Independent Bank Corporation Overview
Industry: Banks Regional
Sector: Financial Services
Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses in Eastern Massachusetts, as well as Worcester County and Rhode Island. It offers checking and saving accounts, and certificates of deposit; personal and home equity line of credit; and secured, unsecured, boat, auto, RV, and student loans, as well as term, commercial real estate, and equipment and vehicle loans. The company provides debit and credit card services, loan payments, e-services, and treasury management services, as well as night depository, telephone banking, insured cash sweep, and lockbox services. In addition, it invests in low-income housing tax credit projects; holds, maintains, and disposes foreclosed properties; and provides investment advisor and like-kind exchange services. The company was founded in 1864 and is headquartered in Grand Rapids, Michigan. Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses in Eastern Massachusetts, as well as Worcester County and Rhode Island. It offers checking and saving accounts, and certificates of deposit; per Read MoreIndependent Bank Corporation is evaluated based on the investment philosophy and approach to stock market investing developed by renowned investor Warren Buffett. Companies with high ratings typically exhibit growing earnings, a substantial profit margin, conservative leverage, a consistently high return on equity, and a sustained practice of repurchasing their shares over the years.
Independent Bank Corporation
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Recent News
Earnings Per Share
Score 4.00/5
Independent Bank Corporation boasts a high score, as its Earnings Per Share (EPS) has demonstrated consistent growth over the past six years. Notable counterparts in the sector with high scores includes
Pathward Financial Inc
Aflac Inc
T. Rowe Price Group Inc
In
Banks Regional industry
, Pathward Financial Inc
, Axos Financial
, The Bancorp Inc
are companies with high ratings.
Return on Equity
Score 4.00/5
Independent Bank Corporation stands out with a superior score in the Return on Equity (ROE) section, surpassing the sector median value and showcasing its strong performance in this metric. The top companies in the same sector include
Pathward Financial Inc
Aflac Inc
T. Rowe Price Group Inc
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Banks Regional industry
, Pathward Financial Inc
, Axos Financial
, The Bancorp Inc
are companies with high ratings.
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Net Margin
Score 4.40/5
Independent Bank Corporation
commands a high score, propelled by its net margin consistently outpacing the sector median value and exhibiting continuous growth in recent six years; noteworthy counterparts in the sector, boasting similarly high scores, include
Pathward Financial Inc
Aflac Inc
T. Rowe Price Group Inc
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Banks Regional industry
, Pathward Financial Inc
, Axos Financial
, The Bancorp Inc
are companies with high ratings.
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Leverage
Score 0.80/5
Independent Bank Corporation
registers a lower score in the category as a result of its elevated leverage ratio over the past six years compared to the sector median value. Conversely, other companies in the same sector, including
Pathward Financial Inc
Aflac Inc
T. Rowe Price Group Inc
have achieved high scores.
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In
Banks Regional industry
, Pathward Financial Inc
, Axos Financial
, The Bancorp Inc
are companies with high ratings.
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