GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — Independent Bank Corp. (IBCP) on Thursday reported first-quarter net income of $16.9 million.
The bank, based in Grand Rapids, Michigan, said it had earnings of 81 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 79 cents per share.
The bank holding company posted revenue of $78.2 million in the period. Its revenue net of interest expense was $58.9 million, which also beat 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
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