Wednesday, April 25, 2012 3:11:23 PM
Things are looking up in a big way. Tiny float and a significant short position...fun to come.
:)
Independent Bank Corporation Reports 2012 First Quarter Results
Newswire
Independent Bank Corporation (NASDAQ: IBCP) reported first quarter 2012 net income applicable to common stock of $2.4 million, or $0.07 per diluted share, versus a net loss applicable to common stock of $8.4 million, or $1.06 per share, in the prior-year period.
The first quarter of 2012 was highlighted by:
A return to profitability and significant improvement in operating results due primarily to declines in the provision for loan losses and in non-interest expenses and an increase in non-interest income that were partially offset by a decline in net interest income.
Additional improvement in asset quality with non-performing assets down 12% since the end of 2011.
A 52% decline in the provision for loan losses.
Strong mortgage-banking results with a 99% increase in net gains on mortgage loans.
Additional growth in core deposits which increased 5% since the end of 2011.
Regulatory capital ratios that increased and remain above minimum requirements for "well-capitalized" institutions.
Recent IBCP News
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/13/2024 02:59:28 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/12/2024 08:50:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/03/2024 08:35:25 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 09/03/2024 07:46:16 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/05/2024 05:51:22 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/05/2024 02:41:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/02/2024 08:52:24 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/25/2024 12:12:39 PM
- Independent Bank Corporation Reports 2024 Second Quarter Results • GlobeNewswire Inc. • 07/25/2024 11:59:10 AM
- Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock • GlobeNewswire Inc. • 07/23/2024 02:29:34 PM
- Independent Bank Corporation Announces Date for Its Second Quarter 2024 Earnings Release • GlobeNewswire Inc. • 06/28/2024 04:26:18 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/14/2024 08:05:01 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/14/2024 06:30:05 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 05/31/2024 06:18:16 PM
- Independent Bank Corporation Reports 2024 First Quarter Results • GlobeNewswire Inc. • 04/25/2024 11:59:56 AM
- Independent Bank Corporation Announces Appointment of Stephen L. Gulis, Jr. as Chairperson to Its Board of Directors • GlobeNewswire Inc. • 04/23/2024 04:10:53 PM
- Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock • GlobeNewswire Inc. • 04/23/2024 01:54:31 PM
- Independent Bank Corporation Announces Date for Its First Quarter 2024 Earnings Release • GlobeNewswire Inc. • 04/02/2024 08:55:02 PM
- Form ARS - Annual Report to Security Holders • Edgar (US Regulatory) • 03/08/2024 08:42:32 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 03/08/2024 05:52:07 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 03/08/2024 05:51:14 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 03/08/2024 05:40:03 PM
- Form SC 13G - Statement of acquisition of beneficial ownership by individuals • Edgar (US Regulatory) • 02/13/2024 10:06:20 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 02/08/2024 09:55:43 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/08/2024 07:15:08 PM
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