Company
Independent Bank Corporation
Headquarters: Grand Rapids, MI, United States
Founded: 1864
Employees: 866
CEO: Mr. William Bradford Kessel CPA
Market Cap
$533.3 Million
USD as of July 1, 2024
Independent Bank Corporation Categories
United States Financials Banks—RegionalUnited States Financials United States Banks—Regional
Top Competitors by Market Capitalization
Industry: Banks—Regional
| Company | Market Cap (USD) |
|---|---|
| HDFC Bank | $169.00 B |
| China Merchants Bank | $115.76 B |
| ICICI Bank Limited | $101.49 B |
| Al Rajhi Banking and Investment Corp | $84.87 B |
| DBS Group Holdings Ltd | $79.57 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Berkshire Hathaway | $887.16 B |
| JPMorgan | $599.29 B |
| Visa | $550.38 B |
| Mastercard | $416.63 B |
| Bank of America | $316.02 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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Stocks & Indices
Independent Bank Corporation has the following listings and related stock indices.
Stock: NASDAQ: IBCP wb_incandescent
Key People
Michael M. Magee, Jr., Chairman William B. Kessel, CEO & President
Financials
Revenue: US$197.914 Million (Fiscal Year Ended 31 December 2020)
Operating income: US$69.481 Million (Fiscal Year Ended 31 December 2020)
Net income: US$56.152 Million (Fiscal Year Ended 31 December 2020)
Total assets: US$4.204 Billion (Fiscal Year Ended 31 December 2020)
Total equity: US$389.522 Million (Fiscal Year Ended 31 December 2020)