Independent Bank: Independent Bank: Q1 Earnings Snapshot

GRAND RAPIDS, Mich. (AP) - GRAND RAPIDS, Mich. (AP) - Independent Bank Corp. (IBCP) on Thursday reported first-quarter earnings of $15.6 million. The bank, based in Grand Rapids, Michigan, said it had earnings of 74 cents per share. The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 70 cents per share. The bank holding company posted revenue of $76.6 million in the period. Its revenue net of interest expense was $54.1 million, which fell short of Street forecasts. _____ 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