NASDAQ$IBCP
Independent Bank Corporation · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
Reported an increase in net income and net interest income, along with strong asset quality metrics and growth in portfolio loans and total deposits.
Independent Bank Corporation reported a positive second quarter in 2022, marked by an increase in net income to $13.0 million, or $0.61 per diluted share, compared to $12.4 million, or $0.56 per diluted share, in the prior-year period. The company saw growth in net interest income, portfolio loans, and total deposits, alongside maintaining strong asset quality metrics.
- Net income and diluted earnings per share increased by 4.9% and 8.9%, respectively, over the second quarter of 2021.
- Net growth in portfolio loans reached $254.8 million, or 34.0% annualized.
- Net interest income increased by 14.9% over the second quarter of 2021.
- Asset quality metrics remained strong, with net loan recoveries and low levels of non-performing loans and assets.
Headline financials
Revenue & EPS history
Independent Bank · Revenue · Quarterly
$50.7M
Revenue by segment
Independent Bank · $10.5M total across 2 segments · Q1 2022
- Mortgage Servicing Net$9.64M—92.0%
- Net Gains on Mtg Loans$835K—8.0%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2022
+1.3%
Avg return
Earnings day
+0.5%
Avg return
5 days after
+2.4%
Avg return
30 days after
55%
36 / 65 earnings
Positive
+13.3%
Q4 2010
Best reaction
-7.8%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | +1.6% | +0.7% | |
| Q4 2025 | +1.0% | -0.3% | +5.5% | |
| Q3 2025 | -0.7% | -5.2% | +2.6% | |
| Q2 2025 | -1.4% | -2.2% | -1.1% | |
| Q1 2025 | -1.2% | -0.7% | +0.5% | |
| Q4 2024 | +1.3% | +4.2% | -3.8% | |
| Q3 2024 | -2.0% | -0.1% | +15.9% | |
| Q2 2024 | +3.2% | +4.7% | +3.2% | |
| Q1 2024 | -0.5% | -1.2% | +1.1% | |
| Q4 2023 | -3.0% | +1.3% | -9.2% | |
| Q3 2023 | +3.5% | +5.6% | +20.0% | |
| Q2 2023 | +4.8% | +4.4% | -4.7% | |
| Q1 2023 | +4.3% | -6.7% | +0.1% | |
| Q4 2022 | -5.8% | -3.4% | -3.1% | |
| Q3 2022 | +5.8% | +11.1% | +17.1% | |
| Q2 2022 | +0.0% | +2.5% | +4.8% | |
| Q1 2022 | -4.0% | -7.6% | -10.0% | |
| Q4 2021 | -4.7% | -4.4% | -6.0% | |
| Q3 2021 | +0.3% | +2.5% | +8.0% | |
| Q2 2021 | +1.0% | +2.4% | +1.8% | |
| Q1 2021 | +1.3% | +2.3% | +1.0% | |
| Q4 2020 | -1.4% | +5.4% | +11.0% | |
| Q3 2020 | -1.4% | +0.6% | +21.8% | |
| Q2 2020 | +8.4% | +6.9% | +13.7% | |
| Q1 2020 | -7.8% | -15.2% | -15.0% | |
| Q4 2019 | -0.7% | -2.0% | -1.8% | |
| Q3 2019 | +2.8% | +2.8% | +0.7% | |
| Q2 2019 | -1.9% | -1.8% | -12.6% | |
| Q1 2019 | -2.9% | -2.8% | -1.3% | |
| Q4 2018 | -1.0% | -0.5% | +3.7% | |
| Q3 2018 | -1.8% | +3.3% | +3.7% | |
| Q2 2018 | -0.8% | -2.8% | -0.2% | |
| Q1 2018 | +5.4% | +2.1% | +5.2% | |
| Q4 2017 | +1.5% | +2.9% | +0.2% | |
| Q3 2017 | +4.0% | +1.1% | -1.6% | |
| Q2 2017 | -2.8% | +0.2% | -2.1% | |
| Q1 2017 | +8.5% | +4.7% | -2.1% | |
| Q4 2016 | +0.5% | +0.0% | +4.7% | |
| Q3 2016 | +1.3% | +1.0% | +12.7% | |
| Q2 2016 | +2.1% | +4.0% | +9.0% | |
| Q1 2016 | +0.7% | — | — | |
| Q4 2015 | +2.2% | — | — | |
| Q3 2015 | -3.0% | — | — | |
| Q2 2015 | +1.2% | — | — | |
| Q1 2015 | +1.2% | — | — | |
| Q4 2014 | +1.5% | — | — | |
| Q3 2014 | -2.5% | — | — | |
| Q2 2014 | +6.8% | — | — | |
| Q1 2014 | -5.2% | — | — | |
| Q4 2013 | -0.4% | — | — | |
| Q3 2013 | +0.3% | — | — | |
| Q2 2013 | -3.4% | — | — | |
| Q1 2013 | -3.0% | — | — | |
| Q4 2012 | +0.3% | — | — | |
| Q4 2011 | +0.3% | — | — | |
| Q3 2012 | -0.9% | — | — | |
| Q2 2012 | +10.2% | — | — | |
| Q1 2011 | -4.1% | — | — | |
| Q1 2012 | +3.6% | — | — | |
| Q4 2009 | +4.2% | — | — | |
| Q3 2010 | +10.7% | — | — | |
| Q3 2011 | +10.7% | — | — | |
| Q2 2011 | +13.3% | — | — | |
| Q2 2010 | +13.3% | — | — | |
| Q4 2010 | +13.3% | — | — |
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