Independent Bank (IBCP) Tops Q3 EPS by 21c

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Go back to Independent Bank (IBCP) Tops Q3 EPS by 21c

Independent Bank Corporation Reports 2022 Third Quarter Results

October 25, 2022 8:00 AM EDT

GRAND RAPIDS, Mich., Oct. 25, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP) reported third quarter 2022 net income of $17.3 million, or $0.81 per diluted share, versus net income of $16.0 million, or $0.73 per diluted share, in the prior-year period. For the nine months ended September 30, 2022, the Company reported net income of $48.3 million, or $2.27 per diluted share, compared to net income of $50.4 million, or $2.30 per diluted share, in the prior-year period.

William B. (Brad) Kessel, the President and Chief Executive Officer of Independent Bank Corporation, commented: Our successful expansion into new markets and... More