Independent Bank Corp (Michigan)
NASDAQ:IBCP

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Independent Bank Corp (Michigan)
NASDAQ:IBCP
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Price: 35.38 USD 0.28% Market Closed
Market Cap: 739.1m USD
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Net Margin
Independent Bank Corp (Michigan)

29.3%
Current
29%
Average
22.9%
Industry

Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.

Net Margin
29.3%
=
Net Income
62.1m
/
Revenue
212.1m

Net Margin Across Competitors

Country US
Market Cap 739.2m USD
Net Margin
29%
Country US
Market Cap 77.3B USD
Net Margin
22%
Country US
Market Cap 58.4B USD
Net Margin
-14%
Country US
Market Cap 31.7B USD
Net Margin
25%
Country US
Market Cap 30.5B USD
Net Margin
26%
Country US
Market Cap 29.2B USD
Net Margin
24%
Country CN
Market Cap 179.3B CNY
Net Margin
32%
Country US
Market Cap 24B USD
Net Margin
21%
Country US
Market Cap 21.9B USD
Net Margin
23%
Country CN
Market Cap 158.8B CNY
Net Margin
38%
Country US
Market Cap 19.5B USD
Net Margin
15%
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Independent Bank Corp (Michigan)
Glance View

Market Cap
739.2m USD
Industry
Banking

Independent Bank Corp. operates as a bank holding company, which engages in the provision of financial services. The company is headquartered in Grand Rapids, Michigan and currently employs 866 full-time employees. The firm operates through the community banking segment, which provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. The firm is engaged in bank transacts business in the single industry of commercial banking. The Bank classifies loans as commercial, consumer real estate and other consumers. Its commercial loans consist of commercial and industrial loans, commercial real estate, commercial construction, and small business loans. Its consumer real estate consists of residential mortgages and home equity loans and lines of credit that are secured primarily by owner-occupied residences and mortgages for the construction of residential properties. Its other consumer loans are focused on personal loans. The company has over 119 retail branches, two limited-service branches and a mobile branch in Eastern Massachusetts.

IBCP Intrinsic Value
34.16 USD
Overvaluation 3%
Intrinsic Value
Price

See Also

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What is Net Margin?

Net Margin measures how much net income is generated as a percentage of revenues received. It helps investors assess if a company's management is generating enough profit from its sales and whether operating costs and overhead costs are being contained.

Net Margin
29.3%
=
Net Income
62.1m
/
Revenue
212.1m
What is the Net Margin of Independent Bank Corp (Michigan)?

Based on Independent Bank Corp (Michigan)'s most recent financial statements, the company has Net Margin of 29.3%.