INDEPENDENT BANK CORP /MI/

IBCP · XNAS

CIK 39311fmd_1TQGV8G20EJ84W0K1QPNM6Y3KBFinance, Insurance and Real Estate · State Commercial BanksTemplate: Financials

Coverage: Jan 01, 2009 to Sep 30, 2026, 67 periods

Income Statement · Annual · Millions · USD
Line item	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Total interest income	87	98	131	149	140	138	169	240	267	270
Total revenues	122	132	27	26	24	29	32	33	32	32
Net interest income	80	89	113	123	124	130	150	156	166	180
Provision for credit losses	(1)	1	2	1	12	(2)	5	6	4	6
Net interest income after provision	81	88	112	122	111	132	144	150	162	174
Non-interest income	42	43	45	48	81	77	62	51	56	46
Compensation and benefits	50	55	62	68	75	80	81	79	85	85
Impairment of real estate	–	–	–	–	–	–	–	–	–	–
Non-interest expense	90	92	107	112	122	131	128	127	135	138
Interest expense	7	9	17	26	16	8	19	83	101	90
Income before taxes	33	38	49	58	69	77	78	74	83	81
Income tax expense	10	18	9	11	13	14	14	15	16	13
Net income from continuing operations	23	20	40	46	56	63	63	59	67	69
Net income	23	20	40	46	56	63	63	59	67	69
Net income to common shareholders	23	20	–	–	–	–	–	–	–	–