How many employees work at Independent Bank Corp. (Michigan)?
Independent Bank Corp. (Michigan) (IBCP) has approximately 876 total employees worldwide as of December 2025, according to Revelio Labs workforce intelligence data. Independent Bank Corp. (Michigan)'s total headcount has declined 4.5% from 918 employees in 2023 to 876 in 2025.
Data source: Revelio LabsCoverage: Global workforce, 2023–2026Published June 2026
Is Independent Bank Corp. (Michigan) hiring right now?
Yes, Independent Bank Corp. (Michigan) is actively hiring. Independent Bank Corp. (Michigan) had 20 active job postings in 2025, a 104.8% decline from 2024 — see job openings & hiring trends.
About Independent Bank Corp. (Michigan)'s Workforce
Independent Bank Corp. (Michigan) is a Financial Services company that is based in Grand Rapids, Michigan, founded in 1864, and trades on the NASDAQ. It employs 876 people as of December 2025 and ranks as the 11th-largest by headcount among its peers.
Independent Bank Corp. (Michigan)'s workforce declined 4.5% from 2023 to 2025, and year over year in 2025 it fell 0.4%. The headcount reached a low of 876 in 2025 Q4 before recovering. The company’s workforce is concentrated in the United States (97.6%), with India at 0.4% and the United Kingdom at 0.3%, and India is noted as the fastest-growing location.
Independent Bank Corp. (Michigan)'s three largest groups by headcount are Finance and Operations (57%), Sales and Marketing (26%), and Engineering (16.9%), with Engineering the fastest-growing segment at 0.7%. The average tenure is 6.5 years, and the average salary across all employees is $83,659, with regional medians of $61,000 in Northern America and $5,000 in South-Eastern Asia.
Independent Bank Corp. (Michigan) has seen its hiring activity slow, with active postings down 104.8% year over year in 2025 to 20 postings in the latest quarter (2025 Q4). Postings per month declined from 59 in 2023 to 15 in 2025, and overall sentiment remains neutral but has been trending downward.
Sourced from Revelio Labs workforce data.
As of December 2025
Independent Bank Corp. (Michigan)
workforce metrics
Headcount
876
0.4% YoY
Avg. Salary
$83.7k
0.0% YoY
Tenure
6.5yr
0.1yr YoY
Growth Rate
-0.4%
1.5pts YoY
Hiring Rate
Attrition Rate
Unlock hiring rate, attrition rate, and 12 additional workforce metrics for Independent Bank Corp. (Michigan). Compare to peers, export the dataset, and access the full quarterly history.
- Independent Bank Corp. (Michigan) had 876 employees in 2025, a 0.4% decline (-4) from 2024.
- Independent Bank Corp. (Michigan) had 880 employees in 2024, a 1.9% decline (-17) from 2023.
- Independent Bank Corp. (Michigan) had 897 employees in 2023, a 2.6% decline (-23) from 2022.
Independent Bank Corp. (Michigan)'s total workforce has declined from 918 employees in 2023 to 876 in 2025.
Independent Bank Corp. (Michigan) — quarterly employee count (2023–2025)
| Year | Qtr | Employees | YoY Change | YoY % |
|---|---|---|---|---|
| 2025 | Q4 | 876 | -4 | -0.4% |
| 2025 | Q3 | 881 | -4 | -0.5% |
| 2025 | Q2 | 888 | -9 | -1.1% |
| 2025 | Q1 | 881 | -12 | -1.4% |
| 2024 | Q4 | 880 | -17 | -1.9% |
| 2024 | Q3 | 885 | -16 | -1.7% |
| 2024 | Q2 | 897 | -13 | -1.4% |
| 2024 | Q1 | 893 | -25 | -2.8% |
| 2023 | Q4 | 897 | -23 | -2.6% |
| 2023 | Q3 | 901 | -29 | -3.2% |
| 2023 | Q2 | 910 | -34 | -3.6% |
| 2023 | Q1 | 918 | -41 | -4.4% |
Want to see Independent Bank Corp. (Michigan)'s complete headcount history back to 2017, including quarterly breakdowns?
The United States accounts for the largest share of Independent Bank Corp. (Michigan)'s global workforce with approximately 98% of total employees, followed by India and the United Kingdom.
Independent Bank Corp. (Michigan) employees by country — 2025
| Country | Employees | % of Total | YoY % |
|---|---|---|---|
| United States | 849 | 97.6% | -1.2% |
| India | 4 | 0.4% | +0.0% |
| United Kingdom | 2 | 0.3% | +0.0% |
| Colombia | 2 | 0.2% | +0.0% |
| Canada | 2 | 0.2% | +0.0% |
| Australia | 1 | 0.2% | +0.0% |
| Indonesia | 1 | 0.1% | +0.0% |
| Switzerland | 1 | 0.1% | +0.0% |
| Iran | 1 | 0.1% | +0.0% |
| Malaysia | 1 | 0.1% | +0.0% |
Drill into city-level data, hiring trends by region and historic geographic shifts
Independent Bank Corp. (Michigan)'s largest employee groups are Finance and Operations (57.0%), Sales and Marketing (26.0%), and Engineering (16.9%).
Independent Bank Corp. (Michigan) employees by department — 2025
| Department | Employees | % of Total | YoY % |
|---|---|---|---|
| Finance and Operations | 489 | 57.0% | -1.6% |
| Sales and Marketing | 223 | 26.0% | -1.4% |
| Engineering | 145 | 16.9% | +0.7% |
Compare Independent Bank Corp. (Michigan)'s department mix to industry peers.
Independent Bank Corp. (Michigan)'s average employee salary is $83,659 globally. Employees in Northern America receive the highest compensation. Pay is lowest in South-Eastern Asia, at a median of $5,000.
Independent Bank Corp. (Michigan) median employee salary by region — 2025 (USD)
| Region | Median Salary |
|---|---|
| Western Europe | $83,000 |
| Northern America | $61,000 |
| Northern Europe | $40,000 |
| Central America and the Caribbean | $19,000 |
| Southern America | $18,000 |
| Southern Asia | $15,000 |
| South-Eastern Asia | $5,000 |
Unlock salary by role, level, and city — and compare to Independent Bank Corp. (Michigan)'s industry peers.
- Independent Bank Corp. (Michigan) had 20 active job postings in 2025, a 104.8% decline (-44) from 2024.
- Independent Bank Corp. (Michigan) had 64 active job postings in 2024, a 52.0% decline (-45) from 2023.
- Independent Bank Corp. (Michigan) had 109 active job postings in 2023, a 4.7% increase from 2022.
- Hiring velocity in 2025: 15 new roles/month, down from 52 in 2024 and 59 in 2023. New metric
Independent Bank Corp. (Michigan)'s hiring is slowing: active job postings fell 104.8% in 2025 to 20, with new postings per month cooling from 59 in 2023 to 15 in 2025.
Track new postings per month, role-level demand, and hiring velocity vs. peers.
Revelio Labs tracks employee sentiment across Independent Bank Corp. (Michigan)'s workforce based on public professional data. Overall sentiment is neutral and has declined year over year in 2025.
Overall
Unlock the full sentiment breakdown by department, tenure, and trend over time.
Similar Financial Services Companies by Employee Count
- How fast is Independent Bank Corp. (Michigan) growing?
- In 2025, Independent Bank Corp. (Michigan)'s headcount shrank 0.4% to 876 employees, down from 880 in 2024.
- Where are Independent Bank Corp. (Michigan) employees located?
- Most Independent Bank Corp. (Michigan) employees are based in the United States (97.6% of headcount), followed by India and the United Kingdom.
- What is the average salary at Independent Bank Corp. (Michigan)?
- The average employee salary at Independent Bank Corp. (Michigan) is approximately $83.7k per year.
- How many people does Independent Bank Corp. (Michigan) hire per year?
- In 2025, Independent Bank Corp. (Michigan) opened roughly 180 new roles — about 15 per month.
- When was Independent Bank Corp. (Michigan) founded and where is it headquartered?
- Independent Bank Corp. (Michigan) was founded in 1864 and is headquartered in Grand Rapids, Michigan.
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