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
179.5% / 216.2%
FY2021-FY2025
Trend
+2.3%
vs FY2024
Sector context
#18 of 272
Financials
What the data says
Among 272 Financials companies, INDEPENDENT BANK CORP /MI/ is in the top 7% for profit margin. Improved from 179.5% to 213.7% over the past 2 years.
Based on SEC 10-K filings.
213.7% in FY2025 with a 5-year CAGR of -20.0%. 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
- +13.5pp
- 5-Year Change
- -20.0pp
- 10-Year Change
- -
Sector benchmark
Top 7% in FinancialsTop 7% of 272This company 213.7% Sector average 71.5%
▼
+198.7% above sector average
Key checks
Key Insights
- In FY2025, profit margin increased 2.3% year-over-year.
- Currently 142.1pp above the Financials sector average.
- Peak profit margin was recorded in FY2020.
- Lowest profit margin in the period was in FY2018.
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% | -10.3% |
| FY2022 | 200.2% | -7.4% |
| FY2021 | 216.2% | -7.5% |
| FY2020 | 233.7% | +30.6% |
| FY2019 | 178.9% | +21.8% |
| FY2018 | 146.9% | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026