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Independent Bank Corporation  (IBCP)
Other Ticker:  
 
    Sector  Financial    Industry Regional Banks
   Industry Regional Banks
   Sector  Financial
 

Independent Bank's Customers Performance

IBCP

 
IBCP's Source of Revenues Independent Bank's Corporate Customers have recorded an advance in their cost of revenue by 1.46 % in the 4 quarter 2023 year on year, sequentially costs of revenue grew by 1.53 %. During the corresponding time, Independent Bank Corporation revenue deteriorated by -1.69 % year on year, sequentially revenue fell by -7.2 %. While revenue at the Independent Bank Corporation's corporate clients fell by -2.23 % year on year, sequentially revenue fell by -4.1 %.

List of IBCP Customers




Independent Bank's Customers have recorded an advance in their cost of revenue by 1.46 % in the 4 quarter 2023 year on year, sequentially costs of revenue grew by 1.53 %, for the same period Independent Bank Corporation revnue deteriorated by -1.69 % year on year, sequentially revnue fell by -7.2 %.

List of IBCP Customers


   
Customers Net Income fell in Q4 by Customers Net margin fell to %
-4.36 % 11.29 %



Independent Bank's Customers, Q4 2023 Revenue Growth By Industry
Customers in Construction Services Industry -1.2 %   
Customers in Life Insurance Industry      0.84 %
Customers in Property & Casualty Insurance Industry -5.76 %   
Customers in Miscellaneous Financial Services Industry      33.33 %
     
• Customers Valuation • Customers Mgmt. Effect.


Independent Bank's Comment on Sales, Marketing and Customers



The Bank’s market area is attractive and entry into the market by financial institutions previously not competing in the market area may continue to occur which could impact the Bank’s growth or profitability. The Bank’s market area is generally comprised of Eastern Massachusetts, including Cape Cod, and Rhode Island.





Independent Bank's Comment on Sales, Marketing and Customers


The Bank’s market area is attractive and entry into the market by financial institutions previously not competing in the market area may continue to occur which could impact the Bank’s growth or profitability. The Bank’s market area is generally comprised of Eastern Massachusetts, including Cape Cod, and Rhode Island.








IBCP's vs. Customers, Data

(Revenue and Income for Trailing 12 Months, in Millions of $, except Employees)



COMPANY NAME MARKET CAP REVENUES INCOME EMPLOYEES
Independent Bank Corporation 511.07 200.80 59.07 1,051
Arch Capital Group Ltd 35,026.96 13,634.00 4,442.00 5,200
American International Group Inc 56,728.19 46,802.00 3,878.00 36,600
Achari Ventures Holdings Corp I 35.36 855.20 -2.25 214
Beazer Homes Usa Inc 967.26 2,147.69 156.01 1,063
Century Communities Inc 2,990.25 3,727.03 194.24 510
Mr Cooper Group Inc 5,189.04 1,794.00 500.00 7,200
D r Horton Inc 55,239.44 35,928.60 4,782.60 13,237
Essent Group Ltd 6,169.98 1,109.76 696.39 366
Genworth Financial Inc 2,889.64 7,488.00 139.00 5,300
Green Brick Partners Inc 2,682.95 1,758.42 287.48 0
Hovnanian Enterprises Inc 993.03 2,463.18 132.53 0
Kb Home 5,950.46 6,410.63 590.18 1,590
Lennar Corp 49,333.22 34,233.37 3,961.29 9,495
Lgi Homes Inc 2,665.67 2,358.58 199.23 390
Mbia Inc 317.79 95.00 -407.00 252
M d c Holdings Inc 4,762.79 4,520.11 401.01 0
Mi Homes Inc 3,667.23 4,033.50 465.37 1,008
Mgic Investment Corp 6,402.22 1,155.10 712.95 800
Meritage Homes Corporation 6,185.02 1,518.56 738.75 1,409
Nmi Holdings Inc 2,622.18 579.00 322.11 243
Nobility Homes Inc 109.02 64.82 11.32 129
Nvr Inc 27,018.67 9,518.20 1,591.61 6,600
Radian Group Inc 5,189.70 1,240.59 603.12 1,881
Taylor Morrison Home Corp 6,656.13 7,901.79 871.98 113
Toll Brothers Inc 13,974.92 9,994.94 1,372.07 3,900
Tri Pointe Homes Inc 3,666.15 4,167.88 349.20 1,036
Vanjia Corporation 165.60 0.02 0.07 1
SUBTOTAL 307,598.87 205,499.95 26,989.23 98,537


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