Independent Bank Corp /Mi/ (IBCP) Net Margin (2011 - 2026)
Independent Bank (IBCP) reported Net Margin of 29.74% for Q2 2026, down 0.43 percentage points from 30.17% a year earlier but up 1.09 percentage points from the prior quarter.
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Analysis
Independent Bank Corp /Mi/ (IBCP) Net Margin (2011 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Independent Bank's Net Margin came in at 30.18%, up 1.20 percentage points year-over-year; for FY2025, it came in at 30.37%, up 0.37 percentage points from FY2024.
- Net Margin has a five-year change of +2.90 percentage points (FY2020 to FY2025).
- By year, Net Margin came in at 30.00% in FY2024 (+1.47 pp), 28.53% in FY2023 (-1.42 pp), 29.96% in FY2022 (-0.51 pp) and 30.47% in FY2021 (+2.99 pp).
- Five-year quarterly Net Margin spans a low of 24.99% in Q4 2021 and a high of 34.59% in Q1 2022.
- Year over year, Net Margin gained in three of the last eight quarters, with an average year-over-year change of -0.26 percentage points.
- The high point for year-over-year Net Margin in five years was Q2 2024 (a gain of 5.27 percentage points); the low point was Q1 2023 (a drop of 8.07 percentage points).
- Per Business Quant data, the three quarters before Q2 2026 came in at 28.65% (Q1 2026), 31.85% (Q4 2025) and 30.55% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 29.74% |
| Mar 31, 2026 | 28.65% |
| Dec 31, 2025 | 31.85% |
| Sep 30, 2025 | 30.55% |
| Jun 30, 2025 | 30.17% |
| Mar 31, 2025 | 28.81% |
| Dec 31, 2024 | 29.79% |
| Sep 30, 2024 | 26.89% |
| Jun 30, 2024 | 32.78% |
| Mar 31, 2024 | 30.31% |
| Dec 31, 2023 | 27.93% |
| Sep 30, 2023 | 31.87% |
| Jun 30, 2023 | 27.51% |
| Mar 31, 2023 | 26.52% |
| Dec 31, 2022 | 28.97% |
| Sep 30, 2022 | 30.47% |
| Jun 30, 2022 | 25.65% |
| Mar 31, 2022 | 34.59% |
| Dec 31, 2021 | 24.99% |
| Sep 30, 2021 | 29.84% |
API Access
Independent Bank Corp /Mi/ Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=IBCP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "IBCP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=IBCP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();