INDEPENDENT | BANK Earnings Call: Third Quarter 2024 October 24, 2024 (NASDAQ: IBCP) Be Independer Cautionary note regarding forward-looking statements 2 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 cou ...

Independent Bank (IBCP) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.47%. A quarter ago, it was expected that this bank holding company would post earnings of $0.71 per share when it actually produced earnings of $0.88, delivering a surprise of 23.94%.Over the last four quarter ...

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 2024 THIRD QUARTER RESULTS Third Quarter Highlights Highlights for the third quarter of 2024 include: • Increases in net interest income of $0.5 million (or 4.9% annualized) from June 30, 2024; • An increase in tangible book va ...

Third Quarter Highlights Highlights for the third quarter of 2024 include: Increases in net interest income of $0.5 million (or 4.9% annualized) from June 30, 2024;An increase in tangible book value per share of $3.69 (22.3%) over the third quarter of 2023;Net growth in core deposits of $100.1 million (or 8.9% annualized) from June 30, 2024;Net growth in loans of $90.4 million (or 9.3% annualized) from June 30, 2024; andThe payment of a 24 cent per share dividend on common stock on August 15, 2024. GRAND RA ...

GRAND RAPIDS, Mich., Sept. 23, 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 third quarter results on Thursday, October 24, 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. Brad Kessel, President and CEO, Gavin Mohr, CFO and Joel ...

SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Title of each Class Trading Symbol Name of each exchange which registered Common stock, no par value IBCP The Nasdaq Stock Market, LLC FORM 10-Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED June 30, 2024 Commission file number 0-7818 INDEPENDENT BANK CORPORATION (Exact name of registrant as specified in its charter) (State or jurisdiction of Incorporation or Organization) (I.R. ...

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Silvercorp Metals Inc. (SVM) : This mining company has seen the Zacks Consensus Estimate for its current year earnings increasing 10.7% over the last 60 days. Independent Bank Corporation (IBCP) : This bank holding company for Independent Bank has seen the Zacks Consensus Estimate for its current year earnings increasing 6.1% over the last 60 days. TransMedics Group, Inc. (TMDX) : This medical technology company has seen the Zacks Cons ...

9 CET1 Ratio (%) Total RBC Ratio (%) 13.8 13.6 13.6 13.7 13.9 14.2 Q1'23 Q2'23 Q3'23 Q4'23 Q1'24 Q2'24 • Long-term capital Priorities: Capital retention to support organic growth, acquisitions and return of capital through strong and consistent dividends and share repurchases. Yields, NIM and Cost of Funds (%) Net Interest Margin/Income • Net interest income was $41.3 million in 2Q'24 compared to $38.4 million in the prior year quarter. An increase in average earning assets and the net interest margin compa ...

Independent Bank Corporation (NASDAQ:IBCP) Q2 2024 Earnings Conference Call July 25, 2024 11:00 AM ET Company Participants Brad Kessel - President & CEO Gavin Mohr - EVP & CFO Joel Rahn - EVP & Head, Commercial Banking Conference Call Participants Brendan Nosal - Hovde Group Matt Renck - KBW Nathan Race - Piper Sandler Operator Hello all, and welcome to Independent Bank Corporation Reports 2024 Second Quarter Results. My name is Ezra and I will be coordinating your call today. [Operator Instructions]. I wil ...

Independent Bank, which belongs to the Zacks Banks - Midwest industry, posted revenues of $56.52 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 5.64%. This compares to year-ago revenues of $53.77 million. The company has topped consensus revenue estimates three times over the last four quarters. There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include curren ...