• Independent Bank posted 1Q 2026 net income of USD 16.9 million, or USD 0.81 per diluted share.
• Net interest income rose USD 3.2 million year over year to USD 46.9 million, extending its streak to an 11th consecutive quarter of increases.
• Net interest margin widened to 3.65% from 3.49% a year earlier, while cost of deposits eased to 1.54% from 1.67% in 4Q 2025.
• Commercial loans climbed USD 53.8 million, driving total loan growth of 3.0% annualized; asset quality stayed solid with NPAs at 0.51% of total assets.
• Company reiterated 2026 outlook for 4.5%-5.5% loan growth, 7%-8% net interest income growth, and a 0.20%-0.25% provision for credit losses as a percentage of average total portfolio loans.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Independent Bank Corporation published the original content used to generate this news brief on May 06, 2026, and is solely responsible for the information contained therein.