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Top state commercial banks companies in Michigan, ranked by financial performance.
Michigan Sector Intelligence · Sprytne.com
In Michigan, the state commercial banks sector is led by INDEPENDENT BANK CORP /MI/ (IBCP) with $32.1M in annual revenue. The fastest-growing player is CHOICEONE FINANCIAL SERVICES INC at +48.6% YoY growth.
Based on the latest SEC EDGAR 10-K annual filings · Verified public data
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| Rank | Company | Revenue | Details |
|---|---|---|---|
| #1 | INDEPENDENT BANK CORP /MI/IBCP | $32.1M | YoY: +0.3% |
| #2 | CHOICEONE FINANCIAL SERVICES INCCOFS | $19.0M | YoY: +48.6% |
| #3 | ISABELLA BANK CORPISBA | $5.7M | YoY: +5.0% |
| Rank | Company | YoY Growth | Details |
|---|---|---|---|
| #1 | CHOICEONE FINANCIAL SERVICES INCCOFS | +48.6% | Revenue: $19.0M |
| #2 | INDEPENDENT BANK CORP /MI/IBCP | +0.3% | Revenue: $32.1M |
| Rank | Company | Net Income | Details |
|---|---|---|---|
| #1 | MERCANTILE BANK CORPMBWM | $88.8M | — |
| #2 | NORTHPOINTE BANCSHARES INCNPB | $83.4M | — |
| #3 | CHOICEONE FINANCIAL SERVICES INCCOFS | $28.2M | Margin: 148.3% |
| #4 | ISABELLA BANK CORPISBA | $18.9M | Margin: 334.4% |
| #5 | INDEPENDENT BANK CORP /MI/IBCP | $15.6M | Margin: 48.6% |