Company / Revenue
INDEPENDENT BANK CORP /MI/ Revenue History
FY2018-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Revenue
$32.1M
FY2025
5-year range
$29.1M / $32.9M
FY2021-FY2025
Trend
+0.3%
vs FY2024
Sector context
#262 of 274
Financials
What the data says
Among 274 Financials companies, INDEPENDENT BANK CORP /MI/ is in the bottom 4% for revenue. Revenue has fluctuated over the past 8 years, ranging from $24M in FY2020 to $33M in FY2023.
Based on SEC 10-K filings.
$32M in FY2025 with a 5-year CAGR of +5.9%.
Declined from $33M to $32M over the past 2 years.
Financials sector context is included.
Revenue over time
Growth rates
- 3-Year CAGR
- +0.5%
- 5-Year CAGR
- +5.9%
- 10-Year CAGR
- -
Sector benchmark
Bottom 4% in FinancialsTop 96% of 274This company $32.1M Sector average $10.8B
▼
-99.7% below sector average
Key checks
Key Insights
- 5-year CAGR of +5.9%, indicating consistent growth.
- In FY2025, revenue increased 0.3% year-over-year.
- Ranks #262 out of 274 companies in the Financials sector.
- Peak revenue was recorded in FY2023.
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 | RevenueValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $32.1M | +0.3% |
| FY2024 | $32.0M | -2.8% |
| FY2023 | $32.9M | +4.0% |
| FY2022 | $31.6M | +8.7% |
| FY2021 | $29.1M | +21.1% |
| FY2020 | $24.0M | -7.4% |
| FY2019 | $26.0M | -4.3% |
| FY2018 | $27.1M | - |
| FY2017 | - | - |
| FY2016 | - | - |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026