Group 1 - Independent Bank Corporation (NASDAQ: IBCP) will release its 2025 second quarter results on July 24, 2025, at approximately 8:00 am ET [1] - A conference call for investors and analysts will be held on the same day at 11:00 am ET, featuring President and CEO Brad Kessel, CFO Gavin Mohr, and EVP Commercial Banking Joel Rahn [2] - The conference call can be accessed via phone or an audio webcast, with a playback option available until July 31, 2025 [3] Group 2 - Independent Bank Corporation is a Michigan-based bank holding company with total assets of approximately $5.3 billion [4] - The company operates a branch network across Michigan's Lower Peninsula and offers a full range of financial services, including commercial banking, mortgage lending, investments, insurance, and title services [4] - Independent Bank Corporation emphasizes exceptional personal service and value to its customers, stockholders, and communities [4]

Investors might want to bet on Independent Bank (IBCP) , as it has been recently upgraded to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.The pow ...

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED March 31, 2025 Commission file number 0-7818 INDEPENDENT BANK CORPORATION (Exact name of registrant as specified in its charter) Michigan 38-2032782 (State or jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification Number) 4200 East Beltline, Grand Rapids, Michigan 49525 (Address of principal executiv ...

Independent Bank Corporation (NASDAQ:IBCP) Q1 2025 Earnings Conference Call April 24, 2025 11:00 AM ET Company Participants Brad Kessel - President & Chief Executive Officer Joel Rahn - Executive President, Commercial Banking Gavin Mohr - Executive Vice President & Chief Financial Officer Conference Call Participants Brendan Nosal - Hovde Group Peter Winter - D.A. Davidson Damon DelMonte - KBW Nathan Race - Piper Sandler Operator Hello everyone and welcome to the Independent Bank Corporation Reports 2025 Fi ...

Earnings Call: First Quarter 2025 April 24, 2025 (NASDAQ: IBCP) Cautionary note regarding forward-looking statements This presentation contains forward-looking statements, which are any statements or information that are not historical facts. These forward-looking statements include statements about our anticipated future revenue and expenses and our future plans and prospects. Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ mat ...

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. View all Key Company Metrics for Independent Bank here>>> Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price per ...

Independent Bank (IBCP) Q1 2025 Earnings Call April 24, 2025 11:00 AM ET Company Participants William Kessel - President & CEOJoel Rahn - Executive Vice President and Head of Commercial BankingGavin Mohr - EVP & CFOBrendan Nosal - DirectorDamon Delmonte - Managing Director Conference Call Participants Peter Winter - Managing Director - Senior Research AnalystNathan Race - Managing Director & Senior Research Analyst Operator Hello, everyone, and welcome to the Independent Bank Corporation Reports twenty twen ...

Independent Bank (IBCP) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.71%. A quarter ago, it was expected that this bank holding company would post earnings of $0.76 per share when it actually produced earnings of $0.87, delivering a surprise of 14.47%.Over the last four quarters, ...

Exhibit 99.1 NEWS RELEASE Independent Bank Corporation 4200 East Beltline Grand Rapids, MI 49525 616.527.5820 For Release: Immediately Contact: William B. Kessel, President and CEO, 616.447.3933 Gavin A. Mohr, Chief Financial Officer, 616.447.3929 INDEPENDENT BANK CORPORATION REPORTS 2025 FIRST QUARTER RESULTS First Quarter Highlights Highlights for the first quarter of 2025 include: GRAND RAPIDS, Mich., April 24, 2025 - Independent Bank Corporation (NASDAQ: IBCP) reported first quarter 2025 net income of $ ...

Core Points - Independent Bank Corporation reported a net income of $15.6 million, or $0.74 per diluted share, for the first quarter of 2025, a slight decrease from $16.0 million, or $0.76 per diluted share, in the same period last year [1][2] - The company experienced a 3.4% annualized increase in overall loans and a 0.8% annualized increase in core deposits [2] - Net interest income rose to $43.7 million, an increase of $3.5 million, or 8.7%, from the previous year [3] - Non-interest income decreased to $10.4 million from $12.6 million in the prior year, primarily due to variances in mortgage banking revenues [4] - The company maintained strong credit metrics, with non-performing assets at 0.14% of total assets and a low level of watch credits [10][11] Financial Performance - The net interest margin improved to 3.49% in Q1 2025 from 3.30% in Q1 2024 [3] - Average interest-earning assets increased to $5.08 billion, compared to $4.91 billion in the prior year [3] - The provision for credit losses was $0.72 million, slightly down from $0.74 million in the previous year [11] - Total non-interest expenses rose to $34.3 million from $32.2 million in the prior year [8] Asset Quality - Total non-performing loans increased to $7.086 million, with a ratio of non-performing loans to total portfolio loans at 0.17% [10] - The allowance for credit losses was 1.47% of total loans, consistent with the previous quarter [11] Balance Sheet and Capital - Total assets were $5.33 billion, a decrease of $9.7 million from the previous quarter [12] - Total shareholders' equity increased to $467.3 million, or 8.77% of total assets, compared to $454.7 million, or 8.52%, at the end of the previous quarter [14] - The tangible common equity ratio improved to 8.26% from 8.00% at the end of the previous quarter [33] Shareholder Returns - The company declared a cash dividend of $0.26 per share on February 14, 2025 [6] - A share repurchase plan was authorized to buy back up to 1,100,000 shares, with 1,093 shares repurchased in Q1 2025 [16]