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Independent Bank Corporation IBCP Net margin

Net margin at other companies

Financial InstitutionsFISI

31.5%—

Fifth Third BankFITB

22.4%-4.7pp

Huntington BancsharesHBAN

25%-2.1pp

Great Southern BancorpGSBC

31.2%+1.9pp

Independent Bank CorpINDB

25.8%-1.1pp

Southern Missouri BancorpSMBC

34.3%+2.6pp

Other financials

Income statement

Revenue$58.9M+8.9%

Net income$16.9M+8.2%

EPS (diluted)$0.81+9.5%

Balance sheet

Cash & equivalents$174.9M+36.5%

Total debt$7.2M+13.4%

Total equity$510.6M+9.3%

Total assets$5.6B+4.3%

Cash flow

Operating cash flow-$9.2M-148%

CapEx$4.6M+311%

Free cash flow-$13.8M-176%

Valuation

Market cap$733.37M+16.4%

Enterprise value$565.68M+11.3%

P/E10.5×+1.0×

P/S3.2×+0.4×

Profitability

FCF margin16.6%-7.1pp

Returns & leverage

Return on equity14.3%-0.8pp

Debt / equity0×0.0×

Where this comes from

Calculated from Independent Bank Corporation’s reported figures.

net income/total revenue=30.3%

Based on trailing twelve months.

The official record: Independent Bank Corporation’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Independent Bank Corporation's net margin?: Independent Bank Corporation (IBCP) reported net margin of 30.3% in Q1 2026.
How has Independent Bank Corporation's net margin changed year-over-year?: Independent Bank Corporation's net margin increased by 2.2% year-over-year, from 29.6% to 30.3%.
What is the long-term trend for Independent Bank Corporation's net margin?: Over 5 years (2020 to 2025), Independent Bank Corporation's net margin has grown at a 2.0% compound annual growth rate (CAGR), from 27.5% to 30.4%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.