Date | Price Target | Rating | Analyst |
---|---|---|---|
3/4/2024 | Market Perform | Hovde Group | |
12/13/2022 | $26.00 | Outperform → Mkt Perform | Keefe Bruyette |
Independent Bank (NASDAQ:IBCP) reported quarterly earnings of $0.88 per share which beat the analyst consensus estimate of $0.70 by 25.71 percent. This is a 25.71 percent increase over earnings of $0.70 per share from the same period last year. The company reported quarterly sales of $41.35 million which beat the analyst consensus estimate of $41.10 million by 0.60 percent. This is a 7.81 percent increase over sales of $38.35 million the same period last year.
DA Davidson analyst Peter Winter maintains Independent Bank (NASDAQ:IBCP) with a Neutral and maintains $28 price target.
Independent Bank (NASDAQ:IBCP) reported quarterly earnings of $0.76 per share which beat the analyst consensus estimate of $0.64 by 18.75 percent. This is a 24.59 percent increase over earnings of $0.61 per share from the same period last year. The company reported quarterly sales of $40.197 million which missed the analyst consensus estimate of $40.279 million by 0.20 percent. This is a 4.57 percent increase over sales of $38.441 million the same period last year.
10-Q - INDEPENDENT BANK CORP /MI/ (0000039311) (Filer)
8-K - INDEPENDENT BANK CORP /MI/ (0000039311) (Filer)
10-Q - INDEPENDENT BANK CORP /MI/ (0000039311) (Filer)
SC 13G - INDEPENDENT BANK CORP /MI/ (0000039311) (Subject)
SC 13G/A - INDEPENDENT BANK CORP /MI/ (0000039311) (Subject)
SC 13G/A - INDEPENDENT BANK CORP /MI/ (0000039311) (Subject)
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. He retired in 2008 as the Executive Vice President and President of Wolverine Worldwide Global Operations Group. He served as Executive Vice President, CFO, and Treasu
4 - INDEPENDENT BANK CORP /MI/ (0000039311) (Issuer)
4 - INDEPENDENT BANK CORP /MI/ (0000039311) (Issuer)
4 - INDEPENDENT BANK CORP /MI/ (0000039311) (Issuer)
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,
GRAND RAPIDS, Mich., July 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 August 15, 2024 to shareholders of record on August 5, 2024. About Independent Bank Corporation Independent Bank Corporation (NASDAQ:IBCP) is a Michigan-based bank holding company with total assets of approximately $5.2 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan's Lower Peninsula throug
GRAND RAPIDS, Mich., June 28, 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 second quarter results on Thursday, July 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. Brad Kessel, President and CEO, Gavin Mohr, CFO and Joel Rahn, EVP Commercial Banking will review the quarterly results in a conference call for investors and analysts beginning at 11:00 am ET on Thursday, July 25, 2024. To participate in th
Hovde Group resumed coverage of Independent Bank with a rating of Market Perform
Keefe Bruyette downgraded Independent Bank from Outperform to Mkt Perform and set a new price target of $26.00
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,
GRAND RAPIDS, Mich., July 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 August 15, 2024 to shareholders of record on August 5, 2024. About Independent Bank Corporation Independent Bank Corporation (NASDAQ:IBCP) is a Michigan-based bank holding company with total assets of approximately $5.2 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan's Lower Peninsula throug
GRAND RAPIDS, Mich., June 28, 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 second quarter results on Thursday, July 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. Brad Kessel, President and CEO, Gavin Mohr, CFO and Joel Rahn, EVP Commercial Banking will review the quarterly results in a conference call for investors and analysts beginning at 11:00 am ET on Thursday, July 25, 2024. To participate in th