Independent Bank Corporation Announces 7.7% Increase in Quarterly Cash Dividend on Common Stock

Rhea-AI Summary

Independent Bank Corporation (NASDAQ: IBCP) announced a quarterly cash dividend of $0.28 per share, a 7.7% increase from the prior dividend. The dividend is payable on February 13, 2026 to shareholders of record on February 3, 2026. Management noted this marks the thirteenth consecutive annual increase in the company's dividend and cited a robust capital position and optimistic outlook. Independent Bank Corporation is a Michigan-based bank holding company with total assets of approximately $5.5 billion and a branch network across Michigan's Lower Peninsula.

Positive

• Dividend increase of 7.7% to $0.28 per share
• Payable Feb 13, 2026 with record date Feb 3, 2026
• Thirteenth consecutive annual dividend increase
• Total assets of approximately $5.5 billion

Negative

• None.

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GRAND RAPIDS, Mich., Jan. 16, 2026 (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 $0.28 per share. This dividend is payable on February 13, 2026, to shareholders of record on February 3, 2026.

William B. (“Brad”) Kessel, the President and Chief Executive Officer of Independent Bank Corporation, commented: “I am pleased that our Board of Directors has approved a 7.7% increase in our quarterly dividend. This marks the thirteenth consecutive annual increase in our dividend payment. The Board's decision is a testament to our consistent long-term performance, robust capital position, and optimistic outlook for the future.”

About Independent Bank Corporation

Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $5.5 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan's Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments and insurance services. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves.

For more information, please visit our Web site at: IndependentBank.com.

Contact:	William B. Kessel, President and CEO, 616.447.3933 Gavin A. Mohr, Chief Financial Officer, 616.447.3929

FAQ

What dividend did Independent Bank Corporation (IBCP) declare for Q1 2026?

The company declared a quarterly cash dividend of $0.28 per share.

When is the Independent Bank Corporation (IBCP) dividend payable and what is the record date?

The dividend is payable on February 13, 2026 to shareholders of record on February 3, 2026.

How much did Independent Bank Corporation (IBCP) increase its dividend by in January 2026?

The Board approved a 7.7% increase in the quarterly dividend.

How many consecutive years has Independent Bank Corporation (IBCP) raised its dividend?

This marks the thirteenth consecutive annual increase in the company's dividend payment.

What is Independent Bank Corporation's (IBCP) reported asset size in the announcement?

The company reported total assets of approximately $5.5 billion.