Independent Bk Corp Mich - IBCP STOCK NEWS

SnapLogic has launched Agent Creator, a new system for building LLM-powered AI agents that integrate with existing workflows and data pipelines. The platform enables enterprises to develop intelligent agents that can automate tasks and make real-time decisions. Independent Bank (NASDAQ: IBCP) has successfully implemented these agents to reduce help desk tickets and voice call backlogs. The system features dynamic task iteration, intelligent reasoning using LLMs, real-time API access, and flexible autonomy controls. Customers are utilizing the platform for various applications including finance operations automation, fraud detection, and sales process enhancement.

Independent Bank (NASDAQ: IBCP), the holding company of Independent Bank, has announced a quarterly cash dividend of 24 cents per share on its common stock. The dividend is payable on November 15, 2024 to shareholders of record on November 5, 2024.

Independent Bank , founded in 1864 as First National Bank of Ionia, is a Michigan-based bank holding company with total assets of approximately $5.3 billion. The company operates a branch network across Michigan's Lower Peninsula through its state-chartered bank subsidiary, Independent Bank. It provides a full range of financial services, including commercial banking, mortgage lending, investments, and insurance services.

Independent Bank (NASDAQ: IBCP) has announced the release date for its third quarter 2024 earnings. The company, which is the holding company of Independent Bank, a Michigan-based community bank, will issue its results on Thursday, October 24, 2024, at approximately 8:00 am ET. The release will be available on the company's website, IndependentBank.com, in the 'News' section of the 'Investor Relations' area.

A conference call for investors and analysts will follow at 11:00 am ET on the same day, featuring Brad Kessel (President and CEO), Gavin Mohr (CFO), and Joel Rahn (EVP Commercial Banking). Participants can dial 1-833-470-1428 (Access Code # 957797) to join the call, which will also be accessible via audio webcast. A playback will be available until October 31, 2024, by dialing 1-866-813-9403 (Access Code # 159381).

Independent Bank (NASDAQ: IBCP) reported strong Q2 2024 results, with net income of $18.5 million, or $0.88 per diluted share, up 25.3% and 25.7% respectively from Q2 2023. Key highlights include:

- Net interest income increased 7.8% year-over-year to $41.3 million
- Net interest margin improved to 3.40% from 3.24% in Q2 2023
- Core deposits grew by $53.3 million (4.8% annualized) from Q1 2024
- Loans increased by $11.9 million (1.2% annualized) from Q1 2024
- Tangible book value per share rose 16.5% year-over-year to $19.16

The company maintained strong asset quality with non-performing loans at 0.12% of total portfolio loans. The allowance for credit losses stood at 1.46% of total portfolio loans. IBCP's capital ratios remain well above regulatory requirements, with a total capital to risk-weighted assets ratio of 12.95%.

Independent Bank (NASDAQ: IBCP), the holding company of Independent Bank, has declared a quarterly cash dividend of 24 cents per share on its common stock. The dividend is payable on August 15, 2024 to shareholders of record on August 5, 2024.

Independent Bank , founded in 1864, is a Michigan-based bank holding company with total assets of approximately $5.2 billion. It operates a branch network across Michigan's Lower Peninsula through its subsidiary, Independent Bank, offering a full range of financial services including commercial banking, mortgage lending, investments, and insurance.

Independent Bank (NASDAQ: IBCP) announced it will release its Q2 2024 earnings results on July 25, 2024, at around 8:00 am ET. The results will be accessible in the 'News' section of the 'Investor Relations' area on IndependentBank.com. A conference call to discuss the results, featuring key executives including CEO Brad Kessel and CFO Gavin Mohr, will follow at 11:00 am ET. Participants can join the call by dialing 1-833-470-1428 with Access Code #459632. An audio webcast with user-controlled slides will also be available. A replay of the call can be accessed through August 1, 2024, by dialing 1-866-813-9403 with Access Code #287261.

Independent Bank , a Michigan-based bank holding company with assets of approximately $5.2 billion, operates across Michigan's Lower Peninsula. The company offers a range of financial services including commercial banking, mortgage lending, investments, insurance, and title services.

Independent Bank (NASDAQ: IBCP) reported strong financial results for the first quarter of 2024, with significant increases in net income, diluted earnings per share, tangible book value per share, core deposits, and loans. The company also paid a dividend on common stock. President and CEO Brad Kessel highlighted the positive performance, emphasizing organic growth, net interest margin expansion, and well-managed expenses.

Independent Bank appoints Stephen L. Gulis, Jr. as Chairperson of its Board of Directors. Mr. Gulis succeeds Mr. Michael M. Magee and brings extensive experience in finance and operations to the role.

Independent Bank (NASDAQ: IBCP) declares a quarterly cash dividend of 24 cents per share on its common stock, payable on May 13, 2024, to shareholders of record on May 3, 2024.