INDEPENDENT BANK CORPINDBEarnings & Financial Report
Independent Bank is a bank headquartered in Grand Rapids, Michigan. The bank has 62 branches, all of which are in Michigan.
INDB Q3 2025 Key Financial Metrics
Revenue
$203.3M
Gross Profit
N/A
Operating Profit
$44.4M
Net Profit
$34.3M
Gross Margin
N/A
Operating Margin
21.8%
Net Margin
16.8%
YoY Growth
43.5%
EPS
$0.69
Financial Flow
INDEPENDENT BANK CORP Q3 2025 Financial Summary
INDEPENDENT BANK CORP reported revenue of $203.3M for Q3 2025, with a net profit of $34.3M (16.8% margin). Cost of goods sold was N/A, operating expenses totaled N/A.
Key Financial Metrics
| Total Revenue | $203.3M |
|---|---|
| Net Profit | $34.3M |
| Gross Margin | N/A |
| Operating Margin | 21.8% |
| Report Period | Q3 2025 |
INDEPENDENT BANK CORP Annual Revenue by Year
INDEPENDENT BANK CORP annual revenue history includes year-by-year totals (for example, 2024 revenue was $561.7M).
| Year | Annual Revenue |
|---|---|
| 2024 | $561.7M |
| 2023 | $606.5M |
| 2022 | $613.2M |
Income Statement
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $145.1M | $137.4M | $137.9M | $141.7M | $144.7M | $145.5M | $147.5M | $203.3M |
| YoY Growth | -13.8% | -13.6% | -9.6% | -5.5% | -0.3% | 5.9% | 6.9% | 43.5% |
Balance Sheet
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $19.35B | $19.32B | $19.41B | $19.41B | $19.37B | $19.89B | $20.05B | $24.99B |
| Liabilities | $16.45B | $16.44B | $16.49B | $16.43B | $16.38B | $16.85B | $16.97B | $21.45B |
| Equity | $2.90B | $2.88B | $2.92B | $2.98B | $2.99B | $3.03B | $3.07B | $3.55B |
Cash Flow
| Q4 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $53.5M | $51.1M | $65.6M | $70.2M | $42.9M | $13.3M | $106.7M | $52.2M |
More Companies
CM
CANADIAN IMPERIAL BANK OF COMMERCE /CAN/
WAL
WESTERN ALLIANCE BANCORPORATION
Revenue
$24.5M
Net Profit
$253.4M
BOKF
BOK FINANCIAL CORP
Revenue
$337.6M
Net Profit
$140.9M
VLY
VALLEY NATIONAL BANCORP
Revenue
$446.2M
Net Profit
$163.4M
ABCB
Ameris Bancorp
Revenue
$238.0M
Net Profit
$106.0M
AX
Axos Financial, Inc.
Revenue
$331.7M
Net Profit
$128.4M
EBC
Eastern Bankshares, Inc.
Revenue
$33.0M
Net Profit
$106.1M
TCBI
TEXAS CAPITAL BANCSHARES INC/TX
Revenue
$267.4M
Net Profit
$100.7M
FHB
FIRST HAWAIIAN, INC.
Revenue
$226.4M
Net Profit
$73.8M
LOB
Live Oak Bancshares, Inc.
Revenue
$115.5M
Net Profit
$26.5M