Detail akcie Independent MI online

Business Summary: Independent Bank Corp. is a bank holding company, the principal subsidiary of which is Rockland Trust Company (the Bank). The Bank is a state-chartered commercial bank which provides a variety of banking, investment and financial services through its retail branches, commercial banking centers, investment management offices, and mortgage lending centers located throughout Eastern Massachusetts as well as in Worcester County and Rhode Island. It also offers a full suite of mobile, online, and telephone banking services. The Bank’s borrowers primarily consist of small-to-upper middle market-sized businesses and consumers. Its loan portfolio includes commercial loans, consumer loans, and other consumer loans, primarily consisting of investment management secured lines of credit, installment loans and overdraft protection lines. The commercial loans consist of commercial real estate loans, construction loans, commercial and industrial loans, and small business loans.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2024, Independent Bank Corp (Michigan) interest income increased 11% to $266.8M. Net interest income after loan loss provision increased 8% to $161.8M. Net income increased 13% to $66.8M. Net interest income after loan loss provision reflects Commercial banking segment increase of 8% to $161.8M, Net Interest Margin, Total -% increase of 4% to 3.38%.