Independent Bank: Q2 Earnings Snapshot

July 26, 2022 GMT

GRAND RAPIDS, Mich. (AP) _ Independent Bank Corp. (IBCP) on Tuesday reported second-quarter earnings of $13 million.

The bank, based in Grand Rapids, Michigan, said it had earnings of 61 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 56 cents per share.

The bank holding company posted revenue of $53 million in the period. Its revenue net of interest expense was $50.7 million, also surpassing Street forecasts.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IBCP at https://www.zacks.com/ap/IBCP