Welcome to our dedicated page for Independent Bk Mich news (Ticker: IBCP), a resource for investors and traders seeking the latest updates and insights on Independent Bk Mich stock.
Independent Bk Corp Mich (IBCP) delivers trusted financial services across Michigan through 150+ years of community-focused banking. This news hub provides investors and stakeholders with direct access to the bank's official communications and market developments.
Track IBCP's latest earnings reports, leadership updates, and strategic initiatives alongside announcements about digital banking enhancements and community partnership programs. Our curated collection ensures timely updates on commercial lending trends, regulatory compliance matters, and local economic impact efforts.
Discover press releases detailing new branch openings, mortgage rate adjustments, and small business support initiatives. Bookmark this page for streamlined access to IBCP's financial disclosures and service updates, maintaining your awareness of this established regional institution's evolving role in Michigan's banking landscape.
Independent Bank (NASDAQ: IBCP) reported Q1 2025 net income of $15.6 million, or $0.74 per diluted share, compared to $16.0 million ($0.76/share) in Q1 2024. Key highlights include:
- Net interest income increased by $0.8M (1.9%) from Q4 2024
- Tangible book value per share grew 13.2% year-over-year
- Core deposits increased by $9.1M (0.8% annualized)
- Loan portfolio grew by $33.9M (3.4% annualized)
- Net interest margin improved to 3.49%
The bank maintains strong credit metrics with non-performing assets at 0.14% of total assets and net charge-offs at 0.01%. The allowance for credit losses stands at 1.47% of total loans. Total assets reached $5.33 billion, with deposits at $4.63 billion and loans at $4.07 billion as of March 31, 2025.
Independent Bank (NASDAQ: IBCP) has announced a quarterly cash dividend of $0.26 per share on its common stock. The dividend will be payable on May 15, 2025, to shareholders of record on May 5, 2025.
The Michigan-based bank holding company, founded in 1864 as First National Bank of Ionia, currently operates with total assets of $5.3 billion. Independent Bank maintains a branch network across Michigan's Lower Peninsula, offering comprehensive financial services including commercial banking, mortgage lending, investments, and insurance services.
Independent Bank (NASDAQ: IBCP) has scheduled its first quarter 2025 earnings release for Thursday, April 24, 2025, at approximately 8:00 am ET. The company will host a conference call at 11:00 am ET the same day, featuring President and CEO Brad Kessel, CFO Gavin Mohr, and EVP Commercial Banking Joel Rahn.
The earnings release will be accessible on IndependentBank.com in the 'News' section under 'Investor Relations'. Investors can join the live conference call by dialing 1-833-470-1428 (Access Code: 706949) or through an audio webcast. A playback will be available until May 1, 2025.
Independent Bank , founded in 1864 as First National Bank of Ionia, currently operates with total assets of $5.3 billion through its branch network across Michigan's Lower Peninsula, offering commercial banking, mortgage lending, investments, insurance and title services.
Independent Bank (NASDAQ: IBCP) reported strong Q4 2024 results with net income of $18.5 million ($0.87 per diluted share), up from $13.7 million ($0.65 per diluted share) in Q4 2023. Full-year 2024 net income reached $66.8 million ($3.16 per diluted share), compared to $59.1 million ($2.79 per diluted share) in 2023.
Key Q4 highlights include a 2.4% increase in net interest income to $42.9 million, a net interest margin of 3.45%, and impressive loan portfolio growth of 9.7% annualized. The company achieved balanced growth with total loan growth of 7% and core deposit growth of 5% for the year. Credit metrics remained strong with near-historic lows in watch credits and non-performing assets.
The Board approved an 8% increase in quarterly dividend for 2025, marking the twelfth consecutive annual increase. The company also announced plans to sell approximately $971 million of mortgage servicing rights in Q1 2025, representing 27.8% of its total servicing portfolio.
Independent Bank (NASDAQ: IBCP) has announced an 8% increase in its quarterly cash dividend to 26 cents per share, payable on February 14, 2025, to shareholders of record on February 4, 2025. This marks the company's twelfth consecutive annual dividend increase.
The Michigan-based bank holding company, with total assets of approximately $5.3 billion, operates a branch network across Michigan's Lower Peninsula. Founded in 1864 as First National Bank of Ionia, Independent Bank provides commercial banking, mortgage lending, investments, and insurance services.
President and CEO William B. Kessel attributed the dividend increase to the company's consistent long-term performance, robust capital position, and optimistic future outlook.
Independent Bank (NASDAQ: IBCP) has appointed Christopher Michaels as its new Chief Operating Officer, effective January 2, 2025. Michaels, who has been with the organization for twelve years, previously served as Chief Information Officer and Senior Vice President since January 2020.
The Michigan-based bank holding company, with total assets of approximately $5.3 billion, operates through Independent Bank across Michigan's Lower Peninsula. The bank, founded in 1864 as First National Bank of Ionia, provides comprehensive financial services including commercial banking, mortgage lending, investments, and insurance.
CEO William B. Kessel highlighted Michaels' proven leadership abilities and successful track record in driving organizational transformation, expressing confidence in his ability to enhance customer service and achieve long-term growth objectives.
Independent Bank (NASDAQ: IBCP) has announced it will release its fourth quarter 2024 financial results on Thursday, January 23, 2025, at approximately 8:00 am ET. The company will host a conference call at 11:00 am ET the same day, featuring President and CEO Brad Kessel, CFO Gavin Mohr, and EVP Commercial Banking Joel Rahn.
The Michigan-based bank holding company, with total assets of approximately $5.3 billion, operates a branch network across Michigan's Lower Peninsula through its subsidiary Independent Bank, which provides commercial banking, mortgage lending, investments, insurance and title services.
Independent Bank (NASDAQ: IBCP) announced it will release its fourth quarter 2024 financial results on Thursday, January 23, 2025, at approximately 8:00 am ET. The company will host a conference call at 11:00 am ET the same day, featuring Brad Kessel (President and CEO), Gavin Mohr (CFO), and Joel Rahn (EVP Commercial Banking). The call will be accessible via phone and audio webcast. Independent Bank , with total assets of approximately $5.3 billion, operates a branch network across Michigan's Lower Peninsula, providing commercial banking, mortgage lending, investments, insurance, and title services.
Independent Bank (NASDAQ: IBCP) has announced its 2025 share repurchase plan, authorized by the Board of Directors on December 17, 2024. The plan allows the company to repurchase up to 1,100,000 shares, approximately 5% of its common stock, through December 31, 2025.
The repurchases will primarily be conducted through open market transactions, with timing and volume depending on factors including stock price, regulatory requirements, and financial performance. The company plans to fund repurchases from cash on hand. Notably, under its 2024 repurchase plan, which expires December 31, 2024, no shares had been repurchased as of December 17, 2024.
Independent Bank (NASDAQ: IBCP) reported Q3 2024 net income of $13.8 million, or $0.65 per diluted share, compared to $17.5 million, or $0.83 per diluted share, in Q3 2023. The quarter saw net interest income increase by $2.4 million (6.2%) year-over-year to $41.9 million. Core deposits grew by $100.1 million (8.9% annualized) and loans increased by $90.4 million (9.3% annualized) from June 30, 2024. The company maintained strong asset quality with non-performing loans at 0.13% of total portfolio loans. Tangible book value per share increased by $3.69 (22.3%) compared to Q3 2023.
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