Independent Bank Corporation Reports Strong Q3 2025 Earnings and Loan Growth in Investor Presentation
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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%.
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