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Independent Bank Corp (IBCP.OQ)

IBCP.OQ on NASDAQ Stock Exchange Global Select Market

25.05USD
17 Aug 2018
Change (% chg)

$0.05 (+0.20%)
Prev Close
$25.00
Open
$24.95
Day's High
$25.10
Day's Low
$24.95
Volume
29,820
Avg. Vol
35,016
52-wk High
$26.70
52-wk Low
$19.25

Latest Key Developments (Source: Significant Developments)

Independent Bank Reports Q2 Earnings Per Share Of $0.36
Thursday, 26 Jul 2018 

July 26 (Reuters) - Independent Bank Corp ::ORATION REPORTS 2018 SECOND QUARTER RESULTS.Q2 EARNINGS PER SHARE $0.36.Q2 EARNINGS PER SHARE VIEW $0.40 -- THOMSON REUTERS I/B/E/S.NET INTEREST INCOME TOTALED $29.0 MILLION DURING Q2 OF 2018, AN INCREASE OF $7.5 MILLION.  Full Article

Independent Bank Announces Regulatory Approvals To Acquire Traverse City State Bank
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Independent Bank Corp ::INDEPENDENT BANK CORPORATION ANNOUNCES REGULATORY APPROVALS TO ACQUIRE TRAVERSE CITY STATE BANK.INDEPENDENT BANK - ‍MEETING OF TCSB SHAREHOLDERS HAS BEEN SCHEDULED FOR MARCH 14 TO CONSIDER, VOTE UPON PROPOSAL TO APPROVE MERGER BETWEEN IBCP, TCSB​.INDEPENDENT BANK CORP - ‍MERGER OF CO AND TCSB BANCORP IS CURRENTLY EXPECTED TO BE EFFECTIVE ON APR. 1, 2018​.  Full Article

Independent Bank Corp Announces 25% Increase In Quarterly Cash Dividend
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Independent Bank Corp ::ORATION ANNOUNCES A 25% INCREASE IN ITS QUARTERLY CASH DIVIDEND ON COMMON STOCK.SETS QUARTERLY CASH DIVIDEND OF $0.15PER SHARE.  Full Article

Independent Bank Corp Says Qtrly Earnings Per Share $0.80
Friday, 19 Jan 2018 

Jan 18 (Reuters) - Independent Bank Corp ::INDEPENDENT BANK CORP SAYS QTRLY EARNINGS PER SHARE $0.80 - SEC FILING.INDEPENDENT BANK CORP -QTRLY NET INTEREST INCOME INCREASED 1.1% TO $67.8 MILLION COMPARED TO $67.1 MILLION IN PRIOR QUARTER.INDEPENDENT BANK CORP - AS A RESULT OF REDUCTION IN CORPORATE FEDERAL TAX RATE INCLUDED IN TAX ACT, EXPECTS OVERALL TAX RATE FOR 2018 OF ABOUT 23%.  Full Article

Independent Bank Says Deferred Tax Assets To Be Revalued​ Caused By Tax Cuts And Jobs Act
Thursday, 28 Dec 2017 

Dec 27 (Reuters) - Independent Bank Corp ::INDEPENDENT BANK CORP - ‍CONCLUDED THAT TAX CUTS AND JOBS ACT WILL CAUSE COMPANY'S DEFERRED TAX ASSETS TO BE REVALUED​.INDEPENDENT BANK CORP SAYS ‍ESTIMATED THAT VALUE OF DEFERRED TAX ASSET DUE TO TAX CUTS AND JOBS ACT WILL BE REDUCED BY ABOUT $6 MILLION​ - SEC FILING.INDEPENDENT BANK CORP - ‍ESTIMATED Q4 EARNINGS IMPACT WOULD BE LOSS OF ABOUT $0.28 PER DILUTED SHARE​.  Full Article

Independent Bank Corp To Acquire Traverse City State Bank For About $63.24 Mln
Tuesday, 5 Dec 2017 

Dec 4 (Reuters) - Independent Bank Corp ::INDEPENDENT BANK CORPORATION ANNOUNCES AGREEMENT TO ACQUIRE TRAVERSE CITY STATE BANK.INDEPENDENT BANK CORP - TRANSACTION IS VALUED AT APPROXIMATELY $63.24 MILLION.INDEPENDENT BANK CORP - TERMS OF MERGER AGREEMENT HAS BEEN UNANIMOUSLY APPROVED BY BOARD OF DIRECTORS OF EACH COMPANY.INDEPENDENT BANK - TCSB SHAREHOLDERS TO GET 1.1166 SHARES OF IBCP STOCK FOR EACH SHARE OF TCSB STOCK OR 2.71 MILLION SHARES OF IBCP COMMON STOCK.INDEPENDENT BANK - DEAL IS EXPECTED TO BE ABOUT 3.8% AND 6.7% ACCRETIVE TO FIRST-YEAR AND SECOND-YEAR FULLY DILUTED EARNINGS PER SHARE, RESPECTIVELY.INDEPENDENT BANK CORP - ONE MEMBER OF TCSB BOARD OF DIRECTORS WILL JOIN IBCP'S BOARD UPON COMPLETION OF TRANSACTION.INDEPENDENT BANK CORP - TANGIBLE BOOK VALUE PER SHARE DILUTION WILL BE APPROXIMATELY 2.8% AT DEAL CLOSING.INDEPENDENT - ‍AFTER CLOSING, CO INTENDS TO CONSOLIDATE TRAVERSE CITY STATE BANK WITH & INTO INDEPENDENT BANK, OPERATE UNDER INDEPENDENT BANK NAME.  Full Article

Independent Bank Corp Q3 net interest income rises 14.6 pct
Thursday, 26 Oct 2017 

Oct 26 (Reuters) - Independent Bank Corp :Independent bank corporation reports 2017 third quarter results.Q3 earnings per share $0.32.Q3 earnings per share view $0.33 -- Thomson Reuters I/B/E/S.Independent Bank Corp - qtrly ‍net interest income totaled $22.9 million, an increase of $2.9 million, or 14.6%, from comparable year-ago period​.  Full Article

Independent Bank increases qtrly dividend to $0.12 per share
Tuesday, 24 Oct 2017 

Oct 24 (Reuters) - Independent Bank Corp ::Independent Bank Corporation announces a 20% increase in its quarterly cash dividend on common stock.Says ‍Board of Directors declared a quarterly cash dividend on its common stock of 12 cents per share​.  Full Article

Independent Bank raises quarterly dividend 25 pct to $0.10/share
Tuesday, 25 Oct 2016 

Independent Bank Corp : Independent Bank Corporation announces a 25 percent increase in its quarterly cash dividend on common stock .Sets quarterly cash dividend of $0.10 per share.  Full Article