How many employees does Independent Bank Corporation have?

Independent Bank Corporation reported 735 employees for the fiscal year ending Dec 2025, in the annual report it filed on March 6, 2026. That is up 0.4% from a year earlier.

What is Independent Bank Corporation's revenue per employee?

Independent Bank Corporation brought in $315M of revenue in fiscal Dec 2025, which is $429K per employee. That ranks 148 of 182 companies we track in Banks - Regional, where the median is $558K.

Where do these numbers come from?

Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

Company data

Independent Bank Corporation employees and revenue per employee

IBCP · Banks - Regional · $729M market cap

Independent Bank Corporation had 735 employees at the end of fiscal Dec 2025, up 0.4% from a year earlier. Revenue for the year was $315M, down 0.3% from a year earlier, or $429K per employee. Revenue fell while headcount grew.

Employees

735

+0.4% YoY

Revenue

$315M

-0.3% YoY

Revenue / employee

$429K

Peer median $558K

Rank in industry

148 of 182

Banks - Regional

Headcount against revenue

Both lines start at 100 in the first year we hold, so you can see which one grew faster.

EmployeesRevenueIndexed to 100 in Dec 2016

Hover a year for the numbers.

IBCP employees and revenue by fiscal year
Year ending	Employees	Revenue	Per employee	Staff YoY	Revenue YoY
Dec 2025	735	$315M	$429K	+0.4%	-0.3%
Dec 2024	732	$316M	$432K	-1.2%	+11.5%
Dec 2023	741	$284M	$383K	-7.7%	+26.6%
Dec 2022	803	$224M	$279K	-7.3%	+8.3%
Dec 2021	866	$207M	$239K	+1.4%	-3.3%
Dec 2020	854	$214M	$251K	+0.7%	+12.3%
Dec 2019	848	$191M	$225K	+2.2%	+11.6%
Dec 2018	830	$171M	$206K	+9.8%	+23.8%
Dec 2017	756	$138M	$183K	+2.6%	+11.2%
Dec 2016	737	$124M	$168K	—	—

Open roles: we have not matched a verified job board for this company yet.

Employees, last six fiscal years

Revenue per employee, last six fiscal years

Independent Bank Corporation against similar companies

The closest industry peers by revenue, from Banks - Regional.

Company	Employees	Revenue	Revenue / employee	Shape
NBBK NB Bancorp, Inc. Common Stock	526	$317M	$603K	Hiring ahead
NEWT NewtekOne, Inc.	572	$322M	$563K	Leaner
SMBK SmartFinancial, Inc.	581	$316M	$545K	Leaner
FRST Primis Financial Corp	593	$313M	$527K	Efficient growth
MPB Mid Penn Bancorp, Inc.	705	$327M	$464K	Hiring ahead
SMBC Southern Missouri Bancorp, Inc.	711	$317M	$445K	Efficient growth
IBCP Independent Bank Corporation	735	$315M	$429K	Hiring into decline
EQBK Equity Bancshares, Inc.	909	$314M	$346K	Hiring into decline
THFF First Financial Corporation	946	$326M	$345K	Efficient growth

Every Financial Services company

Questions about Independent Bank Corporation

How many employees does Independent Bank Corporation have?: Independent Bank Corporation reported 735 employees for the fiscal year ending Dec 2025, in the annual report it filed on March 6, 2026. That is up 0.4% from a year earlier.
What is Independent Bank Corporation's revenue per employee?: Independent Bank Corporation brought in $315M of revenue in fiscal Dec 2025, which is $429K per employee. That ranks 148 of 182 companies we track in Banks - Regional, where the median is $558K.
Where do these numbers come from?: Employee counts and revenue are taken from each company's own annual report (Form 10-K). Open roles are counted from the company's public job board where we have matched one. Companies report headcount once a year, sometimes rounded, so small changes can be noise.

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Source: employee counts and revenue as stated in Independent Bank Corporation's annual reports (Form 10-K), latest filed March 6, 2026. This is data, not a recommendation to buy or sell IBCP.