Independent Bank Corporation
US ˙ NasdaqGS ˙ US4538386099

SecurityIBCP / Independent Bank Corporation
InstitutionBailard, Inc.
Latest Disclosed Ownership25,460 shares
Latest Disclosed Value $ 847,818
Bailard, Inc. reports 9.46% increase in ownership of IBCP / Independent Bank Corporation

On May 11, 2026 - Bailard, Inc. filed a 13F-HR form disclosing ownership of 25,460 shares of Independent Bank Corporation (US:IBCP) valued at $847,818 USD as of March 31, 2026. The entity filed a previous 13F-HR on February 4, 2026 disclosing 23,260 shares of Independent Bank Corporation. This represents a change in shares of 9.46% during the quarter. The current value of the position is $845,017 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-11 2026-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 25,460 2,200 9.46 848 12.04 0.0195
2026-02-04 2025-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 23,260 0 0.00 757 5.00 0.0168
2025-10-30 2025-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 23,260 900 4.03 720 -0.55 0.0157
2025-08-08 2025-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 22,360 1,100 5.17 725 10.70 0.0169
2025-05-02 2025-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 21,260 0 0.00 655 -11.62 0.0169
2025-02-05 2024-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 21,260 2,500 13.33 740 18.40 0.0189
2024-10-30 2024-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 18,760 1,400 8.06 626 33.55 0.0163
2024-07-25 2024-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 17,360 1,400 8.77 469 15.84 0.0129
2024-05-08 2024-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 15,960 3,260 25.67 405 22.42 0.0112
2024-02-02 2023-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 12,700 12,700 330 0.0098
2023-07-20 2023-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 0 -11,400 -100.00 0 -100.00
2023-05-08 2023-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 11,400 -10,600 -48.18 203 -61.60 0.0073
2023-02-02 2022-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 22,000 22,000 526 0.0200
2022-10-18 2022-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 0 -30,487 -100.00 0 -100.00
2022-07-27 2022-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 30,487 0 0.00 588 -12.37 0.0231
2022-04-25 2022-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 30,487 0 0.00 671 -7.83 0.0226
2022-02-10 2021-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 30,487 2,300 8.16 728 20.33 0.0232
2021-11-15 2021-09-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 28,187 0 0.00 605 -1.14 0.0207
2021-08-13 2021-06-30 13F INDEPENDENT BK CORP MICH COM NEW 453838609 28,187 15,300 118.72 612 100.66 0.0211
2021-05-13 2021-03-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 12,887 2,000 18.37 305 51.74 0.0113
2021-02-03 2020-12-31 13F INDEPENDENT BK CORP MICH COM NEW 453838609 10,887 10,887 201 0.0092
2020-08-12 2020-06-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 0 -18,700 -100.00 0 -100.00
2020-04-16 2020-03-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 18,700 9,200 96.84 241 12.09 0.0172
2020-01-31 2019-12-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 9,500 9,500 215 0.0121
2019-04-24 2019-03-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 0 -19,400 -100.00 0 -100.00
2019-02-05 2018-12-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 19,400 -11,100 -36.39 408 -43.41 0.0276
2018-11-13 2018-09-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 30,500 0 0.00 721 -7.33 0.0422
2018-08-08 2018-06-30 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 30,500 0 0.00 778 11.46 0.0463
2018-05-07 2018-03-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 30,500 0 0.00 698 2.35 0.0446
2018-02-08 2017-12-31 13F INDEPENDENT BANK CORP MICH COM NEW 453838609 30,500 30,500 682 0.0429
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.