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Independent Bank Corp (IBCP.OQ)

IBCP.OQ on NASDAQ Stock Exchange Global Select Market

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Latest Key Developments (Source: Significant Developments)

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

Independent Bank posts Q2 earnings of $0.30/share
Thursday, 28 Jul 2016 

Independent Bank Corp: Independent Bank Corporation reports 2016 second quarter results . Q2 earnings per share $0.30 . Q2 earnings per share view $0.25 -- Thomson Reuters I/B/E/S .Says company's net interest income totaled $19.6 million during Q2 of 2016, an increase of 5% from year-ago period.  Full Article

Independent Bank Corp announces cash dividend on its common stock and expanded share repurchase plan
Tuesday, 26 Apr 2016 

Independent Bank Corp:Declared a quarterly cash dividend on its common stock of eight cents per share.Payable on May 16, 2016 to shareholders of record on May 6, 2016.Board of Directors authorized a $5 million expansion of its 2016 share repurchase plan.repurchase plan is authorized to last through Dec. 31, 2016.  Full Article

Independent Bank Corp announces cash dividend on common stock
Friday, 22 Jan 2016 

Independent Bank Corp:Declared a quarterly cash dividend on its common stock of eight cents per share.Dividend is payable on Feb. 16, 2016 to shareholders of record on Feb. 5, 2016.  Full Article