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 Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company for Independent Bank, a community bank serving customers across Michigan’s Lower Peninsula. This news page aggregates company-issued updates and market-moving announcements related to IBCP, giving readers a single view of the organization’s public communications.
According to its releases, Independent Bank Corporation regularly reports on quarterly and annual financial results, including net interest income, non-interest income, asset quality metrics, and capital ratios. Earnings announcements are often accompanied by details on conference calls and slide presentations for investors and analysts, providing additional context on performance and strategy.
Visitors to this page will also find corporate actions and capital management news, such as the authorization and activity of share repurchase plans and the declaration of quarterly cash dividends on common stock. These items reflect how the company manages capital and returns value to shareholders, subject to regulatory and board considerations.
In addition, Independent Bank Corporation issues news on governance and leadership developments, including appointments to its Board of Directors and changes in executive roles within the bank, as well as statements recognizing long-serving leaders. The company’s communications may also highlight participation in investor conferences, where management discusses strategies and recent financial performance.
For investors, analysts, and observers of regional commercial banks, this IBCP news feed offers an organized view of the company’s official announcements, from financial results and dividends to leadership updates and conference presentations.
Independent Bank Corporation (NASDAQ: IBCP) reported Q2 2025 net income of $16.9 million, or $0.81 per diluted share, compared to $18.5 million, or $0.88 per share, in Q2 2024. The bank demonstrated strong performance with 9.0% annualized loan growth and a net interest margin expansion of 9 basis points compared to Q1 2025.
Key financial metrics include a return on average assets of 1.27% and return on average equity of 14.66%. The bank maintained strong credit quality with non-performing assets at 0.16% of total assets and net charge-offs of 0.02%. Total assets reached $5.42 billion, with deposits of $4.66 billion and a robust capital position with tangible common equity at $439.7 million.
Independent Bank Corporation (NASDAQ: IBCP) has declared a quarterly cash dividend of $0.26 per share on its common stock. The dividend will be paid on August 15, 2025, to shareholders of record as of August 5, 2025.
Independent Bank Corporation, founded in 1864 as First National Bank of Ionia, operates throughout Michigan's Lower Peninsula with total assets of $5.3 billion. The company provides comprehensive financial services including commercial banking, mortgage lending, investments, and insurance services through its subsidiary Independent Bank.
Independent Bank Corporation (NASDAQ: IBCP) has scheduled its second quarter 2025 earnings release for July 24, 2025, at 8:00 am ET. The company will host a conference call at 11:00 am ET on the same day, featuring presentations from CEO Brad Kessel, CFO Gavin Mohr, and EVP Commercial Banking Joel Rahn.
The Michigan-based bank holding company, with total assets of $5.3 billion, will make the results available on their website's investor relations section. Investors can participate in the live conference call or access the audio webcast with slides, with a replay available through July 31, 2025.
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.
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