Current Net Margin
23.40%
Independent Bank Corporation currently has a net profit margin of 23.40%.
Financial Fundamentals
IBCP • Quarterly Data • 5Y View
Historical Margin Data
| Date | Rev ($B) | NI ($B) | Net Margin | Change (bps) |
|---|---|---|---|---|
| 2025-12-31 | 0.08 | 0.02 | 23.40% | ▲135 |
| 2025-09-30 | 0.08 | 0.02 | 22.05% | ▼6 |
| 2025-06-30 | 0.08 | 0.02 | 22.11% | ▲125 |
| 2025-03-31 | 0.07 | 0.02 | 20.86% | ▼98 |
| 2024-12-31 | 0.08 | 0.02 | 21.84% | ▲368 |
| 2024-09-30 | 0.08 | 0.01 | 18.16% | ▼507 |
| 2024-06-30 | 0.08 | 0.02 | 23.23% | ▲223 |
| 2024-03-31 | 0.08 | 0.02 | 21.00% | ▲214 |
| 2023-12-31 | 0.07 | 0.01 | 18.85% | ▼411 |
| 2023-09-30 | 0.08 | 0.02 | 22.96% | ▲230 |
| 2023-06-30 | 0.07 | 0.01 | 20.67% | ▼1 |
| 2023-03-31 | 0.06 | 0.01 | 20.67% | ▼417 |
| 2022-12-31 | 0.06 | 0.02 | 24.84% | ▼394 |
| 2022-09-30 | 0.06 | 0.02 | 28.79% | ▲334 |
| 2022-06-30 | 0.05 | 0.01 | 25.45% | ▼902 |
| 2022-03-31 | 0.05 | 0.02 | 34.47% | ▲950 |
| 2021-12-31 | 0.05 | 0.01 | 24.97% | ▼480 |
| 2021-09-30 | 0.05 | 0.02 | 29.77% | ▲296 |
| 2021-06-30 | 0.05 | 0.01 | 26.81% | ▼1160 |
| 2021-03-31 | 0.06 | 0.02 | 38.40% | ▲852 |
| 2020-12-31 | 0.06 | 0.02 | 29.88% | ▼251 |
| 2020-09-30 | 0.06 | 0.02 | 32.40% | ▲423 |
| 2020-06-30 | 0.05 | 0.01 | 28.17% | ▲1738 |
| 2020-03-31 | 0.04 | 0.00 | 10.79% | ▼1643 |
| 2019-12-31 | 0.05 | 0.01 | 27.21% | ▲138 |
| 2019-09-30 | 0.05 | 0.01 | 25.83% | ▲259 |
| 2019-06-30 | 0.05 | 0.01 | 23.24% | ▲252 |
| 2019-03-31 | 0.05 | 0.01 | 20.72% | ▼180 |
| 2018-12-31 | 0.04 | 0.01 | 22.52% | ▼395 |
| 2018-09-30 | 0.05 | 0.01 | 26.48% | ▲647 |
| 2018-06-30 | 0.04 | 0.01 | 20.01% | ▼459 |
| 2018-03-31 | 0.04 | 0.01 | 24.60% | ▲1998 |
| 2017-12-31 | 0.04 | 0.00 | 4.62% | ▼1503 |
| 2017-09-30 | 0.03 | 0.01 | 19.65% | ▲162 |
| 2017-06-30 | 0.03 | 0.01 | 18.04% | ▼16 |
| 2017-03-31 | 0.03 | 0.01 | 18.20% | ▲105 |
| 2016-12-31 | 0.03 | 0.01 | 17.14% | ▼252 |
| 2016-09-30 | 0.03 | 0.01 | 19.67% | ▼193 |
| 2016-06-30 | 0.03 | 0.01 | 21.60% | ▲689 |
| 2016-03-31 | 0.03 | 0.00 | 14.70% | ▼399 |
| 2015-12-31 | 0.03 | 0.01 | 18.69% | ▲61 |
| 2015-09-30 | 0.03 | 0.01 | 18.08% | ▼78 |
| 2015-06-30 | 0.03 | 0.01 | 18.86% | ▲480 |
| 2015-03-31 | 0.03 | 0.00 | 14.05% | ▼33 |
| 2014-12-31 | 0.03 | 0.00 | 14.38% | ▼267 |
| 2014-09-30 | 0.03 | 0.00 | 17.05% | ▼422 |
| 2014-06-30 | 0.03 | 0.01 | 21.27% | ▲973 |
| 2014-03-31 | 0.03 | 0.00 | 11.54% | ▼437 |
| 2013-12-31 | 0.03 | 0.00 | 15.91% | ▲391 |
| 2013-09-30 | 0.03 | 0.00 | 12.00% | ▼18545 |
| 2013-06-30 | 0.03 | 0.06 | 197.46% | ▲17770 |
| 2013-03-31 | 0.03 | 0.01 | 19.75% | ▼3205 |
| 2012-12-31 | 0.02 | 0.01 | 51.80% | ▲3352 |
| 2012-09-30 | 0.04 | 0.01 | 18.29% | ▲561 |
| 2012-06-30 | 0.03 | 0.00 | 12.67% | ▲276 |
| 2012-03-31 | 0.04 | 0.00 | 9.91% | ▲3213 |
| 2011-12-31 | 0.04 | -0.01 | -22.22% | ▼1121 |
| 2011-09-30 | 0.04 | -0.00 | -11.01% | ▼1110 |
| 2011-06-30 | 0.04 | 0.00 | 0.09% | ▲1713 |
| 2011-03-31 | 0.04 | -0.01 | -17.04% | ▼905 |
| 2010-12-31 | 0.05 | -0.00 | -7.99% | ▲573 |
| 2010-09-30 | 0.05 | -0.01 | -13.72% | ▼2944 |
| 2010-06-30 | 0.05 | 0.01 | 15.72% | ▲4147 |
| 2010-03-31 | 0.05 | -0.01 | -25.75% | ▲5613 |
| 2009-12-31 | 0.06 | -0.05 | -81.88% | ▼5170 |
| 2009-09-30 | 0.06 | -0.02 | -30.18% | ▼2272 |
| 2009-06-30 | 0.07 | -0.01 | -7.46% | ▲2397 |
| 2009-03-31 | 0.06 | -0.02 | -31.44% | ▲15104 |
| 2008-12-31 | 0.05 | -0.09 | -182.47% | ▼17297 |
| 2008-09-30 | 0.06 | -0.01 | -9.50% | ▼1461 |
| 2008-06-30 | 0.07 | 0.00 | 5.11% | ▲456 |
| 2008-03-31 | 0.06 | 0.00 | 0.55% | ▼309 |
| 2007-12-31 | 0.07 | 0.00 | 3.63% | ▼181 |
| 2007-09-30 | 0.07 | 0.00 | 5.44% | ▲550 |
| 2007-06-30 | 0.07 | -0.00 | -0.06% | ▼649 |
| 2007-03-31 | 0.07 | 0.00 | 6.43% | ▲586 |
| 2006-12-31 | 0.05 | 0.00 | 0.57% | ▼1461 |
| 2006-09-30 | 0.07 | 0.01 | 15.18% | ▼110 |
| 2006-06-30 | 0.07 | 0.01 | 16.28% | ▼396 |
| 2006-03-31 | 0.06 | 0.01 | 20.23% | ▲260 |
| 2005-12-31 | 0.06 | 0.01 | 17.63% | ▼135 |
| 2005-09-30 | 0.06 | 0.01 | 18.98% | ▼71 |
| 2005-06-30 | 0.06 | 0.01 | 19.69% | 0 |
| 2005-03-31 | 0.06 | 0.01 | 19.69% | ▼34 |
| 2004-12-31 | 0.05 | 0.01 | 20.03% | ▲103 |
| 2004-09-30 | 0.05 | 0.01 | 19.00% | ▲67 |
| 2004-06-30 | 0.05 | 0.01 | 18.33% | ▼128 |
| 2004-03-31 | 0.04 | 0.01 | 19.61% | ▼54 |
| 2003-12-31 | 0.05 | 0.01 | 20.15% | ▼145 |
| 2003-09-30 | 0.05 | 0.01 | 21.60% | ▲169 |
| 2003-06-30 | 0.05 | 0.01 | 19.91% | ▼107 |
| 2003-03-31 | 0.04 | 0.01 | 20.98% | ▲221 |
| 2002-12-31 | 0.04 | 0.01 | 18.76% | ▲82 |
| 2002-09-30 | 0.04 | 0.01 | 17.95% | ▼35 |
| 2002-06-30 | 0.04 | 0.01 | 18.29% | ▼1 |
| 2002-03-31 | 0.04 | 0.01 | 18.30% | ▲269 |
| 2001-12-31 | 0.04 | 0.01 | 15.61% | ▲105 |
| 2001-09-30 | 0.04 | 0.01 | 14.56% | ▼6 |
| 2001-06-30 | 0.04 | 0.01 | 14.62% | ▲122 |
| 2001-03-31 | 0.04 | 0.01 | 13.40% | ▲11 |
| 2000-12-31 | 0.04 | 0.01 | 13.30% | ▼20 |
| 2000-09-30 | 0.04 | 0.01 | 13.50% | ▲160 |
| 2000-06-30 | 0.04 | 0.00 | 11.90% | ▼18 |
| 2000-03-31 | 0.04 | 0.00 | 12.08% | ▲332 |
| 1999-12-31 | 0.04 | 0.00 | 8.76% | ▲1208 |
| 1999-09-30 | 0.04 | -0.00 | -3.33% | ▼1313 |
| 1999-06-30 | 0.04 | 0.00 | 9.80% | ▲50 |
| 1999-03-31 | 0.04 | 0.00 | 9.30% | ▼63 |
| 1998-12-31 | 0.03 | 0.00 | 9.92% | ▲173 |
| 1998-09-30 | 0.04 | 0.00 | 8.20% | ▼192 |
| 1998-06-30 | 0.02 | 0.00 | 10.12% | ▼13 |
| 1998-03-31 | 0.02 | 0.00 | 10.26% | ▲30 |
| 1997-12-31 | 0.02 | 0.00 | 9.96% | ▼40 |
| 1997-09-30 | 0.02 | 0.00 | 10.36% | ▼7 |
| 1997-06-30 | 0.02 | 0.00 | 10.43% | ▼29 |
| 1997-03-31 | 0.02 | 0.00 | 10.71% | ▼64 |
| 1996-12-31 | 0.02 | 0.00 | 11.35% | ▲5 |
| 1996-09-30 | 0.02 | 0.00 | 11.30% | ▼186 |
| 1996-06-30 | 0.02 | 0.00 | 13.16% | ▼81 |
| 1996-03-31 | 0.01 | 0.00 | 13.97% | — |
* Basis Point (bps) change measures sequential efficiency shifts. 100 bps = 1.00% Margin change.