Company / Profit Margin
INDEPENDENT BANK CORP /MI/ Profit Margin History
FY2018-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Profit Margin
213.7%
FY2025
5-year range
178.9% / 233.7%
FY2021-FY2025
Trend
+2.3%
vs FY2024
Sector context
#18 of 280
Financials
What the data says
Among 280 Financials companies, INDEPENDENT BANK CORP /MI/ is in the top 6% for profit margin. Profit Margin has fluctuated over the past 8 years, ranging from 75.5% in FY2019 to 233.7% in FY2022.
Based on SEC 10-K filings.
213.7% in FY2025 with a 5-year CAGR of +66.8%. Top quartile in the Financials sector.
Improved from 179.5% to 213.7% over the past 2 years.
Financials sector context is included.
Profit Margin over time
Growth rates
- 3-Year Change
- -20.0pp
- 5-Year Change
- +66.8pp
- 10-Year Change
- -
Sector benchmark
Top 6% in FinancialsTop 6% of 280This company 213.7% Sector average 69.8%
▼
+206.2% above sector average
Key checks
Key Insights
- In FY2025, profit margin increased 2.3% year-over-year.
- Currently 143.9pp above the Financials sector average.
- Peak profit margin was recorded in FY2022.
- Lowest profit margin in the period was in FY2019.
Company context
Key Data Points
- Altman Z-Score 0.09 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Profit MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | 213.7% | +2.3% |
| FY2024 | 208.9% | +16.3% |
| FY2023 | 179.5% | -23.2% |
| FY2022 | 233.7% | +30.6% |
| FY2021 | 178.9% | +21.8% |
| FY2020 | 146.9% | +94.6% |
| FY2019 | 75.5% | -10.1% |
| FY2018 | 83.9% | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026