Independent Bank Corp (Massachusetts)
INDB
$52.73
Share price
0.73%
Change (1 day)
-5.50%
Change (1 year)
Categories
Operating Margin for Independent Bank Corp (Massachusetts) (INDB)
Operating Margin as of April 2024 (TTM): 47.16%
According to Independent Bank Corp (Massachusetts)'s latest financial reports and stock price the company's current Operating Margin is 47.16%. At the end of 2022 the company had an Operating Margin of 47.77%.
Operating Margin history for Independent Bank Corp (Massachusetts) from 2001 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 47.77% | 54.72% |
| 2021 | 30.88% | -3.54% |
| 2020 | 32.01% | -25.38% |
| 2019 | 42.90% | 6.38% |
| 2018 | 40.33% | 2.45% |
| 2017 | 39.36% | 8.95% |
| 2016 | 36.13% | 13.49% |
| 2015 | 31.83% | 0.67% |
| 2014 | 31.62% | 18.36% |
| 2013 | 26.71% | 9.47% |
| 2012 | 24.40% | -14.3% |
| 2011 | 28.48% | 14.45% |
| 2010 | 24.88% | 58.05% |
| 2009 | 15.74% | -24.91% |
| 2008 | 20.97% | -27.67% |
| 2007 | 28.99% | -21.28% |
| 2006 | 36.82% | 1.33% |
| 2005 | 36.34% | 3.28% |
| 2004 | 35.18% | 3.59% |
| 2003 | 33.96% | 12.17% |
| 2002 | 30.28% | 4.1% |
| 2001 | 29.08% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 Washington Trust Bancorp WASH | 39.82% | -15.56% | 🇺🇸 USA |
 Union Bankshares UNB | 31.85% | -32.46% | 🇺🇸 USA |
 Northeast Bank NBN | 54.66% | 15.90% | 🇺🇸 USA |
 Enterprise Bancorp EBTC | 32.36% | -31.38% | 🇺🇸 USA |
 Century BanCorp CNBKA | N/A | N/A | 🇺🇸 USA |
 Brookline Bancorp BRKL | 32.86% | -30.32% | 🇺🇸 USA |
 Boston Private BPFH | N/A | N/A | 🇺🇸 USA |
 Bar Harbor Bankshares
BHB | 38.64% | -18.07% | 🇺🇸 USA |
 Webster Financial WBS | 44.18% | -6.32% | 🇺🇸 USA |
What is a company's Operating Margin
The operating margin is a key indicator to assess the profitability of a company. Higher operating margins are generaly better as they show that a company is able to sell its products or services for much more than their production costs. The operating margin is calculated by dividing a company's earnings by its revenue.