Independent Bank Corporation will release its Q4 2024 results on January 23, 2025, followed by a conference call.
Quiver AI Summary
Independent Bank Corporation, the holding company for Independent Bank in Michigan, has announced that it will release its fourth quarter financial results for 2024 on January 23, 2025, at 8:00 am ET. The results will be available on their website in the Investor Relations section. Following the release, company executives will discuss the results in a conference call at 11:00 am ET, accessible via phone or a live audio webcast. A playback of the call will be available until January 30, 2025. Independent Bank, with about $5.3 billion in assets and a history dating back to 1864, offers various financial services across Michigan.
Potential Positives
- Independent Bank Corporation is set to release its fourth quarter results, indicating transparency and commitment to financial accountability to stakeholders.
- The scheduled conference call for investors and analysts demonstrates the company’s proactive communication strategy and dedication to engaging with shareholders.
- The release's timing allows stakeholders to prepare and engage with the results, reflecting the company’s consideration for its investor community.
- The company has a long-standing history since 1864, reinforcing its established presence and experience in the banking industry.
Potential Negatives
- The announcement of upcoming earnings results may indicate that the company is under scrutiny for its financial performance, especially if previous results were unsatisfactory.
- The press release does not include any significant positive highlights or achievements for the company, which could be perceived as a lack of progress or good news.
- The forward-looking nature of the earnings call suggests that the company may anticipate challenges or uncertainties in their upcoming performance, which could negatively impact investor confidence.
FAQ
When will Independent Bank Corporation announce its fourth quarter results?
Independent Bank Corporation will announce its fourth quarter results on January 23, 2025, at approximately 8:00 am ET.
How can I access the fourth quarter results?
The fourth quarter results will be available on IndependentBank.com in the “News” section of the “Investor Relations” area.
Who will participate in the conference call?
Brad Kessel, Gavin Mohr, and Joel Rahn will review the quarterly results during the conference call for investors and analysts.
What time is the conference call for the fourth quarter results?
The conference call is scheduled to start at 11:00 am ET on January 23, 2025.
How can I join the conference call?
To join the conference call, dial 1-833-470-1428 and use Access Code # 213949.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$IBCP Insider Trading Activity
$IBCP insiders have traded $IBCP stock on the open market 25 times in the past 6 months. Of those trades, 2 have been purchases and 23 have been sales.
Here’s a breakdown of recent trading of $IBCP stock by insiders over the last 6 months:
- PATRICK J ERVIN (Executive Vice President) purchased 275 shares.
- LARRY R JR DANIEL (Executive Vice President) sold 3,851 shares.
- GAVIN A. MOHR (Executive Vice President) purchased 800 shares.
- CHRISTINA KELLER has traded it 20 times. They made 0 purchases and 20 sales, selling 2,400 shares.
- STEFANIE M KIMBALL (Executive Vice President) has traded it 2 times. They made 0 purchases and 2 sales, selling 1,000 shares.
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$IBCP Hedge Fund Activity
We have seen 75 institutional investors add shares of $IBCP stock to their portfolio, and 68 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- FJ CAPITAL MANAGEMENT LLC removed 407,448 shares (-33.6%) from their portfolio in Q3 2024
- BOSTON PARTNERS added 242,794 shares (+589.5%) to their portfolio in Q3 2024
- PROSHARE ADVISORS LLC added 219,097 shares (+inf%) to their portfolio in Q3 2024
- NUVEEN ASSET MANAGEMENT, LLC added 136,686 shares (+64.1%) to their portfolio in Q3 2024
- VANGUARD GROUP INC added 127,783 shares (+12.0%) to their portfolio in Q3 2024
- BLACKROCK, INC. removed 126,950 shares (-4.3%) from their portfolio in Q3 2024
- CHARLES SCHWAB INVESTMENT MANAGEMENT INC added 114,487 shares (+202.3%) to their portfolio in Q3 2024
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
GRAND RAPIDS, Mich., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it expects to issue its 2024 fourth quarter results on Thursday, January 23, 2025, at approximately 8:00 am ET. The release will be available on the Internet at IndependentBank.com within the “News” section of the “Investor Relations” area of the Company’s website.
Brad Kessel, President and CEO, Gavin Mohr, CFO and Joel Rahn, EVP Commercial Banking will review the quarterly results in a conference call for investors and analysts beginning at 11:00 am ET on Thursday, January 23, 2025.
To participate in the live conference call, please dial 1-833-470-1428 (Access Code # 213949). Also the conference call will be accessible through an audio webcast with user-controlled slides via the following event site/URL: https://events.q4inc.com/attendee/519785754 .
A playback of the call can be accessed by dialing 1-866-813-9403 (Access Code # 178534). The replay will be available through January 30, 2025.
About Independent Bank Corporation
Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $5.3 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan's Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments, insurance and title services. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves.
For more information, please visit our website at: IndependentBank.com .
| Contact: | William B. Kessel, President and CEO, 616.447.3933 | |
| Gavin A. Mohr, Chief Financial Officer, 616.447.3929 |
