Independent Bank Corporation reported second quarter 2026 net income of $18.8 million, or $0.90 per diluted share, increasing from $16.9 million, or $0.81 per diluted share, in the prior-year period. Net interest margin rose to 3.71% from 3.58% a year ago. The company completed its acquisition of HCB Financial Corp. on July 1, 2026. Total assets reached $5.66 billion as of June 30, 2026, with total deposits of $4.86 billion. Net loan growth was $105.8 million, representing 9.8% annualized growth. The company also noted a $1.6 million gain on equity securities from a Visa stock exchange. Independent Bank Corporation is a bank holding company providing commercial, consumer, and mortgage financial services.

HCB Financial Corp. shareholders approved the proposed merger with Independent Bank Corporation via a special meeting held on June 17, 2026. The parties expect to close the transaction on July 1, 2026, pending satisfaction of closing conditions. Independent Bank Corporation is a financial services company providing banking services.

Independent Bank Corporation announced that the Federal Reserve Bank of Chicago and the Michigan Department of Insurance and Financial Services have approved the proposed merger with HCB Financial Corp. The transaction, originally signed on March 18, 2026, remains subject to HCB shareholder approval and other closing conditions. Independent Bank Corporation is a financial services company providing banking services.