Independent Bank Corporation (IBCP) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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IBCP Revenue Growth
Revenue Breakdown (FY 2021)
IBCP's revenue distribution by segment and geography for fiscal year 2021
By Product/Segment
IBCP Revenue Analysis (2014–2025)
As of May 6, 2026, Independent Bank Corporation (IBCP) generated trailing twelve-month (TTM) revenue of $309.8 million, reflecting moderate decline in growth of -6.1% year-over-year. The most recent quarter (Q4 2025) recorded $79.4 million in revenue, down 0.0% sequentially.
Looking at the longer-term picture, IBCP's 5-year compound annual growth rate (CAGR) stands at +8.0%, indicating steady revenue expansion. The company achieved its highest annual revenue of $316.3 million in 2024.
Revenue diversification analysis shows IBCP's business is primarily driven by Interchange Income (33%), Service Charges on Deposits (24%), and Overdraft Fees (20%).
When compared to Financial Services sector peers including MBWM, CZWI, and UVSP. Compare IBCP vs MBWM →
IBCP Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| IBCPCurrent | $310M | -6.1% | +8.0% | 25.8% | |
 MBWM | $372M | - | - | 27.5% | |
 CZWI | $90M | - | - | 7.0% | |
 UVSP | $518M | - | - | 21.9% | |
 LKFN | $422M | - | - | 29.8% | |
 FFIN | $739M | - | - | 36.8% |
IBCP Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $315.4M | - | $219.5M | 69.6% | $81.3M | 25.8% |
| 2024 | $316.3M | - | $211.7M | 66.9% | $83.0M | 26.3% |
| 2023 | $283.8M | - | $193.8M | 68.3% | $73.7M | 26.0% |
| 2022 | $224.2M | - | $198.8M | 88.7% | $77.8M | 34.7% |
| 2021 | $207.1M | - | $199.5M | 96.3% | $77.3M | 37.3% |
| 2020 | $214.2M | - | $185.3M | 86.5% | $69.5M | 32.4% |
| 2019 | $190.8M | - | $163.3M | 85.6% | $57.8M | 30.3% |
| 2018 | $170.9M | - | $151.9M | 88.9% | $49.1M | 28.8% |
| 2017 | $138.1M | - | $127.7M | 92.5% | $38.4M | 27.8% |
| 2016 | $124.2M | - | $118.6M | 95.5% | $32.9M | 26.5% |
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Start ComparisonIBCP — Frequently Asked Questions
Quick answers to the most common questions about buying IBCP stock.
Is IBCP's revenue growth accelerating or slowing?
IBCP revenue declined -6.1% year-over-year, contrasting with the 5-year CAGR of +8.0%. TTM revenue fell to $310M. This reverses the prior growth trend.
What is IBCP's long-term revenue growth rate?
Independent Bank Corporation's 5-year revenue CAGR of +8.0% reflects the variable expansion pattern. Current YoY growth of -6.1% is below this long-term average.
How is IBCP's revenue distributed by segment?
IBCP reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.