---
title: "INDEPENDENT BANK CORP /MI/ Q2 2026: Net income $18.8M, EPS $0.9— 10-Q Summary"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294992761.md"
description: "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."
datetime: "2026-08-05T16:21:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294992761.md)
  - [en](https://longbridge.com/en/news/294992761.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294992761.md)
generator: "portal-rs"
---

# INDEPENDENT BANK CORP /MI/ Q2 2026: Net income $18.8M, EPS $0.9— 10-Q Summary

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

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**