Independent Bank Corporation · NASDAQ:IBCP
Independent Bank — Shareholder Meeting (April 2026)
27 slides from Independent Bank's shareholder meeting presentation, Apr 21, 2026
Slide 1: 2026 Annual Shareholder Meeting
April 21, 2026 2026 Annual Shareholder Meeting Independent Bank Corporation
Slide 2: Cautionary note regarding forward-looking statements
2Cautionary 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 pla
Slide 3: Today's Agenda
3Today’s Agenda • Welcome and Call to Order – IBC Chairman • Voting upon matters listed in the Company’s 2026 Proxy Statement – IBC Chairman • Business Update - IBC President & CEO • Question and answer session – IBC President & CEO and IBC EVP & CFO • Adjournment
Slide 4: IBC Board of Directors
4IBC Board of Directors • Director Since: 2013 • President & CEO of IBC and Independent Bank • Director Since: 2019 • Founder & CEO of OpTech, LLC and OpTech Solutions • Member of the Audit Committee • Director Since: 2016 • CEO and Chair of the Board of Directors of Cascade Engineering Family of Co
Slide 5: IBC Executive Management Team
5IBC Executive Management Team • CEO of IBC and Independent Bank since 2013 • Joined Independent Bank in 1994 • Began career with Crowe William B. Kessel President, CEO & Director • Joined Independent Bank in 2020 as EVP and Chief Financial Officer • Previously SVP, Chief Financial Officer of STAR F
Slide 6: 2026 Annual Meeting of Shareholders
62026 Annual Meeting of Shareholders • Secretary for the meeting (Gavin A. Mohr) • Record date: February 20, 2026 • Approximate distribution date of Proxy Statement: March 6, 2026 • Shares entitled to vote: 20,769,374 • Determination of quorum • Voting on proposals
Slide 7: Proposal #1 - Election of Directors (three-year term)
7Proposal #1 - Election of Directors Nominees for a three-year term expiring 2029 Terance L. Beia William B. Kessel Stephen L. Gulis Jr.
Slide 8: Proposal #1 - Election of Directors (one-year term)
8Proposal #1 - Election of Directors Nominees for a one-year term expiring 2027 Michael G. Wooldridge
Slide 9: Proposal #2 - Ratification of the Appointment of Independent Auditors
9Proposal #2 - Ratification of the Appointment of Independent Auditors • Crowe, LLP has served as IBC’s independent registered public accounting firm since 2005. • Crowe, LLP was founded in 1942 and is one of the 10 largest accounting and consulting firms in the U.S. • IBC is served primarily by Cro
Slide 10: Proposal #3 - Advisory Vote on Executive Compensation
10Proposal #3 - Advisory (Non-Binding) Vote on Executive Compensation The Board has solicited a non-binding advisory vote from our shareholders to approve the compensation of our executives as described in our proxy materials.
Slide 11: Proposal #4 - Advisory Vote on Frequency of Executive Compensation Vote
11 Proposal #4 – Advisory Vote on the Frequency of the Shareholder Advisory Vote on Executive Compensation The Board has solicited a non-binding advisory vote from our shareholders on how often we include the Advisory Vote on Executive Compensation (Proposal #3). Options are: - Every year - Every tw
Slide 12: Business Update
12 Brad Kessel President & CEO Business Update
Slide 13: Mission and Values
Mission Inspiring financial independence today, with tomorrow in mind. A future where people approach their finances with confidence, clarity, and the determination to succeed. 13 Values Courage Drive Integrity People-Focus Teamwork Be Independent
Slide 14: 2025 Full Year Financial Highlights
142025 Full Year Financial Highlights • Net income and diluted earnings per share of $68.5 million and $3.27 • Annualized return on average assets and on average equity of 1.3% and 14.4%, compared to 1.3% and 15.7% respectively in the prior year • Paid cash dividends of $1.04 per share, a 8% increas
Slide 15: Track Record of Consistent Growth & Profitability
15Track Record of Consistent Growth & Profitability BALANCE SHEET 2020 2021 2022 2023 2024 2025 5-Year CAGR Total Assets $4,204 $4,705 $5,000 $5,264 $5,338 $5,506 5.5% Portfolio Loans $2,734 $2,905 $3,465 $3,791 $4,039 $4,276 9.4% Deposits $3,637 $4,117 $4,379 $4,623 $4,654 $4,762 5.5% Tangible Comm
Slide 16: Strong Balance Sheet and Liquidity
16Strong Balance Sheet and Liquidity • Loan growth of $237.5 million, a 5.9% increase from the prior year • Commercial loan growth of $276.2 million (14.3%) • Mortgage loan growth of $8.1 million (0.5%) • Consumer loans decreased $46.8 million (-8.0%) • Deposit growth (excluding brokered time deposi
Slide 17: Strong Credit Quality
17Strong Credit Quality For the year ended December 31, ($M except per share data) Asset Quality: 2020 2021 2022 2023 2024 2025 NPAs / Assets 0.21% 0.11% 0.08% 0.11% 0.13% 0.44% NPAs / Loans + OREO 0.32% 0.18% 0.12% 0.15% 0.17% 0.56% Reserves / Total Loans 1.30% 1.63% 1.51% 1.44% 1.47% 1.48% NCOs /
Slide 18: Strong Capital Position
18Strong Capital Position TCE / TA (%) Leverage Ratio (%) CET1 Ratio (%) Total RBC Ratio (%) Tier 1 Capital Ratio (%) 9.0 8.6 7.9 6.4 7.2 8.0 8.7 0 5 10 15 2019 2020 2021 2022 2023 2024 2025 11.4 12.0 11.0 10.4 10.6 11.2 11.5 0 5 10 15 2019 2020 2021 2022 2023 2024 2025 10.1 9.2 8.8 8.8 9.0 9.9 10.3
Slide 19: Recognized For Our Efforts
19Recognized For Our Efforts SM-All Star for 2024 Community Bankers Cup - 2024 - Forbes Best in-State Bank 2018, 2019, 2023, 2024, 2025 Great Place to Work 2023, 2024, 2025 Raymond James Community Bankers Cup 2024 Piper Sandler SM-All Star 2024 MSHDA Top 10 Lender Award 2017 MasterCard Community Ins
Slide 20: A Look Forward
20A Look Forward Growth & Expansion Process Improvement & Cost Controls Talent Management Risk Management
Slide 21: Voting Results
21Independent Bank Corporation Voting Results • Shares entitled to vote: 20,769,374 • Proposal #1 – Election of Directors • Proposal #2 – Ratification of Auditors • Proposal #3 – Advisory (Non-Binding) Vote on Executive Compensation • Proposal #4 – Advisory (Non-Binding) Vote on Frequency of a Share
Slide 22: Thank you for attending!
Thank you for attending! Be Independent >
Slide 23: Appendix
23 Appendix
Slide 24: Reconciliation of Non-GAAP Financial Measures
24Reconciliation of Non-GAAP Financial Measures 2025 2024 2023 2022 2021 2020 Net interest income $180,015 $166,248 $ 156,329 $ 149,561 $ 129,765 $ 123,612 Non-interest income 45,644 56,362 50,676 61,909 76,643 80,745 Non-interest expense 138,233 135,096 127,119 128,341 131,023 122,413 Pre-Tax, Pre-
Slide 25: Reconciliation of Non-GAAP Financial Measures
25 Reconciliation of Non-GAAP Financial Measures Reconciliation of Non-GAAP Financial Measures 2025 2024 2023 2022 2021 2020 Net Interest Margin, Fully Taxable Equivalent ("FTE") Net interest income 180,015$ 166,248$ 156,329$ 149,561$ 129,765$ 123,612$ Add: taxable equivalent adjustment 1,785 902 90
Slide 26: Reconciliation of Non-GAAP Financial Measures (continued)
26Reconciliation of Non-GAAP Financial Measures Reconciliation of Non-GAAP Financial Measures (continued) Independent Bank Corporation Tangible Common Equity 2025 2024 2023 2022 2021 2020 Common shareholders' equity 502,951$ 454,686$ 404,449$ 347,596$ 398,484$ 389,522$ Less: Goodwill 28,300 28,300 2
Slide 27: Be Independent
Be Independent”