3 Bank Stocks to Buy Without the Baggage

Regional and local banks offer great opportunity

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3 Bank Stocks to Buy Without the Baggage

FirstBank

Another small bank with big potential is Firstbank (FBMI) up 88% year-to-date and a decent 1.20% yield. Net income for the third quarter 2013 rose 5.7% from $2.89 million from $2.7 million a year ago. Diluted earnings per share were $0.35 in the third quarter of 2013 compared to $0.31 in the third quarter of 2012.

This $155 million market-cap stock operates 53 branch offices in central Michigan. Firstbank provides commercial banking products and services, including traditional deposit accounts and loans tailored to meet the needs of its business customers. FBMI also offers trust, security brokerage and title insurance services.

Another small bank with big potential is Firstbank Corp., up 88% year-to-date and a decent 1.20% yield. Net income for the third quarter 2013 rose 5.7% from $2.89 million from $2.7 million a year ago. Diluted earnings per share were $0.35 in the third quarter of 2013 compared to $0.31 in the third quarter of 2012.


Article printed from InvestorPlace Media, http://investorplace.com/2013/11/3-bank-stocks-buy-c-jpm/.

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