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Independent Bk Corp Mich - IBCP STOCK NEWS

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 Bk Corp Mich (IBCP) delivers trusted financial services across Michigan through 150+ years of community-focused banking. This news hub provides investors and stakeholders with direct access to the bank's official communications and market developments.

Track IBCP's latest earnings reports, leadership updates, and strategic initiatives alongside announcements about digital banking enhancements and community partnership programs. Our curated collection ensures timely updates on commercial lending trends, regulatory compliance matters, and local economic impact efforts.

Discover press releases detailing new branch openings, mortgage rate adjustments, and small business support initiatives. Bookmark this page for streamlined access to IBCP's financial disclosures and service updates, maintaining your awareness of this established regional institution's evolving role in Michigan's banking landscape.

News

Independent Bank Corporation Announces Date for Its First Quarter 2024 Earnings Release

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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.
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Independent Bank Corporation Reports 2023 Fourth Quarter Results

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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.
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Independent Bank Corporation Announces 4% Increase in Quarterly Cash Dividend on Common Stock

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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.
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Independent Bank Corporation Announces Date for Its Fourth Quarter 2023 Earnings Release

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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.
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Independent Bank Corporation Announces the Adoption of Its 2024 Share Repurchase Plan

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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.
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Independent Bank Corporation Reports 2023 Third Quarter Results

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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.
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Independent Bank Corporation Announces Quarterly Cash Dividend On Common Stock

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Independent Bank Corporation declares quarterly cash dividend on common stock
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Independent Bank Corporation Announces Date for Its Third Quarter 2023 Earnings Release

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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.
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Independent Bank Corporation Reports 2023 Second Quarter Results

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Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

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Independent Bank Corporation announces quarterly cash dividend on its common stock
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Independent Bk Corp Mich

Nasdaq:IBCP

IBCP Rankings

#1839 Ranked by Market Cap
#1053 Ranked by Dividends

IBCP Stock Data

631.70M
19.96M
4.81%
86.62%
0.89%
Banks - Regional
State Commercial Banks
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United States
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