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    Adam Carol

    Research Analyst at Piper Sandler & Co.

    There is no publicly available evidence of an Adam Carol working as an analyst at Piper Sandler & Co. or holding any analyst position at this firm. No LinkedIn profile, analyst ranking, professional biography, or records of covered companies, performance metrics, or securities licenses have been located for Adam Carol in relation to Piper Sandler or the broader financial analyst community. As a result, there is no verifiable information about Adam Carol’s career history, credentials, or achievements in this context.

    Adam Carol's questions to INDEPENDENT BANK CORP /MI/ (IBCP) leadership

    Adam Carol's questions to INDEPENDENT BANK CORP /MI/ (IBCP) leadership • Q3 2024

    Question

    Speaking for Nathan Race, Adam Carol of Piper Sandler & Co. questioned if deposit costs have peaked and asked for color on market competition. He also inquired about the expense run rate outlook for 2025, given the bank's AI initiatives.

    Answer

    President and CEO William Kessel stated his belief that spot deposit costs have peaked, though the remix from noninterest-bearing to interest-bearing accounts continues. He characterized the market as aggressive but expressed confidence in their pricing strategy. Regarding 2025 expenses, Mr. Kessel deferred specific guidance to the next earnings call but emphasized a continued focus on expense management through technology and resource reallocation, with a goal to leverage AI for revenue generation.

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