Independent Bank (IBCP) Tops Q2 EPS by 6c

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Independent Bank Corporation Reports 2022 Second Quarter Results

July 26, 2022 7:59 AM EDT

GRAND RAPIDS, Mich., July 26, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported second quarter 2022 net income of $13.0 million, or $0.61 per diluted share, versus net income of $12.4 million, or $0.56 per diluted share, in the prior- year period. For the six months ended June 30, 2022, the Company reported net income of $31.0 million, or $1.45 per diluted share, compared to net income of $34.4 million, or $1.56 per diluted share, in the prior-year period.

William B. (Brad) Kessel, the President and Chief Executive Officer of Independent Bank Corporation, commented: I am pleased with our second quarter 2022 performance in... More