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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 Says Co, Unit Entered Into Merger Agreement With MNB Bancorp And Unit
Friday, 1 Jun 2018 

May 31 (Reuters) - Independent Bank Corp ::INDEPENDENT BANK SAYS ON MAY 29, CO, UNIT ENTERED INTO MERGER AGREEMENT WITH MNB BANCORP AND UNIT - SEC FILING.INDEPENDENT BANK- UNDER DEAL TERMS, EACH SHARE OF MNB BANCORP WILL CONVERT INTO RIGHT TO RECEIVE $275 IN CASH OR 3.55 SHARES OF CO'S COMMON STOCK.INDEPENDENT BANK- UPON TERMINATION OF DEAL UNDER CERTAIN CIRCUMSTANCES, MNB BANCORP WILL PAY CO A TERMINATION FEE OF $1.6 MILLION.  Full Article

Independent Bank Corporation Announces Shareholder Approval To Acquire Traverse City State Bank
Friday, 16 Mar 2018 

March 15 (Reuters) - Independent Bank Corp ::INDEPENDENT BANK CORPORATION ANNOUNCES SHAREHOLDER APPROVAL TO ACQUIRE TRAVERSE CITY STATE BANK.INDEPENDENT BANK CORP - ‍MERGER OF CO AND TCSB IS CURRENTLY EXPECTED TO BE EFFECTIVE ON APR. 1, 2018​.  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 Q2 earnings per share $0.27
Thursday, 27 Jul 2017 

July 27 (Reuters) - Independent Bank Corp :Independent bank corporation reports 2017 second quarter results.Q2 earnings per share $0.27.Q2 earnings per share view $0.29 -- Thomson Reuters I/B/E/S.Independent bank corp - company's net interest income totaled $21.5 million during q2 of 2017, an increase of $1.9 million.  Full Article

Independent Bank Corp posts Q1 earnings per share $0.28
Monday, 24 Apr 2017 

April 24 (Reuters) - Independent Bank Corp :Independent Bank Corporation reports 2017 first quarter results.Q1 earnings per share $0.28.Q1 earnings per share view $0.25 -- Thomson Reuters I/B/E/S.Net interest income totaled $21.5 million during Q1 of 2017, an increase of $1.7 million, or 8.6 pct, from year-ago period.  Full Article

Independent Bank Corp Q4 earnings per share $0.27
Thursday, 26 Jan 2017 

Independent Bank Corp : Independent bank corporation reports 2016 fourth quarter and full year results and 2017 share repurchase authorization . Q4 earnings per share $0.27 . Q4 earnings per share view $0.27 -- Thomson Reuters I/B/E/S . Company's net interest income totaled $20.3 million during Q4 of 2016, an increase of $0.9 million, or 4.6% from year-ago period . Independent Bank Corp - under terms of share repurchase plan, company is authorized to buy back up to 5% of its outstanding common stock. .Independent Bank Corp - repurchase plan is authorized to last through Dec. 31, 2017..  Full Article