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Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses in Michigan.View IBCP key stats
Independent Bank Corp (Ionia MI) - IBCP - EQUITY
Reviewed By: TheStreet Ratings on .
Report Summary: TheStreet Ratings team rates Independent Bank Corp (Ionia MI) as a
Buy with a ratings score of B.
Report Snippet: We rate INDEPENDENT BANK CORP/MI (IBCP) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, solid stock price performance, growth in earnings per share, expanding profit margins and increase in net income. We feel its strengths outweigh the fact that the company has had somewhat disappointing return on equity.