Independent Bank (IBCP) Tops Q1 EPS by 4c
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Independent Bank Corporation Reports 2015 Second Quarter Results
July 27, 2015 8:01 AM EDTGRAND RAPIDS, Mich., July 27, 2015 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported second quarter 2015 net income of $5.6 million, or $0.24 per diluted share, versus net income of $6.1 million, or $0.26 per diluted share, in the prior-year period. For the six months ended June 30, 2015, the Company reported net income of $9.4 million, or $0.40 per diluted share, compared to net income of $9.2 million, or $0.39 per diluted share, in the prior-year period.
Second quarter 2015 highlights include:
A $0.3 million, or 4.4%, year-over-year increase in pre-tax income. A $1.0 million, or 4.3%, year-over-year decrease in total non-interest expenses. Total net loan... More