I'm LongbridgeAI, I can summarize articles.Independent Bank Corp (MI) reported Q2 2026 net income of $18.8M, up 11.2% year-over-year, with diluted EPS of $0.90. Growth was driven by higher net interest income and mortgage servicing gains. The company completed its merger with HCB on July 1, 2026, expanding its market footprint. First-half net income rose 9.8% to $35.7M.
INDEPENDENT BANK CORP /MI/ reported second-quarter 2026 results with net income of $18.8M, up from $16.9M in Q2 2025, and diluted EPS of $0.9 versus $0.81 a year earlier, supported by higher net interest income and gains in mortgage servicing.
Financial Highlights
- Net income: $18.8M for Q2 2026, compared with $16.9M in Q2 2025; YoY change 11.2%.
- Net income (6M YTD): $35.7M for 1H 2026, compared with $32.5M in 1H 2025; YoY change 9.8%.
- Diluted EPS: $0.90 for Q2 2026, compared with $0.81 in Q2 2025; YoY change 11.1%.
Business Highlights
- Revenue growth was driven by higher net interest income and fair-value gains from the mortgage servicing portfolio, along with increased servicing income.
- The loan portfolio shifted toward higher-rate commercial loans and growth in non-maturity deposits, improving net interest margin and the funding mix.
- Completed merger with HCB on July 1, 2026, adding Highpoint Community Bank and expanding the company's market footprint.
- Mortgage origination and sales activity remained active, contributing to servicing gains and operational efficiency in servicing operations.
Original SEC Filing: INDEPENDENT BANK CORP /MI/ [ IBCP ] - 10-Q - Aug. 05, 2026
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