Independent Bank Corporation

NasdaqGS IBCP

Independent Bank Corporation Gross Profit for the Trailing 12 Months (TTM) ending September 30, 2024: USD 321.15 M

Independent Bank Corporation Gross Profit is USD 321.15 M for the Trailing 12 Months (TTM) ending September 30, 2024, a 58.04% change year over year. Gross profit is the difference between revenue and the cost of revenue, representing the profit earned from core business operations.
  • Independent Bank Corporation Gross Profit for the Trailing 12 Months (TTM) ending September 30, 2023 was USD 203.21 M, a 37.84% change year over year.
  • Independent Bank Corporation Gross Profit for the Trailing 12 Months (TTM) ending September 30, 2022 was USD 147.42 M, a -27.12% change year over year.
  • Independent Bank Corporation Gross Profit for the Trailing 12 Months (TTM) ending September 30, 2021 was USD 202.28 M, a 6.28% change year over year.
  • Independent Bank Corporation Gross Profit for the Trailing 12 Months (TTM) ending September 30, 2020 was USD 190.33 M, a 20.82% change year over year.
Key data
Date Gross Profit Operating Income EBIT EBITDA
Market news
NasdaqGS: IBCP

Independent Bank Corporation

CEO Mr. William Bradford Kessel CPA
IPO Date Sept. 4, 1985
Location United States
Headquarters 4200 East Beltline
Employees 741
Sector Finance
Industries
Banking & Lending Investment Banking & Asset Management
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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StockViz Staff

January 15, 2025

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