Independent Bank Corporation expected to Report Fiscal Year 2009 Results on January 25, 2010. This event was calculated by Capital IQ (Created on November 3, 2009).

Independent Bank Corporation announced unaudited consolidated earning results for the third quarter and nine months ended September 30, 2009. For the quarter, the company reported net loss applicable to common stock of $17.8 million, or $0.74 basic and diluted per share, against a net loss of $5.3 million, or $0.23 basic and diluted per share, in the prior-year period. Total interest income was $47.9 million compared to $50.6 million for the same period last year. Net interest income after provision for loan losses was $12.9 million compared to $14.1 million for the same period last year. Loss before income tax was $17.8 million compared to $11.0 million for the same period last year. The company's tax equivalent net interest income totaled $35.8 million an increase of $0.8 million, or 2.2% from the year-ago period, and a decrease of $0.4 million, or 1.0% from the second quarter of 2009. For the nine months, the company reported, net loss applicable to common stock for of $43.7 million, or $1.84 basic and diluted per share compared to a net loss of $1.6 million, or $0.07 basic and diluted per share, in the prior-year nine-month period. Total interest income was $143.6 million compared to $155.0 million for the same period last year. Net interest income after provision for loan losses was $27.2 million compared to $54.0 million for the same period last year. Net interest income was $105.1 million compared to $97.5 million for the same period last year. Loss before income tax was $42.2 million compared to $8.9 million for the same period last year.

Independent Bank Corporation announced a quarterly cash dividend of $0.01 per share on the company's common stock. The dividend will be payable on Oct. 30, 2009 to all shareholders of record as of Oct. 5, 2009.