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Independent Bank Corporation (Ionia MI)

$34.58
Market Cap 711.95M
ROE 14.2%
Gross Margin 100.0%
Debt/Equity 0.1
Current Ratio 0.0
Revenue QoQ 9.7%
EPS QoQ 0.1%
F-Score 5

About

Independent Bank Corporation is a Michigan-based bank holding company with total assets of $5.3 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan's Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments and insurance. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves.

Exchange
NASDAQ
Sector
Financial Services
Industry
Banks - Regional

Sector context

Financial Services

Overvalued

Trading at a discount to sector peers

P/E
10.08
vs median 2.78
P/B
1.38
vs median 1.67
ROE
0.14
vs median 0.13

Decent quality with acceptable fundamentals

Small-cap company with higher volatility

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