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Independent Bank Corp (Michigan)
NASDAQ:IBCP

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Independent Bank Corp (Michigan) Logo
Independent Bank Corp (Michigan)
NASDAQ:IBCP
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Price: 36.58 USD -0.41% Market Closed
Market Cap: $756.8m
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Net Margin

30.4%
Current
Improving
by 1.1%
vs 3-y average of 29.3%

Net Margin shows how much profit a company keeps from each dollar of sales after all expenses, including taxes and interest. It reflects the company`s overall profitability.

Net Margin
30.4%
=
Net Income
$68.5m
/
Revenue
$225.7m

Net Margin shows how much profit a company keeps from each dollar of sales after all expenses, including taxes and interest. It reflects the company`s overall profitability.

Net Margin
30.4%
=
Net Income
$68.5m
/
Revenue
$225.7m

Peer Comparison

Market Distribution

Higher than 92% of companies in the United States of America
Percentile
92nd
Based on 15 072 companies
92nd percentile
30.4%
Low
-4 418 600% — -9.6%
Typical Range
-9.6% — 11.3%
High
11.3% — 1 135 400%
Distribution Statistics
the United States of America
Min -4 418 600%
30th Percentile -9.6%
Median 3.1%
70th Percentile 11.3%
Max 1 135 400%

Other Profitability Ratios

Independent Bank Corp (Michigan)
Glance View

Market Cap
756.8m 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
44.29 USD
Undervaluation 17%
Intrinsic Value
Price
What is Intrinsic Value?

See Also

Summary
IBCP intrinsic value, competitors valuation, and company profile.
DCF Valuation
IBCP stock valuation using Discount Cash Flow valuation method.
Relative Valuation
IBCP stock valuation using valuation multiples.
Wall Street Estimates
IBCP price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
IBCP stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
Discover More
What is Net Margin?
Net Margin shows how much profit a company keeps from each dollar of sales after all expenses, including taxes and interest. It reflects the company`s overall profitability.
How is Net Margin calculated?

Net Margin is calculated by dividing the Net Income by the Revenue.

Net Margin
30.4%
=
Net Income
$68.5m
/
Revenue
$225.7m
What is Independent Bank Corp (Michigan)'s current Net Margin?

The current Net Margin for Independent Bank Corp (Michigan) is 30.4%, which is above its 3-year median of 29.3%.

How has Net Margin changed over time?

Over the last 3 years, Independent Bank Corp (Michigan)’s Net Margin has increased from 30% to 30.4%. During this period, it reached a low of 28% on Mar 31, 2023 and a high of 30.5% on Jun 30, 2024.

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