Independent Bank Corp (Michigan)
NASDAQ:IBCP
Net Margin
Independent Bank Corp (Michigan)
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 Across Competitors
| Country | Company | Market Cap |
Net Margin |
||
|---|---|---|---|---|---|
| US |
|
Independent Bank Corp (Michigan)
NASDAQ:IBCP
|
643.6m USD |
30%
|
|
| US |
|
PNC Financial Services Group Inc
NYSE:PNC
|
70.1B USD |
26%
|
|
| US |
|
Truist Financial Corp
NYSE:TFC
|
54.7B USD |
34%
|
|
| US |
|
M&T Bank Corp
NYSE:MTB
|
29.7B USD |
26%
|
|
| US |
|
Fifth Third Bancorp
NASDAQ:FITB
|
26.5B USD |
25%
|
|
| US |
|
First Citizens BancShares Inc (Delaware)
NASDAQ:FCNCA
|
25.5B USD |
28%
|
|
| CN |
|
Bank of Jiangsu Co Ltd
SSE:600919
|
178.9B CNY |
32%
|
|
| CN |
|
Bank of Ningbo Co Ltd
SZSE:002142
|
168.3B CNY |
38%
|
|
| US |
|
Huntington Bancshares Inc
NASDAQ:HBAN
|
22.1B USD |
24%
|
|
| US |
|
Regions Financial Corp
NYSE:RF
|
20B USD |
25%
|
|
| JP |
|
Resona Holdings Inc
TSE:8308
|
2.9T JPY |
22%
|
Independent Bank Corp (Michigan)
Glance View
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.
See Also
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.
Based on Independent Bank Corp (Michigan)'s most recent financial statements, the company has Net Margin of 30%.
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