GRAND RAPIDS, Mich. (AP) — GRAND RAPIDS, Mich. (AP) — Independent Bank Corp. (IBCP) on Thursday reported net income of $13.7 million in its fourth quarter.
The Grand Rapids, Michigan-based bank said it had earnings of 65 cents per share. Earnings, adjusted for non-recurring costs, were 79 cents per share.
The bank holding company posted revenue of $74.5 million in the period. Its revenue net of interest expense was $49.2 million, missing Street forecasts.
For the year, the company reported profit of $59.1 million, or $2.79 per share. Revenue was reported as $207 million.
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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
