Independent Bank Corporation plans to release its Q4 2024 results on January 23, 2025, followed by an investor conference call.
Quiver AI Summary
Independent Bank Corporation, based in Grand Rapids, Michigan, announced the release of its 2024 fourth quarter financial results, which will be available on January 23, 2025, at 8:00 am ET. The results can be accessed via their website in the Investor Relations section. Following the release, key executives, including CEO Brad Kessel and CFO Gavin Mohr, will discuss the results in a conference call scheduled for 11:00 am ET on the same day. Participants can join the call by phone or through an audio webcast. A playback of the call will be available until January 30, 2025. Independent Bank, founded in 1864 and operating throughout Michigan, offers a wide range of financial services and emphasizes exceptional customer service.
Potential Positives
- Independent Bank Corporation is scheduled to release its 2024 fourth quarter results on January 23, 2025, showcasing transparency and commitment to shareholder communication.
- The scheduled investor conference call demonstrates the company's proactive engagement with its investors and analysts, providing an opportunity for them to ask questions about the quarterly performance.
- Independent Bank Corporation has a significant asset base of approximately $5.3 billion, indicating a solid financial foundation and stability in the banking sector.
Potential Negatives
- Failure to provide key financial performance indicators before the upcoming release may raise concerns among investors regarding the company's current financial health.
- The scheduled release date for the quarterly results is beyond the typical reporting timeline, potentially signaling underlying operational issues or delays.
- The lack of any prior earnings guidance or context could lead to heightened uncertainty and speculation among analysts and investors about the company's future performance.
FAQ
When will Independent Bank Corporation release its fourth quarter results?
Independent Bank Corporation will issue its fourth quarter results on Thursday, January 23, 2025, at approximately 8:00 am ET.
How can I access the quarterly results?
The results will be available on IndependentBank.com in the "News" section of the "Investor Relations" area.
Who will present the quarterly results in the conference call?
Brad Kessel, President and CEO, Gavin Mohr, CFO, and Joel Rahn, EVP Commercial Banking will present the quarterly results.
What is the conference call access number?
To join the live conference call, dial 1-833-470-1428 and use access code # 213949.
How long will the conference call replay be available?
The replay of the conference call will be accessible until January 30, 2025, by dialing 1-866-813-9403 with access code # 178534.
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. 20, 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:
.
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 |
