Independent Bank (Michigan)
IBCP
$25.10
Share price
2.47%
Change (1 day)
45.00%
Change (1 year)
Categories
Operating Margin for Independent Bank (Michigan) (IBCP)
Operating Margin as of April 2024 (TTM): 35.49%
According to Independent Bank (Michigan)'s latest financial reports and stock price the company's current Operating Margin is 35.49%. At the end of 2022 the company had an Operating Margin of 38.02%.
Operating Margin history for Independent Bank (Michigan) from 2001 to 2023
Operating Margin at the end of each year
| Year | Operating Margin | Change |
|---|---|---|
| 2022 | 38.02% | -2.11% |
| 2021 | 38.84% | 10.43% |
| 2020 | 35.18% | -0.06% |
| 2019 | 35.20% | 9.59% |
| 2018 | 32.12% | 7.3% |
| 2017 | 29.93% | 6.7% |
| 2016 | 28.05% | 3.67% |
| 2015 | 27.06% | 12.04% |
| 2014 | 24.15% | 19.13% |
| 2013 | 20.27% | -1.17% |
| 2012 | 20.51% | -242.19% |
| 2011 | -14.43% | 30.77% |
| 2010 | -11.03% | -76.71% |
| 2009 | -47.37% | -14.53% |
| 2008 | -55.42% | -1150.16% |
| 2007 | 5.28% | -80.83% |
| 2006 | 27.53% | -24.5% |
| 2005 | 36.46% | 8.17% |
| 2004 | 33.70% | -9.46% |
| 2003 | 37.23% | 2.69% |
| 2002 | 36.25% | 13.94% |
| 2001 | 31.82% |
Operating Margin for similar companies or competitors
| Company | Operating Margin | Operating Margin differencediff. | Country |
|---|---|---|---|
 Huntington Bancshares
HBAN | 39.14% | 10.28% | 🇺🇸 USA |
 Mercantile Bank MBWM | 42.63% | 20.12% | 🇺🇸 USA |
 Macatawa Bank MCBC | 51.64% | 45.51% | 🇺🇸 USA |
 1st Source
SRCE | 44.40% | 25.11% | 🇺🇸 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.