Independent Bank Corporation (IBCP) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

will be your coordinator for today. If you would like to ask a question, please press star followed by one on your telephone keypad. If you change your mind, please press star followed by two. We will be taking questions after the prepared remarks. I will now hand over to our host, Brad Kessel, President and CEO to begin. Please go ahead. Good morning and welcome to today's call. Thank you for joining us for Independent Bank Corporation's conference call and webcast to discuss the company's second quarter 2025 results. I am Brad Kessel, President and Chief Executive Officer and joining me is Gavin Moore, EVP and Chief Financial Officer and Joel Ron, EVP Commercial Banking. Before we begin today's call, I would like to direct you to the important information on page two of our presentation, specifically the cautionary note regarding forward-looking statements. If anyone does not already have a copy of the press release issued by us today, you can access it at the company's website, independentbank.com. The agenda for today's call will include prepared remarks followed by a question and answer session and then closing remarks. I am pleased to report our solid second quarter results as we advance our mission of inspiring financial independence today with tomorrow in mind. Our vision is a future where people approach their finances with confidence, clarity and the determination to succeed. Our core values of courage, drive, integrity, people focused and teamwork are the blueprint our employees live by. We strive to be Michigan's most people focused bank. Today, Independent Bank Corporation reported second quarter 2025 net income of $16.9 million or 81 cents per diluted share versus net income of $18.5 million or 88 cents per diluted share in the prior year period. Signif...