Passive investing in an index fund is a good way to ensure your own returns roughly match the overall market. When you...

The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.

Texas Capital Bancshares (TCBI) and Independent Bank (IBCP) have mutually agreed to terminate their merger agreement, previously announced on December 9, under which the parties had agreed to combine in an all-stock merger of equals.The companies have now entered into a Mutual Termination Agreement which was approved by the board of directors of both companies. Neither party will pay any termination fee. On the news Piper Sandler analyst Brad Milsaps downgraded TCBI from buy to hold, while slashing his price target from $41 to $26 (9% downside potential).David Brooks, CEO of Independent Bank Group (IBTX), said, “While both companies believed in the benefits of the proposed transaction when it was announced, we mutually concluded after careful consideration that, given the significant uncertainty caused by the COVID-19 pandemic and the resulting economic and market environment, it would not be prudent to continue to pursue the combination and integration of our companies at this time.”He added that the decision will allow each company to dedicate its focus and resources toward ensuring the strength of its business during these unprecedented times.Following the termination of the merger, Texas Capital also announced that C. Keith Cargill has stepped down as President and CEO and a member of the Board of Directors, effective immediately. However Cargill, who became CEO in 2014, will remain as Vice Chairman until the end of 2020.Larry L. Helm, who has served as Chairman of the Texas Capital Bancshares Board since 2012, will serve as Executive Chair, CEO and President until a permanent successor has been named, the company said.In addition, James H. Browning, an independent director and member of the Texas Capital Bancshares Board since 2009, has been appointed Lead Director.Elysia Ragusa, of Texas Capital, commented, “As part of our focus on succession planning, the Board believes that it is the right time for a transition in leadership as the Company executes a strategy to achieve enhanced operational focus and profitable, long-term value creation.”Shares in TCBI have plunged 50% year-to-date. Notably all seven analysts covering the stock rate it Hold, while the average analyst price target of $27 indicates a further 7% downside potential lies ahead. (See TCBI stock analysis on TipRanks).Related News: New HBO Max Streaming Service Will Go Live on Wednesday Alibaba Scores Earnings Beat With Revenue Surging 22% Y/Y Facebook Workplace Hits 5 Million Paid Users As Remote Work Demand Rises More recent articles from Smarter Analyst: * HBO Max Launches, But Not Yet Available on Amazon, Roku Platforms * Apple Snaps Up AI Startup Inductiv, As Analysts Boost PTs On Store Reopenings * Microsoft Seeks $2B Stake In India’s Jio Platforms- Report * Boeing Cuts 6,770 Jobs In U.S.; CFRA Upgrades Stock To Buy

Q1 2020 Independent Bank Corp (Michigan) Earnings Call

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GRAND RAPIDS, Mich., April 02, 2020 -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that,.

Q4 2019 Independent Bank Corp (Michigan) Earnings Call

Independent Bank Corporation (IBCP) (the "Company"), the holding company of Independent Bank, a Michigan-based community bank, announced today that it has completed the private placement of $40 million in fixed-to-floating rate subordinated notes due 2030 (the "Notes"). For the remainder of the term, the Notes, which mature on May 31, 2030, will bear an interest rate that will reset quarterly to an annual floating rate equal to the then-current three-month term Secured Overnight Financing Rate (SOFR) plus 582.5 basis points, payable quarterly in arrears. The Company is entitled to redeem the Notes, in whole or in part, on any interest payment date on or after May 31, 2025, and to redeem the Notes at any time in whole upon certain other specified events.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes? Let's find out.

GRAND RAPIDS, Mich., April 02, 2020 -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that it.

Brad Kessel has been the CEO of Independent Bank Corporation (NASDAQ:IBCP) since 2013. This analysis aims first to...

IBCP earnings call for the period ending March 31, 2020.

Shares of Independent Bank (NASDAQ:IBCP) remained unaffected at $16.25 after the company reported Q1 results.Quarterly Results Earnings per share were down 46.15% over the past year to $0.21, which missed the estimate of $0.37.Revenue of $30,191,000 less by 0.17% from the same period last year, which beat the estimate of $29,980,000.Guidance Earnings guidance hasn't been issued by the company for now.Revenue guidance hasn't been issued by the company for now.Details Of The Call Date: Apr 30, 2020View more earnings on IBCPTime: 12:00 PM ETWebcast URL: https://78449.choruscall.com/dataconf/productusers/ibcp/mediaframe/36957/indexr.htmlRecent Stock Performance Company's 52-week high was at $23.93Company's 52-week low was at $9.19Price action over last quarter: down 26.44%Company Overview Independent Bank Corp (Ionia MI) operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers.See more from Benzinga * Provident Financial: Q1 Earnings Insights * Great Western Bancorp: Q2 Earnings Insights * Lawson Products: Q1 Earnings Insights(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank (IBCP) have what it takes? Let's find out.

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be...

Independent Bank (IBCP) delivered earnings and revenue surprises of -40.00% and -4.22%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?

Independent Bank (IBCP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

GRAND RAPIDS, Mich., April 30, 2020 -- Before summarizing the financial results for the quarter we want to take a moment to recognize that the COVID-19 pandemic has brought.

GRAND RAPIDS, Mich., April 21, 2020 -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that.

To the annoyance of some shareholders, Independent Bank (NASDAQ:IBCP) shares are down a considerable 39% in the last...