Independent Bank Earnings Reports

Independent Bank Corporation reported a net income of $16.9 million, or $0.81 per diluted share, for the second quarter of 2025. The company saw an increase in net interest income and net interest margin, alongside growth in loans. Despite market uncertainties, credit metrics remained strong with low non-performing assets. The company also rolled out new technologies and continued to recruit talented bankers.

Independent Bank Corporation reported a net income of $15.6 million for the first quarter of 2025, with diluted EPS of $0.74. The company saw an increase in net interest income and maintained strong capital and asset quality metrics.

Independent Bank Corporation reported a strong fourth quarter in 2024, with net income reaching $18.5 million, or $0.87 per diluted share. The company saw growth in net interest income, a healthy net interest margin, and significant loan portfolio expansion, particularly in commercial loans. Credit metrics remained strong, and the Board of Directors approved an increase in the quarterly dividend.

Independent Bank Corporation reported a net income of $13.8 million for the third quarter of 2024, a decrease compared to the $17.5 million in the prior-year period. However, the company saw increases in net interest income, tangible book value per share, core deposits, and loans.

Independent Bank Corporation reported a strong second quarter in 2024, with net income increasing to $18.5 million, or $0.88 per diluted share, compared to $14.8 million, or $0.70 per diluted share, in the same period last year. The company saw growth in both loans and core deposits, along with net interest margin expansion and well-managed expenses.

Independent Bank Corporation reported a strong first quarter in 2024, with net income reaching $16.0 million, or $0.76 per diluted share, marking a significant increase compared to the previous year. The bank experienced growth in both loans and core deposits, alongside net interest margin expansion and well-managed expenses, contributing to positive growth trends.

Independent Bank Corporation reported a net income of $13.7 million for Q4 2023, a decrease from $15.1 million in the prior-year period. The results were impacted by changes in the fair value of capitalized mortgage servicing rights. However, the company saw an increase in net interest income and loan growth.

Independent Bank Corporation reported a net income of $17.5 million, or $0.83 per diluted share, for the third quarter of 2023, compared to $17.3 million, or $0.81 per diluted share, in the prior-year period. The company experienced growth in net interest income, core deposits, and loans.

Independent Bank Corporation reported a strong second quarter in 2023, with net income increasing to $14.8 million, or $0.70 per diluted share, compared to $13.0 million, or $0.61 per diluted share, in the prior-year period. The company saw growth in net interest income, loans, and book value per share, indicating healthy economic conditions and attractive lending opportunities.

Independent Bank Corporation reported a net income of $13.0 million for the first quarter of 2023, equivalent to $0.61 per diluted share. The bank experienced deposit growth of $93.1 million and loan growth of $44.5 million. Net interest income increased by 16.5% compared to the first quarter of 2022.

Independent Bank Corporation reported a strong fourth quarter in 2022, with net income increasing by 20.6% to $15.1 million, or $0.71 per diluted share, compared to the prior-year period. The company's performance was driven by strong commercial loan growth and higher net interest income, which offset a decline in mortgage banking revenue.

Independent Bank Corporation reported a strong third quarter in 2022, marked by an increase in net income and diluted earnings per share compared to the previous year. The company saw substantial growth in net interest income, driven by an expansion of the net interest margin and an increase in average interest-earning assets. Additionally, asset quality remained high, with low levels of past due loans and non-performing assets.

Independent Bank Corporation reported a positive second quarter in 2022, marked by an increase in net income to $13.0 million, or $0.61 per diluted share, compared to $12.4 million, or $0.56 per diluted share, in the prior-year period. The company saw growth in net interest income, portfolio loans, and total deposits, alongside maintaining strong asset quality metrics.

Independent Bank Corporation reported a net income of $18.0 million, or $0.84 per diluted share, for the first quarter of 2022. This is a decrease compared to the first quarter of 2021, when net income was $22.0 million, or $1.00 per diluted share.

Independent Bank Corporation reported a decrease in net income for the fourth quarter of 2021, with $12.5 million, or $0.58 per diluted share, compared to $17.0 million, or $0.77 per diluted share, in the prior-year period. However, full year net income increased to $62.9 million, or $2.88 per diluted share, compared to $56.2 million, or $2.53 per diluted share, in 2020.

Independent Bank Corporation reported a net income of $16.0 million for Q3 2021, a decrease from $19.6 million in the same period last year. However, the company saw a 5.7% increase in net interest income and net growth in portfolio loans of $69.4 million.

Independent Bank Corporation reported a solid financial performance for Q2 2021, with net income of $12.4 million, or $0.56 per diluted share. The company saw an increase in net interest income and strong mortgage loan origination activity. Asset quality metrics were exceptional, with a decline in non-performing assets to total assets.

Independent Bank Corporation reported a strong first quarter in 2021, with net income significantly increased compared to the previous year. The increase was primarily due to rises in net interest income and non-interest income, coupled with a decrease in the provision for credit losses, which was partially offset by increased non-interest expenses.

Independent Bank Corporation reported a strong financial performance in Q4 2020, with net income reaching $17.0 million, or $0.77 per diluted share, compared to $13.9 million, or $0.61 per diluted share, in the same period of the previous year. The increase in earnings was primarily driven by growth in non-interest income, which was partially offset by a decrease in interest income and an increase in non-interest expense and income tax expense.

Independent Bank Corporation reported a strong financial performance in Q3 2020, with net income increasing to $19.6 million, or $0.89 per diluted share, compared to $12.4 million, or $0.55 per diluted share, in the prior-year period. The increase in earnings was primarily driven by increases in net interest income and non-interest income, partially offset by increases in the provision for loan losses, non-interest expense, and income tax expense.

Independent Bank Corporation reported a strong financial performance in Q2 2020, with net income of $14.8 million, or $0.67 per diluted share, compared to $10.7 million, or $0.46 per diluted share, in Q2 2019. The results were driven by increases in non-interest income, particularly net gains on mortgage loans, which offset a decline in net interest income and increases in provision for loan losses, non-interest expense, and income tax expense.

Independent Bank Corporation reported a net income of $4.8 million, or $0.21 per diluted share, for the first quarter of 2020. The results were impacted by a $6.7 million provision for loan losses due to COVID-19 and a negative $5.9 million change in the fair value of mortgage loan servicing rights.

Independent Bank Corporation reported a strong fourth quarter and full year 2019, with net income for Q4 2019 reaching $13.9 million, or $0.61 per diluted share, compared to $9.9 million, or $0.41 per diluted share, in the prior-year period. The company's performance was driven by increased non-interest income and a decrease in the provision for loan losses, offsetting increases in non-interest expense and income tax expense. The company recently announced an eleven percent increase in their quarterly common stock cash dividend to 20 cents per share, to be paid on Feb. 14, 2020.