Independent Bank Corporation Company Profile & Data: stocks, market cap, financials, digital and more

                        
Company
Independent Bank CorporationHeadquarters: Grand Rapids, 
                        MI, United States
                    
Founded: 1864
Employees: 866
CEO: Mr. William Bradford Kessel CPA

                                    NASDAQ: IBCP
                                
                                            +0.19%
                                            
Market Cap$736.4 Million

                        USD as of Jan. 1, 2025
                    
                            Market Cap History

Independent Bank Corporation Categories

United States Financials Banks—Regional
United States Financials United States Banks—Regional

Independent Bank Corporation market capitalization over time

Evolution of Independent Bank Corporation market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

Market Cap History of Independent Bank Corporation

Top Competitors by Market Capitalization

Industry: Banks—Regional

Company	Market Cap (USD)
HDFC Bank	$150.31 B
China Merchants Bank	$138.25 B
Al Rajhi Banking and Investment Corp	$98.81 B
ICICI Bank Limited	$98.12 B
DBS Group Holdings Ltd	$91.35 B

Sector:

Company	Market Cap (USD)
Berkshire Hathaway	$991.39 B
JPMorgan	$744.02 B
Visa	$635.57 B
Mastercard	$490.32 B
Bank of America	$353.07 B

Detailed Description

Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.

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Financials

Last Financial Reports Date	Dec. 31, 2023
Revenue TTM	$206.0 M
EBITDA	$0
Gross Profit TTM	$0
Profit Margin	30.13%
Operating Margin	39.61%
Quarterly Revenue Growth	11.10%