Independent Bank Revenue, Growth & Competitor Profile

DBA INDEPENDENT BANK CORP /MI/

Company Profile & Annual Report for Independent Bank

Access the complete profile.

Independent Bank Fast Facts

Revenue	$100 - $500 million    See Exact Annual Revenue
Employees	500 - 1,000Exact Company Size
Primary Industry	52211 Commercial Banking
Additional NAICS Codes	551111 Offices of Bank Holding Companies
Address	4200 E Beltline Ave Ne Grand Rapids, MI 49525

Independent Bank's Annual Report & Profile shows critical firmographic facts:

• What is the company's size? (Annual sales and employees)
  • Independent Bank's annual revenues are $100 - $500 million (see exact revenue data)
• What industry is the company in?
  • Independent Bank is classified as operating in the Commercial Banking industry, NAICS Code 52211.

Independent Bank is a publicly traded company on NMS using the ticker symbol IBCP. Detailed information on company financials and operating reports can be found here: NMS: IBCP

Independent Bank Annual Revenue and Growth Rate

Independent Bank	Revenue Est. ($ Million)	Growth Rate (%)	# Employees
2023	$100 - $500 million Details in Premium Report
2022
2021
2020
2019

1-Year Growth Rate: 3-Year Growth Rate (CAGR):

Note: Independent Bank's revenues are gauged from an analysis of company filings.

Trademark Applications

Trademark applications show the products and services that Independent Bank is developing and marketing. Independent Bank's new tradmarks suggest it is investing in R&D and marketing, while expanding into new products or markets. Trademarks may include brand names, product names, logos and slogans.

Trademark	Date
BE INDEPENDENT BANK Banking services; Online banking services; Internet banking services; Mobile banking services; Checking account banking services; Savings account banking services; Checking and savings banking services; ATM banking services; Credit card services; Mortgage lending services; Personal loan services; Commercial lending services; Auto loan services	11/27/2023
BE INDEPENDENT Banking services; Online banking services; Internet banking services; Mobile banking services; Checking account banking services; Savings account banking services; Checking and savings banking services; ATM banking services; Credit card services; Mortgage lending services; Personal loan services; Commercial lending services; Auto loan services	11/27/2023
INDEPENDENT BANK Banking services; Online banking services; Internet banking services; Mobile banking services; Checking account banking services; Savings account banking services; Checking and savings banking services; ATM banking services; Credit card services; Mortgage lending services; Personal loan services; Commercial lending services; Auto loan services	11/27/2023

See all trademarks and details in the Full Report.

Market Share of Independent Bank's Largest Competitors

A competitive analysis shows these companies are in the same general field as Independent Bank, even though they may not compete head-to-head. These are the largest companies by revenue. However, they may not have the largest market share in this industry if they have diversified into other business lines. The "Competition" section of a business plan or investment memorandum would start by analyzing the information about these companies. Competitive advantage comes from offering better pricing or superior products/service.

Company	Headquarters	Revenue ($ MM)
JPMORGAN CHASE BANK NATIONAL ASSOCIATION	Jersey City, NJ	100
SOUTH DAKOTA BANKERS ASSOCIATION	Pierre, SD	72
PNC FINANCIAL SERVICES GROUP	Pittsburgh, PA	20
U.S. BANCORP	Minneapolis, MN	17
TRUIST FINANCIAL	Charlotte, NC	13
MUFG BANK	New York, NY	10
TD BANK	Falmouth, ME	9
FIRST-CITIZENS BANK & TRUST	Raleigh, NC	7
FEDERAL HOME LOAN BANK OF DES MOINES	Des Moines, IA	6

Nearby Competitors

These companies are similar in business line and location to Independent Bank. While some companies compete with neighboring businesses for customers, other companies may compete to attract skilled employees.

Company	Headquarters	Revenue ($ MM)
LAKE MICHIGAN CREDIT UNION	Grand Rapids, MI	100
NORTHPOINTE BANK	Grand Rapids, MI	51
MERCANTILE BANK	Grand Rapids, MI	44
INDEPENDENT BANK	Grand Rapids, MI	29
UNITED BANK OF MICHIGAN	Grand Rapids, MI	10
MEMBER FIRST MORTGAGE	Grand Rapids, MI	8

Future Competition: Independent Bank's Fastest Growing Competitors

These companies are in the same general field as Independent Bank and are rapidly expanding. Companies may grow organically or through acquisition. In some cases apparently high growth rates may be caused by data that weren't available in previous years.

Company	Revenue ($ MM)