IBCP
Independent Bank Corporation
Dividend Growth | |
| Min. Div. Growth Past 7 Yrs. ≥ 15%: 7.3% | |
| Rolling 4-Yrs Div. Growth Past 7 Yrs ≥ 15%: 4.4% | |
| Years of Div. Growth ≥ 15: 10 | |
Income Generation | |
| Current Yield 2.8% ≥ 20-Yrs Treasury Yield 4.4% | |
| Total Dividends ≥ 20-Yrs Treasury Coupons in 5 Yrs | |
Sustainability | |
| Debt-To-Equity 0.24 ≤ 0.45 | |
| Last 12Months Cash Payout 0.38 ≤ 0.6 | |
Profitability | |
| 5-Yr Avg. Return-on-Equity 15.5% ≥ 15% | |
| Last 12Months Return-on-Equity 15.8% ≥ 15% | |
| Last 12Months Net Profit Margin 23.7% ≥ 10% | |
Fair Value | |
| Average 5-Yrs High Yield 6.1% | |
| Current Price $34.1 ≤ High Yield Price $15.6 | |
| Average 5-Yrs Price-to-Earning (P/E) 7.1 | |
| Current Price $34.1 ≤ Average P/E Price $20.9 | |
| Current Price $34.1 ≤ Fair Value $22.3 |
Company Description
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
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