Independent Bank (IBCP) Misses Q4 EPS by 3c
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Independent Bank Corporation Reports 2022 Fourth Quarter Results
January 26, 2023 7:59 AM ESTFourth Quarter Highlights
Highlights for the fourth quarter of 2022 include:
Increases in net income and diluted earnings per share of 20.6% and 22.4%, respectively, over the fourth quarter of 2021;An increase in book value and tangible book value per share of $0.72 and $0.74, respectively;Net growth in commercial loans of $58.6 million (or 16.5% annualized);Annualized return on average assets and average equity of 1.21% and 17.94%, respectively;An increase in net interest income of 18.4% over the fourth quarter of 2021; andThe payment of a 22 cent per share dividend on common stock on November 14,... More