Independent Bank Corporation Stock News

Independent Bank Corporation (NASDAQ:IBCP ) Q1 2025 Earnings Conference Call April 24, 2025 11:00 AM ET Company Participants Brad Kessel - President & Chief Executive Officer Joel Rahn - Executive President, Commercial Banking Gavin Mohr - Executive Vice President & Chief Financial Officer Conference Call Participants Brendan Nosal - Hovde Group Peter Winter - D.A. Davidson Damon DelMonte - KBW...

First Quarter Highlights Highlights for the first quarter of 2025 include: Increase in net interest income of $0.8 million (or 1.9% ) over the fourth quarter of 2024; Increase in tangible book value per share of $2.43 (13.2%) from March 31, 2024; Net growth in core deposits of $9.1 million (or 0.8% annualized) from December 31, 2024; Net growth in loans of $33.9 million (or 3.4% annualized) fro...

GRAND RAPIDS, Mich., April 22, 2025 (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 26 cents per share. This dividend is payable on May 15, 2025, to shareholders of record on May 5, 2025.

GRAND RAPIDS, Mich., March 28, 2025 (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 2025 first quarter results on Thursday, April 24, 2025, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of ...

Sixteen companies are boosting their dividends, with an average increase of 8.2%, signaling financial health and stability, particularly among regional banks. My investment strategy focuses on companies with consistently rising dividends and outperforming benchmarks, aiming for long-term wealth accumulation. I use data from the "U.S. Dividend Champions" spreadsheet and NASDAQ to identify compan...

Independent Bank Corporation had a stellar 2024 with a 36% price return, but 2025 looks more challenging with moderate loan growth. Deposits increased to $4.70 billion, with a reduced cost of funds, while the loan portfolio is expected to grow by 5-6% in 2025. Despite strong fundamentals and low non-performing loans, IBCP stock's current price lacks a sufficient margin of safety, trading 25% ab...

Independent Bank Corporation (NASDAQ:IBCP ) Q4 2024 Earnings Conference Call January 23, 2025 11:00 AM ET Company Participants Brad Kessel - President and Chief Executive Officer Joel Rahn - Executive President, Commercial Banking Gavin Mohr - Executive President, Head of Commercial Banking Conference Call Participants Adam Kroll - Piper Sandler Brendan Nosal - Hovde Group Matt Renck - KBW Oper...

Fourth Quarter Highlights Highlights for the fourth quarter of 2024 include: An increase in net interest income of $1.0 million (2.4%) over the third quarter of 2024; A net interest margin of 3.45% (eight basis point increase from the linked quarter) A return on average assets and a return on average equity of 1.39% and 16.31%, respectively; Net growth in loans of $96.5 million (or 9.7% annuali...