Independent Bank Corporation (IBCP) Earnings History
Annual and quarterly earnings data from 1989 to 2025
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IBCP EPS Growth (CAGR)
Compound annual growth rate of diluted earnings per share
CAGR (Compound Annual Growth Rate) shows the annualized growth rate of EPS over the specified period. A higher CAGR indicates stronger earnings momentum.
IBCP Profitability Analysis
Margin trends over time
| Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| 2025 | 69.6% | 25.8% | 21.7% |
| 2024 | 66.9% | 26.3% | 21.1% |
| 2023 | 68.3% | 26.0% | 20.8% |
| 2022 | 88.7% | 34.7% | 28.3% |
| 2021 | 96.3% | 37.3% | 30.4% |
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Independent Bank Corporation (IBCP) Earnings Overview
As of May 6, 2026, Independent Bank Corporation (IBCP) reported trailing twelve-month net income of $69M, reflecting +3.5% year-over-year growth. The company earned $3.29 per diluted share over the past four quarters, with a net profit margin of 21.7%.
Looking at the long-term picture, IBCP's 5-year EPS compound annual growth rate (CAGR) stands at +5.3%, showing solid earnings momentum. The company achieved its highest annual net income of $78M in fiscal 2013.
Independent Bank Corporation maintains industry-leading profitability with a gross margin of 69.6%, operating margin of 25.8%, and net margin of 21.7%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including MBWM ($89M net income, 23.9% margin), CZWI ($14M net income, 16.0% margin), UVSP ($91M net income, 17.5% margin), IBCP has room to improve margins relative to the peer group. Compare IBCP vs MBWM →
IBCP Earnings vs Peers
Earnings metrics vs comparable public companies
IBCP Historical Earnings Data (1989–2025)
37 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $69M | +2.6% | $81M | $3.27 | 21.7% | 25.8% |
| 2024 | $67M | +13.1% | $83M | $3.16 | 21.1% | 26.3% |
| 2023 | $59M | -6.8% | $74M | $2.79 | 20.8% | 26.0% |
| 2022 | $63M | +0.7% | $78M | $2.97 | 28.3% | 34.7% |
| 2021 | $63M | +12.0% | $77M | $2.88 | 30.4% | 37.3% |
| 2020 | $56M | +20.9% | $69M | $2.53 | 26.2% | 32.4% |
| 2019 | $46M | +16.6% | $58M | $2.00 | 24.3% | 30.3% |
| 2018 | $40M | +94.6% | $49M | $1.68 | 23.3% | 28.8% |
| 2017 | $20M | -10.1% | $38M | $0.95 | 14.8% | 27.8% |
| 2016 | $23M | +13.7% | $33M | $1.05 | 18.3% | 26.5% |
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Start ComparisonIBCP — Frequently Asked Questions
Quick answers to the most common questions about buying IBCP stock.
Is IBCP growing earnings?
IBCP EPS of $3.29 reflects slowing growth at +3.5%, below the 5-year CAGR of +5.3%. TTM net income is $69M. Expansion rate has moderated.
What are IBCP's profit margins?
Independent Bank Corporation net margin is +21.7%, with operating margin at +25.8%. Above-average margins indicate pricing power.
How consistent are IBCP's earnings?
IBCP earnings data spans 1989-2025. The current earnings trend is +3.5% YoY. Historical data enables comparison across business cycles.