In the Q1, Independent Bank Corporation's corporate clients experienced a reduction by -6.37 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -12.03 %. During the corresponding time, Independent Bank Corporation recorded a revenue increase by 9.65 % year on year, sequentially revenue grew by 3.82 %. While revenue at the Independent Bank Corporation's corporate clients fell by -7.76 % year on year, sequentially revenue fell by -12.26 %.
Customers of Independent Bank Corporation saw their costs of revenue decrease by -6.37 % in Q1 compare to a year ago, sequentially costs of revenue were trimmed by -12.03 %, for the same period Independent Bank Corporation recorded revenue increase by 9.65 % year on year, sequentially revenue grew by 3.82 %.
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.
Sources:
Independent Bank Corporation’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: Independent Bank Corporation’s corporate clients.
For your research, we’ve provided 9 tables on Independent Bank Corporation corporate clients.
You can find them in the navigation menu under Customers & Markets.
To download the tables, please subscribe.
Intraday data delayed per exchange requirements. All quotes are in local exchange time. Intraday data delayed 15 minutes for Nasdaq, and other exchanges. Fundamental and financial data for Stocks, Sector, Industry, and Economic Indicators provided by CSIMarket.com
Disclaimer: Information provided by CSIMarket.com is for informational purposes only and does not constitute investment advice, recommendation, or solicitation to buy or sell any security.
5.01 %