Independent Bank

Independent Bank Corp. operates as a bank holding company, which engages in the provision of financial services. It offers commercial banking, mortgage lending, investments, and title services. The company was founded in 1864 and is headquartered in Grand Rapids, MI.

Earnings data Q1 2021

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Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Independent Bank reports robust earnings, eyes loan growth opportunities

Independent Bank Corporation delivered strong financial results in Q4 2022, with notable increases in net income and key financial metrics.
While facing challenges such as non-interest expenses and interest rate fluctuations, the company maintains a solid credit quality and growth outlook.
Strategic opportunities lie in further loan growth, efficient interest rate risk management, and sustained focus on core deposit expansion.

Independent Bank posts solid Q2 earnings, eyes growth opportunities

Independent Bank Corporation demonstrated strong financial performance in Q2 2023, supported by growth in net income, solid profitability metrics, and a focus on credit quality.
While facing challenges in share repurchases and cost management, the company maintained operational efficiency and revenue diversification, positioning itself for future growth.
Opportunities lie in brand enhancement, market expansion through commercial lending, and strategic capital allocation to drive sustained performance and shareholder value.

Independent Bank reports stable Q3 earnings amidst growth opportunities

Independent Bank Corporation delivered a solid performance in Q3 2023, with stable net income, strong returns on assets and equity, and growth in deposits and loans.
The bank's focus on cost management, operational efficiency, and revenue diversification presents opportunities for sustained growth and profitability in a competitive market.
While facing challenges such as margin pressures and tax implications, Independent Bank's strategic positioning and prudent risk management are key strengths driving its performance.
Overall, Independent Bank's financial results reflect a resilient business model and a commitment to delivering value to shareholders through prudent financial management.

Independent Bank Corp reports stable earnings, eyes growth opportunities in 2024

Independent Bank Corporation's Q4 2023 earnings showed a slight decrease in net income but highlighted growth in key areas like commercial lending and net interest income.
Despite challenges in core deposits and cost of funds, the company's strong credit quality and positive outlook for 2024 present opportunities for strategic growth.
Investors should note the company's focus on asset growth, credit quality maintenance, and planned initiatives for loan growth and margin improvement in the coming year.

Independent Bank Corp. posts solid Q1 earnings amidst expense challenges

Independent Bank Corporation delivered strong financial performance in Q1 2024, driven by loan and deposit growth. While facing challenges with noninterest expenses, the company remains focused on optimizing margins and pursuing growth opportunities.

Independent Bank reports solid Q2 earnings, eyes growth opportunities

Independent Bank Corporation delivered a solid performance in Q2 2024, with growth in key financial metrics and strong credit quality
While facing challenges in loan portfolio decline and rising expenses, the company's focus on technology and community support offers growth opportunities
Management's optimism and strategic initiatives signal a positive outlook for Independent Bank's future performance and expansion

Independent Bank reports steady Q3 growth amidst expense challenges

Independent Bank Corporation's Q3 2024 performance reflects steady growth in core operations, supported by strong credit quality and revenue diversification.
While facing challenges in expense management and deposit pricing competition, the company remains focused on efficiency and strategic decision-making.
Opportunities lie in future growth initiatives through team investments, technology utilization, and operational optimization to drive sustainable expansion.

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Independent Bank's efforts to boost loan growth will likely compensate for a sub-optimal operating environment in Michigan. The net interest margin could slip further because of interest rate cuts. I've slightly raised my earnings estimate for 2024, as most income statement line items have slightly outperformed my expectations.

Independent Bank: Fairly Valued With A Stable Earnings Outlook

Independent Bank Corporation (NASDAQ:IBCP ) Q3 2024 Earnings Call Transcript October 24, 2024 11:00 AM ET Company Participants Brad Kessel - President & Chief Executive Officer Joel Rahn - Executive President & Head of Commercial Banking Gavin Mohr - Executive Vice President & Chief Financial Officer Conference Call Participants Brendan Nosal - Hovde Group Peter Winter - D.A. Davidson Adam Kroll - Piper Sandler Matt Renck - KBW John Rodis - Janney Operator Hello everyone, and welcome to the Independent Bank Corporation Reports 2024 Third Quarter Results.

Independent Bank Corporation (IBCP) Q3 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Independent Bank (IBCP) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Independent Bank (IBCP) Reports Q3 Earnings: What Key Metrics Have to Say

Independent Bank (IBCP) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.83 per share a year ago.

Independent Bank (IBCP) Misses Q3 Earnings and Revenue Estimates

Third Quarter Highlights Highlights for the third quarter of 2024 include: Increases in net interest income of $0.5 million (or 4.9% annualized) from June 30, 2024; An increase in tangible book value per share of $3.69 (22.3%) over the third quarter of 2023; Net growth in core deposits of $100.1 million (or 8.9% annualized) from June 30, 2024; Net growth in loans of $90.4 million (or 9.3% annualized) from June 30, 2024; and The payment of a 24 cent per share dividend on common stock on August 15, 2024. GRAND RAPIDS, Mich.

Independent Bank Corporation Reports 2024 Third Quarter Results

GRAND RAPIDS, Mich., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 24 cents per share. This dividend is payable on November 15, 2024 to shareholders of record on November 5, 2024.

Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

GRAND RAPIDS, Mich., Sept. 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2024 third quarter results on Thursday, October 24, 2024, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company's website.

Independent Bank Corporation Announces Date for Its Third Quarter 2024 Earnings Release

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Independent Bank Corporation (NASDAQ:IBCP ) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Brad Kessel - President & CEO Gavin Mohr - EVP & CFO Joel Rahn - EVP & Head, Commercial Banking Conference Call Participants Brendan Nosal - Hovde Group Matt Renck - KBW Nathan Race - Piper Sandler Operator Hello all, and welcome to Independent Bank Corporation Reports 2024 Second Quarter Results. My name is Ezra and I will be coordinating your call today.

Independent Bank Corporation (IBCP) Q2 2024 Earnings Call Transcript

Independent Bank (IBCP) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to earnings of $0.70 per share a year ago.

Independent Bank (IBCP) Surpasses Q2 Earnings and Revenue Estimates

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Independent Bank (IBCP) is a Top Dividend Stock Right Now: Should You Buy?

GRAND RAPIDS, Mich., June 28, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2024 second quarter results on Thursday, July 25, 2024, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company's website.

Independent Bank Corporation Announces Date for Its Second Quarter 2024 Earnings Release

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Why Independent Bank (IBCP) is a Top Dividend Stock for Your Portfolio

Independent Bank Corporation (NASDAQ:IBCP ) Q1 2024 Results Conference Call April 25, 2024 11:00 AM ET Company Participants William Kessel - President and CEO Joel Rahn - EVP, Commercial Lending Gavin Mohr - CFO Conference Call Participants Brendan Nosal - Hovde Group Damon DelMonte - KBW John Rodis - Janney Operator Ladies and gentlemen, thank you for standing by. Welcome to the Independent Bank Corporation Reports 2024 First Quarter Results.

Independent Bank Corporation (IBCP) Q1 2024 Earnings Call Transcript

Independent Bank (IBCP) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.61 per share a year ago.

Independent Bank (IBCP) Q1 Earnings and Revenues Top Estimates

First Quarter Highlights Highlights for the first quarter of 2024 include: Increases in net income and diluted earnings per share of 23.1% and 24.6%, respectively, over first quarter of 2023; An increase in tangible book value per share of $2.50 (15.7%) over the first quarter of 2023; Net growth in core deposits of $95.7 million (or 9.0% annualized) from December 31, 2023; Net growth in loans of $49.1 million (or 5.3% annualized) from December 31, 2023; and The payment of a 24 cent per share dividend on common stock on February 15, 2024. GRAND RAPIDS, Mich.

Independent Bank Corporation Reports 2024 First Quarter Results

GRAND RAPIDS, Mich., April 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board of Directors appointed Stephen L. Gulis, Jr. as Chairperson to the Boards of the Corporation and the Bank. Mr. Gulis succeeds Mr. Michael M. Magee who served as Chairperson of the Corporation and the Bank since January 1, 2013. Mr. Gulis became a Director of the Boards of Independent Bank Corporation and Independent Bank in 2004. He retired in 2008 as the Executive Vice President and President of Wolverine Worldwide Global Operations Group. He served as Executive Vice President, CFO, and Treasurer of Wolverine Worldwide prior to his appointment as President, Global Operations. Prior to joining Wolverine Worldwide, he was a certified public accountant with the accounting firm Touche Ross & Company. Mr. Gulis is also a Director for Sleep Number Corporation. In addition to his board positions, Mr. Gulis serves as an independent financial, operations and management advisor to several privately held organizations.

Independent Bank Corporation Announces Appointment of Stephen L. Gulis, Jr. as Chairperson to Its Board of Directors

GRAND RAPIDS, Mich., April 02, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2024 first quarter results on Thursday, April 25, 2024, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company's website.

Independent Bank Corporation Announces Date for Its First Quarter 2024 Earnings Release

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Independent Bank (IBCP) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Independent Bank (IBCP) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

Independent Bank (IBCP) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.

Independent Bank Corporation (IBCP) Hit a 52 Week High, Can the Run Continue?

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