INDEPENDENT BANK CORP /MI/ (IBCP) Form 10-Q — Aug 5, 2026

Key figures

Eps

$0.91 basic / $0.90 diluted Q2 2026 (vs $0.81 both prior year)

Net Income

$18.8 million Q2 2026 (vs $16.9 million Q2 2025); $35.7 million for six months 2026

Total Assets

$5.66 billion at June 30, 2026 (vs $5.51 billion at December 31, 2025)

Cash Position

$165.5 million cash and cash equivalents at June 30, 2026

Shares Outstanding

22,199,295 as of August 4, 2026 (cover page); 20,602,535 issued and outstanding at June 30, 2026

Total loans

$4.41 billion at June 30, 2026

Total deposits

$4.86 billion at June 30, 2026

Shareholders equity

$528.4 million at June 30, 2026

Non performing loans

$32.8 million at June 30, 2026 (vs $23.1 million at December 31, 2025)

Share repurchase plan

up to 1,100,000 shares authorized through December 31, 2026; none repurchased in H1 2026

Cet1 ratio consolidated

11.70% at June 30, 2026

Visa equity gain q2 2026

$1.60 million on Visa Inc. Class C shares

Dividend declared q2 2026

$0.28 per share

Allowance for credit losses

$65.7 million at June 30, 2026

Net interest income q2 2026

$47.9 million (vs $44.6 million Q2 2025)

Total capital ratio consolidated

13.77% at June 30, 2026

Litigation expense six months 2026

$1.85 million (vs $0 prior year)

Provision for credit losses q2 2026

$2.7 million (vs $1.5 million Q2 2025)

Merger related expense six months 2026

$0.67 million

Price after filing

Close on the filing date to close N calendar days later (from $38.40). Historical, not a forecast.