Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

Independent Bank (NASDAQ: IBCP) has announced a quarterly cash dividend of $0.26 per share on its common stock.

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Rhea-AI Summary

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.

Positive

Consistent dividend payment demonstrates financial stability
Substantial asset base of $5.3 billion
Diversified revenue streams through multiple financial services

Negative

None.

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News Market Reaction – IBCP

The recorded move for IBCP in the trading session of this news was +3.23%.

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04/22/2025 - 11:00 AM

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.

About Independent Bank Corporation

Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $5.3 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

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount for Independent Bank (IBCP) in Q2 2025?

Independent Bank (IBCP) declared a quarterly dividend of $0.26 per share for Q2 2025.

When is the dividend payment date for IBCP's latest dividend announcement?

The dividend will be paid on May 15, 2025, to shareholders of record as of May 5, 2025.

What is Independent Bank 's (IBCP) total asset value?

Independent Bank has total assets of approximately $5.3 billion.

What services does Independent Bank (IBCP) offer in Michigan?

Independent Bank offers commercial banking, mortgage lending, investments, and insurance services across Michigan's Lower Peninsula.

Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock