STOCK TITAN
  1. Home
  2. News
  3. IBCP

Independent Bank Corporation (Ionia, MI) - IBCP STOCK NEWS

Welcome to our dedicated news page for Independent Bank Corporation (Ionia, MI) (Ticker: IBCP), a resource for investors and traders seeking the latest updates and insights on Independent Bank Corporation (Ionia, MI).

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Independent Bank Corporation (Ionia, MI)'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Independent Bank Corporation (Ionia, MI)'s position in the market.

News
Independent Bank Corporation Announces Date for Its First Quarter 2024 Earnings Release
Rhea-AI Summary
Independent Bank (NASDAQ: IBCP) is set to release its 2024 first-quarter results on April 25, 2024, with a conference call for investors and analysts. The call will feature Brad Kessel, President and CEO, Gavin Mohr, CFO, and Joel Rahn, EVP Commercial Banking.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.41%
Tags
earnings
-
News
Independent Bank Corporation Reports 2023 Fourth Quarter Results
Rhea-AI Summary
Independent Bank Corporation (IBCP) reported a net income of $13.7 million in the fourth quarter of 2023, a decrease from $15.1 million in the prior-year period. For the year ended December 31, 2023, the net income was $59.1 million compared to $63.4 million in 2022. The company saw an increase in net interest income, book value, and tangible book value per share. The provision for credit losses was a credit of $0.6 million in the fourth quarter of 2023, compared to an expense of $6.2 million in the full year of 2023. Non-interest income decreased due to variances in mortgage banking related revenues. Total assets increased to $5.26 billion at December 31, 2023. The Company also authorized the 2024 share repurchase plan, allowing the purchase of up to 1,100,000 shares, or approximately 5% of its then outstanding common stock.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-3.45%
Tags
earnings
-
News
Independent Bank Corporation Announces 4% Increase in Quarterly Cash Dividend on Common Stock
Rhea-AI Summary
Independent Bank Corporation (IBCP) has declared a quarterly cash dividend of 24 cents per share, representing a 4% increase over the 2023 quarterly dividend rate. The dividend is payable on February 15, 2024, to shareholders of record on February 5, 2024. The President and CEO, William B. Kessel, highlighted the eleventh consecutive annual increase in dividends, attributing it to the company's long-term operating performance, strong capital position, and optimistic future outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.28%
Tags
dividends
News
Independent Bank Corporation Announces Date for Its Fourth Quarter 2023 Earnings Release
Rhea-AI Summary
Independent Bank Corporation (NASDAQ: IBCP) will release its 2023 fourth quarter results on Thursday, January 25, 2024. The company's President and CEO, Brad Kessel, along with CFO Gavin Mohr and EVP Commercial Banking Joel Rahn, will review the quarterly results in a conference call for investors and analysts at 11:00 am ET on the same day. The call will be accessible via phone and audio webcast with user-controlled slides. A playback of the call will be available through February 1, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.39%
Tags
earnings
-
News
Independent Bank Corporation Announces the Adoption of Its 2024 Share Repurchase Plan
Rhea-AI Summary
Independent Bank Corporation (NASDAQ: IBCP) authorizes a 2024 share repurchase plan to buy back up to 1,100,000 shares, representing approximately 5% of its common stock. The plan will last through December 31, 2024, and the company intends to fund any repurchases from cash on hand. The 2023 share repurchase plan will expire on December 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
Tags
buyback
-
News
Independent Bank Corporation Reports 2023 Third Quarter Results
Rhea-AI Summary
Independent Bank Corporation reports net income of $17.5 million for Q3 2023, an increase from the prior-year period. Net growth in core deposits and loans. President and CEO comments on positive momentum and solid balance sheet growth. Non-interest income decreases due to variances in mortgage banking revenues.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.84%
Tags
earnings
News
Independent Bank Corporation Announces Quarterly Cash Dividend On Common Stock
Rhea-AI Summary
Independent Bank Corporation declares quarterly cash dividend on common stock
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.57%
Tags
dividends
-
News
Independent Bank Corporation Announces Date for Its Third Quarter 2023 Earnings Release
Rhea-AI Summary
Independent Bank Corporation (NASDAQ: IBCP) to release 2023 Q3 results on October 24, 2023. Conference call for investors and analysts at 11:00 am ET. Playback available until October 31, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
Tags
earnings
-
News
Independent Bank Corporation Reports 2023 Second Quarter Results
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.15%
Tags
earnings
News
Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
Rhea-AI Summary
Independent Bank Corporation announces quarterly cash dividend on its common stock
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.8%
Tags
dividends
Stock IBCP logo
Independent Bank Corporation (Ionia, MI)

Nasdaq:IBCP

IBCP Rankings

#2976 Ranked by Market Cap
#3211 Ranked by Stock Gains
#821 Ranked by Dividends

IBCP Stock Data

486.68M
19.09M
4.58%
81.15%
1.1%
Commercial Banking
Finance and Insurance
Link
United States
Grand Rapids

About IBCP

independent bank is a michigan-based bank that's been operated locally for more than 150 years. in 1864 we were founded as first national bank of ionia; we now have locations across the lower peninsula and we’re the fifth largest bank headquartered in michigan. but in one way we’ve never changed – people are always our first priority. we’re committed to providing exceptional service and value to our customers, our stockholders, and our communities. after 150 years of local banking, we understand the needs of individuals, families, and businesses around the state – and we’re committed to addressing them. we support local causes and our employees serve their communities’ human services agencies, arts and cultural organizations, school systems, places of worship, and more. we’re your friends and neighbors, locally invested the same way you are. we’re a full-service bank that provides a wide range of competitive banking products, services, and technology. visit us at independentbank.com fo