Independent Bank CORP /MI/

Market Movers (8-K)

NASDAQ
Independent Bank Corporation announced the appointment of Nathan E. Tagg to its Board of Directors, effective July 21, 2026, following the company's acquisition of HCB Financial Corp.
NASDAQ
Independent Bank Corporation announced robust second quarter 2026 financial results, with net income reaching $18.8 million, or $0.90 per diluted share, marking a significant increase from the prior year period.
NASDAQ
Independent Bank Corporation announces shareholder approval for the merger with HCB Financial Corp., with a target closing date of July 1, 2026.
NASDAQ
Independent Bank Corporation has secured regulatory approval from the Federal Reserve and Michigan regulators to acquire HCB Financial Corp.
NASDAQ
Independent Bank Corporation provided an investor update detailing Q1 2026 financial performance, strategic initiatives, and progress on its acquisition of HCB Financial Corp.
NASDAQ
Independent Bank Corporation shareholders re-elected directors, ratified auditors, and approved executive compensation at the 2026 Annual Meeting.

Quarterly Earnings (10-Q)

NASDAQ
Independent Bank Corporation reported a net income of $16.9 million for the first quarter of 2026, an increase from $15.6 million in the prior year, driven by higher net interest income and favorable fair value adjustments on mortgage loan servicing rights.
NASDAQ
Independent Bank Corporation reported a significant increase in net income for the third quarter of 2025, driven by higher net interest income and a favorable change in mortgage loan servicing valuation.
Capital raise
Worse than expected
NASDAQ
Independent Bank Corporation reported a decrease in net income for Q2 2025 and the first half of 2025, primarily due to increased credit loss provisions and a prior year gain on Visa stock, partially offset by improved net interest income.
Worse than expected
NASDAQ
Independent Bank Corporation's first quarter 2025 net income decreased slightly compared to the previous year, influenced by fair value changes in mortgage servicing rights and increased costs related to lending commitments, partially offset by net interest income growth.
Worse than expected
NASDAQ
Independent Bank Corporation's third quarter 2024 net income decreased compared to the same period last year, primarily due to changes in the fair value of mortgage servicing rights, partially offset by increased net interest income.
Worse than expected
NASDAQ
Independent Bank Corporation's Q2 2024 net income rose to $18.5 million, driven by increased net interest income and reduced credit loss provisions.
Better than expected

Annual Reports (10-K)

NASDAQ
Independent Bank Corporation announced a net income increase to $68.5 million in 2025, driven by loan growth and improved net interest margin, despite rising non-performing loans.
NASDAQ
Independent Bank Corporation announces a rise in net income for 2024, despite facing pressures from macroeconomic events and industry-specific challenges.
NASDAQ
Independent Bank Corporation's 2023 10-K filing reveals a year of increased net interest income and a detailed look at the company's financial health, risk factors, and regulatory landscape.
Worse than expected

Insider Trading (Form 4)

NASDAQ
Joan A. Budden, a Director at Independent Bank Corp., reported transactions involving common stock and phantom stock units.
NASDAQ
William J. Boer, a Director at Independent Bank Corp., reported the acquisition of 285 shares of common stock on July 1, 2026.
NASDAQ
Michael J. Cok, a Director at Independent Bank Corp, acquired phantom stock units under a deferred compensation plan, with settlement in common stock upon retirement.
NASDAQ
Stephen L. Gulis Jr., a Director at Independent Bank Corp., acquired 528.24 phantom stock units on May 14, 2026, under a deferred compensation plan.
NASDAQ
Michael G. Wooldridge, a Director at Independent Bank Corp. /MI/, acquired phantom stock units valued at $33.71 and $32.46 per share on May 14, 2026, and July 1, 2026, respectively.
NASDAQ
Director Dennis W. Archer Jr. of Independent Bank Corp. reported a transaction involving phantom stock units settled in common stock.

Proxy Statements (Def-14A)

NASDAQ
Independent Bank Corporation announces its 2026 Annual Meeting of Shareholders to address director elections, auditor ratification, and executive compensation votes.
Better than expected
NASDAQ
Independent Bank Corporation has filed a definitive proxy statement with the SEC.
NASDAQ
Independent Bank Corporation will hold its 2025 Annual Meeting of Shareholders virtually on April 22, 2025, to elect directors, ratify the appointment of independent auditors, and conduct an advisory vote on executive compensation.
Better than expected
NASDAQ
Independent Bank Corporation has filed a definitive proxy statement with the SEC.
NASDAQ
Independent Bank Corporation's proxy statement details the upcoming annual meeting, director elections, auditor ratification, and executive compensation, providing shareholders with key information for informed voting.
Worse than expected

Schedule 13G - Passive Investments

NASDAQ
Vanguard Capital Management reports beneficial ownership of 1,058,810 shares, representing 5.14% of the outstanding common stock of Independent Bank Corp/MI.
NASDAQ
The Vanguard Group has filed an amended Schedule 13G, reporting 0% beneficial ownership in Independent Bank Corp/MI following an internal realignment.
NASDAQ
The Vanguard Group has filed an amended Schedule 13G, reporting a 6.36% beneficial ownership stake in Independent Bank Corp/MI as of March 31, 2025, held for investment purposes.
NASDAQ
BlackRock Portfolio Management LLC has disclosed a 5.9% beneficial ownership stake in Independent Bank Corporation, holding 1,232,165 shares of common stock as of March 31, 2025.
NASDAQ
BlackRock, Inc. has filed an amended Schedule 13G, revealing a beneficial ownership of 8.9% in Independent Bank Corp /MI/ as of February 28, 2025.
NASDAQ
FMR LLC and Abigail P. Johnson have jointly disclosed a beneficial ownership of 5.0% of the common stock of Independent Bank Corp Mich as of December 31, 2024.