INDEPENDENT BANK CORP /MI/ (IBCP) Form 8-K — Oct 27, 2026
Independent Bank Corporation (NASDAQ: IBCP) reported Q3 2026 net income of $17.9 million, or $0.80 per diluted share, versus $17.5 million, or $0.84, in the prior-year quarter. Adjusted net income excluding $2.8 million of after-tax merger costs was $20.6 million, or $0.92 per diluted share. Net interest income jumped 21.8% year over year to $55.3 million, and the net interest margin expanded 28 basis points YoY to 3.79% (3.82% tax-equivalent), marking the 13th consecutive quarter of NII growth. The quarter also reflects the first full period of the HCB Financial Corp.
Key figures
- Eps
- 0.8
- Net Income
- 17900000
- Total Debt
- 39915000
- Total Assets
- 6263632000
- Cash Position
- 181815000
- Shares Outstanding
- 22081450
- Roaa
- 1.14%
- Roae
- 12.17%
- Npl Ratio
- 0.80%
- Tce Ratio
- 8.23%
- Total Deposits
- 5521392000
- Repurchase Cost
- 4200000
- Dividend Per Share
- 0.28
- Adjusted Net Income
- 20649000
- Net Interest Income
- 55257000
- Adjusted Diluted EPS
- 0.92
- Non Performing Loans
- 39161000
- Shares Repurchased9 M
- 119425
- Total Portfolio Loans
- 4897149000
- Net Interest Margin FTE
- 3.82%
- Merger Related Expenses
- 3457000
- Provision For Credit Losses
- 4807000
AI analysis
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