INDB Independent Bank margins

Relative Growth: Rel. Growth: 78

Relative Strength: Rel. Strength: 64

Relative Valuation: Rel. Valuation: 72

Relative Profitability: Rel. Profitability: 83

Gross margin

100%

Operating margin

36.9%

EBITDA margin

41.5%

Net margin

28.6%

For this period, Independent Bank reports a gross margin of 100%, an operating margin of 36.9%, an EBITDA margin of 41.5%, and a net margin of 28.6%. The biggest positive change was in operating margin, increasing 0.5 percentage points. The biggest negative change was in EBITDA margin, decreasing 0.8 percentage points.

INDB margin history

Gross, operating, EBITDA and net margin trends

Independent Bank's margins averaged 100% gross, 37.85% operating, 43.43% EBITDA, and 29.28% net during the last 3 years. Current figures show operating, EBITDA, and net margins are below their three-year averages.

INDB margin expansion

Year-over-year margin changes in percentage points

Independent Bank's operating margin expanded by 0.5 percentage points and net margin by 0.2 percentage points, but EBITDA margin contracted by 0.8 percentage points.

Gross margin expansion

0pp

Operating margin expansion

0.5pp

EBITDA margin expansion

-0.8pp

Net margin expansion

0.2pp

INDB Gross margin

Over the last 3 years, the average gross margin for Independent Bank was 100%. The latest gross margin for Independent Bank is 100%, in line with its three-year average. Independent Bank's gross margin ranged from a low of 100% in Dec 2023 to a high of 100% in Jun 2026.

INDB Operating margin

Independent Bank recorded an average operating margin of 37.85% across the last 3 years. Compared with its three-year average, Independent Bank's current operating margin is 36.9% and is 1 percentage points below its three-year average. Over the last 3 years, Independent Bank's operating margin peaked at 44.5% in Dec 2023 and reached a low of 32.3% in Sep 2025.

INDB EBITDA margin

Looking back over the last 3 years, Independent Bank recorded an average EBITDA margin of 43.43%. Currently, Independent Bank's current EBITDA margin is 41.5%, which is 1.9 percentage points below its three-year average. The highest EBITDA margin for Independent Bank was 49.6% in Dec 2023, while the lowest was 38.2% in Sep 2025.

INDB Net margin

Looking at the last 3 years, Independent Bank had an average net margin of 29.28%. As of the latest period, Independent Bank's current net margin is 28.6%, which is 0.7 percentage points below its three-year average. Looking back over the last 3 years, Independent Bank's net margin reached 33.8% at its highest point in Dec 2023 and 25.2% at its lowest in Sep 2025.

INDB margin group comparison

Margins compared with peer-group, industry and sector averages

Independent Bank's gross margin of 100% is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 83.7%, Independent Bank's gross margin is 19% higher.

INDB margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Independent Bank's gross margin?

For the period ending Jun 30, 2026, INDB recorded a gross margin of 100%.

What is Independent Bank's operating margin?

For the period ending Jun 30, 2026, INDB recorded an operating margin of 36.9%.

What is Independent Bank's EBITDA margin?

For the period ending Jun 30, 2026, INDB recorded an EBITDA margin of 41.5%.

What is Independent Bank's net margin?

For the period ending Jun 30, 2026, INDB recorded a net margin of 28.6%.

What are the average margins of INDB?

Over the last 3 years, Independent Bank's margins averaged 100.0% gross, 37.9% operating, 43.4% EBITDA, and 29.3% net.

What are the highest historical margins of INDB?

Over this 5-year history, INDB peaked at 100% gross in Jun 2026, 48.8% operating in Mar 2023, 54% EBITDA in Mar 2023, and 37% net in Mar 2023.

What are the lowest historical margins of INDB?

Within the 5-year period, INDB recorded its lowest margins at 100% gross in Dec 2021, 32% operating in Dec 2021, 38.2% EBITDA in Sep 2025, and 24.7% net in Dec 2021.