Independent Bank (IBCP) Tops Q4 EPS by 1c
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Independent Bank Corporation Reports 2015 First Quarter Results
April 20, 2015 8:00 AM EDTGRAND RAPIDS, Mich., Apr. 20, 2015 /PRNewswire/ --Â 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