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Companies/Independent Bank Corporation
Company profile

Independent Bank Corporation

NASDAQ: IBCP · Financial Services · Banks - Regional
PublicHQ Grand Rapids, MI · KentCIK 0000039311Reports USD
#506 of 1,011 Financial Services companies by revenue30th-percentile growth
EA Score
61C
FH 63DQ 61GM 46SS 82
v0.1 · 65/100 weight · provisional
↑ listing tenure, return on equity · ↓ 3-yr revenue growth, balance-sheet leverage
Methodology →
Revenue TTM
$309.7M
Rev growth YoY (TTM)
-1.7%
Net income (FY)
$68.5M
Employees
732
Market cap
$742.6M
OverviewFinancialsSegmentsFilingsESGPeople & Places

Financials — latest annual

SEC EDGAR · USD-normalized
ConceptUSDNativeFY
Revenue$32.1M$32.1M2025
Net income$68.5M$68.5M2025
Total assets$5.5B$5.5B2025
Liabilities$5.0B$5.0B2025
Equity$503.0M$503.0M2025

Revenue trend

FY2018 – FY2025 · USD
$27.1M
FY18
$26.0M
FY19
$24.0M
FY20
$29.1M
FY21
$31.6M
FY22
$32.9M
FY23
$32.0M
FY24
$32.1M
FY25

Revenue by segment

Filed disclosures · FY2021
By product
Interchange Income33%
Service Charges on Deposits24%
Overdraft Fees20%
Investment and Insurance Commissions6%
Other Deposit Related Income5%
Asset Management Revenue4%
By geography

Not disclosed.

The read

Independent Bank Corporation booked $32.1M in FY2025 revenue, growing 0.3% year over year — slower than 70% of Financial Services companies we track, at a 213.7% net margin.

Peers · Financial Services
Tortoise Energy Infrastructure Corporation——Carter Bankshares, Inc.53DAssociated Capital Group, Inc.——Nuveen Select Tax-Free Income Portfolio——
Neighbors
Kent →
UFP Industries, Inc.$6.3B78B+Wolverine World Wide, Inc.$1.9B64CMercantile Bank Corporation——ChoiceOne Financial Services, Inc.$19.0M44DNorthpointe Bancshares, Inc.——Grand River Commerce, Inc.——
Key facts
CEOGavin A. Mohr
SectorFinancial Services
IndustryBanks - Regional
HeadquartersGrand Rapids, MI
ExchangeNASDAQ: IBCP
Employees732
IPO date1985-09-04
Latest filings
8-K2026-06-188-K2026-06-1210-Q2026-05-068-K2026-04-298-K2026-04-248-K2026-04-238-K2026-04-218-K2026-03-18
Financials: SEC EDGAR (XBRL), USD-normalized per IAS 21 · TTM/quarterly + segments: FMP from filed disclosures · Filings: EDGAR submissions. County headcount and EA Score are in progress — see docs/DATA_GAPS.md.
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