Independent Bank Corporation (IBCP) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Thank you for standing by. Welcome to the Independent Bank Corporation second quarter 2026 earnings call. At this time, all participants are on a listen-only mode. After the speaker's presentation, there'll be a question and answer session. To ask a question during the session, you'll need to press star 1-1 on your telephone. You will then hear an automated message advising your hand is raised. To withdraw your question, please press star 1-1 again. Please be advised, today's conference is being recorded. I would now like to hand the conference over to your speaker today, President and CEO Brad Kessel. Please go ahead. Good morning and welcome to today's call. Thank you for joining us for Independent Bank Corporation's conference call and webcast to discuss the company's results for the second quarter of 2026. I'm Brad Kessel, President and Chief Executive Officer. Joining me is Gavin Mohr, Executive Vice President and our Chief Financial Officer, and Joel Rahn, Executive Vice President and Head of Commercial Banking. Before we begin today's call, I'd like to direct you to important information on page two of our presentations. specifically the cautionary note regarding forward-looking statements. If anyone does not already have a copy of the press release issued by us today, you can access it at the company's website, independentbank.com. The agenda for today's call will include prepared remarks followed by a question and answer session and then closing remarks. Earlier this morning, Independent Bank Corporation reported second quarter 2026 net income of $18.8 million or 90 cents per diluted share. versus net income of $16.9 million or 81 cents per diluted share in the prior year period. Highlights for the second quarter of 2026 include a net interest margin of 3.71...