Independent Bank (IBCP) Tops Q4 EPS by 1c

FREE Breaking News Alerts from StreetInsider.com!

E-mail Address

StreetInsider.com Top Tickers, 10/30/2026

1. NOW
2. MSFT
3. GOOGL
4. FTNT
5. EBAY
6. TENB
7. BIIB
8. CMG
9. KLAC
10. CART

Go back to Independent Bank (IBCP) Tops Q4 EPS by 1c

Independent Bank Corporation Reports 2015 First Quarter Results

April 20, 2015 8:00 AM EDT

GRAND RAPIDS, Mich., Apr. 20, 2015 /PRNewswire/ -- Independent Bank Corporation (NASDAQ: IBCP) reported first quarter 2015 net income of $3.8 million, or $0.16 per diluted share, versus net income of $3.1 million, or $0.13 per diluted share, in the prior-year period.

2015 highlights include:

Net income increased $0.6 million, or 20.5%, over 2014; A sequential quarterly increase in net interest income; Strong mortgage-banking activity with quarterly year-over-year gains on mortgage loans up $1.0 million, or 87.0%; First quarter net growth in commercial loans of $19.4 million, or 11.4% annualized; Continued improvement in asset quality... More