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Stock impact report

Independent Bank Corporation Reports 2025 First Quarter Results

Independent Bank Corporation (IBCP) 
Last independent bank corporation earnings: 4/30 07:59 am Check Earnings Report
Company Research Source: GlobeNewswire
First Quarter Highlights Highlights for the first quarter of 2025 include: Increase in net interest income of $0.8 million (or 1.9% ) over the fourth quarter of 2024;Increase in tangible book value per share of $2.43 (13.2%) from March 31, 2024;Net growth in core deposits of $9.1 million (or 0.8% annualized) from December 31, 2024;Net growth in loans of $33.9 million (or 3.4% annualized) from December 31, 2024; andThe payment of a 26 cent per share dividend on common stock on February 14, 2025. GRAND RAPIDS, Mich., April 24, 2025 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported first quarter 2025 net income of $15.6 million, or $0.74 per diluted share, versus net income of $16.0 million, or $0.76 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 to see us continue our positive trends with our first quarter 2 Show less Read more
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