Independent Bank (IBCP) revenue breakdown
By product, Interchange Income is the largest at 43% of fiscal 2025 revenue; Investment and Insurance Commissions grew fastest, 9% a year over 7 years.
Revenue by product
Fiscal years, as Independent Bank reports them in its 10-K filings; fiscal 2025 total $32M.
| Products | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Share |
|---|---|---|---|---|---|---|---|---|---|
| Interchange Income | $10M | $10M | $11M | $14M | $14M | $14M | $14M | $14M | 43% |
| Service Charges on Deposit Accounts | $12M | $11M | $9M | $10M | $12M | $12M | $12M | $12M | 37% |
| Investment and Insurance Commissions | $2M | $2M | $2M | $3M | $3M | $3M | $3M | $4M | 11% |
| Other Deposit Related Income | $3M | $3M | $2M | $2M | $3M | $3M | $3M | $3M | 8% |
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Where does Independent Bank make its money?
In fiscal 2025, by product: Interchange Income $14M, Service Charges on Deposit Accounts $12M, Investment and Insurance Commissions $4M, Other Deposit Related Income $3M.
From Independent Bank's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.