Independent Bank Corporation (Nasdaq:IBCP) offers comprehensive banking solutions to individuals and businesses located in Michigan’s lower peninsula through its subsidiary, Independent Bank. With a network of 62 offices, Independent Bank Corporation manages over USD 5 billion in assets.
Comps: South Plains Financial, Inc. (Nasdaq:SPFI), Five Star Bancorp (Nasdaq:FSBC)
Compared to similar organizations, Independent Bank Corporations boasts an impressive ratio of 5.9 and a remarkable 5.3% yield. Its net income also outperforms peers in the industry. Furthermore, the company’s earnings per share and revenue are higher than Five Star Bancorp’s, making Independent Bank Corporation an attractive option for investors seeking value and growth.