Earnings ·
Reports third quarter diluted earnings of $0.80 per share on net income of $17.9 million
IBCPIndependent Bank Corp
Independent Bank Corporation reported net income of $17.9 million, or $0.80 per diluted share, for the quarter ended September 30, 2026, compared to $17.5 million, or $0.84 per diluted share, in the prior-year period. Net interest income increased $7.4 million from the second quarter of 2026 to $55.3 million, driven by a 12 basis point expansion in net interest margin to 3.79%. The company recorded non-interest expense of $44.8 million, including $3.5 million in merger-related costs associated with its acquisition of Highpoint Community Bank. Total loans grew $483.3 million during the quarter, while total deposits increased $659.3 million to $5.52 billion. The company operates as a bank holding company providing commercial and consumer banking services in Michigan.