Independent Bank (IBCP) Revenue & Revenue Breakdown
Independent Bank Revenue Highlights
Latest Revenue (Y)
$294.56M
Latest Revenue (Q)
$81.63M
Main Segment (Y)
Interchange Income
Main Geography (Y)
Interchange Income
Independent Bank Revenue by Period
Independent Bank Revenue by Year
Date | Revenue | Change |
---|---|---|
2023-12-31 | $294.56M | 43.99% |
2022-12-31 | $204.57M | 2.78% |
2021-12-31 | $199.03M | 0.77% |
2020-12-31 | $197.52M | 20.37% |
2019-12-31 | $164.10M | 7.27% |
2018-12-31 | $152.97M | 19.13% |
2017-12-31 | $128.41M | 9.49% |
2016-12-31 | $117.28M | 8.02% |
2015-12-31 | $108.57M | 3.99% |
2014-12-31 | $104.40M | -6.58% |
2013-12-31 | $111.76M | -12.49% |
2012-12-31 | $127.71M | -9.73% |
2011-12-31 | $141.48M | -14.70% |
2010-12-31 | $165.86M | -15.92% |
2009-12-31 | $197.26M | 23.39% |
2008-12-31 | $159.87M | -4.69% |
2007-12-31 | $167.74M | 1.51% |
2006-12-31 | $165.25M | -7.48% |
2005-12-31 | $178.61M | 14.99% |
2004-12-31 | $155.33M | 12.68% |
2003-12-31 | $137.86M | 22.30% |
2002-12-31 | $112.72M | 6.35% |
2001-12-31 | $105.98M | 18.40% |
2000-12-31 | $89.51M | 6.43% |
1999-12-31 | $84.10M | 33.49% |
1998-12-31 | $63.00M | 23.29% |
1997-12-31 | $51.10M | 26.80% |
1996-12-31 | $40.30M | 26.33% |
1995-12-31 | $31.90M | 12.72% |
1994-12-31 | $28.30M | 17.92% |
1993-12-31 | $24.00M | - |
Independent Bank Revenue by Quarter
Date | Revenue | Change |
---|---|---|
2024-06-30 | $81.63M | 5.41% |
2024-03-31 | $77.44M | -2.12% |
2023-12-31 | $79.12M | 48.16% |
2023-09-30 | $53.40M | 2.51% |
2023-06-30 | $52.09M | 9.98% |
2023-03-31 | $47.37M | -5.93% |
2022-12-31 | $50.35M | 279616.67% |
2022-09-30 | $18.00K | -99.96% |
2022-06-30 | $48.78M | -3.27% |
2022-03-31 | $50.43M | 4.67% |
2021-12-31 | $48.18M | -6.46% |
2021-09-30 | $51.51M | 17.12% |
2021-06-30 | $43.98M | -20.12% |
2021-03-31 | $55.06M | 6.50% |
2020-12-31 | $51.70M | -9.66% |
2020-09-30 | $57.23M | 16.18% |
2020-06-30 | $49.26M | 25.28% |
2020-03-31 | $39.32M | -11.96% |
2019-12-31 | $44.67M | 7.92% |
2019-09-30 | $41.39M | 5.10% |
2019-06-30 | $39.38M | 1.87% |
2019-03-31 | $38.66M | 1.57% |
2018-12-31 | $38.06M | -6.04% |
2018-09-30 | $40.50M | 1.67% |
2018-06-30 | $39.84M | 15.88% |
2018-03-31 | $34.38M | -0.20% |
2017-12-31 | $34.45M | 6.63% |
2017-09-30 | $32.31M | 5.06% |
2017-06-30 | $30.75M | -0.51% |
2017-03-31 | $30.91M | -4.15% |
2016-12-31 | $32.25M | 6.09% |
2016-09-30 | $30.40M | 7.28% |
2016-06-30 | $28.33M | 7.73% |
2016-03-31 | $26.30M | -7.03% |
2015-12-31 | $28.29M | 6.88% |
2015-09-30 | $26.47M | -6.69% |
2015-06-30 | $28.37M | 11.49% |
2015-03-31 | $25.44M | 0.38% |
2014-12-31 | $25.35M | -6.21% |
2014-09-30 | $27.03M | 1.46% |
2014-06-30 | $26.64M | 4.92% |
2014-03-31 | $25.39M | -9.48% |
2013-12-31 | $28.05M | 4.10% |
2013-09-30 | $26.94M | -9.47% |
2013-06-30 | $29.76M | 10.23% |
2013-03-31 | $27.00M | 33.94% |
2012-12-31 | $20.16M | -43.99% |
2012-09-30 | $35.99M | 3.21% |
2012-06-30 | $34.87M | -4.94% |
2012-03-31 | $36.68M | 3.48% |
2011-12-31 | $35.45M | 7.34% |
2011-09-30 | $33.03M | -7.84% |
2011-06-30 | $35.84M | -3.92% |
2011-03-31 | $37.30M | -16.26% |
2010-12-31 | $44.55M | 13.21% |
2010-09-30 | $39.35M | -1.13% |
2010-06-30 | $39.80M | -5.61% |
2010-03-31 | $42.17M | -9.84% |
2009-12-31 | $46.77M | -2.65% |
2009-09-30 | $48.04M | -15.02% |
2009-06-30 | $56.53M | 23.09% |
2009-03-31 | $45.92M | 38.16% |
2008-12-31 | $33.24M | -15.62% |
2008-09-30 | $39.40M | -16.81% |
2008-06-30 | $47.36M | 18.76% |
2008-03-31 | $39.88M | -3.31% |
2007-12-31 | $41.24M | - |
Independent Bank Revenue Breakdown
Independent Bank Revenue Breakdown by Product
Annual Revenue by Product
Product/Service | Dec 21 | Dec 20 | Dec 19 | Dec 18 |
---|---|---|---|---|
Overdraft Fees | $8.43M | $5.63M | $7.59M | $8.29M |
Interchange Income | $14.04M | $11.23M | $10.30M | - |
Asset Management Revenue | $1.69M | $1.28M | $1.12M | - |
Account Service Charges | $1.13M | $2.02M | $2.10M | $2.15M |
Investment and Insurance Commissions | $2.60M | $1.97M | $1.66M | - |
Other Deposit Related Income | $2.28M | $2.31M | $2.79M | - |
Service Charges on Deposits | $10.17M | $8.52M | $11.21M | - |
Transaction Based Revenue | $914.00K | $688.00K | $535.00K | - |
ATM Fees | $1.11M | $1.17M | $1.37M | $1.42M |
Other | $819.00K | $769.00K | $965.00K | $941.00K |
Quarterly Revenue by Product
Product/Service | Mar 24 | Sep 23 | Jun 23 | Mar 23 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | Jun 19 | Mar 19 | Dec 18 |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Overdraft Fees | $2.19M | $2.09M | $2.42M | $2.26M | $2.49M | $2.50M | $2.51M | $2.69M | $2.70M | $1.83M | $1.21M | $1.50M | $1.37M | $1.02M | $1.74M | $2.01M | $1.97M | $1.88M | $1.73M | $2.11M |
Other | $250.00K | $247.00K | $262.00K | $247.00K | $239.00K | $237.00K | $251.00K | $267.00K | $179.00K | $175.00K | $198.00K | $192.00K | $184.00K | $157.00K | $236.00K | $262.00K | $240.00K | $212.00K | $251.00K | $285.00K |
Transaction Based Revenue | $311.00K | $388.00K | $284.00K | $385.00K | $316.00K | $229.00K | $269.00K | $246.00K | $234.00K | $233.00K | $201.00K | $147.00K | $195.00K | $146.00K | $200.00K | $161.00K | $158.00K | $173.00K | $43.00K | - |
ATM Fees | $383.00K | $457.00K | $449.00K | $329.00K | $318.00K | $310.00K | $277.00K | $292.00K | $336.00K | $213.00K | $268.00K | $277.00K | $320.00K | $276.00K | $300.00K | $327.00K | $373.00K | $346.00K | $322.00K | $346.00K |
Other Deposit Related Income | $748.00K | $826.00K | $836.00K | $676.00K | $644.00K | $625.00K | $622.00K | $655.00K | $602.00K | $462.00K | $561.00K | $565.00K | $600.00K | $510.00K | $633.00K | $711.00K | $713.00K | $656.00K | $710.00K | - |
Investment And Insurance Commissions | $804.00K | $876.00K | $743.00K | $827.00K | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Service Charges On Deposits | $2.87M | $3.31M | $3.13M | $2.86M | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
Interchange Income | $3.15M | $4.10M | $3.35M | $3.21M | $4.05M | $3.42M | $3.08M | $3.31M | $4.24M | $3.45M | $3.05M | $2.82M | $3.43M | $2.53M | $2.46M | $2.55M | $2.79M | $2.60M | $2.35M | - |
Asset Management Revenue | $493.00K | $488.00K | $459.00K | $442.00K | $433.00K | $453.00K | $469.00K | $462.00K | $444.00K | $401.00K | $383.00K | $346.00K | $335.00K | $289.00K | $313.00K | $300.00K | $292.00K | $277.00K | $254.00K | - |
Account Service Charges | $573.00K | $1.08M | $589.00K | $467.00K | $436.00K | $452.00K | $321.00K | $180.00K | $107.00K | $331.00K | $512.00K | $516.00K | $544.00K | $451.00K | $506.00K | $494.00K | $552.00K | $541.00K | $516.00K | $538.00K |
Investment and Insurance Commissions | - | - | - | - | $749.00K | $682.00K | $738.00K | $708.00K | $678.00K | $634.00K | $584.00K | $493.00K | $530.00K | $435.00K | $513.00K | $461.00K | $450.00K | $450.00K | $297.00K | - |
Service Charges on Deposits | - | - | - | - | $3.08M | $3.10M | $2.96M | $2.99M | $2.94M | $2.32M | $1.92M | $2.22M | $2.08M | $1.62M | $2.59M | $2.88M | $2.88M | $2.80M | $2.64M | - |
Independent Bank Revenue Breakdown by Country
Annual Revenue by Country
Country | Dec 21 | Dec 20 | Dec 19 | Dec 18 |
---|---|---|---|---|
ATM Fees | $1.11M | $1.17M | $1.37M | $1.42M |
Other | $819.00K | $769.00K | $965.00K | $941.00K |
Overdraft Fees | $8.43M | $5.63M | $7.59M | $8.29M |
Transaction Based Revenue | $914.00K | $688.00K | $535.00K | - |
Service Charges on Deposits | $10.17M | $8.52M | $11.21M | - |
Other Deposit Related Income | $2.28M | $2.31M | $2.79M | - |
Investment and Insurance Commissions | $2.60M | $1.97M | $1.66M | - |
Interchange Income | $14.04M | $11.23M | $10.30M | - |
Asset Management Revenue | $1.69M | $1.28M | $1.12M | - |
Account Service Charges | $1.13M | $2.02M | $2.10M | $2.15M |
Independent Bank Peer Comparison by Revenue
Ticker | Company | Last Year Revenue | Last Quarter Revenue |
---|---|---|---|
HFWA | Heritage Financial | $303.13M | $81.83M |
IBCP | Independent Bank | $294.56M | $81.63M |
HTBI | HomeTrust Bancshares | $186.37M | $73.53M |
HBCP | Home Bancorp | $178.87M | $49.13M |
FNWB | First Northwest Bancorp | $104.92M | $28.10M |
FFNW | First Financial Northwest | $80.93M | $20.02M |
CWBC | Community West Bancshares | $61.39M | $27.26M |
GSBC | Great Southern Bancorp | $46.29M | $84.15M |
HMNF | HMN Financial | $43.48M | $14.79M |
LSBK | Lake Shore Bancorp | $36.39M | $9.49M |
HFBL | Home Federal Bancorp, Inc. of Louisiana | $23.45M | $8.40M |
FCCO | First Community | $10.42M | $25.48M |
IBCP Revenue FAQ
What is Independent Bank’s yearly revenue?
Independent Bank's yearly revenue for 2023 was $294.56M, representing an increase of 43.99% compared to 2022. The company's yearly revenue for 2022 was $204.57M, representing an increase of 2.78% compared to 2021. IBCP's yearly revenue for 2021 was $199.03M, representing an increase of 0.77% compared to 2020.
What is Independent Bank’s quarterly revenue?
Independent Bank's quarterly revenue for Q2 2024 was $81.63M, a 5.41% increase from the previous quarter (Q1 2024), and a 56.71% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $77.44M, a -2.12% decrease from the previous quarter (Q4 2023), and a 63.50% increase year-over-year (Q1 2023). IBCP's quarterly revenue for Q4 2023 was $79.12M, a 48.16% increase from the previous quarter (Q3 2023), and a 57.14% increase year-over-year (Q4 2022).
What is Independent Bank’s revenue growth rate?
Independent Bank's revenue growth rate for the last 3 years (2021-2023) was 47.99%, and for the last 5 years (2019-2023) was 79.50%.
What are Independent Bank’s revenue streams?
Independent Bank's revenue streams in c 21 are Overdraft Fees, Interchange Income, Asset Management Revenue, Account Service Charges, Investment and Insurance Commissions, Other Deposit Related Income, Service Charges on Deposits, Transaction Based Revenue, ATM Fees, and Other. Overdraft Fees generated $8.43M in revenue, accounting 19.52% of the company's total revenue, up 49.83% year-over-year. Interchange Income generated $14.04M in revenue, accounting 32.52% of the company's total revenue, up 25.07% year-over-year. Asset Management Revenue generated $1.69M in revenue, accounting 3.91% of the company's total revenue, up 31.64% year-over-year. Account Service Charges generated $1.13M in revenue, accounting 2.62% of the company's total revenue, down -43.98% year-over-year. Investment and Insurance Commissions generated $2.6M in revenue, accounting 6.03% of the company's total revenue, up 32.06% year-over-year. Other Deposit Related Income generated $2.28M in revenue, accounting 5.28% of the company's total revenue, down -1.21% year-over-year. Service Charges on Deposits generated $10.17M in revenue, accounting 23.55% of the company's total revenue, up 19.41% year-over-year. Transaction Based Revenue generated $914K in revenue, accounting 2.12% of the company's total revenue, up 32.85% year-over-year. ATM Fees generated $1.11M in revenue, accounting 2.57% of the company's total revenue, down -5.46% year-over-year. Other generated $819K in revenue, accounting 1.90% of the company's total revenue, up 6.50% year-over-year.
What is Independent Bank’s main source of revenue?
For the fiscal year ending Dec 21, the largest source of revenue of Independent Bank was Interchange Income. This segment made a revenue of $14.04M, representing 32.52% of the company's total revenue.