---
title: "Independent Bank Michigan Q4 net income rises slightly"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/273377351.md"
datetime: "2026-01-22T13:09:47.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273377351.md)
  - [en](https://longbridge.com/en/news/273377351.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273377351.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/273377351.md) | [繁體中文](https://longbridge.com/zh-HK/news/273377351.md)


# Independent Bank Michigan Q4 net income rises slightly

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Overview

-   Michigan bank’s Q4 net income slightly up from prior year
-   Net interest income for Q4 rose 8.2% yr/yr
-   Company authorized 2026 share repurchase plan for up to 1.1 mln shares

Outlook

-   Company anticipates strong earnings supported by a robust commercial loan pipeline
-   Independent Bank authorized 2026 share repurchase plan for up to 1.1 mln shares
-   Company expects tax credit transfer agreement to enhance earnings per share

Result Drivers

-   NET INTEREST INCOME - Increase driven by higher net interest margin and average earnings assets
-   COMMERCIAL LOAN GROWTH - Growth in loans, especially commercial, supported results
-   TAX CREDIT BENEFIT - Tax credit transfer agreement provided $1.8 mln benefit

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

### Q4 EPS $0.89

Q4 Net $18.60

Income mln

Q4 Net $46.40

Interest mln

Income

Analyst Coverage

-   The current average analyst rating on the shares is “hold” and the breakdown of recommendations is no “strong buy” or “buy”, 5 “hold” and no “sell” or “strong sell”
-   The average consensus recommendation for the banks peer group is “buy.”
-   Wall Street’s median 12-month price target for Independent Bank Corp (Michigan) is $36.00, about 2.7% above its January 21 closing price of $35.05
-   The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 9 three months ago

Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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