Press Releases April 21, 2026 01:37 PM

Independent Bank Corporation Announces Quarterly Cash Dividend On Common Stock

Independent Bank Corporation declares quarterly cash dividend of $0.28 per share

By Hana Yamamoto
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IBCP

Independent Bank Corporation announced a quarterly cash dividend of $0.28 per share payable on May 14, 2026, to shareholders of record as of May 4, 2026. The Michigan-based community bank holds approximately $5.5 billion in assets and provides a full range of financial services throughout Michigan's Lower Peninsula.

Independent Bank Corporation Announces Quarterly Cash Dividend On Common Stock
IBCP
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Key Points

  • Quarterly cash dividend declared at $0.28 per common share, indicating strong capital position and confidence in financial performance.
  • Independent Bank Corporation is a community bank with $5.5 billion in assets, serving Michigan's Lower Peninsula.
  • The bank offers a comprehensive suite of financial products including commercial banking, mortgage lending, investments, and insurance services.

GRAND RAPIDS, Mich., April 21, 2026 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of $0.28 per share. This dividend is payable on May 14, 2026, to shareholders of record on May 4, 2026.

About Independent Bank Corporation

Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $5.5 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 and insurance 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 Web site at: IndependentBank.com.

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



Risks

  • Dividend payments depend on the bank's future earnings and regulatory approval, which could be impacted by economic downturns in the financial sector.
  • Concentration in the Michigan regional market exposes the bank to regional economic and real estate risks affecting community banking and mortgage lending.
  • Interest rate fluctuations could affect the bank's lending margins and profitability, influencing future dividend capacity.

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