Earnings summaries and quarterly performance for INDEPENDENT BANK CORP /MI/.
Executive leadership at INDEPENDENT BANK CORP /MI/.
William Kessel
Detailed
President and Chief Executive Officer
CEO
CM
Christopher Michaels
Detailed
Executive Vice President and Chief Operating Officer
GM
Gavin Mohr
Detailed
Executive Vice President and Chief Financial Officer
JR
Joel Rahn
Detailed
Executive Vice President, Commercial Lending
PE
Patrick Ervin
Detailed
Executive Vice President, Mortgage Banking
SK
Stefanie Kimball
Detailed
Executive Vice President and Chief Risk Officer
Board of directors at INDEPENDENT BANK CORP /MI/.
CK
Christina Keller
Detailed
Director
DA
Dennis Archer Jr.
Detailed
Director
JB
Joan Budden
Detailed
Director
MC
Michael Cok
Detailed
Director
MM
Michael Magee Jr.
Detailed
Director
RK
Ronia Kruse
Detailed
Director
SG
Stephen Gulis Jr.
Detailed
Chair of the Board
TB
Terance Beia
Detailed
Director
WB
William Boer
Detailed
Lead Independent Director
Research analysts who have asked questions during INDEPENDENT BANK CORP /MI/ earnings calls.
Brendan Nosal
Hovde Group, LLC
9 questions for IBCP
Also covers: ALRS, BWB, BY +11 more
MR
Matthew Renck
Keefe, Bruyette & Woods (KBW)
6 questions for IBCP
Also covers: BY, CAC
PW
Peter Winter
D.A. Davidson
6 questions for IBCP
Also covers: BFIN, BOKF, CFG +12 more
Adam Kroll
Piper Sandler Companies
5 questions for IBCP
Also covers: BWB, BY, HAFC +4 more
DD
Damon Del Monte
Keefe, Bruyette & Woods
3 questions for IBCP
Also covers: ALRS, BY, CAC +15 more
JR
John Rodis
Janney Montgomery Scott LLC
3 questions for IBCP
Also covers: GSBC, INBK, LARK +2 more
NR
Nathan Race
Piper Sandler & Co.
3 questions for IBCP
Also covers: ALRS, BSVN, BWB +18 more
AC
Adam Carol
Piper Sandler & Co.
1 question for IBCP
Recent press releases and 8-K filings for IBCP.
Independent Bank Corporation Announces Q4 and Full Year 2025 Results and Provides 2026 Outlook
IBCP
Earnings
Guidance Update
Share Buyback
- Independent Bank Corporation reported Q4 2025 net income of $18.6 million or $0.89 per diluted share, and full year 2025 net income of $68.5 million or $3.27 per diluted share.
- Key Q4 2025 highlights include a net interest margin of 3.62% (an 8 basis point increase from the prior quarter), net loan growth of $78 million (7.4% annualized), and an increase in the tangible common equity ratio to 8.65%.
- For 2026, the company forecasts loan growth in the 4.5%-5.5% range and net interest income growth of 7%-8% over full year 2025, with anticipated net interest margin expansion of 5-7 basis points in Q1 2026 and successive quarterly increases.
- The 2026 outlook also projects quarterly non-interest income between $11.3 million and $12.3 million and quarterly non-interest expense between $36 million and $37 million, with the board authorizing share repurchases of approximately 5%.
Jan 22, 2026, 4:00 PM
IBCP Reports Strong Q4 2025 Earnings and Loan Growth
IBCP
Earnings
Share Buyback
Guidance Update
- IBCP reported net income of $18.6 million and diluted earnings per share of $0.89 for Q4 2025.
- Net interest income increased to $46.4 million in Q4 2025, marking the 10th consecutive quarter of increasing net interest income, with a net interest margin of 3.62%.
- Total loans grew 7.4% annualized in Q4 2025, primarily driven by 16.5% annualized commercial loan growth, while asset quality remained sound with non-performing assets to total assets at 0.44%.
- The tangible common equity ratio increased to 8.65%, and the company maintained a strong liquidity position with $576.1 million in current on-balance sheet liquidity.
- For the full year 2025, IBCP repurchased 407,113 shares for an aggregate purchase price of $12.4 million.
Jan 22, 2026, 4:00 PM
Independent Bank Corporation Reports Strong Q4 and Full-Year 2025 Results, Provides 2026 Outlook
IBCP
Earnings
Guidance Update
Share Buyback
- Independent Bank Corporation reported Q4 2025 net income of $18.6 million or $0.89 per diluted share, and full-year 2025 net income of $68.5 million or $3.27 per diluted share.
- The company achieved Q4 2025 net loan growth of $78 million (7.4% annualized) and net deposit growth of $57.5 million (4.8% annualized), with a net interest margin of 3.62%.
- For 2026, IBCP forecasts loan growth of 4.5%-5.5% and net interest income growth of 7%-8%.
- The company anticipates net interest margin expansion of 5-7 basis points in Q1 2026, followed by 3-5 basis points in subsequent quarters, assuming two 0.25% Fed rate cuts.
- The board authorized share repurchases of approximately 5% in 2026, though these are not currently modeled in the financial guidance.
Jan 22, 2026, 4:00 PM
Independent Bank Corporation Announces Fourth Quarter and Full Year 2025 Results
IBCP
Earnings
Guidance Update
Share Buyback
- Independent Bank Corporation (IBCP) reported net income of $18.6 million or $0.89 per diluted share for Q4 2025 and $68.5 million or $3.27 per diluted share for the full year 2025.
- The company achieved a net interest margin of 3.62% in Q4 2025, an 8 basis point increase from the prior quarter, and experienced net loan growth of $78 million (7.4% annualized), primarily in the commercial portfolio.
- For 2026, IBCP forecasts mid-single-digit loan growth (4.5%-5.5%) and net interest income growth of 7%-8%, with anticipated net interest margin expansion throughout the year.
- The tangible common equity ratio increased to 8.65%, and the board authorized share repurchases of approximately 5% in 2026.
Jan 22, 2026, 4:00 PM
Independent Bank Corporation Reports Strong Q4 and Full-Year 2025 Earnings
IBCP
Earnings
Share Buyback
Dividends
- Independent Bank Corporation reported net income of $18.6 million, or $0.89 per diluted share, for the fourth quarter of 2025, and $68.5 million, or $3.27 per diluted share, for the full year ended December 31, 2025.
- For Q4 2025, the company achieved a net interest margin of 3.62%, a return on average assets of 1.35%, and a return on average equity of 14.75%.
- Net loans grew by $78.0 million (7.4% annualized) and total deposits (less brokered deposits) increased by $57.1 million (4.8% annualized) from September 30, 2025.
- The tangible common equity ratio increased to 8.65% , and non-performing assets to total assets stood at 0.44% at December 31, 2025.
- The Board authorized a 5% stock repurchase plan (up to 1,100,000 shares) through December 31, 2026, and a 26 cent per share dividend was paid on November 14, 2025.
Jan 22, 2026, 1:17 PM
Independent Bank Corporation Reports Fourth Quarter and Full-Year 2025 Earnings, Authorizes Share Repurchase Plan
IBCP
Earnings
Share Buyback
- Independent Bank Corporation reported net income of $18.6 million and $0.89 per diluted share for the fourth quarter of 2025, and $68.5 million and $3.27 per diluted share for the full year ended December 31, 2025.
- The company's Board of Directors authorized a 2026 share repurchase plan on December 16, 2025, permitting the purchase of up to 1,100,000 shares (approximately 5% of outstanding common stock) through December 31, 2026.
- Highlights for the fourth quarter of 2025 included a net interest margin of 3.62%, a return on average assets of 1.35%, and net growth in loans of $78.0 million (7.4% annualized).
- At December 31, 2025, total assets were $5.51 billion, with loans at $4.28 billion and deposits totaling $4.76 billion.
Jan 22, 2026, 1:00 PM
Independent Bank Corporation Reports Q3 2025 Results and Provides 2025 Outlook
IBCP
Earnings
Guidance Update
Share Buyback
- Independent Bank Corporation reported net income of $17.5 million, or $0.84 per diluted share, for Q3 2025, achieving a Return on Average Assets (ROAA) of 1.27% and a Return on Average Equity (ROAE) of 14.57%. The net interest margin (NIM) was 3.54% and the efficiency ratio was 58.86%.
- Total loans increased 3.2% annualized in Q3 2025, with commercial loans growing 10.9% annualized. Tangible book value per share saw a 19.8% annualized increase from the prior quarter, and the company redeemed $40 million of subordinated debt.
- While the company forecasts mid-single digit (5%-6%) overall loan growth and high-single digit (8%-9%) net interest income growth for 2025, Q3 2025 total portfolio loan growth was 3.2% annualized, below the forecasted range. Non-interest income of $11.9 million was also below the forecasted range, though non-interest expense of $34.1 million was lower than forecasted.
Nov 5, 2025, 6:09 PM
IBCP Announces Q3 2025 Results and 2025 Outlook
IBCP
Earnings
Guidance Update
- IBCP reported net income of $17.5 million and diluted earnings per share of $0.84 for Q3 2025.
- The company's net interest income increased by $3.5 million over the prior year quarter , reaching $45.4 million , with a net interest margin (FTE) of 3.54%.
- Total loans increased 3.2% annualized in Q3 2025, driven by 10.9% annualized commercial loan growth.
- Asset quality remained exceptional, with NPAs/Total Assets at 0.38% and Net Charge-Offs (NCO) of 0.07% of average loans.
- For the full year 2025, IBCP forecasts mid-single digit (5%-6%) overall loan growth and high-single digit (8%-9%) net interest income growth.
Oct 28, 2025, 3:00 PM
Independent Bank Corporation Announces Third Quarter 2025 Results
IBCP
Earnings
Guidance Update
Share Buyback
- Independent Bank Corporation (IBCP) reported net income of $17.5 million or $0.84 per diluted share for the third quarter of 2025.
- Loan balances grew at an annualized rate of 3.2%, with commercial loans increasing by $57 million in the quarter, and total deposits (excluding brokered time deposits) increased by 13% annualized.
- Net interest income increased for the ninth consecutive quarter, and the tax equivalent net interest margin was 3.54% in Q3 2025, with a small decline on a linked quarter basis primarily due to the acceleration of unamortized issuance costs on redeemed subordinated debt.
- Credit quality remains strong with annualized net charge-offs at 4 basis points through the first three quarters of 2025, though non-performing assets increased from 0.16% to 0.38% of total assets due to one commercial relationship.
- Non-interest expense totaled $34.1 million in Q3 2025, which was below the forecasted range, and the company repurchased 13,732 shares of common stock for $0.4 million.
Oct 28, 2025, 3:00 PM
Independent Bank Corporation Reports Third Quarter 2025 Results
IBCP
Earnings
Guidance Update
Share Buyback
- Independent Bank Corporation reported net income of $17.5 million or $0.84 per diluted share for the third quarter of 2025.
- Loan balances grew at an annualized rate of 3.2% and total deposits (less brokered time deposits) increased by 13% annualized in Q3 2025.
- Net interest income increased for the ninth consecutive quarter, with a net interest margin of 3.54% in Q3 2025, down four basis points from the prior quarter primarily due to the acceleration of unamortized issuance costs on redeemed subordinated debt.
- Credit quality remained strong with annualized net charge-offs at four basis points through the first three quarters of 2025, though non-performing assets increased to 0.38% of total assets due to one commercial relationship.
- The company repurchased 13,732 shares of common stock for an aggregate purchase price of $0.4 million in the third quarter of 2025.
Oct 28, 2025, 3:00 PM
Quarterly earnings call transcripts for INDEPENDENT BANK CORP /MI/.
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