Independent Bank Corp.
Profit Margins
| Fiscal Year | Gross Margin | Operating Margin | Net Margin |
|---|---|---|---|
| FY2016 | — | 42.5% | 24.9% |
| FY2017 | — | 43.7% | 24.9% |
| FY2018 | — | 44.4% | 29.7% |
| FY2019 | — | 59.2% | 36.0% |
| FY2020 | — | 39.2% | 25.4% |
| FY2021 | — | 32.0% | 22.7% |
| FY2022 | — | 59.9% | 41.9% |
| FY2023 | — | 77.1% | 36.6% |
| FY2024 | — | 35.8% | 27.8% |
| FY2025 | — | 30.6% | 23.9% |