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Company Profiles: Revenue, Growth, Competition

INDEPENDENT BANK Revenue, Growth & Competitor Profile

DBA INDEPENDENT BANK CORP /MI/
Last updated:

Company Awards

Fast Growing
Fastest Growing
Big Fish
Big Fish
Brain Power (IP)
Patent/Trademark IP
 

Company Profile & Annual Report for Independent Bank

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Independent Bank Fast Facts

Revenue$100 - $500 million    See Exact Annual Revenue
Employees500 - 1,000Exact Company Size
Primary Industry5221 Depository Credit Intermediation
Address4200 East Beltline Avenue
Grand Rapids, MI 49525

independentbank.com


Independent Bank's annual revenues are $100-$500 million (see exact revenue data) and has 500-1,000 employees. It is classified as operating in the Depository Credit Intermediation industry.


Independent Bank's Annual Report & Profile shows critical firmographic facts:
  • What is the company's size? (Annual sales and employees)
  • What industry is the company in?

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



Independent Bank Annual Revenue and Growth Rate

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


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

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.


Recession Risk

Determine whether Independent Bank grew or shrank during the last recession. This is useful in estimating the financial strength and credit risk of the company. Compare how recession-proof Independent Bank is relative to the industry overall. While a new recession may strike a particular industry, measuring the industry and company's robustness during the last recession estimates its ability to weather future recessions.



U.S. Industry Overview & Market Statistics:
Depository Credit Intermediation

Publisher: AnythingResearch

  • Market Size
  • Growth Rate
  • 5-Year Market Forecast
  • Average Company Size & Growth
  • Salary & Compensation Benchmarks



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 HeadquartersRevenue ($ MM)
CAPITOL FEDERAL FOUNDATIONTopeka, KS100 
JPMORGAN CHASE BANK NATIONAL ASSOCIATIONJersey City, NJ68 
SOUTH DAKOTA BANKERS ASSOCIATIONPierre, SD49 
PNC FINANCIAL SERVICES GROUPPittsburgh, PA14 
U.S. BANCORPWashington, DC11 
TRUIST FINANCIALCharlotte, NC9 
SIERRA PACIFIC POWERReno, NV7 
MUFG BANKNew York, NY7 
TD BANKFalmouth, ME6 




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 HeadquartersRevenue ($ MM)
LAKE MICHIGAN CREDIT UNIONGrand Rapids, MI100 
NORTHPOINTE BANKGrand Rapids, MI51 
MERCANTILE BANKGrand Rapids, MI44 
INDEPENDENT BANKGrand Rapids, MI26 
UNITED BANK OF MICHIGANGrand Rapids, MI10 
MEMBER FIRST MORTGAGEGrand Rapids, MI8 




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.

CompanyRevenue ($ MM)
Independent Bank Competitors