Independent Bank Corporation Q3 2025 Earnings Release

Independent Bank Corporation reported its financial results for the third quarter of 2025, highlighting a net income of $17.5 million, or $0.84 per diluted share. Key financial metrics included a 3.2% annualized growth in total loans, a net interest margin of 3.54%, and an efficiency ratio of 58.86%. The company also noted strong asset quality, with non-performing assets at 0.38% of total assets. Additionally, Independent Bank Corporation announced the redemption of $40 million in subordinated debt and a 10.2% year-over-year increase in tangible common equity per share. The earnings release was accompanied by supplemental data and a slide presentation for the earnings conference call.