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GRAND RAPIDS, Mich. - Independent Bank Corporation (NASDAQ:IBCP) announced Tuesday that its Board of Directors has declared a quarterly cash dividend of 26 cents per share on its common stock.
The dividend will be payable on November 14, 2025, to shareholders of record as of November 4, 2025, according to a company press release.
Independent Bank Corporation, which serves as the holding company for Independent Bank, currently manages approximately $5.4 billion in total assets. The Michigan-based financial institution operates a branch network across Michigan’s Lower Peninsula through its state-chartered bank subsidiary. The bank maintains strong financial health with a P/E ratio of 10.5x and has demonstrated profitability with a return on equity of 14%.
Founded in 1864 as First National Bank of Ionia, Independent Bank provides commercial banking, mortgage lending, investments, and insurance services throughout its service area.
The company’s stock trades on the Nasdaq stock exchange under the ticker symbol IBCP.
In other recent news, Independent Bank Corporation reported mixed financial results for the second quarter of 2025. The company exceeded earnings per share expectations, which is a positive indicator for investors. However, Independent Bank fell short of revenue forecasts, raising some concerns among stakeholders. In a separate development, the company announced the passing of board member Michael M. Magee, Jr. Magee, who had been with Independent Bank for 38 years, served in various leadership roles, including chairman of the board from 2013 to 2024. His contributions to the company were significant, having also held positions as chief executive officer and executive vice president. These recent developments highlight both financial and leadership changes at Independent Bank Corporation.
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