Independent Bank Corporation Reports Strong Q3 2025 Earnings and Loan Growth in Investor Presentation
Independent Bank Corporation reported strong Q3 2025 earnings with net income of $17.5 million ($0.84 per diluted share). Key highlights include a $3.5 million increase in net interest income, 10.2% growth in tangible book value per share, and a 3.2% annualized increase in total loans. Asset quality remained robust with nonperforming assets at 0.38%. The return on average assets was 1.27%, and the net interest margin reached 3.54%. The company also redeemed $40 million of subordinated debt and reported a loan-to-deposit ratio of 86%.
Independent Bank Corporation reported net income of $17.5 million, or $0.84 per diluted share, for the third quarter of 2025. The company noted a $3.5 million year-over-year increase in net interest income and a $0.7 million increase over the previous quarter. Tangible book value per share grew by 10.2% compared to the same period last year. The bank’s loan portfolio expanded, with total loans up 3.2% annualized and commercial loan growth at 10.9% annualized. Asset quality remained strong, with nonperforming assets at 0.38% of total assets and net charge-offs at 0.07% of average loans for the quarter. The return on average assets was 1.27% and return on average equity was 14.57%. The net interest margin reached 3.54%, and the efficiency ratio improved to 58.86%. The company also reported a loan-to-deposit ratio of 86%, a redemption of $40 million of subordinated debt, and an annualized 19.8% increase in tangible book value per share from the prior quarter. You can access the full presentation through the link below: here 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 October 28, 2025, and is solely responsible for the information contained therein. © Copyright 2025 - Public Technologies (PUBT) Original Document: here
