No, for instance the threefold product of the periodic (i.e. non-bounding) spin structure on S^1 should have nonvanishing kernel (just tensor up sections in the kernel of the Dirac operator on S^1). However since the Atiyah orientation MSpin -> KO is an iso in this dimension the Â-genus of every three-dimensional spin manifold vanishes, so the kernel and cokernel have the same dimension (more precisely, a perturbation of the Dirac operator has no kernel)