Independent Bank Corp. filings document the regulatory record of a Michigan bank holding company operating through Independent Bank, its state-chartered banking subsidiary. Form 8-K reports cover quarterly results, supplemental earnings materials, investor presentations furnished under Regulation FD, and other material-event disclosures tied to operating performance and capital actions.
Proxy and shareholder-meeting filings describe director elections, auditor ratification, executive compensation, governance practices and voting results. The company's SEC record also includes disclosures on capital structure, risk factors, forward-looking statements, financial-condition reporting and the governance framework for its community banking, mortgage lending, investment, insurance and title-service activities.
FMR LLC filed an Amendment No. 1 to Schedule 13G/A reporting beneficial ownership of 566,152.79 shares of INDEPENDENT BANK CORP MICH common stock. The filing shows 2.7% of the class beneficially owned, with sole dispositive power over 566,152.79 shares and sole voting power reported as 562,265 shares. The filing is signed under a power of attorney and references Exhibit 99 for a 13d-1(k)(1) agreement.
Independent Bank Corporation reports solid first-quarter 2026 results, with net income of $16.9 million compared with $15.6 million a year earlier. Basic earnings per share rose to $0.82 from $0.74, while diluted EPS increased to $0.81.
Net interest income grew to $46.9 million, supported by higher loan balances and lower interest expense, and the provision for credit losses declined to $0.4 million. Non-interest income improved to $12.0 million, helped by stronger mortgage servicing results, although gains on mortgage loan sales were lower.
Non-interest expense increased to $38.3 million, driven by higher compensation, $1.5 million of litigation expense, and $0.3 million of merger-related costs tied to the pending acquisition of HCB Financial Corp. Total assets reached $5.56 billion, loans were $4.31 billion, and deposits were $4.88 billion at March 31, 2026.
Independent Bank Corporation proposes to acquire HCB Financial Corp. in a stock-and-cash merger. Under the Merger Agreement, each share of HCB common stock will be converted into $17.51 in cash plus 1.5900 shares of Independent common stock (cash in lieu of fractional shares). Completion is subject to HCB shareholder approval, required regulatory approvals and customary closing conditions. Independent reported $5.558 billion in total assets as of March 31, 2026; HCB reported $589.7 million in total assets as of December 31, 2025. The HCB board unanimously recommends shareholder approval and received a fairness opinion from Hovde Group, LLC.
Vanguard Capital Management reported beneficial ownership of 1,058,810 shares of Independent Bank Corp common stock, representing 5.14% of the class. The filing states Vanguard has sole dispositive power for 1,058,810 shares and sole voting power for 153,610 shares. The report covers holdings exercised on behalf of Vanguard business units and funds and is signed on 04/30/2026.
The filing identifies the issuer's principal executive office in Grand Rapids, MI, and lists Vanguard Capital Management's Malvern, PA address as the reporting person.
Independent Bank Corporation furnished an investor presentation detailing recent performance and strategy, including the planned acquisition of HCB Financial Corp. and first quarter 2026 results. For 1Q'26, net income was $16.9 million, or $0.81 per diluted share, with return on average assets of 1.24% and return on average equity of 13.43%. Total portfolio loans grew 3.0% annualized, while asset quality remained strong with non-performing assets at 0.51% of total assets and net charge-offs at 0.01% of average loans. Net interest margin improved to 3.65% and tangible book value per share rose 12.0% versus the prior year quarter. The presentation also highlights the proposed purchase of HCB, a roughly $600 million-asset community bank, expected to add about 6% 2027 EPS accretion with around 4% tangible book value per share dilution and a 3.4-year earnback, leaving pro forma CET1 at about 11.5%.
Independent Bank Corporation reported voting results from its April 21, 2026 annual shareholder meeting. Shareholders elected four directors, including three to terms running until the 2029 meeting and one to a term running until the 2027 meeting.
Investors also ratified Crowe LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026. An advisory vote approved the compensation of named executive officers. In a separate advisory vote on frequency, more than 94% of votes cast favored holding the executive compensation advisory vote every year, and the company plans to hold it annually until at least the next required frequency vote.
Independent Bank Corporation reported solid first‑quarter 2026 results, showing steady growth in earnings and balance sheet strength. Net income was $16.9 million, or $0.81 per diluted share, up from $15.6 million, or $0.74, a year earlier.
Net interest income rose to $46.9 million, with a fully tax‑equivalent net interest margin of 3.65%, up from 3.49% in the prior‑year quarter, helped by lower deposit costs. Return on average assets was 1.24% and return on average equity was 13.43%, indicating strong profitability.
Loans reached $4.31 billion and deposits $4.88 billion, with core deposits growing and time deposits declining modestly. Asset quality remained sound: non‑performing loans were 0.64% of total portfolio loans, while the allowance for credit losses stayed at 1.48%. Capital remained robust, with a tangible common equity ratio of 8.71% and total risk‑based capital ratio of 12.68% at the bank level.
Independent Bank Corporation furnished a shareholder presentation used at its 2026 annual meeting, highlighting 2025 performance, governance matters and voting items. Shareholders were entitled to vote 20,769,374 shares on director elections, auditor ratification and advisory votes on executive pay and its frequency.
For 2025, the Company reported net income of $68.5 million and diluted earnings per share of $3.27. Return on average assets was 1.27% and return on average equity was 14.43%. Net interest income reached $180.0 million, with a fully taxable equivalent net interest margin of 3.56%. Pre-tax, pre-provision income was $87.4 million.
Portfolio loans grew $237.5 million, or 5.9%, led by commercial loan growth of $276.2 million. Deposits excluding brokered time deposits increased $107.6 million, and the loan-to-deposit ratio was 89.8%. Nonperforming assets represented 0.44% of total assets, and tangible common equity totaled $473.7 million, supporting a tangible book value per share of $23.04. The Company paid $1.04 in cash dividends per share, an 8% increase over the prior year, and returned 31.5% of 2025 earnings to shareholders through dividends.
Independent Bank Corp. executive Gavin A. Mohr filed an amended insider report to correct a prior tax-withholding entry. The filing shows a tax-withholding disposition of 1,659 shares of common stock at $33.78 per share to cover tax obligations, not an open-market sale. After this correction, Mohr directly holds 27,396 shares of Independent Bank Corp. common stock.
Independent Bank Corp. Executive Vice President Stefanie M. Kimball filed an amended insider report to correct tax-related share withholding figures. On April 6, 2026, 1,672 shares of common stock were withheld at $33.78 per share to cover tax obligations, a non-market transaction. After this adjustment, Kimball directly holds 65,727 common shares of Independent Bank Corp.