Independent Bank Revenue, Growth & Competitor Profile

DBA I-BANK

Company Profile & Annual Report for Independent Bank

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Independent Bank Fast Facts

Revenue	$100 - $500 million    See Exact Annual Revenue
Employees	100 - 500Exact Company Size
Primary Industry	52211 Commercial Banking
Address	5050 Poplar Ave Ste 2200 Memphis, TN 38157

Note: Revenues for privately held companies are statistical evaluations.


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 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.

Independent Bank's Income Statement (based on Industry Averages)

Independent Bank P&L	$ Millions
Revenue (Sales)
Cost of Goods Sold
Gross Profit
Operating Expenses
Advertising
Salaries and wages
Other Operating Expenses
Total Operating Expenses
Operating Income
EBITDA
EBIT (Earnings Before Interest and Taxes)
Net Profit

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)
FIRST HORIZON BANK	Memphis, TN	100
INDEPENDENT BANK	Memphis, TN	3
ORION FEDERAL CREDIT UNION	Memphis, TN	3
FIRST SOUTH FINANCIAL CREDIT UNION	Bartlett, TN	2
FEDEX EMPLOYEES CREDIT ASSOCIATION FCU	Memphis, TN	2
TRIUMPH BANCSHARES	Memphis, TN	2

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)