INDEPENDENT BANK CORPORATION
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2010 | — | 9.9% | -8.7% |
| FY2011 | — | -0.2% | -14.3% |
| FY2012 | — | 26.3% | 17.5% |
| FY2013 | — | 25.9% | 63.1% |
| FY2014 | — | 29.0% | 16.1% |
| FY2015 | — | 30.6% | 17.4% |
| FY2016 | — | 32.6% | 18.7% |
| FY2017 | — | 36.1% | 15.5% |
| FY2018 | — | 245.6% | 146.9% |
| FY2019 | — | 324.1% | 178.9% |