receive 1.590 shares of IBCP stock + $17.51 cash per share; total consideration ~$70.2M.
Independent Bank Corp Q4 EPS $0.89, net income $18.6M; board authorizes 5% share repurchase
Net income $18.6M ($0.89 diluted) vs $18.5M ($0.87) prior year; FY2025 net income $68.5M ($3.27).
Independent Bank Q3 net income $17.5M ($0.84 EPS) vs $13.8M a year ago; loan growth 3.2% annualized
Q3 net income $17.5M ($0.84 diluted EPS) vs $13.8M ($0.65) in Q3 2024; net interest income up 8.4% YoY to $45.4M.
Independent Bank Q2 net income $16.9M ($0.81 EPS), down from $18.5M YoY; loan growth 9% annualized
Net interest income of $44.6M (+7.9% YoY); net interest margin expanded nine bps QoQ to 3.58%.
Independent Bank Q1 net income $15.6M ($0.74 EPS); TBVPS up 13% YoY
Net income $15.6M vs $16.0M prior year; diluted EPS $0.74 vs $0.76.
Independent Bank Q4 net income $18.5M ($0.87 EPS) beats year-ago, loan growth 10% annualized
Net income $18.5M ($0.87 diluted EPS) vs. $13.7M ($0.65) in Q4 2023; full-year EPS $3.16 vs. $2.79.
Independent Bank Q3 net income $13.8M ($0.65 EPS); loan growth 9.3% annualized
Net income $13.8M, down 21% from $17.5M in Q3 2023; diluted EPS $0.65 vs $0.83.
Independent Bank Q2 net income $18.5M, EPS $0.88 (+25.7% YoY); net interest margin expands to 3.40%
Net income of $18.5M ($0.88 diluted EPS) vs $14.8M ($0.70) in Q2 2023, up 25.3% and 25.7% respectively.
IBCP Q1 2024: EPS $0.76 (+24.6% YoY), loan growth 5.3% annualized, NIM 3.30%
Net income $16.0M ($0.76 diluted EPS), up 24.6% YoY from $0.61.
IBCP Q4 net income $13.7M ($0.65 EPS) vs $15.1M year ago; loans up 5.2% annualized
Net interest income $40.1M, up 1.7% linked quarter; net interest margin 3.26% vs 3.52% year ago.
Independent Bank Corp Q3 net income $17.5M ($0.83 EPS); loan growth 12.1% annualized
Q3 2023 net income $17.5M ($0.83 diluted EPS) vs $17.3M ($0.81) a year ago; nine-month EPS $2.14 vs $2.27.
Independent Bank Q1 net income $13.0M ($0.61 EPS) vs $18.0M ($0.84) YoY; net interest margin 3.33%
Net interest income $38.4M, up 16.5% YoY, but down 5.3% from Q4 2022; net interest margin 3.33%.
Net income $15.1M ($0.71 diluted EPS) vs $12.5M ($0.58) in Q4 2021; full year $63.4M ($2.97) vs $62.9M ($2.88).
IBCP Q3 net income $17.3M ($0.81 EPS), NIM 3.49%, loan growth 18.4% annualized
Net income $17.3M vs $16.0M a year ago; diluted EPS $0.81 vs $0.73.
Independent Bank Q2 net income $13.0M ($0.61 EPS), up 4.9%; loan growth 34% annualized
Net income $13.0M vs $12.4M in Q2 2021; diluted EPS $0.61 vs $0.56.
IBCP Q1 2022 EPS $0.84 vs $1.00 YoY; net interest income up 9% but mortgage fees plunge
Net income $18.0M ($0.84 diluted EPS) vs $22.0M ($1.00) in Q1 2021; a 16% decline.
Independent Bank Q4 net income $12.5M ($0.58 EPS) vs $17.0M year ago; full-year EPS up 13.8%
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.
Independent Bank reports Q3 net income $16.0M ($0.73 EPS); net interest income up 5.7% YoY
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%.
Independent Bank Q2 net income $12.4M ($0.56 EPS) vs $14.8M year ago; mortgage gains drop
EPS $0.56 vs $0.67 in Q2 2020; net interest income up 3.1% to $31.4M.
the Board of Directors of Independent Bank Corporation increased its size from 10 to 11 members and appointed Nathan E. Tagg to fill the resulting vacancy.
On December 17, 2024, the Board of Directors of Independent Bank Corporation (the “Company”) elected Christopher Michaels, age 58 , as the Company’s Chief Operating Officer, effective as of January 2, 2025.
Max materiality 0.80 · Median 0.65 · Most common event earnings