IBCP Stock Recent News

While the top- and bottom-line numbers for Independent Bank (IBCP) give a sense of how the business performed in the quarter ended December 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) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.79 per share a year ago.

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% annualized) from September 30, 2024; and The payment of a 24 cent per share dividend on common stock on November 15, 2024. GRAND RAPIDS, Mich.

Get a deeper insight into the potential performance of Independent Bank (IBCP) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.

GRAND RAPIDS, Mich., Jan. 10, 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 February 14, 2025, to shareholders of record on February 4, 2025. The quarterly dividend represents an 8% increase over the quarterly dividend rate paid for each quarter in 2024.

GRAND RAPIDS, Mich., Jan. 02, 2025 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that Christopher Michaels has been appointed as the organization's new Chief Operating Officer, effective January 2, 2025.

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.

IBCP, BTE, and SVM made it to the Zacks Rank #1 (Strong Buy) value stocks list on August 2, 2024.

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.

GRAND RAPIDS, Mich., July 23, 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 August 15, 2024 to shareholders of record on August 5, 2024.