Independent Bank Corporation Reports 2024 Second Quarter Results
Independent Bank Corporation (IBCP)
Last independent bank corporation earnings: 4/30 07:59 am
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US:NASDAQ Investor Relations:
snl.com/irweblinkx/corporateprofile.aspx?iid=100319
Company Research
Source: GlobeNewswire
Second Quarter Highlights Highlights for the second quarter of 2024 include: Increases in net income and diluted earnings per share of 25.3% and 25.7%, respectively, over second quarter of 2023;An increase in tangible book value per share of $2.71 (16.5%) over the second quarter of 2023;Net growth in core deposits of $53.3 million (or 4.8% annualized) from March 31, 2024;Net growth in loans of $11.9 million (or 1.2% annualized) from March 31, 2024; andThe payment of a 24 cent per share dividend on common stock on May 13, 2024. GRAND RAPIDS, Mich., July 25, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported second quarter 2024 net income of $18.5 million, or $0.88 per diluted share, versus net income of $14.8 million, or $0.70 per diluted share, in the prior-year period. William B. (“Brad”) Kessel, the President and Chief Executive Officer of Independent Bank Corporation, commented: “I am proud of our team and very pleased with our second quarte
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IBCP
News
- Independent Bank Corporation Announces Date for Its Third Quarter 2024 Earnings ReleaseGlobeNewswire
- Independent Bank Co. (NASDAQ: IBCP) had its "market perform" rating re-affirmed by analysts at Keefe, Bruyette & Woods. They now have a $31.00 price target on the stock, up previously from $26.00.MarketBeat
- Independent Bank Co. (NASDAQ: IBCP) had its price target raised by analysts at Piper Sandler from $27.00 to $37.50. They now have a "neutral" rating on the stock.MarketBeat
- Independent Bank Corporation Announces Quarterly Cash Dividend on Common StockGlobeNewswire
IBCP
Earnings
- 7/25/24 - Beat
IBCP
Analyst Actions
- 7/29/24 - Keefe, Bruyette & Woods
IBCP
Sec Filings
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- 10/1/24 - Form 4
- IBCP's page on the SEC website