Basis: Trailing twelve months (TTM net income over TTM revenue). Source: stored company filings and market data; unavailable inputs remain N/A.
Is the net profit margin high or low?
The net profit margin of 22.71% is in line with its 5-year average of 23.09%, near the low end of its 5-year range (18.16%–34.47%).
0.55% above its 12-month average of 22.59%.
Reported quarterly profit margin; no daily interpolation. Q2 FY2026 (2026-06-30): 22.76%.
NET PROFIT MARGIN
22.71%
NET PROFIT MARGIN AVG TTM
22.59%
NET PROFIT MARGIN AVG 3Y
21.58%
NET PROFIT MARGIN AVG 5Y
23.09%
NET PROFIT MARGIN AVG 10Y
23.17%
NET PROFIT MARGIN AVG 15Y
21.10%
NET PROFIT MARGIN AVG 20Y
16.23%
CURRENT VS TTM AVG
+0.55%
CURRENT VS 3Y AVG
+5.25%
CURRENT VS 5Y AVG
-1.65%
CURRENT VS 10Y AVG
-1.97%
CURRENT VS 15Y AVG
+7.61%
CURRENT VS 20Y AVG
+39.92%
SECTOR MEDIAN · FINANCIAL SERVICES
13.02%
median of 697 covered companies
CURRENT VS SECTOR MEDIAN
+74.42%
vs the sector median at left
Independent Bank Corporation
Market Cap
$739.10M
Net Profit Margin
22.71%
TTM Avg
22.59%
3Y Avg
21.58%
5Y Avg
23.09%
Market Cap
$742.67M
Net Profit Margin
0.00%
TTM Avg
0.00%
3Y Avg
0.00%
5Y Avg
0.00%
Market Cap
$744.47M
Net Profit Margin
-19.43%
TTM Avg
-9.16%
3Y Avg
-4.11%
5Y Avg
2.38%
Market Cap
$731.46M
Net Profit Margin
15.53%
TTM Avg
44.21%
3Y Avg
50.90%
5Y Avg
49.53%
Market Cap
$731.08M
Net Profit Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$729.45M
Net Profit Margin
14.51%
TTM Avg
2.34%
3Y Avg
11.44%
5Y Avg
17.17%
Market Cap
$728.56M
Net Profit Margin
N/A
TTM Avg
N/A
3Y Avg
N/A
5Y Avg
N/A
Market Cap
$728.51M
Net Profit Margin
-28.24%
TTM Avg
23.14%
3Y Avg
26.85%
5Y Avg
34.06%
Market Cap
$722.46M
Net Profit Margin
52.34%
TTM Avg
60.31%
3Y Avg
60.41%
5Y Avg
62.56%
| NAME | MARKET CAP | NET PROFIT MARGIN | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Independent Bank Corporation (IBCP) | $739.10M | 22.71% | 22.59% | 21.58% | 23.09% |
| Armada Acquisition Corp. II (XRPN)vs › | $742.67M | 0.00% | 0.00% | 0.00% | 0.00% |
| PRA Group, Inc. (PRAA)vs › | $744.47M | -19.43% | -9.16% | -4.11% | 2.38% |
| Carlyle Secured Lending, Inc. (CGBD)vs › | $731.46M | 15.53% | 44.21% | 50.90% | 49.53% |
| OFS Credit Company, Inc. (OCCIM)vs › | $731.08M | N/A | N/A | N/A | N/A |
| Washington Trust Bancorp, Inc. (WASH)vs › | $729.45M | 14.51% | 2.34% | 11.44% | 17.17% |
| WisdomTree Artificial Intelligence and Innovation Fund (WTAI)vs › | $728.56M | N/A | N/A | N/A | N/A |
| New Mountain Finance Corporation 8.250% Notes due 2028 (NMFCZ)vs › | $728.51M | -28.24% | 23.14% | 26.85% | 34.06% |
| Fidus Investment Corporation (FDUS)vs › | $722.46M | 52.34% | 60.31% | 60.41% | 62.56% |
| Shore Bancshares, Inc. (SHBI)vs › | $760.45M | 19.12% | 15.40% | 14.57% | 16.50% |
Operating Margin
26.7%
Net Profit Margin
22.7%
Net Profit Margin = Net Income / Revenue
Net profit margin is the percentage of revenue that becomes net income after all expenses, taxes, and interest.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | NET PROFIT MARGIN |
|---|---|
| 2026-06-30 | 22.76% |
| 2026-03-31 | 22.62% |
| 2025-12-31 | 23.40% |
| 2025-09-30 | 22.05% |
| 2025-06-30 | 22.11% |
| 2025-03-31 | 20.86% |
| 2024-12-31 | 21.84% |
| 2024-09-30 | 18.16% |
| 2024-06-30 | 23.23% |
| 2024-03-31 | 21.00% |
| 2023-12-31 | 18.85% |
| 2023-09-30 | 22.96% |
| 2023-06-30 | 20.67% |
| 2023-03-31 | 20.67% |
| 2022-12-31 | 24.84% |
| 2022-09-30 | 28.79% |
| 2022-06-30 | 25.45% |
| 2022-03-31 | 34.47% |
| 2021-12-31 | 24.97% |
| 2021-09-30 | 29.77% |
| 2021-06-30 | 26.81% |
| 2021-03-31 | 38.40% |
| 2020-12-31 | 29.88% |
| 2020-09-30 | 32.40% |
| 2020-06-30 | 28.17% |
| 2020-03-31 | 10.79% |
| 2019-12-31 | 27.21% |
| 2019-09-30 | 25.83% |
| 2019-06-30 | 23.24% |
| 2019-03-31 | 20.72% |
| 2018-12-31 | 22.52% |
| 2018-09-30 | 26.48% |
| 2018-06-30 | 20.01% |
| 2018-03-31 | 24.60% |
| 2017-12-31 | 4.62% |
| 2017-09-30 | 19.65% |
| 2017-06-30 | 18.04% |
| 2017-03-31 | 18.20% |
| 2016-12-31 | 17.14% |
| 2016-09-30 | 19.67% |
| 2016-06-30 | 21.60% |
| 2016-03-31 | 14.70% |
| 2015-12-31 | 18.69% |
| 2015-09-30 | 18.08% |
| 2015-06-30 | 18.86% |
| 2015-03-31 | 14.05% |
| 2014-12-31 | 14.38% |
| 2014-09-30 | 17.05% |
| 2014-06-30 | 21.27% |
| 2014-03-31 | 11.54% |
| 2013-12-31 | 15.91% |
| 2013-09-30 | 12.00% |
| 2013-06-30 | 197.46% |
| 2013-03-31 | 19.75% |
| 2012-12-31 | 51.80% |
| 2012-09-30 | 18.29% |
| 2012-06-30 | 12.67% |
| 2012-03-31 | 9.91% |
| 2011-12-31 | -22.22% |
| 2011-09-30 | -11.01% |
| 2011-06-30 | 0.09% |
| 2011-03-31 | -17.04% |
| 2010-12-31 | -7.99% |
| 2010-09-30 | -13.72% |
| 2010-06-30 | 15.72% |
| 2010-03-31 | -25.75% |
| 2009-12-31 | -81.88% |
| 2009-09-30 | -30.18% |
| 2009-06-30 | -7.46% |
| 2009-03-31 | -31.44% |
| 2008-12-31 | -182.47% |
| 2008-09-30 | -9.50% |
| 2008-06-30 | 5.11% |
| 2008-03-31 | 0.55% |
| 2007-12-31 | 3.63% |
| 2007-09-30 | 5.44% |
| 2007-06-30 | -0.06% |
| 2007-03-31 | 6.43% |
| 2006-12-31 | 0.57% |
| 2006-09-30 | 15.18% |
| 2006-06-30 | 16.28% |
| 2006-03-31 | 20.23% |
| 2005-12-31 | 17.63% |
| 2005-09-30 | 18.98% |
| 2005-06-30 | 19.69% |
| 2005-03-31 | 19.69% |
| 2004-12-31 | 20.03% |
| 2004-09-30 | 19.00% |
| 2004-06-30 | 18.33% |
| 2004-03-31 | 19.61% |
| 2003-12-31 | 20.15% |
| 2003-09-30 | 21.60% |
| 2003-06-30 | 19.91% |
| 2003-03-31 | 20.98% |
| 2002-12-31 | 18.76% |
| 2002-09-30 | 17.95% |
