Independent Bank was one of 30 banks and thrifts that comprised the Sandler O’Neill Sm-All Stars Class of 2018. The list identified top performing small-cap banks and thrifts throughout the United States based on a variety of categories.
To earn Sm-All Star status, companies were required to have a market cap below $2.5 billion, and out-perform in four metrics—EPS Growth, Loan Growth, Deposit Growth, and ROAE. Banks in the Midwest region contributed 9 of the 30 members to this year’s class, making this the largest number of members contributed by any one region this year, and also the most the Midwest region has ever contributed to the list. Independent Bank was one of two banks selected in Michigan.