Independent Bank (IBCP) Raises Quarterly Dividend 33.3% to $0.08; 2.1% Yield

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Go back to Independent Bank (IBCP) Raises Quarterly Dividend 33.3% to $0.08; 2.1% Yield

Independent Bank Corporation Announces a 33% Increase in Its Quarterly Cash Dividend on Common Stock

October 29, 2015 7:02 AM EDT

GRAND RAPIDS, Mich., Oct. 29, 2015 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that on Oct. 27, 2015 its Board of Directors declared a quarterly cash dividend on its common stock of eight cents per share.  This dividend is payable on Nov. 16, 2015 to shareholders of record on Nov. 9, 2015.

William B. (Brad) Kessel, the President and Chief Executive Officer of Independent Bank Corporation, commented:  We are pleased to announce a 33% increase in our quarterly cash dividend to eight cents per share from... More

Independent Bank Corporation Reports 2015 Third Quarter Results

October 29, 2015 7:01 AM EDT

GRAND RAPIDS, Mich., Oct. 29, 2015 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported third quarter 2015 net income of $5.0 million, or $0.22 per diluted share, versus net income of $4.9 million, or $0.21 per diluted share, in the prior-year period.  For the nine months ended Sept. 30, 2015, the Company reported net income of $14.4 million, or $0.62 per diluted share, compared to net income of $14.1 million, or $0.60 per diluted share, in the prior-year period.  

Third quarter 2015 highlights include: 

A $0.7 million, or 3.6%, year-over-year increase in net interest income.A 4.8% year-over-year increase in... More