The earnings call reflected a positive sentiment overall, driven by strong loan growth, expanding net interest margins, and robust credit metrics. Technological advancements further bolstered operational efficiency. However, challenges were noted in the decline of noninterest income and core deposits, and a decrease in mortgage loan servicing revenue.
Company Guidance
During the second quarter of 2025, Independent Bank Corporation reported net income of $16.9 million, or $0.81 per diluted share, a decrease from $18.5 million, or $0.88 per diluted share, in the prior year period. Notable metrics include a 9% annualized increase in overall loans, with commercial loans growing by 15.3% annualized, and a 1.4% annualized decline in core deposits due to seasonality. The bank achieved a 9 basis point expansion in net interest margin from the previous quarter, reaching 3.58%. Credit metrics remained strong with nonperforming assets at 16 basis points of total assets and net charge-offs at 2 basis points of average loans. The allowance for credit losses stood at 1.47% of total loans. The company's tangible common equity per share grew by 10.8% compared to the prior year quarter, with a return on average assets of 1.27% and a return on average equity of 14.66%. Total deposits as of June 30, 2025, were reported at $4.7 billion. The bank also repurchased 251,183 shares of common stock for $7.3 million during the quarter.
Solid Loan Growth
Total loans grew by $91.7 million or 9% annualized. Commercial loan generation was strong with $75.8 million of quarterly growth, marking a 15.3% annualized increase.
Net Interest Margin Expansion
The net interest margin increased by 9 basis points from the prior quarter to 3.58%, with net interest income rising by $3.3 million from the previous year.
Strong Credit Metrics
Nonperforming loans were low at 20 basis points of total loans, with past due loans at 16 basis points. Net charge-offs were minimal at 2 basis points of average loans.
Technological Enhancements
Rolled out new technologies, including AI chat functions, improving customer interaction and operational efficiency.
Independent Bank (IBCP) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
IBCP Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Jul 28, 2025
$32.18
$32.01
-0.53%
Apr 24, 2025
$30.75
$30.38
-1.20%
Jan 23, 2025
$33.96
$34.39
+1.27%
Oct 24, 2024
$32.19
$31.72
-1.46%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Independent Bank (IBCP) report earnings?
Independent Bank (IBCP) is schdueled to report earning on Oct 28, 2025, Before Open (Confirmed).
What is Independent Bank (IBCP) earnings time?
Independent Bank (IBCP) earnings time is at Oct 28, 2025, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.