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.
Independent Bank Corporation (NASDAQ: IBCP), based in Michigan, announced the upcoming release of its third quarter 2022 financial results on October 25, 2022, at 8:00 am ET. The results will be available on their website. A conference call featuring President and CEO Brad Kessel and CFO Gavin Mohr will follow at 11:00 am ET. The call can be accessed via phone and an audio webcast. Independent Bank Corporation operates assets of approximately $4.8 billion and offers a wide range of financial services to its customers.
Independent Bank Corporation (NASDAQ: IBCP) reported a net income of $13.0 million or $0.61 per diluted share for Q2 2022, a 4.9% increase from $12.4 million in Q2 2021. For the first half of 2022, net income totaled $31.0 million, down from $34.4 million year-over-year. Key highlights include a 14.9% increase in net interest income and an annualized return on average assets of 1.10%.
Loan portfolio grew by $254.8 million (34.0% annualized) and total deposits increased by $136.4 million (6.7% annualized). Asset quality remains strong with low non-performing loans.
Independent Bank Corporation (NASDAQ: IBCP) has declared a quarterly cash dividend of 22 cents per share, payable on August 16, 2022, to shareholders of record as of August 5, 2022. The corporation operates one state-chartered bank with total assets nearing $4.8 billion, providing a comprehensive range of financial services across Michigan's Lower Peninsula. This dividend announcement reflects the company's ongoing commitment to delivering value to its shareholders.
Independent Bank Corporation (NASDAQ: IBCP) will release its 2022 second quarter results on July 26, 2022, at 8:00 am ET. Investors can access the release on the company's website. A conference call will follow at 11:00 am ET, led by President and CEO Brad Kessel, CFO Gavin Mohr, and EVP Commercial Banking Joel Rahn. The call can be joined via phone or an audio webcast. A playback of the call will be available until August 2, 2022. Independent Bank Corporation manages approximately $4.8 billion in assets and offers a wide range of financial services across Michigan.
Independent Bank Corporation (NASDAQ: IBCP) reported a first quarter 2022 net income of $18.0 million ($0.84 per diluted share), down from $22.0 million ($1.00) year-over-year. The decline resulted from a drop in non-interest income and increased non-interest expenses, partly offset by a rise in net interest income. Highlights include a 9.0% growth in net interest income and a 13.8% annualized loan growth. Total assets rose to $4.76 billion. Despite lower mortgage gains, asset quality metrics remained strong with minimal charge-offs and a low ratio of non-performing loans.
Independent Bank Corporation (NASDAQ: IBCP) declared a quarterly cash dividend of 22 cents per share, payable on May 16, 2022, to shareholders of record by May 5, 2022. This decision reflects the company’s ongoing commitment to returning value to its shareholders. The bank, with total assets of approximately $4.7 billion, continues to provide a comprehensive range of financial services throughout Michigan's Lower Peninsula.
Independent Bank Corporation (IBCP) is set to release its 2022 first quarter financial results on April 26, 2022, at 8:00 am ET. The results will be accessible on the company's official website under the Investor Relations section. A conference call for investors will follow at 11:00 am ET the same day, hosted by CEO Brad Kessel, CFO Gavin Mohr, and EVP Commercial Banking Joel Rahn. This bank holding company, founded in 1864, currently has total assets of approximately $4.7 billion and operates branches throughout Michigan.
Independent Bank Corporation (NASDAQ: IBCP) reported a fourth quarter 2021 net income of $12.5 million ($0.58 per diluted share), down from $17.0 million ($0.77 per diluted share) in Q4 2020. However, full-year net income rose to $62.9 million ($2.88 per diluted share) from $56.2 million ($2.53 per diluted share) in 2020. Highlights include a 10.6% increase in net interest income, strong asset quality, and a 10.4% annualized deposit growth. Non-interest expenses rose, influenced by higher compensation and operational costs. A share repurchase plan allowing for the buyback of up to 1.1 million shares was also announced.
Independent Bank Corporation (NASDAQ: IBCP) announced a quarterly cash dividend of 22 cents per share, payable on February 15, 2022. This represents a 5% increase over 2021 quarterly dividends. CEO William B. Kessel attributes this dividend increase to the bank's strong capital position and positive outlook for 2022. With total assets around $4.6 billion, Independent Bank operates across Michigan, offering a range of financial services.
Independent Bank Corporation (NASDAQ: IBCP) will release its fourth quarter 2021 results on January 27, 2022, at 8:00 am ET. The results will be accessible on their website in the Investor Relations section. A conference call for investors, led by President and CEO Brad Kessel, CFO Gavin Mohr, and EVP Joel Rahn, will follow at 11:00 am ET. Participants can join by calling 1-866-200-8394 or via an audio webcast. Independent Bank Corporation, with total assets of approximately $4.6 billion, offers a range of financial services across Michigan.
