Independent Bank's Corporate Customers have recorded an advance in their cost of revenue by 7.04 % in the 3 quarter 2026 year on year, sequentially costs of revenue grew by 51.38 %. During the corresponding time, Independent Bank Corporation recorded a revenue increase by 19.8 % year on year, sequentially revenue grew by 9.48 %. While revenue at the Independent Bank Corporation's corporate clients recorded rose by 32.79 % year on year, sequentially revenue grew by 39.19 %.
Independent Bank's Customers have recorded an advance in their cost of revenue by 7.04 % in the 3 quarter 2026 year on year, sequentially costs of revenue grew by 51.38 %, for the same period Independent Bank Corporation recorded revenue increase by 19.8 % year on year, sequentially revenue grew by 9.48 %.
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.
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