Independent Bank Corporation

Independent Bank Corporation Reports 2026 Second Quarter Earnings of $0.90 per Diluted Share

Independent Bank Corporation reported Q2 2026 net income of $18.8 million, or $0.90 per diluted share, an increase from $16.9 million or $0.81 per share in the prior year. The net interest margin expanded by 6 basis points to 3.71%, driven by earning asset yield growth, while net loan growth reached $105.8 million annualized from the prior quarter. The company completed its acquisition of HCB Financial Corp on July 1, 2026, and paid a quarterly dividend of $0.28 per share in May, though no shares were repurchased under the 2026 authorization plan.

•3mo ago

Independent Bank Corporation Appoints Nathan E. Tagg to Its Board of Directors

Independent Bank Corporation appointed attorney Nathan E. Tagg to its board of directors and the audit committee, effective July 21, 2026. Mr. Tagg previously served on the boards of HCB Financial Corp. and Highpoint Community Bank until their acquisition by the company on July 1, 2026. The bank holding company holds approximately $6.3 billion in assets across 66 Michigan locations and expects to complete the system integration of Highpoint Community Bank on November 9.

•3mo ago

Independent Bank Corporation Announces Shareholder Approval to Acquire HCB Financial Corp. and Highpoint Community Bank

HCB Financial Corp. shareholders have approved the acquisition by Independent Bank Corporation, clearing the way for the merger to proceed. The transaction has secured all necessary regulatory approvals from the Federal Reserve Bank of Chicago and the Michigan Department of Insurance and Financial Services. The merger is currently expected to be effective on July 1, 2026, combining Independent Bank's $5.5 billion in assets with HCB's approximately $590 million.

•4mo ago

Independent Bank Corporation Announces Regulatory Approvals to Acquire HCB Financial Corp. and Highpoint Community Bank

Independent Bank Corporation (IBCP) and HCB Financial Corp. (HCBN) announced that their proposed merger has received regulatory approvals from the Federal Reserve Bank of Chicago and the Michigan Department of Insurance and Financial Services. HCB shareholders are scheduled to vote on the merger on June 17, 2026. Assuming approval and satisfaction of other closing conditions, the transaction is expected to become effective on July 1, 2026. The deal combines IBCP’s $5.5 billion in assets with HCB’s $590 million in assets, including $532 million in deposits and $354 million in loans from Highpoint Community Bank.

•4mo ago

Independent Bank Corporation Reports 2026 First Quarter Earnings of $0.81 Per Diluted Share

Independent Bank Corporation reported Q1 2026 net income of $16.9 million, or $0.81 per diluted share, up from $15.6 million or $0.74 per share in the prior year. The bank delivered solid operational metrics with net interest margin expanding three basis points to 3.65% and core deposit growth of $80.4 million. Asset quality showed some strain, with the ratio of non-performing loans rising to 0.64% from 0.17% a year ago, while the board maintained a $0.28 per share dividend.

•6mo ago

Independent Bank Corporation Announces Quarterly Cash Dividend On Common Stock

Independent Bank Corporation's Board declared a quarterly cash dividend of $0.28 per share on its common stock. The dividend is payable on May 14, 2026, to shareholders of record on May 4, 2026. Independent Bank Corporation is the holding company for Independent Bank, a Michigan-based community bank with approximately $5.5 billion in total assets.

•6mo ago