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Independent Bank Corp

IBCP · Financials

Last earnings Oct 27, 2026

Key results

Net incomequarter

$16.9 million

, July 24, 2025 - Independent Bank Corporation (NASDAQ IBCP) reported second quarter 2025 net income of $16.9 million, or $0.81 per diluted share, versus net income of $18.5 million, or $0.88 per diluted share, in the prior-year period.

SEC original ↗Independent Bank Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Revenuequarter

$2.7 million

This change was primarily due to a gain on equity securities at fair value of $2.7 million in the prior year quarter as well as variances in mortgage banking related revenues.

SEC original ↗Independent Bank Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025

The decline in servicing revenue is attributed to the sale of approximately $931 million of mortgage servicing rights on January 31, 2025.

SEC original ↗Independent Bank Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Net income of $16.9 million, or $0.81 per diluted share Increase in net interest income of $3.3 million over the prior year quarter and $0.9 million over the first quarter of 2025 Strong profitability and prudent balance sheet management results 10.8% growth in tangible book value per share compared to the prior year q

SEC original ↗Independent Bank Corp — Presentation / slide deck (8-K exhibit)EX-99Jul 24, 2025

The decrease in servicing revenue is attributed to the sale of approximately $931 million of mortgage servicing rights on January 31, 2025.

SEC original ↗Independent Bank Corp — Presentation / slide deck (8-K exhibit)EX-99Jul 24, 2025

AI analysis

Q2 2025 · reported Jul 24, 2025

Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held

Revenue · Q2 2025
$2.7M
EX-99 · Jul 24, 2025
Diluted EPS · Q2 2025
$0.81
EX-99 · Jul 24, 2025
Net income · Q2 2025
$16.9M
EX-99 · Jul 24, 2025

Headline figures

MetricQ2 2025Prior qtrYear ago
Net income$16.9 million——
Revenue$2.7 million——

EX-99 · Jul 24, 2025

Guidance · company-stated

No guidance located in the held release

Next earningsNo verified date on fileNo date is estimated or imported

Capital allocation

Mohr, Chief Financial Officer, 616.447.3929 INDEPENDENT BANK CORPORATION REPORTS 2025 SECOND QUARTER RESULTS Second Quarter Highlights Highlights for the second quarter of 2025 include Increase in net interest income of $0.9 million (or 2.1% ) over the first quarter of 2025 Increase in tangible common equity per share of common stock of $0.36 (or 6.9% annualized) from March 31, 2025 Net interest margin expansion of nine basis points compared to March 31, 2025 Net growth in loans of $91.7 million (or 9.0% annualized) from March 31, 2025 and The payment of a 26 cent per share dividend on common stock on May 15, 2025.

We also had approximately $486.0 million in fair value of unpledged securities AFS and HTM at June 30, 2025 which could be pledged for an estimated additional borrowing capacity at the FHLB and FRB of approximately $455.9 million.

General educational research only — not investment advice.Every figure is as stated in the held documents; values marked “computed from stated figures” are arithmetic on those stated figures. Guidance shown is the company’s own stated guidance. No price targets, no recommendations, no consensus estimates.

Event summary

( Brad ) Kessel, the President and Chief Executive Officer of Independent Bank Corporation, commented I am proud of our team and pleased to see us continue our positive trends with our second quarter 2025 results

Based on: Earnings release + Q2 2025 deck + parent 8-K + 10-Q — transcript not held

Guidance & outlook

No guidance located in the held release

Capital allocation

Mohr, Chief Financial Officer, 616.447.3929 INDEPENDENT BANK CORPORATION REPORTS 2025 SECOND QUARTER RESULTS Second Quarter Highlights Highlights for the second quarter of 2025 include Increase in net interest income of $0.9 million (or 2.1% ) over the first quarter of 2025 Increase in tangible common equity per share of common stock of $0.36 (or 6.9% annualized) from March 31, 2025 Net interest margin expansion of nine basis points compared to March 31, 2025 Net growth in loans of $91.7 million (or 9.0% annualized) from March 31, 2025 and The payment of a 26 cent per share dividend on common stock on May 15, 2025.

SEC original ↗Independent Bank Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025

We also had approximately $486.0 million in fair value of unpledged securities AFS and HTM at June 30, 2025 which could be pledged for an estimated additional borrowing capacity at the FHLB and FRB of approximately $455.9 million.

SEC original ↗Independent Bank Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Share Repurchase Plan On December 17, 2024, the Board of Directors of the Company authorized the 2025 share repurchase plan.

SEC original ↗Independent Bank Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Under the terms of the 2025 share repurchase plan, the Company is authorized to purchase up to 1,100,000 shares, or approximately 5% of its then outstanding common stock.

SEC original ↗Independent Bank Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025

The repurchase plan is authorized to last through December 31, 2025.

SEC original ↗Independent Bank Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025

During the six month period ended June 30, 2025, there were 252,276 shares of common stock repurchased, for an aggregate purchase price of $7.36 million.

SEC original ↗Independent Bank Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Strategy & priorities

Mohr, Chief Financial Officer, 616.447.3929 INDEPENDENT BANK CORPORATION REPORTS 2025 SECOND QUARTER RESULTS Second Quarter Highlights Highlights for the second quarter of 2025 include Increase in net interest income of $0.9 million (or 2.1% ) over the first quarter of 2025 Increase in tangible common equity per share of common stock of $0.36 (or 6.9% annualized) from March 31, 2025 Net interest margin expansion of nine basis points compared to March 31, 2025 Net growth in loans of $91.7 million (or 9.0% annualized) from March 31, 2025 and The payment of a 26 cent per share dividend on common stock on May 15, 2025.

SEC original ↗Independent Bank Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025

We generated net interest income growth on both a linked quarter basis and a year-over-year quarterly basis, producing nine basis points of margin expansion from the prior quarter.

SEC original ↗Independent Bank Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025

We believe our expenses are well managed, and we continue to see improved operational scale from strategic investments made in recent years.

SEC original ↗Independent Bank Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025

7 7 % Q 1 '2 3 Q 2 '2 3 Q 3 '2 3 Q 4 '2 3 Q 1 '2 4 Q 2 '2 4 Q 3 '2 4 Q 4 '2 4 Q 1 '2 5 Q 2 '2 5 Total Deposits Cost Of Deposits Low-Cost Deposit Franchise Focused on Core Deposit Growth Substantial core funding $4.54 billion of non-maturity deposit accounts (83.9% of total deposits).

SEC original ↗Independent Bank Corp — Presentation / slide deck (8-K exhibit)EX-99Jul 24, 2025

7 6 % 1 Q '2 3 2 Q '2 3 3 Q '2 3 4 Q '2 3 1 Q '2 4 2 Q '2 4 3 Q '2 4 4 Q '2 4 1 Q '2 5 2 Q '2 5 Total Portfolio Loans Yield on Loans Diversified Loan Portfolio Focused on High Quality Growth Portfolio loan changes in 2Q'25: Commercial increased $75.9 million.

SEC original ↗Independent Bank Corp — Presentation / slide deck (8-K exhibit)EX-99Jul 24, 2025

Risks & headwinds

Despite heightened uncertainty in the markets during the quarter, our credit metrics remain strong, with low levels of watch credits, 16 basis points of non-performing assets to total assets, and 0.02% net charge-offs to average loans of the quarter (annualized).

SEC original ↗Independent Bank Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ materially from those anticipated.

SEC original ↗Independent Bank Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025

For example, deterioration in general business and economic conditions or turbulence in domestic or global financial markets could adversely affect our revenues and the values of our assets and liabilities, reduce the availability of funding to us, lead to a tightening of credit, and increase stock price volatility.

SEC original ↗Independent Bank Corp — Earnings release (8-K exhibit)EX-99Jul 24, 2025

Rather, for periods beyond which we are able to make or obtain R&S forecasts of expected credit losses, we revert to the long term average on a straight line or immediate basis, as determined by our CECL Forecast Committee, and which may vary depending on the economic outlook and uncertainty.

SEC original ↗Independent Bank Corp — 10-Q Quarterly report10-QAug 5, 2026

Documents

Earnings deck slides

0 decks with slide view

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Independent Bank Corp — Presentation / slide deck (8-K exhibit) — Slide view unavailable — this deck was filed as a web document, whose text has no page boundaries.

Competitors

Competitors & peers

Same GICS sector — classification peers, not declared competitors

Arthur J. Gallagher & Co. (AJG) FinancialsSun Life Financial (SLF) FinancialsRaymond James Financial (RJF) FinancialsAflac (AFL) FinancialsING Group (ING) FinancialsNorthern Trust (NTRS) FinancialsCincinnati Financial (CINF) FinancialsCoinbase (COIN) Financials

Filings

32 documents

Earnings releases

16 documents

Presentations

16 documents

Transcripts

0 documents

No transcripts for Independent Bank Corp are held in this edition of the library.

Mentioned by

1 company

Other tracked companies whose held documents mention Independent Bank Corp by name or ticker. A mention is counted once per document, from the document text the library holds.

See also the earnings calendar for every tracked company’s next earnings date.