ibcp-20251028

Exhibit 99.1

NEWS RELEASE

Independent Bank Corporation

4200 East Beltline

Grand Rapids, MI 49525

616.527.5820


For Release:			Immediately
Contact:			William B. Kessel, President and CEO, 616.447.3933 Gavin A. Mohr, Chief Financial Officer, 616.447.3929

INDEPENDENT BANK CORPORATION REPORTS 2025 THIRD QUARTER RESULTS

Third Quarter Highlights

Highlights for the third quarter of 2025 include:

•Increase in net interest income of $0.7 million (or 1.7% ) over the second quarter of 2025;

•Increase in tangible common equity per share of common stock of $1.06 (or 20.0% annualized) from June 30, 2025;

•Net growth in total deposits, less brokered time deposits of $148.2 million (or 13.0% annualized) from June 30, 2025;

•Net growth in loans of $33.9 million (or 3.2% annualized) from June 30, 2025; and

•The payment of a 26 cent per share dividend on common stock on August 15, 2025.

GRAND RAPIDS, Mich., October 28, 2025 - Independent Bank Corporation (NASDAQ: IBCP) reported third quarter 2025 net income of $17.5 million, or $0.84 per diluted share, versus net income of $13.8 million, or $0.65 per diluted share, in the prior-year period.

William B. (“Brad”) Kessel, the President and Chief Executive Officer of Independent Bank Corporation, commented: “

I am proud of our team’s performance and pleased to report continued positive momentum in our third quarter 2025 results. Loan balances grew at an annualized rate of 3.2%, and total deposits, less brokered time deposits increased by 13.0% (annualized). We achieved growth in net interest income both sequentially and year-over-year. Our net interest margin displayed a small decline on a linked quarter basis primarily due to the acceleration of unamortized issuance costs on subordinated debt we redeemed in the third quarter. I would characterize the NIM as stable when adjusting for this event. Expense management remains a strength, as reflected in our third-quarter efficiency ratio of 58.86%, which demonstrates the effectiveness of our recent strategic investments. These solid fundamentals supported a 10.2% year-over-year increase in tangible common equity per share and strong returns, including a return on average assets of 1.27% and a return on average equity of 14.57%. Despite market uncertainty, our credit quality remains strong, with watch credits at low levels. Non-performing assets increased from 0.16% of total assets to 0.38% of total assets on a quarter-over-quarter basis primarily as the result of one commercial relationship where the borrower is experiencing financial difficulties. Our

annualized net charge-offs continue at historically low levels, four basis points through the first three quarters of 2025. The allowance for credit losses stands at 1.49% of total loans. I am optimistic we will finish 2025 strong and remain excited about our prospects to grow our customer base and earnings in 2026.”

Significant items impacting comparable third quarter 2025 and 2024 results include the following:

•Changes in the fair value due to price of capitalized mortgage loan servicing rights (the “MSR Changes”) of $(0.6) million ($(0.02) per diluted share, after taxes) for the three-month period ended September 30, 2025, as compared to $(4.2) million ($(0.16) per diluted share, after taxes) for the three-month period ended September 30, 2024.

Operating Results

The Company’s net interest income totaled $45.4 million during the third quarter of 2025, an increase of $3.5 million, or 8.4% from the year-ago period, and an increase of $0.7 million, or 1.7%, from the second quarter of 2025. The Company’s tax equivalent net interest income as a percent of average interest-earning assets (the “net interest margin”) was 3.54% during the third quarter of 2025, compared to 3.37% in the year-ago period, and 3.58% in the second quarter of 2025. The year-over-year quarterly increase in net interest income was due to both an increase in average interest-earning assets and the higher net interest margin. The linked quarter increase in net interest income was due to an increase in average interest-earning assets that was partially offset by a modest decrease in net interest margin. Average interest-earning assets were $5.16 billion in the third quarter of 2025, compared to $4.99 billion in the year-ago quarter and $5.04 billion in the second quarter of 2025.

Non-interest income totaled $11.9 million for the third quarter of 2025, compared to $9.5 million in the comparable prior year period. This change was primarily due to variances in mortgage banking related revenues.

Net gains on mortgage loans in the third quarters of 2025 and 2024 were approximately $1.5 million and $2.2 million, respectively. The comparative quarterly decrease in net gains on mortgage loans was due to a decrease in both gain on sale margin on mortgage loans sold and a decrease in the volume of mortgage loans sold.

Mortgage loan servicing, net, generated income (expense) of $0.1 million and $(3.1) million in the third quarters of 2025 and 2024, respectively. The significant variance in mortgage loan servicing, net is primarily due to changes in the fair value of capitalized mortgage loan servicing rights associated with changes in interest rates and the associated expected future prepayment levels and expected float rates as well as a decline in servicing revenue. The decline in servicing revenue is attributed to the sale of approximately $931 million of mortgage servicing rights on January 31, 2025. Capitalized mortgage loan servicing rights totaled $31.5 million and $46.8 million at September 30, 2025 and December 31, 2024, respectively. The decline during the first nine months of 2025 was primarily attributable to the aforementioned mortgage servicing right sale. This transaction was executed in part to reduce the amount of exposure the Company had to rate variances that may impact the mortgage servicing right asset valuation in future periods. While the magnitude of fair value adjustments would also be expected to decrease, those adjustments are dependent upon factors that are harder to predict.

Mortgage loan servicing, net activity is summarized in the following table:


	Three months ended				Nine months ended
	9/30/2025		9/30/2024		9/30/2025		9/30/2024
	(In thousands)
Mortgage loan servicing, net:
Revenue, net	$	1,614	$	2,248	$	5,145	$	6,681
Fair value change due to price	(576)		(4,155)		(2,328)		(1,979)
Fair value change due to pay-downs	(903)		(1,223)		(2,656)		(3,016)
Loss on sale of originated servicing rights	$	(61)	$	—	(233)		—
Total	$	74	$	(3,130)	$	(72)	$	1,686

Non-interest expenses totaled $34.1 million in the third quarter of 2025, compared to $32.6 million in the year-ago period.

The Company recorded income tax expense of $3.7 million in the third quarter of 2025. This compares to an income tax expense of $3.5 million in the third quarter of 2024. The change in income tax expense principally reflects changes in pre-tax earnings in 2025 relative to 2024.

Asset Quality

A breakdown of non-performing loans by loan type is as follows (1):


	9/30/2025			12/31/2024			9/30/2024
Loan Type	(Dollars in thousands)
Commercial	$	13,825		$	54		$	59
Mortgage	7,873			7,005			6,525
Installment	900			733			666
Sub total	22,598			7,792			7,250
Less - government guaranteed loans	2,243			1,790			2,102
Total non-performing loans	$	20,355		$	6,002		$	5,148
Ratio of non-performing loans to total portfolio loans	0.48		%	0.15		%	0.13		%
Ratio of non-performing assets to total assets	0.38		%	0.13		%	0.11		%
Ratio of allowance for credit losses to total non-performing loans	306.85		%	989.32		%	1115.85		%

(1) Non performing loans include non-accrual loans and loans 90 days or more past due and still accruing interest.

The provision for credit losses was an expense of $1.99 million and $1.49 million in the third quarters of 2025 and 2024, respectively. We recorded loan net charge offs of $0.73 million and $0.31 million in the third quarters of 2025 and 2024, respectively. At September 30, 2025, the allowance for credit losses for loans totaled $62.5 million, or 1.49% of total portfolio loans compared to $59.4 million, or 1.47% of total portfolio loans at December 31, 2024.

Balance Sheet, Capital and Liquidity

Total assets were $5.49 billion at September 30, 2025, an increase of $155.0 million from December 31, 2024. Loans, excluding loans held for sale, were $4.20 billion at September 30, 2025, compared to $4.04 billion at December 31, 2024. Deposits totaled $4.86 billion at September 30, 2025, an increase of $205.1 million from December 31, 2024. This increase is primarily due to increases in savings and interest-bearing checking, reciprocal, time and brokered time deposits that were partially offset by decreases in non-interest bearing deposits.

Cash and cash equivalents totaled $208.7 million at September 30, 2025, versus $119.9 million at December 31, 2024. Securities available for sale (“AFS”) totaled $502.6 million at September 30, 2025, versus $559.2 million at December 31, 2024.

On August 31, 2025 we redeemed our $40 million floating subordinated notes. This redemption did not affect our status as well-capitalized for regulatory purposes or have a material impact on our liquidity resources.

Total shareholders’ equity was $490.7 million at September 30, 2025, or 8.93% of total assets compared to $454.7 million or 8.52% at December 31, 2024. Tangible common equity totaled $461.3 million at September 30, 2025, or $22.29 per share compared to $424.9 million or $20.33 per share at December 31, 2024. The increases in shareholders’ equity as well as tangible common equity are primarily the result of earnings retention and a reduction in the accumulated other comprehensive loss.

The Company’s wholly owned subsidiary, Independent Bank, remains significantly above “well capitalized” for regulatory purposes with the following ratios:


Regulatory Capital Ratios	9/30/2025		12/31/2024		Well Capitalized Minimum

Tier 1 capital to average total assets	9.19	%	9.58	%	5.00	%
Common equity tier 1 capital to risk-weighted assets	11.33	%	11.74	%	6.50	%
Tier 1 capital to risk-weighted assets	11.33	%	11.74	%	8.00	%
Total capital to risk-weighted assets	12.58	%	12.99	%	10.00	%

At September 30, 2025, in addition to liquidity available from our normal operating, funding, and investing activities, we had unused credit lines with the FHLB and FRB of approximately $1.15 billion and $468.8 million, respectively. We also had approximately $465.9 million in fair value of unpledged securities AFS and HTM at September 30, 2025 which could be pledged for an estimated additional borrowing capacity at the FHLB and FRB of approximately $437.3 million.

Share Repurchase Plan

On December 17, 2024, the Board of Directors of the Company authorized the 2025 share repurchase plan. Under the terms of the 2025 share repurchase plan, the Company is authorized to purchase up to 1,100,000 shares, or approximately 5% of its then outstanding common stock. The repurchase plan is authorized to last through December 31, 2025. During the nine month period ended September 30, 2025, there were 266,008 shares of common stock repurchased, for an aggregate purchase price of $7.77 million.

Earnings Conference Call

Brad Kessel, President and CEO, Gavin Mohr, CFO and Joel Rahn, EVP – Commercial Banking will review the quarterly results in a conference call for investors and analysts beginning at 11:00 am ET on Tuesday, October 28, 2025.

To participate in the live conference call, please dial 1-833-470-1428 (Access Code # 362565). Also, the conference call will be accessible through an audio webcast with user-controlled slides via the following site/URL: https://events.q4inc.com/attendee/579402272.

A playback of the call can be accessed by dialing 1-866-813-9403 (Access Code # 783472). The replay will be available through November 4, 2025.

About Independent Bank Corporation

Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $5.5 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan's Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, consumer banking, investments and insurance. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves.

For more information, please visit our Web site at: IndependentBank.com.

Forward-Looking Statements

This presentation contains forward-looking statements, which are any statements or information that are not historical facts. These forward-looking statements include statements about our anticipated future revenue and expenses and our future plans and prospects.

Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ materially from those anticipated. For example, deterioration in general business and economic conditions or turbulence in domestic or global financial markets could adversely affect our revenues and the values of our assets and liabilities, reduce the availability of funding to us, lead to a tightening of credit, and increase stock price volatility. Our results could also be adversely affected by changes in interest rates; increases in unemployment rates; deterioration in the credit quality of our loan portfolios or in the value of the collateral securing those loans; deterioration in the value of our investment securities; legal and regulatory developments; changes in customer behavior and preferences; breaches in data security; and management’s ability to effectively manage the multitude of risks facing our business. Key risk factors that could affect our future results are described in more detail in our Annual Report on Form 10-K for the year ended December 31, 2024 and the other reports we file with the SEC, including under the heading “Risk Factors.” Investors should not place undue reliance on forward-looking statements as a prediction of our future results.

Any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise.

INDEPENDENT BANK CORPORATION AND SUBSIDIARIES

Consolidated Statements of Financial Condition


	September 30, 2025		December 31, 2024
	(Unaudited)
	(In thousands, except share amounts)
Assets
Cash and due from banks	$	56,378	$	56,984
Interest bearing deposits	152,308		62,898
Cash and Cash Equivalents	208,686		119,882
Securities available for sale	502,583		559,182
Securities held to maturity (fair value of $293,242 at September 30, 2025 and $301,860 at December 31, 2024)	321,450		339,436
Federal Home Loan Bank and Federal Reserve Bank stock, at cost	18,102		16,099
Loans held for sale, carried at fair value	11,654		7,643

Loans
Commercial	2,125,053		1,937,364
Mortgage	1,517,656		1,516,726
Installment	555,574		584,735
Total Loans	4,198,283		4,038,825
Allowance for credit losses	(62,459)		(59,379)
Net Loans	4,135,824		3,979,446
Other real estate and repossessed assets, net	589		938
Property and equipment, net	38,805		37,492
Bank-owned life insurance	53,875		53,855
Capitalized mortgage loan servicing rights, carried at fair value	31,522		46,796
Other intangibles, net	1,123		1,488
Goodwill	28,300		28,300
Accrued income and other assets	140,600		147,547
Total Assets	$	5,493,113	$	5,338,104

Liabilities and Shareholders' Equity
Deposits
Non-interest bearing	$	1,003,521	$	1,013,647
Savings and interest-bearing checking	2,040,462		1,995,314
Reciprocal	981,115		907,031
Time	660,815		628,285
Brokered time	173,242		109,811
Total Deposits	4,859,155		4,654,088
Other borrowings	2,006		45,009
Subordinated debt	—		39,586
Subordinated debentures	39,847		39,796
Accrued expenses and other liabilities	101,363		104,939
Total Liabilities	5,002,371		4,883,418

Shareholders’ Equity
Preferred stock, no par value, 200,000 shares authorized; none issued or outstanding	—		—
Common stock, no par value, 500,000,000 shares authorized; issued and outstanding: 20,691,604 shares at September 30, 2025 and 20,895,714 shares at December 31, 2024	311,770		318,777
Retained earnings	239,602		205,853
Accumulated other comprehensive loss	(60,630)		(69,944)
Total Shareholders’ Equity	490,742		454,686
Total Liabilities and Shareholders’ Equity	$	5,493,113	$	5,338,104

INDEPENDENT BANK CORPORATION AND SUBSIDIARIES

Consolidated Statements of Operations


	Three Months Ended						Nine Months Ended
	September 30, 2025		June 30, 2025		September 30, 2024		September 30,
							2025		2024
	(Unaudited)
Interest Income	(In thousands, except per share amounts)
Interest and fees on loans	$	61,325	$	59,535	$	58,410	$	178,628	$	170,239
Interest on securities
Taxable	3,660		3,796		4,502		11,492		14,466
Tax-exempt	2,767		2,773		3,404		8,310		10,195
Other investments	1,538		774		2,018		3,882		4,898
Total Interest Income	69,290		66,878		68,334		202,312		199,798
Interest Expense
Deposits	21,972		20,462		24,462		63,389		70,148
Other borrowings and subordinated debt and debentures	1,957		1,801		2,018		5,262		6,253
Total Interest Expense	23,929		22,263		26,480		68,651		76,401
Net Interest Income	45,361		44,615		41,854		133,661		123,397
Provision for credit losses	1,991		1,500		1,488		4,212		2,251
Net Interest Income After Provision for Credit Losses	43,370		43,115		40,366		129,449		121,146
Non-interest Income
Interchange income	4,157		3,390		4,146		10,674		10,698
Service charges on deposit accounts	3,131		2,981		3,085		8,926		8,894
Net gains (losses) on assets
Mortgage loans	1,474		1,631		2,177		5,408		4,874
Equity securities at fair value	—		—		(8)		—		2,685
Securities available for sale	(36)		11		(145)		(355)		(414)
Mortgage loan servicing, net	74		490		(3,130)		(72)		1,686
Other	3,137		2,822		3,383		9,105		8,818
Total Non-interest Income	11,937		11,325		9,508		33,686		37,241
Non-interest Expense
Compensation and employee benefits	21,125		21,123		20,048		62,631		62,069
Data processing	3,784		3,847		3,379		11,360		9,891
Occupancy, net	2,127		2,046		1,893		6,396		5,853
Interchange expense	1,180		1,177		1,149		3,476		3,373
Furniture, fixtures and equipment	892		793		932		2,570		2,834
Advertising	526		833		581		2,220		1,860
Loan and collection	618		744		657		2,148		1,868
FDIC deposit insurance	615		637		664		1,963		2,141
Legal and professional	682		500		687		1,661		1,717
Communications	465		470		519		1,526		1,633

Other	2,117		1,592		2,074		6,204		4,870
Total Non-interest Expense	34,131		33,762		32,583		102,155		98,109
Income Before Income Tax	21,176		20,678		17,291		60,980		60,278
Income tax expense	3,674		3,801		3,481		11,011		11,949
Net Income	$	17,502	$	16,877	$	13,810	$	49,969	$	48,329
Net Income Per Common Share
Basic	$	0.85	$	0.81	$	0.66	$	2.40	$	2.31
Diluted	$	0.84	$	0.81	$	0.65	$	2.38	$	2.29

INDEPENDENT BANK CORPORATION AND SUBSIDIARIES

Selected Financial Data


	September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024
	(unaudited)
	(Dollars in thousands except per share data)
Three Months Ended
Net interest income	$	45,361		$	44,615		$	43,685		$	42,851		$	41,854
Provision for credit losses	1,991			1,500			721			2,217			1,488
Non-interest income	11,937			11,325			10,424			19,121			9,508
Non-interest expense	34,131			33,762			34,262			36,987			32,583
Income before income tax	21,176			20,678			19,126			22,768			17,291
Income tax expense	3,674			3,801			3,536			4,307			3,481
Net income	$	17,502		$	16,877		$	15,590		$	18,461		$	13,810

Basic earnings per share	$	0.85		$	0.81		$	0.74		$	0.88		$	0.66
Diluted earnings per share	0.84			0.81			0.74			0.87			0.65
Cash dividend per share	0.26			0.26			0.26			0.24			0.24

Average shares outstanding	20,702,235			20,749,925			20,943,094			20,893,820			20,896,019
Average diluted shares outstanding	20,904,857			20,945,522			21,150,550			21,122,096			21,115,273

Performance Ratios
Return on average assets	1.27		%	1.27		%	1.18		%	1.39		%	1.04		%
Return on average equity	14.57			14.66			13.71			16.31			12.54
Efficiency ratio (1)	58.86			59.67			62.20			59.09			62.82

As a Percent of Average Interest-Earning Assets (1)
Interest income	5.38		%	5.35		%	5.28		%	5.37		%	5.48		%
Interest expense	1.84			1.77			1.79			1.92			2.11
Net interest income	3.54			3.58			3.49			3.45			3.37

Average Balances
Loans	$	4,201,557		$	4,128,771		$	4,060,941		$	3,994,661		$	3,909,954
Securities	826,362			846,052			883,676			912,073			933,750
Total earning assets	5,159,681			5,036,090			5,078,596			5,007,566			4,985,842
Total assets	5,451,922			5,324,959			5,378,022			5,300,368			5,275,623
Deposits	4,786,408			4,646,639			4,715,331			4,655,091			4,616,119
Interest bearing liabilities	3,862,024			3,763,477			3,799,852			3,717,483			3,689,684
Shareholders' equity	476,422			461,720			461,291			450,214			438,077

(1)Presented on a fully tax equivalent basis assuming a marginal tax rate of 21%.

INDEPENDENT BANK CORPORATION AND SUBSIDIARIES

Selected Financial Data (continued)


	September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024
	(unaudited)
	(Dollars in thousands except per share data)
End of Period
Capital
Tangible common equity ratio	8.44		%	8.16		%	8.26		%	8.00		%	8.08		%
Tangible common equity ratio excluding accumulated other comprehensive loss	9.35			9.24			9.31			9.10			8.99
Average equity to average assets	8.74			8.67			8.58			8.49			8.30
Total capital to risk-weighted assets (2)	13.67			14.20			14.51			14.22			14.25
Tier 1 capital to risk-weighted assets (2)	12.42			12.23			12.34			12.06			12.06
Common equity tier 1 capital to risk-weighted assets (2)	11.55			11.36			11.45			11.17			11.16
Tier 1 capital to average assets (2)	10.07			10.07			9.89			9.85			9.63
Common shareholders' equity per share of common stock	$	23.72		$	22.65		$	22.28		$	21.76		$	21.65
Tangible common equity per share of common stock	22.29			21.23			20.87			20.33			20.22
Total shares outstanding	20,691,604			20,715,650			20,970,115			20,895,714			20,893,800

Selected Balances
Loans	$	4,198,283		$	4,164,367		$	4,072,691		$	4,038,825		$	3,942,287
Securities	824,033			838,813			866,604			898,618			932,312
Total earning assets	5,204,380			5,105,579			5,031,975			5,024,083			4,964,784
Total assets	5,493,113			5,418,519			5,328,428			5,338,104			5,259,268
Deposits	4,859,155			4,659,359			4,633,931			4,654,088			4,626,875
Interest bearing liabilities	3,897,487			3,832,845			3,768,435			3,764,832			3,682,482
Shareholders' equity	490,742			469,250			467,277			454,686			452,369

(2)September 30, 2025 are Preliminary.

Reconciliation of Non-GAAP Financial Measures

Independent Bank Corporation

Independent Bank Corporation believes non-GAAP measures are meaningful because they reflect adjustments commonly made by management, investors, regulators and analysts to evaluate the adequacy of common equity and performance trends. Tangible common equity is used by the Company to measure the quality of capital.

Reconciliation of Non-GAAP Financial Measures


	Three Months Ended September 30,						Nine Months Ended September 30,
	2025			2024			2025			2024
	(Dollars in thousands)
Net Interest Margin, Fully Taxable Equivalent ("FTE")

Net interest income	$	45,361		$	41,854		$	133,661		$	123,397
Add: taxable equivalent adjustment	443			158			1,339			513
Net interest income - taxable equivalent	$	45,804		$	42,012		$	135,000		$	123,910
Net interest margin (GAAP) (1)	3.51		%	3.35		%	3.50		%	3.34		%
Net interest margin (FTE) (1)	3.54		%	3.37		%	3.54		%	3.35		%

(1)Annualized.

Tangible Common Equity Ratio


	September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024
	(Dollars in thousands)
Common shareholders' equity	$	490,742		$	469,250		$	467,277		$	454,686		$	452,369
Less:
Goodwill	28,300			28,300			28,300			28,300			28,300
Other intangibles, net	1,123			1,244			1,366			1,488			1,617
Tangible common equity	461,319			439,706			437,611			424,898			422,452
Addition:
Accumulated other comprehensive loss for regulatory purposes	54,833			64,089			61,285			64,146			52,454
Tangible common equity excluding accumulated other comprehensive loss adjustments	$	516,152		$	503,795		$	498,896		$	489,044		$	474,906

Total assets	$	5,493,113		$	5,418,519		$	5,328,428		$	5,338,104		$	5,259,268
Less:
Goodwill	28,300			28,300			28,300			28,300			28,300
Other intangibles, net	1,123			1,244			1,366			1,488			1,617
Tangible assets	5,463,690			5,388,975			5,298,762			5,308,316			5,229,351
Addition:
Net unrealized losses on available for sale securities and derivatives, net of tax	54,833			64,089			61,285			64,146			52,454
Tangible assets excluding accumulated other comprehensive loss adjustments	$	5,518,523		$	5,453,064		$	5,360,047		$	5,372,462		$	5,281,805

Common equity ratio	8.93		%	8.66		%	8.77		%	8.52		%	8.60		%
Tangible common equity ratio	8.44		%	8.16		%	8.26		%	8.00		%	8.08		%
Tangible common equity ratio excluding accumulated other comprehensive loss	9.35		%	9.24		%	9.31		%	9.10		%	8.99		%

Tangible Common Equity per Share of Common Stock:

Common shareholders' equity	$	490,742		$	469,250		$	467,277		$	454,686		$	452,369
Tangible common equity	$	461,319		$	439,706		$	437,611		$	424,898		$	422,452
Shares of common stock outstanding (in thousands)	20,692			20,716			20,970			20,896			20,894

Common shareholders' equity per share of common stock	$	23.72		$	22.65		$	22.28		$	21.76		$	21.65
Tangible common equity per share of common stock	$	22.29		$	21.23		$	20.87		$	20.33		$	20.22

The tangible common equity ratio removes the effect of goodwill and other intangible assets from capital and total assets. Tangible common equity per share of common stock removes the effect of goodwill and other intangible assets from common shareholders’ equity per share of common stock.

Exhibit 99.2

INDEPENDENT BANK CORPORATION AND SUBSIDIARIES

Supplemental Data

Non-performing assets


	September 30, 2025			June 30, 2025			March 31, 2025			December 31, 2024			September 30, 2024
	(Dollars in thousands)
Non-accrual loans	$	22,598		$	10,453		$	9,026		$	7,792		$	7,250
Loans 90 days or more past due and still accruing interest	—			—			—			—			—
Subtotal	22,598			10,453			9,026			7,792			7,250
Less: Government guaranteed loans	2,243			2,249			1,940			1,790			2,102
Total non-performing loans	20,355			8,204			7,086			6,002			5,148
Other real estate and repossessed assets	589			426			413			938			781
Total non-performing assets	$	20,944		$	8,630		$	7,499		$	6,940		$	5,929

As a percent of Portfolio Loans
Non-performing loans	0.48		%	0.20		%	0.17		%	0.15		%	0.13		%
Allowance for credit losses	1.49			1.47			1.47			1.47			1.46
Non-performing assets to total assets	0.38			0.16			0.14			0.13			0.11
Allowance for credit losses as a percent of non-performing loans	306.85			745.45			847.23			989.32			1,115.85

Allowance for credit losses


	Nine months ended September 30,
	2025							2024
	Loans			Securities		Unfunded Commitments		Loans			Securities		Unfunded Commitments
	(Dollars in thousands)
Balance at beginning of period	$	59,379		$	132	$	5,131	$	54,658		$	157	$	5,504
Additions (deductions)
Provision for credit losses	4,252			(40)		—		3,400			(1,149)		—
Recoveries credited to allowance	1,604			—		—		2,106			1,125		—
Assets charged against the allowance	(2,776)			—		—		(2,720)			—		—
Recoveries included in non-interest expense	—			—		(190)		—			—		(676)
Balance at end of period	$	62,459		$	92	$	4,941	$	57,444		$	133	$	4,828

Net loans charged against the allowance to average Portfolio Loans	0.04		%					0.02		%


1

Capitalization


	September 30, 2025		December 31, 2024
	(In thousands)
Subordinated debt	$	—	$	39,586
Subordinated debentures	39,847		39,796
Amount not qualifying as regulatory capital	(1,224)		(810)
Amount qualifying as regulatory capital	38,623		78,572
Shareholders’ equity
Common stock	311,770		318,777
Retained earnings	239,602		205,853
Accumulated other comprehensive loss	(60,630)		(69,944)
Total shareholders’ equity	490,742		454,686
Total capitalization	$	529,365	$	533,258

Non-Interest Income


	Three months ended						Nine months ended
	September 30, 2025		June 30, 2025		September 30, 2024		September 30,
							2025		2024
	(In thousands)
Interchange income	$	4,157	$	3,390	$	4,146	$	10,674	$	10,698
Service charges on deposit accounts	3,131		2,981		3,085		8,926		8,894
Net gains (losses) on assets
Mortgage loans	1,474		1,631		2,177		5,408		4,874
Equity securities at fair value	—		—		(8)		—		2,685
Securities	(36)		11		(145)		(355)		(414)
Mortgage loan servicing, net	74		490		(3,130)		(72)		1,686
Investment and insurance commissions	940		810		882		2,504		2,524
Bank owned life insurance	288		296		197		881		566
Other	1,909		1,716		2,304		5,720		5,728
Total non-interest income	$	11,937	$	11,325	$	9,508	$	33,686	$	37,241

Capitalized Mortgage Loan Servicing Rights


	Three months ended September 30,				Nine months ended September 30,
	2025		2024		2025		2024
	(In thousands)
Balance at beginning of period	$	32,053	$	44,406	$	46,796	$	42,243
Originated servicing rights capitalized	948		1,176		2,766		2,956
Change in fair value	(1,479)		(5,378)		(4,984)		(4,995)
Sale of originated servicing rights (1)	61		—		(12,823)		—
Loss on sale of originated servicing rights (1)	(61)		—		(233)		—
Balance at end of period	$	31,522	$	40,204	$	31,522	$	40,204

(1) On January 31, 2025 we sold $931.6 million of mortgage loan servicing rights (26.3% of total servicing portfolio) and transferred the servicing on March 3, 2025. This sale represented approximately $13.1 million (27.9%) of the total capitalized mortgage loan servicing right asset.


2

Mortgage Loan Activity


	Three months ended									Nine months ended
	September 30, 2025			June 30, 2025			September 30, 2024			September 30,
										2025			2024
	(Dollars in thousands)
Mortgage loans originated	$	145,561		$	147,844		$	147,516		$	401,184		$	384,112
Mortgage loans sold	101,615			95,360			117,037			279,593			289,395
Net gains on mortgage loans	1,474			1,631			2,177			5,408			4,874
Net gains as a percent of mortgage loans sold ("Loan Sales Margin")	1.45		%	1.71		%	1.86		%	1.93		%	1.68		%
Fair value adjustments included in the Loan Sales Margin	0.03		%	0.12		%	0.46		%	0.32		%	0.30		%

Non-Interest Expense


	Three months ended						Nine months ended
	September 30, 2025		June 30, 2025		September 30, 2024		September 30,
							2025		2024
	(In thousands)
Compensation	$	13,916	$	13,610	$	13,264	$	40,723	$	39,931
Performance-based compensation	2,900		3,638		3,426		9,979		10,787
Payroll taxes and employee benefits	4,309		3,875		3,358		11,929		11,351
Compensation and employee benefits	21,125		21,123		20,048		62,631		62,069
Data processing	3,784		3,847		3,379		11,360		9,891
Occupancy, net	2,127		2,046		1,893		6,396		5,853
Interchange expense	1,180		1,177		1,149		3,476		3,373
Furniture, fixtures and equipment	892		793		932		2,570		2,834
Advertising	526		833		581		2,220		1,860
Loan and collection	618		744		657		2,148		1,868
FDIC deposit insurance	615		637		664		1,963		2,141
Legal and professional	682		500		687		1,661		1,717
Communications	465		470		519		1,526		1,633
Taxes, licenses and fees	335		290		347		951		891
Director fees	265		276		235		773		709
Amortization of intangible assets	121		122		129		365		387
Provision (recovery) for loss reimbursement on sold loans	(5)		(6)		24		(22)		26
Net (gains) losses on other real estate and repossessed assets	39		(50)		14		(77)		(170)

Other	1,362		960		1,325		4,214		3,027
Total non-interest expense	$	34,131	$	33,762	$	32,583	$	102,155	$	98,109


3

Average Balances and Tax Equivalent Rates


	Three Months Ended September 30,
	2025						2024
	Average Balance		Interest		Rate (2)		Average Balance		Interest		Rate (2)
	(Dollars in thousands)
Assets
Taxable loans	$	4,193,925	$	61,250	5.81	%	$	3,901,370	$	58,322	5.96	%
Tax-exempt loans (1)	7,632		95		4.95		8,584		111		5.14
Taxable securities	573,333		3,660		2.55		665,974		4,502		2.70
Tax-exempt securities (1)	253,029		3,190		5.04		267,776		3,539		5.29
Interest bearing cash	113,660		1,261		4.40		126,039		1,717		5.42
Other investments	18,102		277		6.12		16,099		301		7.48
Interest Earning Assets	5,159,681		69,733		5.38		4,985,842		68,492		5.48
Cash and due from banks	58,099						57,211
Other assets, net	234,143						232,570
Total Assets	$	5,451,923					$	5,275,623

Liabilities
Savings and interest-bearing checking	2,850,176		13,282		1.85		2,763,558		15,621		2.25
Time deposits	930,358		8,690		3.71		804,944		8,841		4.37
Other borrowings	81,490		1,957		9.57		121,182		2,018		6.64
Interest Bearing Liabilities	3,862,024		23,929		2.46	%	3,689,684		26,480		2.86
Non-interest bearing deposits	1,005,875						1,047,617
Other liabilities	107,602						100,245
Shareholders’ equity	476,422						438,077

Total liabilities and shareholders’ equity	$	5,451,923					$	5,275,623

Net Interest Income			$	45,804					$	42,012

Net Interest Income as a Percent of Average Interest Earning Assets					3.54	%					3.37	%



(1)			Interest on tax-exempt loans and securities is presented on a fully tax equivalent basis assuming a marginal tax rate of 21%.
(2)			Annualized


4

Average Balances and Tax Equivalent Rates


	Nine Months Ended September 30,
	2025						2024
	Average Balance		Interest		Rate		Average Balance		Interest		Rate (2)
	(Dollars in thousands)
Assets
Taxable loans	$	4,123,797	$	178,407	5.78	%	$	3,848,092	$	169,974	5.90	%
Tax-exempt loans (1)	7,141		280		5.25		8,660		335		5.17
Taxable securities	594,769		11,491		2.58		691,327		14,466		2.79
Tax-exempt securities (1)	257,051		9,590		4.97		267,689		10,638		5.30
Interest bearing cash	92,263		3,058		4.43		97,941		3,994		5.45
Other investments	16,731		825		6.57		16,452		904		7.33
Interest Earning Assets	5,091,752		203,651		5.34		4,930,161		200,311		5.42
Cash and due from banks	56,073						54,481
Other assets, net	237,413						235,026
Total Assets	$	5,385,238					$	5,219,668

Liabilities
Savings and interest-bearing checking	2,827,773		38,731		1.83		2,690,359		43,178		2.14
Time deposits	887,385		24,658		3.72		825,984		26,970		4.37
Other borrowings	93,520		5,262		7.51		126,861		6,253		6.58
Interest Bearing Liabilities	3,808,678		68,651		2.41	%	3,643,204		76,401		2.80
Non-interest bearing deposits	1,001,228						1,053,719
Other liabilities	108,799						104,057
Shareholders’ equity	466,533						418,688

Total liabilities and shareholders’ equity	$	5,385,238					$	5,219,668

Net Interest Income			$	135,000					$	123,910

Net Interest Income as a Percent of Average Interest Earning Assets					3.54	%					3.35	%



(1)			Interest on tax-exempt loans and securities is presented on a fully tax equivalent basis assuming a marginal tax rate of 21%.


5

Commercial Loan Portfolio Analysis as of September 30, 2025


	Total Commercial Loans
			Watch Credits						Percent of Loan Category in Watch Credit
Loan Category	All Loans		Performing		Non-accrual		Total
	(Dollars in thousands)
Land	$	11,845	$	16	$	—	$	16	0.1	%
Land Development	19,877		—		—		—		—
Construction	149,259		—		13,825		13,825		9.3
Income Producing	738,924		39,522		—		39,522		5.3
Owner Occupied	642,277		8,299		—		8,299		1.3
Total Commercial Real Estate Loans	$	1,562,182	$	47,837	$	13,825	$	61,662	3.9

Other Commercial Loans	$	562,871	$	21,100	—		$	21,100	3.7
Total non-performing commercial loans					$	13825

Commercial Loan Portfolio Analysis as of December 31, 2024


	Total Commercial Loans
			Watch Credits						Percent of Loan Category in Watch Credit
Loan Category	All Loans		Performing		Non-accrual		Total
	(Dollars in thousands)
Land	$	8,734	$	—	$	—	$	—	0.0	%
Land Development	24,637		—		—		—		—
Construction	201,474		16,589		—		16,589		8.2
Income Producing	624,499		22,286		—		22,286		3.6
Owner Occupied	544,829		18,396		47		18,443		3.4
Total Commercial Real Estate Loans	$	1,404,173	$	57,271	$	47	$	57,318	4.1

Other Commercial Loans	$	533,190	$	27,334	7		$	27,341	5.1
Total non-performing commercial loans					$	54


6

Earnings Call: Third Quarter 2025 October 28, 2025 (NASDAQ: IBCP)

Cautionary note regarding forward-looking statements This presentation contains forward-looking statements, which are any statements or information that are not historical facts. These forward-looking statements include statements about our anticipated future revenue and expenses and our future plans and prospects. Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ materially from those anticipated. For example, deterioration in general business and economic conditions or turbulence in domestic or global financial markets could adversely affect our revenues and the values of our assets and liabilities, reduce the availability of funding to us, lead to a tightening of credit, and increase stock price volatility. Our results could also be adversely affected by changes in interest rates; increases in unemployment rates; deterioration in the credit quality of our loan portfolios or in the value of the collateral securing those loans; deterioration in the value of our investment securities; legal and regulatory developments; changes in customer behavior and preferences; breaches in data security; and management’s ability to effectively manage the multitude of risks facing our business. Key risk factors that could affect our future results are described in more detail in our Annual Report on Form 10-K for the year ended December 31, 2024 and the other reports we file with the SEC, including under the heading “Risk Factors.” Investors should not place undue reliance on forward-looking statements as a prediction of our future results. Any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statement, whether as a result of new information, future events, or otherwise. 2 2

• Formal Remarks − William B. (Brad) Kessel President and Chief Executive Officer − Gavin A. Mohr Executive Vice President and Chief Financial Officer − Joel F. Rahn Executive Vice President – Commercial Banking • Question and Answer session • Closing Remarks Note: This presentation is available at www.IndependentBank.com in the Investor Relations area under the “Presentations” tab. Agenda 3

3Q'25 Overview • Total loans increased 3.2% annualized while maintaining a disciplined approach to new loan production • New loan production continues to be largely focused on new commercial clients that bring deposits to the bank • Asset quality remained exceptional with NPAs/Total Assets at 0.38% and NCO of 0.07% of average loans in the quarter • Generated a ROAA and ROAE of 1.27% and 14.57%, respectively • Net interest margin of 3.54% compared to 3.37% in the prior year quarter • Commercial loan growth of 10.9% annualized • Efficiency ratio of 58.86% compared to 62.82% in the prior year quarter • Tangible book value per share increased 19.8% annualized from end of prior quarter • Redemption of $40 million of subordinated debt • Balance sheet liquidity remains strong with loan-to-deposit ratio of 86% • Net income of $17.5 million, or $0.84 per diluted share • Increase in net interest income of $3.5 million over the prior year quarter and $0.7 million over the second quarter of 2025 • Strong profitability and prudent balance sheet management results 10.2% growth in tangible book value per share compared to the prior year quarter. Healthy Capital & Liquidity Positions Positive Trends in Key Metrics Solid Loan Growth and Strong Asset Quality 3Q'25 Earnings 4 4

Non-interest Bearing 21% Savings and Interest- bearing Checking 42% Reciprocal 20% Time 14% Brokered 4% $4 .5 $4 .6 $4 .6 $4 .6 $4 .6 $4 .6 $4 .7 $4 .6 $4 .7 $4 .9 1. 5 7 % 1. 8 0 % 1. 9 9% 2. 0 1% 2. 0 3% 2. 11 % 1. 9 3% 1. 8 0% 1. 7 7% 1. 8 2% Q 2' 23 Q 3' 23 Q 4' 23 Q 1' 24 Q 2' 24 Q 3' 24 Q 4' 24 Q 1' 25 Q 2' 25 Q 3' 25 Total Deposits Cost Of Deposits Low-Cost Deposit Franchise Focused on Core Deposit Growth • Substantial core funding – $4.03 billion of non-maturity deposit accounts (82.8% of total deposits). • Core deposit increase of $148.2 million (13.0% annualized) in 3Q'25. • Time deposit increase of $32.8million (20.7% annualized) in 3Q'25. • Total deposits increased $205.1 million (4.4%) since 12/31/24 with non-interest bearing down $10.1 million, savings and interest- bearing checking up $45.1 million, reciprocal up $74.1 million, time up $32.5 million and brokered time up $63.4 million. • Deposits by Customer Type: − Retail – 46% − Commercial – 37% − Municipal – 17% Deposit Composition 9/30/25 Cost of Deposits (%)/Total Deposits ($B) 5 Core Deposits: 82.8% $4.9B

0. 2 5% 0. 2 7% 0. 2 7% 0. 2 8% 0. 3 3% 0. 3 6% 0. 4 2% 0. 5 1% 0. 6 0% 0. 7 3% 0. 8 2% 0. 8 5% 0. 8 5% 0. 7 4% 0. 6 3% 0. 3 0% 0. 2 3% 0. 3 9% 0. 1 4% 0. 1 2% 0. 11 % 0. 1 0% 0. 1 0% 0. 1 2% 0. 3 3% 0. 7 9% 1. 2 5% 1. 5 7% 1. 8 0% 1. 9 9% 2. 0 1% 2. 0 2% 2. 1 0% 1. 9 2% 1. 8 0% 1. 7 6% 1. 8 2% 0 500,000 1,000,000 1,500,000 2,000,000 2,500,000 3,000,000 3,500,000 4,000,000 4,500,000 5,000,000 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 3.5% 4.0% 4.5% 5.0% 5.5% 6.0% S e p -1 6 D ec -1 6 M a r- 1 7 J u n -1 7 S e p -1 7 D ec -1 7 M a r- 1 8 J u n -1 8 S e p -1 8 D ec -1 8 M a r- 1 9 J u n -1 9 S e p -1 9 D ec -1 9 M a r- 2 0 J u n -2 0 S e p -2 0 D ec -2 0 M a r- 2 1 J u n -2 1 S e p -2 1 D ec -2 1 M a r- 2 2 J u n -2 2 S e p -2 2 D ec -2 2 M a r- 2 3 J u n -2 3 S e p -2 3 D ec -2 3 M a r- 2 4 J u n -2 4 S e p -2 4 D ec -2 4 M a r- 2 5 J u n -2 5 S e p -2 5 Historic IBC Cost of Funds (excluding sub debt) vs. the Federal Funds Rate (with Deposit Balances) D e po si t B a la nc es ( $ in th o us an ds ) 6 F e de ra l F un ds R at e Account Type Cycle Beta Sav & Int-bearing chking 20.1% Reciprocal 69.3% Time 53.9% Total int-bearing Dep (excl brokered) 40.5% Total COF IBC (excl Sub Debt) 28.2% IBC COF Fed Funds Spot Fed Effective Total Deposits

Commercial 50% Mortgage 36% Installment 13% Held for Sale 1% $3 .6 $3 .7 $3 .8 $3 .8 $3 .9 $3 .9 $4 .0 $4 .1 $4 .2 $4 .2 5. 36 % 5. 53 % 5. 73 % 5. 80 % 5. 93 % 5. 96 % 5. 83 % 5. 74 % 5. 76 % 5. 81 % 2 Q '2 3 3 Q '2 3 4 Q '2 3 1 Q '2 4 2 Q '2 4 3 Q '2 4 4 Q '2 4 1 Q '2 5 2 Q '2 5 3 Q '2 5 Total Portfolio Loans Yield on Loans Diversified Loan Portfolio Focused on High Quality Growth • Portfolio loan changes in 3Q'25: − Commercial – increased $57.0 million. …Average new origination yield of 6.88% vs a 6.39% portfolio yield. − Mortgage – decreased $10.7 million. …Average new origination yield of 6.65% vs a 4.89% portfolio yield. − Installment – decreased $12.4 million. …Average new origination yield of 7.22% vs a 5.18% portfolio yield. • Mortgage loan portfolio weighted average FICO of 752 and average balance of $186,217. • Installment weighted average FICO of 756 and average balance of $25,856. • Commercial loan rate mix: − 39% fixed / 61% variable. − Indices – 38% tied to Prime and 62% tied to SOFR. • Mortgage loan (including HELOC) rate mix: − 61% fixed / 39% adjustable or variable. − 8% tied to a US Treasury rate and 92% tied to SOFR.Note: Portfolio loans exclude loans HFS. Loan Composition 9/30/25 Yield on Loans (%)/ Total Portfolio Loans ($B) 7 $4.2B

8.76%, Commercial Industrial, $186 4.68%, Retail, $100 4.47%, Office, $95 4.17%, Constructi on, $89 3.37%, Multifamily, $72 2.20%, 1-4 Family, $47 1.27%, Land, Vacant Land and Development, $27 1.14%, Special Purpose, $24 Concentrations within $2.1B Commercial Loan Portfolio C&I or Owner Occupied Loans by Industry as a % of Total Commercial Loans ($ in millions) Investor RE by Collateral Type as a % of Total Commercial Loans ($ in millions) Note: $1.486 billion, or 69.9% of the commercial loan portfolio is C&I or owner occupied, while $639 million, or 30.1% is investment real estate. The percentage concentrations are based on the entire commercial portfolio of $2.1 billion as of September 30, 2025 8 $639MM 30% 8.97% 191 8.77% 186 8.36% 178 7.74% 1646.05% 128 4.97% 106 4.61% 98 3.49% 74 2.92% 62 53 49 197 $1,486MM 70% Retail Construction Manufacturing Health Care and Social Assistance Real Estate Rental and Leasing Hotel and Accomodations Other Services (except Public Administration) Wholesale Finance and Insurance Transportation Professional, Scientific, and Technical Services Misc 2.34% 9.35% 2.94%

$5.1 $3.7 $5.2 $5.1 $6.0 $7.1 $8.2 $20.4 $0.2 $0.5 $0.6 $0.8 $0.9 $0.4 $0.4 $0.6 $- $5.0 $10.0 $15.0 $20.0 $25.0 2021 2022 2023 3Q'24 4Q'24 1Q'25 2Q'25 3Q'25 Non-performing Loans 90+ Days PD ORE/ORA $2.3 $3.1 $3.3 $4.8 $7.0 $3.9 $6.6 $5.1 0.1% 0.1% 0.1% 0.1% 0.2% 0.1% 0.2% 0.1% 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% $- $1.0 $2.0 $3.0 $4.0 $5.0 $6.0 $7.0 $8.0 2021 2022 2023 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 30-89 Days PD 30-89 Days PD / Total Loans $0.2 $0.5 $0.6 $0.8 $0.9 $0.4 $0.4 $0.6 $- $0.2 $0.4 $0.6 $0.8 $1.0 2021 2022 2023 Q3'24 4Q'24 1Q'25 2Q'25 3Q'25 $5.1 $3.7 $5.2 $5.1 $6.0 $7.1 $8.2 $20.4 0.2% 0.1% 0.1% 0.1% 0.1% 0.1% 0.2% 0.5% -0.1% 0.1% 0.3% 0.5% 0.7% 0.9% $- $5.0 $10.0 $15.0 $20.0 $25.0 2021 2022 2023 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 Non-performing Loans (NPLs) NPLs / Total Loans Note 1: Non-performing loans and non-performing assets exclude troubled debt restructurings that are performing. Credit Quality Summary Non-performing Loans ($ in Millions) ORE/ORA ($ in Millions) 30 to 89 Days Delinquent ($ in Millions) Non-performing Assets ($ in Millions) 9

14.2 14.3 14.2 14.5 14.2 13.7 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 11.1 11.2 11.2 11.4 11.4 11.6 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 9.6 9.6 9.9 9.9 10.1 10.1 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 7.6 8.1 8.0 8.3 8.2 8.4 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 • Long-term capital Priorities: Capital retention to support organic growth, acquisitions and return of capital through strong and consistent dividends and share repurchases. • Well capitalized in all regulatory capital measurements. • Tangible common equity ratio excluding the impact of unrealized losses on securities AFS and HTM is 9.4% • The reduction in Total RBC in 3Q’25 was due primarily to the redemption of $40 million in subordinated debt on August 31, 2025. Strong Capital Position TCE / TA (%) Leverage Ratio (%) CET1 Ratio (%) Total RBC Ratio (%) 10

$3 3 .0 $3 6 .1 $3 9 .9 $4 0 .6 $3 8 .4 $3 8 .4 $3 9 .4 $4 0 .1 $4 0 .2 $4 1 .3 $4 1 .9 $4 2 .9 $4 3 .7 $4 4 .6 $4 5 .4 Q1'22 Q2'22 Q3'22 Q4'22 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 Q3'24 Q4'24 Q1'25 Q2'25 Q3'25 3.18 3.13 3.00 3.26 3.49 3.52 3.33 3.26 3.23 3.26 3.30 3.40 3.37 3.45 3.49 3.58 3.54 0.08 0.08 0.12 0.77 2.18 3.65 4.38 4.99 5.26 5.33 5.33 5.33 5.16 4.66 4.33 4.33 4.30 0.11 0.10 0.10 0.12 0.45 0.92 1.39 1.72 1.93 2.11 2.14 2.16 2.22 2.02 1.86 1.86 1.95 0 1 2 3 4 5 6 Q 3 '2 1 Q 4 '2 1 Q 1 '2 2 Q 2 '2 2 Q 3 '2 2 Q 4 '2 2 Q 1 '2 3 Q 2 '2 3 Q 3 '2 3 Q 4 '2 3 Q 1 '2 4 Q 2 '2 4 Q 3 '2 4 Q 4 '2 4 Q 1 '2 5 Q 2 '2 5 Q 3 '2 5 Net Interest Margin (FTE) Average Effective FF Yield Cost of Funds Net Interest Margin/Income • Net interest income was $45.4 million in 3Q'25 compared to $41.9 million in the prior year quarter. The change is due to an increase in average earning assets and the net interest margin compared to the year- ago quarter. • Net interest margin was 3.54% during the third quarter of 2025, compared to 3.37% in the year- ago quarter and 3.58% in the second quarter of 2025. • 9th consecutive quarter of increasing net interest income. Yields, NIM and Cost of Funds (%) Net Interest Income ($ in Millions) 11

3.58%2Q'25 0.02%Change in Earning Asset Yield/Mix 0.01%Increase in Earnings Asset Yield -0.04%Increase in funding costs -0.03%Deferred Cost on Sub Debt Payoff 3.54%3Q'25 Change2Q253Q25 YieldInc/ExpAvg BalYieldInc/ExpAvg BalYieldInc/ExpAvg Bal -0.05%$756 $68,192 4.45%$505 $45,468 4.40%$1,261 $113,660 Cash 0.00%(138)(17,387)3.37%7,265 861,851 3.38%7,127 844,464 Investments -0.04%1,337 71,871 6.60%33,446 2,031,778 6.56%34,783 2,103,649 Commercial loans 0.07%324 4,089 4.92%18,809 1,530,281 4.99%19,133 1,534,370 Mortgage loans 0.12%132 (3,174)5.15%7,297 566,712 5.27%7,429 563,538 Consumer loans 0.03%$2,411 $123,591 5.35%$67,322 $5,036,090 5.38%$69,733 $5,159,681 Earning assets 0.04%673 $53,475 1.81%$12,609 $2,796,701 1.85%$13,282 $2,850,176 Nonmaturity deposits 0.12%91 5,413 3.49%898 103,154 3.61%989 108,567 CDARS deposits 0.00%177 13,726 3.56%5,597 629,910 3.56%5,774 643,636 Retail Time deposits -0.01%570 51,446 4.30%1,358 126,709 4.29%1,928 178,155 Brokered deposits -0.61%(164)(13,065)4.41%303 27,566 3.80%139 14,501 Bank borrowings 3.26%319 (12,448)7.55%1,498 79,437 10.81%1,817 66,989 IBC debt 0.09%$1,666 $98,547 2.37%$22,263 $3,763,477 2.46%$23,929 $3,862,024 Cost of funds $25,044 $1,272,613 $1,297,657 Free funds $745 $45,059 $45,804 Net interest income -0.04%3.58%3.54%Net interest margin 3Q'25 NIM Changes Linked Quarter Average Balances and FTE Rates ($ in thousands) Linked Quarter Analysis 12

September 30, 2025 200100Base-rate -100-200 $198,049 $195,562 $192,535 $190,263 $188,085 Net Interest Income 2.86%1.57%-1.18%-2.31%Change from Base June 30, 2025 200100Base-rate -100-200 $192,391 $190,443 $187,528 $185,650 $184,556 Net Interest Income 2.59%1.55%-1.00%-1.58%Change from Base Interest Rate Risk Management • The base case modeled NII is slightly higher during the quarter given earning asset growth and slight margin expansion. Asset yields were augmented by a shift in asset mix with commercial loan growth largely funded by runoff of lower yielding investments, mortgages and consumer loans. An increase in overnight liquidity offset some of this mix benefit. Funding costs benefited from the retirement of the holding company subordinated debt issue. • The NII sensitivity position shows slightly more exposure to a declining rate environment. Asset repricing increased due to growth in variable rate commercial loans HELOCs and overnight liquidity. Some of the increase in asset repricing was offset by purchased floor. • Base-rate is a static balance sheet applying the spot yield curve from the valuation date. • Stable core funding base. Transaction accounts fund 37.6% of assets and other non- maturity deposits fund another 17.8% of assets. Low wholesale funding of just 3.9% of assets. • 38.4% of assets reprice in 1 month and 49.8% reprice in the next 12 months. • Continually evaluating strategies to manage NII through hedging, funding strategies as well as product pricing and structure. Changes in Net Interest Income (Dollars in 000’s) Simulation analyses calculate the change in net interest income over the next twelve months, under immediate parallel shifts in interest rates, based upon a static statement of financial condition, which includes derivative instruments, and does not consider loan fees. 13

Interchange income $4,157 Service Chg Dep $3,131 Gain (Loss)- Mortgage Sale $1,474 Equity Securities at Fair Value $- Gain (Loss)- Securities $(36) Mortgage loan servicing, net $74 Investment & insurance commissions $940 Bank owned life insurance $288 Other income $1,909 Strong Non-interest Income • The $3.2 million comparative quarterly increase in mortgage loan servicing, net is primarily attributed to changes in the fair value of capitalized mortgage loan servicing rights associated with changes in mortgage loan interest rates and expected future prepayment levels. The decrease in servicing revenue is attributed to the sale of approximately $931 million of mortgage servicing rights on January 31, 2025. • Mortgage banking: − $1.5 million in net gains on mortgage loans in 3Q'25 vs. $2.2 million in the year ago quarter. The decrease is primarily due to lower profit margins on mortgage loan sales as well as lower loan sales volume. − $145.6 million in mortgage loan originations in 3Q'25 vs. $147.5 million in 3Q’24 and $147.8 million in 2Q'25. − 3Q'25 mortgage loan servicing includes a $0.6 million ($0.02) per diluted share, after tax) decrease in fair value adjustment due to price compared to a decrease of $4.2 million ($0.16 per diluted share, after tax) in the year ago quarter. Source: Company documents. 3Q'25 Non-interest Income (thousands) Non-interest Income Trends ($M) 14 $11.9MM $1 5. 4 $1 5. 6 $9 .1 $1 2. 6 $1 5. 2 $9 .5 $1 9. 1 $1 0. 4 $1 1. 3 $1 1. 9 18 .6 % 20 .0 % 12 .2 % 16 .2 % 18 .6 % 12 .2 % 22 .2 % 13 .6 % 14 .5 % 14 .7 % -5.0 5.0 15.0 25.0 35.0 45.0 55.0 $- $2.0 $4.0 $6.0 $8.0 $10.0 $12.0 $14.0 $16.0 $18.0 $20.0 Q 2 '2 3 Q 3 '2 3 Q 4 '2 3 Q 1 '2 4 Q 2 '2 4 Q 3 '2 4 Q 4 '2 4 Q 1 '2 5 Q 2 '2 5 Q 3 '2 5 Non-interest Income Non-interest Inc/Operating Rev (%)

60 .4 % 59 .6 % 59 .9 % 60 .7 % 60 .3 % 60 .9 % 62 .2 % 60 .9 % 61 .4 % 60 .9 % 60 .0 % 1 Q '2 3 2 Q '2 3 3 Q '2 3 4 Q '2 3 1 Q '2 4 2 Q '2 4 3 Q '2 4 4 Q '2 4 1 Q '2 5 2 Q '2 5 3 Q '2 5 $3 2. 0 $3 1. 9 $3 2. 2 $3 3. 3 $3 2. 6 $3 4. 3 $3 3. 8 $3 4. 1 $— $5.0 $10.0 $15.0 $20.0 $25.0 $30.0 $35.0 Q 3 '2 3 Q 4 '2 3 Q 1 '2 4 Q 2 '2 4 Q 3 '2 4 Q 4 '2 4 Q 1 '2 5 Q 2 '2 5 Q 3 '2 5 Compensation and Benefits Loan and Collection Occupancy Data Processing FDIC Insurance Other Focus on Improved Efficiency • 3Q'25 efficiency ratio of 58.9%. • Compensation and employee benefits expense of $21.1 million, an increase of $1.1 million from the prior year quarter. • Performance-based compensation was $0.5 million lower than the prior year quarter. • Payroll taxes and employee benefits increased $1.0 million primarily due to higher healthcare related costs. • Data processing costs increased by $0.4 million primarily due to core data processor annual asset growth and CPI related cost increases as well as price increases in other software solutions. • Opportunities exist to gain additional efficiencies as we continue to optimize our delivery channels. Non-interest Expense ($M) Efficiency Ratio (4 quarter rolling average) Source: Company documents. 15 $3 7. 0

Outlook for 2025 • Very difficult area to forecast. Future provision levels under CECL will be particularly sensitive to loan growth and mix, projected economic conditions, watch credit levels and loan default volumes. • The allowance as a percentage of total loans was at 1.47% at 12/31/24 • A full year 2025 provision (expense) for credit losses of approximately 0.15%-0.20% of average total portfolio loans would not be unreasonable. • The forecast assumes 0.25% Fed rate cuts in March and August in the federal funds rate while long-term interest rates increase slightly over year-end 2024 levels. • IBCP forecast of high-single digit (8%-9%) growth is primarily supported by an increase in earning assets and a favorable shift in the earning asset base. Expect the net interest margin (NIM) to increase (0.20% - 0.25%) in 2025 compared to full-year 2024. Primary driver is a decrease in yield on interest bearing liabilities that is partially offset by a decrease in earning asset yield. • IBCP forecast of mid-single digit (approximately 5%-6%) overall loan growth is based on increases in commercial loans (9%-10%) and mortgage loans (2%-3%) with installment loans declining (2%-3%). • This growth forecast also assumes a stable Michigan economy. Outlook for 2025 *as of January, 2025 • The provision for credit losses was an expense of $2.0 million (0.19% annualized) for the third quarter within the forecasted range. • 3Q'25 net interest income was $3.5 million (8.4%) higher than the prior year quarter which is within the forecasted range. The net interest margin was 3.54% for the current quarter and 3.37% for the prior year quarter and down 0.04% from the linked quarter. • Total portfolio loans increased $33.9 million (3.2% annualized) in 3Q'25 which is below our forecasted range. Commercial loan growth of $57.0 million (10.9% annualized), mortgage loan decrease of $10.7 million (-2.8% annualized) and installment loan decrease of $12.4 million (-8.6% annualized). YTD loan growth of $159.5 million (5.3% annualized) which is within our forecasted range. 3Q’25 Update LENDING Continued growth NET INTEREST INCOME Growth driven primarily by higher average earning assets PROVISION FOR CREDIT LOSSES Steady asset quality metrics 16

Outlook for 2025 • 2025 share repurchase authorization at approximately 5% (1.1 million) of outstanding shares. • Share repurchases will be dependent on capital levels, capital allocation options and share price trends. We are not modeling any share repurchases in 2025. • Approximately a 19% effective income tax rate in 2025 This assumes a 21% statutory federal corporate income tax rate during 2025. • IBCP forecasts 2025 quarterly range of $34.5M to $35.5M with the total for the year up 3.0% to 4.0% from the 2024 actual of $135.1M. • The primary driver is an increase in compensation and employee benefits, data processing and occupancy. • Q1/Q2 quarterly 2025 forecasted range of $11.0M to $12.0M and Q3/Q4 forecast of $12.0M to $13M. Full year down 14.0% to 14.5% from 2024 actual of $56.4M • Expect mortgage loan origination volumes and net gain on sale to be similar to 2024. Assumes mortgage loan servicing net of approximately $0.75M per quarter in 2025. Outlook for 2025 *as of January, 2025 Repurchased 13,732 shares for an aggregate purchase price of $0.41 million in the third quarter of 2025. Actual effective income tax rate of 17.3% for the third quarter of 2025. • Total non-interest expense was $34.1 million in the 3Q'25, which was lower than our forecasted range. • Non-interest income totaled $11.9 million in 3Q'25, which is below the forecasted range. Mortgage loan servicing net, generated a gain of $0.1 million in 3Q'25. 3Q’25 Update NON-INTEREST INCOME NON-INTEREST EXPENSES INCOME TAXES SHARE REPURCHASES 17

Strategic Initiatives • Outside Sales - Relationship banking focus thru consistent calling on prospects and COI’s. • Inside Service/Sales – high retention + high cross sales, collaboration of strategic partners. • Digital Marketing - Leverage data insights, target strategically, elevate brand image, personalize the customer experience. • Leverage Referral Network – Fintech (ReferLive); • New Products – SMB deposit product, Business digital pmts. • Market Expansion – Through existing indirect dealer network. • Selective and opportunistic bank and branch acquisitions. • Process Automation – leverage core investments + Fintech partnerships: (Blend) mortgage; (Numerated) Commercial; • Branch Optimization - including assessing existing locations, new locations, service hours, staffing, & workflow and leveraging technology. • Promotion of Self-Serve Channels - (One Wallet, Treasury One, etc.) • Leverage Banker Capacity – including on-line appointment setting. • Leverage Middleware + API’s – expediate new technology implementation. • Optimize Office Space Utilization • Invest in our Team – competitive C&B offering, skill training, leadership development, etc. • High Employee Engagement – thru fostering a culture of purpose, opportunity, continuous learning, diversity, reward + recognition. • Promote Teamwork + Alignment across all business units. • Invest in technology - to enhance the employee experience + customer experience. • Client Service Model – well defined and applied. • Utilize three layers of defense (business unit, risk management and internal audit). Independent & collaborative approach. • Consistent earnings + maintain strong capital levels. • Proactive credit quality monitoring and problem resolution. • Manage Liquidity and IRR. • Manage Operational risk, emphasizing cyber security, fraud prevention, and regulatory compliance. • Effective relationships with regulators & other outside oversight parties. Proactive, transparent and good communication. PROCESS IMPROVEMENT & COST CONTROLS RISK MANAGEMENT GROWTH TALENT MANAGEMENT 18

Question and Answer Session Closing Remarks NASDAQ: IBCP Thank you for attending 19

Appendix Additional Financial Data and Non-GAAP Reconciliations 20

Quarter Ended,Year Ended December 31,here 9/30/256/30/253/31/2512/31/249/30/242024202320222021($M except per share data) Balance Sheet: $5,493 $5,419 $5,328 $5,338 $5,259 $5,338 $5,264 $5,000 $4,705 Total Assets $4,198 $4,164 $4,073 $4,039 $3,942 $4,039 $3,791 $3,465 $2,905 Portfolio Loans $4,859 $4,659 $4,634 $4,654 $4,627 $4,654 $4,622 $4,379 $4,117 Deposits $461 $440 $438 $425 $422 $425 $374 $317 $367 Tangible Common Equity Profitability: $23.2 $22.2 $19.8 $25.0 $18.8 $87.5 $79.9 $83.7 $75.4 Pre-Tax, Pre-Provision Income 1.69%1.67%1.48%1.88%1.43%1.77%1.56%1.72%1.69%Pre-Tax, Pre-Prov / Avg. Assets $17.5 $16.9 $15.6 $18.5 $13.8 $66.8 $59.1 $63.8 $62.9 Net Income(1) $0.84 $0.81 $0.74 $0.87 $0.65 $3.16 $2.79 $2.97 $2.88 Diluted EPS 1.27%1.27%1.18%1.39%1.04%1.27%1.15%1.32%1.41%Return on Average Assets(1) 14.6%14.7%13.7%16.3%12.5%15.7%16.0%18.5%16.1%Return on Average Equity(1) 3.54%3.58%3.49%3.45%3.37%3.38%3.26%3.32%3.10%Net Interest Margin (FTE) 58.9%59.7%62.2%59.1%62.8%60.8%60.8%59.4%62.9%Efficiency Ratio Asset Quality: 0.38%0.16%0.14%0.13%0.11%0.13%0.11%0.08%0.11%NPAs / Assets 0.50%0.21%0.18%0.17%0.15%0.17%0.15%0.12%0.18%NPAs / Loans + OREO 1.49%1.47%1.47%1.47%1.46%1.47%1.44%1.51%1.63%ACL / Total Portfolio Loans 0.07%0.02%0.01%0.01%0.00%0.02%0.01%0.00%(0.07%)NCOs / Avg. Loans Capital Ratios: 8.4%8.2%8.3%8.0%8.1%8.0%7.2%6.4%7.9%TCE Ratio 10.1%10.0%9.9%9.9%9.6%9.9%9.0%8.8%8.8%Leverage Ratio 12.4%12.2%12.3%12.1%12.1%12.1%11.5%11.4%12.1%Tier 1 Capital Ratio 13.7%14.2%14.5%14.2%14.2%14.2%13.7%13.7%14.5%Total Capital Ratio Historical Financial Data 21

22 Historic Financial Performance Year Ended December 31, 5 Year CAGR202420232022202120202019($M except per share data) Balance Sheet: 8.4%$5,338 $5,264 $5,000 $4,705 $4,204 $3,565 Total Assets 8.2%$4,039 $3,791 $3,465 $2,905 $2,734 $2,725 Portfolio Loans 8.9%$4,654 $4,623 $4,379 $4,117 $3,637 $3,037 Deposits 6.1%$425 $374 $317 $367 $357 $317 Tangible Common Equity Profitability: 8.4%$87.5 $79.9 $83.1 $75.4 $81.9 $58.6 Pre-Tax, Pre-Provision Income -1.77%1.56%1.68%1.62%2.08%1.70%Pre-Tax, Pre-Prov / Avg. Assets 7.5%$66.8 $59.1 $63.4 $62.9 $56.2 $46.4 Net Income(1) 9.6%$3.16 $2.79 $2.97 $2.88 $2.53 $2.00 Diluted EPS -1.27%1.15%1.31%1.41%1.43%1.35%Return on Average Assets(1) -15.70%16.04%18.41%16.13%15.68%13.63%Return on Average Equity(1) -3.38%3.26%3.32%3.10%3.34%3.80%Net Interest Margin (FTE) -60.80%60.76%59.71%62.87%59.24%64.90%Efficiency Ratio Asset Quality: -0.13%0.11%0.08%0.11%0.21%0.32%NPAs / Assets -0.17%0.15%0.12%0.18%0.32%0.42%NPAs / Loans + OREO -1.47%1.44%1.51%1.63%1.30%0.96%Reserves / Total Loans -0.02%0.01%0.00%(0.07%)0.11%(0.02%)NCOs / Avg. Loans Capital Ratios: -8.0%7.2%6.4%7.9%8.6%9.0%TCE Ratio -9.9%9.1%8.8%8.8%9.2%10.1%Leverage Ratio -12.1%11.6%11.4%12.2%13.3%12.7%Tier 1 Capital Ratio -14.2%13.7%13.7%14.5%16.0%13.7%Total Capital Ratio Shareholder Value: 7.6%$ 20.33 $ 17.96 $ 15.04 $ 17.33 $ 16.33 $ 14.08 TBV/Share 5.9%$ 0.96 $ 0.92 $ 0.88 $ 0.84 $ 0.80 $ 0.72 Dividends Paid per Share -$ -$ 5.2 $ 4.0 $ 17.3 $ 14.2 $ 26.3 Value of Shares Repurchased

Sources of Liquidity 3Q 2025 Current On-balance sheet $ 152.3 Excess reserves at the Fed $ 496.5 Unpledged AFS Securities $ 648.8 Total On-balance sheet 13%On balance sheet liquidity to total deposits Available Sources of Liquidity $ 1,620.9 Unused FHLB & FRB (including BTFP) $ 437.3 Borrow capacity on unpledged bonds $ 2,058.2 Total Available Sources 42%Sources of Liquidity to total deposits 74% 76% 60% 58% 56% 56% 57% 23 8% 22 2% 21 8% 19 5% 19 6% 19 1. 8% 18 0. 7% 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 On-balance sheet / Uninsured Deposits Available Sources / Uninsured Deposits Note: Portfolio loans exclude loans HFS. Liquidity / Uninsured Deposits Strong Liquidity Position • Significant liquidity position to manage the current environment. • Total available liquidity significantly exceeds (192%) estimated uninsured deposit balances. • Attractive loan to deposit ratio of 86.4%. • Uninsured deposit to total deposits of approximately 24.3%, excluding brokered time deposits. Sources of Liquidity 23

$1,949 $1,133 $465 $173 $242 $578 $319 $2,191 $1,711 $784 $173 Consumer Commercial Public Funds Brokered Insured Deposits Uninsured Deposits $3 ,6 05 $3 ,6 36 $3 ,5 70 $3 ,5 94 $3 ,5 86 $3 ,6 37 $3 ,7 20 $977 $978 $1,057 $1,060 $1,048 $1,022 $1,139 $4,582 $4,614 $4,627 $4,654 $4,634 $4,659 $4,859 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 Insured Deposits Uninsured Deposits Granular Deposit Base • Average deposit account balance of approximately $22,202. • Average deposit balance excluding reciprocal deposit of $17,632. • Average Commercial deposit balance of $101,322. • Average retail deposit balance of $11,357. • 10 largest deposit accounts total $388.8 million or 8.00% of total deposits. − $234.9 million in ICS with FDIC coverage. • 100 largest deposit accounts total $1.15 billion or 23.66% of total deposits. − $695.4 million in ICS with FDIC coverage. Note: Uninsured deposit calculation is an approximation. Uninsured Deposit by Segment (9/30/25) Uninsured Deposit Trend ($MM) 24

Non-GAAP to GAAP Reconciliation 25 September 30, June 30, March 31, December 31, September 30, 2024 2023 2022 2021 2025 2025 2025 2024 2024 Net interest income $166,248 $156,329 $149,561 $129,765 $45,361 $44,615 $43,685 $42,851 $41,854 Non-interest income 56,362 50,676 61,909 76,643 11,937 11,325 10,424 19,121 9,508 Non-interest expense 135,096 127,119 128,341 131,023 34,131 33,762 34,262 36,987 32,583 Pre-Tax, Pre-Provision Income 87,514 79,886 83,129 75,385 $23,167 $22,178 $19,847 $24,985 $18,779 Provision for credit losses 4,468 6,210 5,341 (1,928) 1,991 1,500 721 2,217 1,488 Income tax expense 16,256 14,609 14,437 14,418 3,674 3,801 3,536 4,307 3,481 Net income $66,790 $59,067 $63,351 $62,895 $17,502 $16,877 $15,590 $18,461 $13,810 Average total assets $5,239,952 $5,115,624 $4,825,723 $4,465,577 $5,451,922 $5,324,959 $5,378,022 $5,300,368 $5,275,623 Performance Ratios Return on average assets 1.27% 1.15% 1.31% 1.41% 1.27% 1.27% 1.18% 1.39% 1.04% Pre-tax, Provision return on average assets 1.67% 1.56% 1.72% 1.69% 1.70% 1.67% 1.50% 1.88% 1.42% Year Ended December 31, Quarter Ended (Dollars in thousands)

Reconciliation of Non-GAAP Financial Measures 26 Reconciliation of Non-GAAP Financial Measures 2025 2024 2025 2024 Net Interest Margin, Fully Taxable Equivalent ("FTE") Net interest income 45,361$ 41,854$ 133,661$ 123,397$ Add: taxable equivalent adjustment 443 158 1,339 513 Net interest income - taxable equivalent 45,804$ 42,012$ 135,000$ 123,910$ Net interest margin (GAAP) (1) 3.51% 3.35% 3.50% 3.34% Net interest margin (FTE) (1) 3.54% 3.37% 3.54% 3.35% (1) Annualized. Three Months Ended Nine Months Ended September 30, September 30, (Dollars in thousands)

Reconciliation of Non-GAAP Financial Measures (continued) 27 Reconciliation of Non-GAAP Financial Measures (continued) Independent Bank Corporation Tangible Common Equity Ratio Sepetmber 30, June 30, March 31, December 31,September 30, 2024 2023 2022 2021 2025 2025 2025 2024 2024 Common shareholders' equity 454,686$ 404,449$ 347,596$ 398,484$ 490,742$ 469,250$ 467,277$ 454,686$ 452,369$ Less: Goodwill 28,300 28,300 28,300 28,300 28,300 28,300 28,300 28,300 28,300 Other intangibles 1,488 2,004 2,551 3,336 1,123 1,244 1,366 1,488 1,617 Tangible common equity 424,898$ 374,145$ 316,745$ 366,848$ 461,319$ 439,706$ 437,611$ 424,898$ 422,452$ Total assets $ 5,338,104 $ 5,263,726 $ 4,999,787 $ 4,704,740 $ 5,493,113 $ 5,418,519 $ 5,328,428 $ 5,338,104 $ 5,259,268 Less: Goodwill 28,300 28,300 28,300 28,300 28,300 28,300 28,300 28,300 28,300 Other intangibles 1,488 2,004 2,551 3,336 1,123 1,244 1,366 1,488 1,617 Tangible assets $ 5,308,316 $ 5,233,422 $ 4,968,936 $ 4,673,104 $ 5,463,690 $ 5,388,975 $ 5,298,762 $ 5,308,316 $ 5,229,351 Common equity ratio 8.52% 7.68% 6.95% 8.47% 8.93% 8.66% 8.77% 8.52% 8.60% Tangible common equity ratio 8.00% 7.15% 6.37% 7.85% 8.44% 8.16% 8.26% 8.00% 8.08% Year Ended December 31, Quarter Ended (Dollars in thousands)


Michigan	0-7818	38-2032782
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)


4200 East Beltline Grand Rapids, Michigan			49525
(Address of principal executive office)			(Zip Code)


o			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

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Title of each class	Trading symbol(s)	Name of each exchange on which registered
Common stock, no par value	IBCP	NASDAQ Global Select Market


99.1			Press release dated October 28, 2025.

99.2			Supplemental data to the Registrant’s press release dated October 28, 2025.

99.3			Earnings conference call presentation.