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Independent Bank Q3 2024 Earnings Report

Independent Bank logo
$30.86 -0.68 (-2.16%)
As of 04:00 PM Eastern

Independent Bank EPS Results

Actual EPS
$0.65
Consensus EPS
$0.76
Beat/Miss
Missed by -$0.11
One Year Ago EPS
$0.83

Independent Bank Revenue Results

Actual Revenue
$77.84 million
Expected Revenue
$55.05 million
Beat/Miss
Beat by +$22.79 million
YoY Revenue Growth
N/A

Independent Bank Announcement Details

Quarter
Q3 2024
Time
Before Market Opens
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Independent Bank Earnings Headlines

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Independent Bank: A Solid Bank But Not Cheap Enough
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About Independent Bank

Independent Bank (NASDAQ:IBCP) operates as the bank holding company for Independent Bank that provides commercial banking services to individuals and businesses in rural and suburban communities in Michigan. It offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. The company also provides title insurance services and investment services, as well as automatic teller machines, and internet and mobile banking services. In addition, it operates through branches, drive-thru facilities, and loan production offices. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.

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