Independent Bank Corporation ( ($IBCP) ) has released its Q4 earnings. Here is a breakdown of the information Independent Bank Corporation

Operator: Hello everyone, and welcome to the Independent Bank Corporation Reports 2024 Fourth Quarter Results. My name is Ezra and I will be your coordinator today.

The 12-month price targets, analyzed by analysts, offer insights with an average target of $79.25, a high estimate of $82.00, and a low estimate of $77.00. This current average reflects an increase of 6.38% from the previous average price target of $74.50.

Highlights for the fourth quarter of 2024 include: An increase in net interest income of $1.0 million (2.4%) over the third quarter of 2024; A net interest margin of 3.45% (eight basis point increase from the linked quarter) A return on average assets and a return on average equity of 1.39% and 16.31%, respectively;