Independent bank corp president & CEO Kessel sells $74,559 in shares By Investing.com

William B. Kessel, President & CEO and a Director at INDEPENDENT BANK CORP /MI/ (), sold 2,000 shares of the company’s common stock on September 15, 2026. The transactions totaled $74,559, with shares sold at prices ranging from $37.10 to $37.41 each.

Following these sales, Mr. Kessel directly owns 157,836 shares of Independent Bank Corp common stock. Additionally, he indirectly holds 9,122.21 shares through an Employee Stock Ownership Plan (ESOP).The insider sale comes as IBCP shares trade at $37.26, near their 52-week high of $39.24, with the stock delivering a strong 24% return over the past year. According to InvestingPro analysis, the stock currently appears overvalued relative to its Fair Value—a key consideration for investors monitoring insider transactions. InvestingPro Tips highlight that the company has raised its dividend for 12 consecutive years and trades at a low P/E ratio of 10.77 relative to near-term earnings growth. Investors seeking deeper insights can access 5 additional ProTips and comprehensive analysis through IBCP’s Pro Research Report, one of 1,400+ available for US equities.

In other recent news, Independent Bank Corporation reported its second-quarter 2026 earnings, surpassing Wall Street expectations. The bank achieved earnings of $0.90 per share on revenue of $63.24 million, exceeding the anticipated $0.84 per share and $60.08 million in revenue. This performance was driven by a widened net interest margin, which rose to 3.71%, and strong commercial loan growth, with a quarterly generation of $92.6 million. Non-interest income also outperformed expectations, benefiting from mortgage servicing gains and equity securities gains. However, the bank faced higher costs than planned, partly due to merger-related expenses associated with HCB Financial Corp. Net income increased to $18.8 million, reflecting an 11.1% rise compared to the previous year. These developments provide a snapshot of Independent Bank’s recent financial performance.

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