Independent Bank Corporation Reports 2018 First 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
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Source: GlobeNewswire
GRAND RAPIDS, Mich., April 23, 2018 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ:IBCP) reported first quarter 2018 net income of $9.2 million, or $0.42 per diluted share, versus net income of $6.0 million, or $0.28 per diluted share, in the prior-year period. The first quarter of 2018, included a $1.5 million fair value increase due to price for capitalized mortgage loan servicing rights, $0.2 million in net securities losses and $0.2 million of merger related expenses. Collectively, these items increased net income by $0.9 million, or $0.04 per diluted share. Additionally, the reduction in the federal corporate income tax rate to 21% (that was effective Jan. 1, 2018) increased net income by approximately $0.07 per diluted share compared to the year ago period. First quarter 2018 highlights include: Net income and diluted earnings per share increases of 53.3% and 50.0%, respectively, over 2017;Year-over-year and sequential quarterly increases in net interest income
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IBCP
News
- Independent Bank Corporation Announces Appointment of Stephen L. Gulis, Jr. as Chairperson to Its Board of DirectorsGlobeNewswire
- Independent Bank Corporation Announces Quarterly Cash Dividend on Common StockGlobeNewswire
- Independent Bank Corporation Announces Date for Its First Quarter 2024 Earnings ReleaseGlobeNewswire
- Independent Bank Co. (NASDAQ: IBCP) is now covered by analysts at Hovde Group. They set a "market perform" rating on the stock.MarketBeat
IBCP
Earnings
- 1/25/24 - Miss
IBCP
Sec Filings
- 4/24/24 - Form 8-K
- 4/23/24 - Form 8-K
- 4/2/24 - Form 4
- IBCP's page on the SEC website