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) announced a new share repurchase plan on December 17, 2021, allowing the buyback of up to 1,100,000 shares, about 5% of its common stock. The plan is set to be executed through open market transactions until December 31, 2022. As of December 17, 2021, the company had already repurchased 789,358 shares in its 2021 plan at an average price of $21.14 per share. The repurchases will be funded by cash on hand, reflecting the company's commitment to enhancing shareholder value.
Independent Bank Corporation (NASDAQ: IBCP) reported a third quarter 2021 net income of $16.0 million ($0.73/share), down from $19.6 million ($0.89/share) in Q3 2020. However, year-to-date income rose to $50.4 million, up 28.6% from $39.2 million a year ago. Key highlights include a 5.7% increase in net interest income, strong mortgage loan origination of $453.8 million, and a substantial growth in deposits by $374.7 million (13.8%). Asset quality remains robust with low non-performing loans. A dividend of 21 cents per share was paid on August 16, 2021.
Independent Bank Corporation (NASDAQ: IBCP), based in Michigan, has declared a quarterly cash dividend of 21 cents per share. This dividend will be payable on November 15, 2021 to shareholders of record by November 5, 2021. With total assets of approximately $4.5 billion, Independent Bank operates through a network across Michigan's Lower Peninsula, offering a full range of financial services including commercial banking and mortgage lending.
Independent Bank Corporation (NASDAQ: IBCP) will announce its 2021 third quarter results on October 26, 2021, at 8:00 am ET. The results will be accessible on their website. A conference call led by President and CEO Brad Kessel, along with CFO Gavin Mohr, is scheduled for the same day at 11:00 am ET for investors and analysts. Participants can join by phone or through an audio webcast. Independent Bank Corporation, founded in 1864, manages approximately $4.5 billion in assets and provides a full range of financial services in Michigan.
Independent Bank Corporation (NASDAQ: IBCP) reported a second quarter 2021 net income of $12.4 million ($0.56 per diluted share), down from $14.8 million ($0.67 per diluted share) in the prior-year period. Year-to-date 2021 net income rose to $34.4 million ($1.56 per diluted share), compared to $19.6 million ($0.88 per diluted share) in 2020. Key highlights include a 3.1% increase in net interest income, strong mortgage loan origination volume of $473.7 million, and a low non-performing assets ratio of 0.12%. However, non-interest income decreased due to lower mortgage banking revenues.
Independent Bank Corporation (NASDAQ: IBCP) declared a quarterly cash dividend of 21 cents per share, payable on August 16, 2021 to shareholders of record as of August 6, 2021. With total assets of approximately $4.5 billion, Independent Bank Corporation operates a network of branches across Michigan, offering a full range of financial services including commercial banking and mortgage lending. The corporation aims to deliver exceptional service and value to customers and shareholders alike.
Independent Bank Corporation (NASDAQ: IBCP), based in Michigan, is set to release its second quarter 2021 financial results on July 29, 2021, at 8:00 am ET. The results will be accessible on their website in the Investor Relations section. A conference call for investors will take place the same day at 12:00 pm ET, featuring insights from Brad Kessel, President and CEO, and Gavin Mohr, CFO. The call can be accessed by dialing 1-866-200-8394 or via an audio webcast. Independent Bank Corporation manages approximately $4.4 billion in assets.
Independent Bank Corporation (NASDAQ: IBCP) reported a significant increase in first quarter 2021 net income, reaching $22.0 million, or $1.00 per diluted share, compared to $4.8 million, or $0.21 per diluted share in Q1 2020. This growth of 358.2% in net income is attributed to higher net interest and non-interest income, alongside a decrease in credit loss provisions. Highlights include a return on average assets of 2.10%, mortgage loan origination volume of $509 million, and a 6.1% growth in deposits. However, non-interest expenses rose to $30.0 million, reflecting increased compensation and conversion costs.
Independent Bank Corporation (NASDAQ: IBCP), based in Michigan, announced a quarterly cash dividend of 21 cents per share, payable on May 14, 2021, to shareholders on record as of May 5, 2021. The bank, founded in 1864, has total assets of approximately $4.2 billion and offers a variety of financial services, including commercial banking and mortgage lending. This dividend declaration reflects the company’s commitment to delivering shareholder value.
Independent Bank Corporation (NASDAQ: IBCP) is set to release its 2021 first quarter results on April 27, 2021, at 8:00 am ET. A conference call with President Brad Kessel and CFO Gavin Mohr will follow at 11:00 am ET to discuss the results. The financial data will be available online at IndependentBank.com. With total assets of approximately $4.2 billion, Independent Bank operates across Michigan, offering various financial services including commercial banking and mortgage lending.
