Flagship explainer
How INDEPENDENT BANK CORPORATION earns its spread
Start with net interest income, then follow the filed path to net income.
| Filed line | Value | % of net interest income | Source |
|---|---|---|---|
| $180M | 100% |
| |
| Income before tax | $81.3M | 45% |
|
| Income tax | $12.8M | 7% |
|
| $68.5M | 38% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0000039311-26-000009