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Independent Bank Corporation Announces 7.7% Increase in Quarterly Cash Dividend on Common Stock

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GRAND RAPIDS, Mich., Jan. 16, 2026 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), ...

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AI Summary

IBCP declared a quarterly cash dividend of $0.28 per share. The dividend marks a 7.7% increase, reflecting strong performance. This is the thirteenth consecutive annual increase in dividends. IBCP maintains a robust capital position and optimistic outlook. The company's total assets are approximately $5.5 billion.

Sentiment Rationale

The dividend increase and consistent payments suggest financial health, potentially attracting investors. Historically, consistent dividend increases have supported stock price appreciation.

Trading Thesis

The immediate impact from the dividend announcement is likely to boost short-term investor sentiment and stock demand.

Market-Moving

  • IBCP declared a quarterly cash dividend of $0.28 per share.
  • The dividend marks a 7.7% increase, reflecting strong performance.
  • This is the thirteenth consecutive annual increase in dividends.

Key Facts

  • IBCP declared a quarterly cash dividend of $0.28 per share.
  • The dividend marks a 7.7% increase, reflecting strong performance.
  • This is the thirteenth consecutive annual increase in dividends.
  • IBCP maintains a robust capital position and optimistic outlook.
  • The company's total assets are approximately $5.5 billion.

Companies Mentioned

  • CFR (CFR)
  • FBC (FBC)
  • ZION (ZION)

Corporate Developments

The dividend increase is a strong positive signal about IBCP's financial stability and growth potential, likely influencing investor decisions.

Independent Bank Corporation Increases Quarterly Dividend by 7.7%

Grand Rapids, Mich., January 16, 2026 (GLOBE NEWSWIRE) — Independent Bank Corporation (NASDAQ: IBCP), a prominent community bank in Michigan, has declared a quarterly cash dividend of $0.28 per share on its common stock. This decision, made by the company’s Board of Directors, is set to benefit shareholders who are on record by February 3, 2026, and will be paid out on February 13, 2026.

Dividends Reflect Strong Performance

William B. (“Brad”) Kessel, President and CEO of Independent Bank Corporation, expressed his satisfaction regarding the dividend increase, stating: “I am pleased that our Board of Directors has approved a 7.7% increase in our quarterly dividend. This marks the thirteenth consecutive annual increase in our dividend payment.” He added, “The Board's decision is a testament to our consistent long-term performance, robust capital position, and optimistic outlook for the future.”

Key Details of the Dividend Announcement

  • Quarterly Cash Dividend: $0.28 per share
  • Dividend Increase: 7.7%
  • Payment Date: February 13, 2026
  • Record Date: February 3, 2026

About Independent Bank Corporation

Independent Bank Corporation (NASDAQ: IBCP) operates with total assets of approximately $5.5 billion. The company was established in 1864 as First National Bank of Ionia and now serves Michigan’s Lower Peninsula through a branch network. Its subsidiary, Independent Bank, offers a comprehensive range of financial services, including:

  • Commercial banking
  • Mortgage lending
  • Investments
  • Insurance services

The bank is dedicated to delivering exceptional personal service and value to its customers, shareholders, and the communities it serves.

Contact Information

For further inquiries, please contact:

  • William B. Kessel, President and CEO: 616.447.3933
  • Gavin A. Mohr, Chief Financial Officer: 616.447.3929

For more information, visit IndependentBank.com.

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