Associated tags: First National Bank, Independent Bank (Michigan), Banking, Bank, Rockland Trust, Professional Services, Finance, FDIC, Inclusion, Shotter v Westpac Banking Corp, Culture, Education, Diversity, Community, Community Reinvestment Act, Equal housing lender, Employee resource group
Locations: GRAND RAPIDS, MI, US, ISLAND, FLORIDA, ILLINOIS, CHICAGO, KESSEL, UNITED STATES, NORTH AMERICA, MASSACHUSETTS, RHODE ISLAND
GRAND RAPIDS, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported first quarter 2024 net income of $16.0 million, or $0.76 per diluted share, versus net income of $13.0 million, or $0.61 per diluted share, in the prior-year period.
Key Points:
- GRAND RAPIDS, Mich., April 25, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported first quarter 2024 net income of $16.0 million, or $0.76 per diluted share, versus net income of $13.0 million, or $0.61 per diluted share, in the prior-year period.
- (“Brad”) Kessel, the President and Chief Executive Officer of Independent Bank Corporation, commented: “I am very pleased with our first quarter 2024 results, driving organic growth on both sides of the balance sheet with loans up 5.3% and core deposits up 9.0%.
- Average interest-earning assets were $4.91 billion in the first quarter of 2024, compared to $4.70 billion in the year ago quarter and $4.93 billion in the fourth quarter of 2023.
- Non-interest income totaled $12.6 million for the first quarter of 2024, compared to $10.6 million in the comparable prior year period.
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Management GRAND RAPIDS, Mich., April 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board of Directors appointed Stephen L. Gulis, Jr. as Chairperson to the Boards of the Corporation and the Bank.
Key Points:
- GRAND RAPIDS, Mich., April 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that its Board of Directors appointed Stephen L. Gulis, Jr. as Chairperson to the Boards of the Corporation and the Bank.
- Mr. Gulis succeeds Mr. Michael M. Magee who served as Chairperson of the Corporation and the Bank since January 1, 2013.
- Mr. Gulis became a Director of the Boards of Independent Bank Corporation and Independent Bank in 2004.
- We are pleased to have him continue to serve on the Corporate and Bank boards.”
Stephen Gulis, Jr. commented: “I am honored to accept the position of Chairperson of the Board of Directors of Independent Bank Corporation and of Independent Bank.
GRAND RAPIDS, Mich., April 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 24 cents per share.
Key Points:
- GRAND RAPIDS, Mich., April 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 24 cents per share.
- This dividend is payable on May 13, 2024 to shareholders of record on May 3, 2024.
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Real estate Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2024 first quarter net income of $47.8 million, or $1.12 per diluted share, compared to 2023 fourth quarter net income of $54.8 million, or $1.26 per diluted share.
Key Points:
- Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2024 first quarter net income of $47.8 million, or $1.12 per diluted share, compared to 2023 fourth quarter net income of $54.8 million, or $1.26 per diluted share.
- In conjunction with deposit growth during the quarter, total borrowings declined by $193.0 million, or 15.8%, during the first quarter of 2024.
- Noninterest income of $29.9 million for the first quarter of 2024 represented a decrease of $2.1 million, or 6.6%, as compared to the prior quarter.
- The first quarter provision for credit losses was $5.0 million as compared to $5.5 million for the fourth quarter of 2023.
GRAND RAPIDS, Mich., April 02, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2024 first quarter results on Thursday, April 25, 2024, at approximately 8:00 am ET.
Key Points:
- GRAND RAPIDS, Mich., April 02, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2024 first quarter results on Thursday, April 25, 2024, at approximately 8:00 am ET.
- The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company’s website.
- Also the conference call will be accessible through an audio webcast with user-controlled slides via the following event site/URL: https://events.q4inc.com/attendee/312593309 .
- The replay will be available through May 3, 2024.
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Equal housing lender Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss first quarter results on Friday, April 19, 2024, at 10:00 AM Eastern Time.
Key Points:
- Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss first quarter results on Friday, April 19, 2024, at 10:00 AM Eastern Time.
- A replay of the call will be available by calling 877-344-7529, Replay Conference Number: 5035315 which will be available through April 26, 2024.
- Internet access to the call is available on the Company’s website at https://indb.rocklandtrust.com by selecting First Quarter 2024 Earnings Conference Call.
- Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts.
The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.57 per share dividend, representing a $0.02 increase from the prior quarter.
Key Points:
- The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.57 per share dividend, representing a $0.02 increase from the prior quarter.
- The dividend will be payable on April 5, 2024, to stockholders of record as of the close of business on April 1, 2024.
- “The 4% increase in our dividend is a reflection of the Company’s strong capital and long term value creation for our shareholders,” stated Jeffrey Tengel, Chief Executive Officer of Independent Bank Corp.
- Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts.
Retrieved on:
Thursday, February 29, 2024
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Conference Jeffrey Tengel, Chief Executive Officer and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2024 RBC Capital Markets Global Financial Institutions Conference on March 5, 2024.
Key Points:
- Jeffrey Tengel, Chief Executive Officer and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2024 RBC Capital Markets Global Financial Institutions Conference on March 5, 2024.
- The conference will take place at The InterContinental New York Barclay, 111 E 48th Street, New York, NY 10017.
- Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts.
- The Bank also offers a full suite of mobile, online, and telephone banking services.
Banking,
Professional Services,
Finance,
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Education,
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Culture,
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Conference Jeffrey Tengel, Chief Executive Officer, Gerard Nadeau, President, and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2024 KBW Winter Financial Services Conference on February 15, 2024.
Key Points:
- Jeffrey Tengel, Chief Executive Officer, Gerard Nadeau, President, and Mark J. Ruggiero, Chief Financial Officer and Executive Vice President of Consumer Lending of Independent Bank Corp. (NASDAQ Global Select Market: INDB) will participate in the 2024 KBW Winter Financial Services Conference on February 15, 2024.
- The conference will take place at The Boca Raton Resort, 501 E. Camino Real, Boca Raton, FL 33432.
- Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts.
- The Bank also offers a full suite of mobile, online, and telephone banking services.
Retrieved on:
Thursday, January 25, 2024
GRAND RAPIDS, Mich., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported fourth quarter 2023 net income of $13.7 million, or $0.65 per diluted share, versus net income of $15.1 million, or $0.71 per diluted share, in the prior-year period. For the year ended December 31, 2023, the Company reported net income of $59.1 million, or $2.79 per diluted share, compared to net income of $63.4 million, or $2.97 per diluted share, in 2022.
Key Points:
- GRAND RAPIDS, Mich., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported fourth quarter 2023 net income of $13.7 million, or $0.65 per diluted share, versus net income of $15.1 million, or $0.71 per diluted share, in the prior-year period.
- (“Brad”) Kessel, the President and Chief Executive Officer of Independent Bank Corporation, commented: “'Our fourth quarter performance capped off another remarkably strong year, with our organization performing exceptionally well despite continued challenges in the macroeconomic environment.
- The Company’s net interest income totaled $40.1 million during the fourth quarter of 2023, a decrease of $0.5 million, or 1.2% from the year-ago period, and up $0.7 million, or 1.7%, from the third quarter of 2023.
- Average interest-earning assets were $4.93 billion in the fourth quarter of 2023, compared to $4.64 billion in the year ago quarter and $4.89 billion in the third quarter of 2023.
