Independent Bank Corp /Mi/ (IBCP) Capital Expenditures (2010 - 2026)
Independent Bank's Capital Expenditures came in at $3.56 million for Q2 2026, up 56.3% from $2.28 million a year earlier but down 22.7% from the prior quarter.
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Analysis
Independent Bank Corp /Mi/ (IBCP) Capital Expenditures (2010 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Independent Bank reported Capital Expenditures of $11.26 million, up 26.5% year-over-year; for FY2025, it came in at $6.49 million, down 18.3% from FY2024.
- Capital Expenditures carries a five-year compound annual growth rate of 8.2% (FY2020 to FY2025).
- Going back by year, Capital Expenditures was $7.95 million in FY2024 (+32.0%), $6.02 million in FY2023 (+6.1%), $5.68 million in FY2022 (-2.7%) and $5.84 million in FY2021 (+33.2%).
- The five-year range for quarterly Capital Expenditures is $585,000 (Q2 2022) to $4.61 million (Q1 2026).
- Year-over-year, Capital Expenditures increased in seven of the last eight quarters, with growth averaging 72.1%.
- The fastest year-over-year change in Capital Expenditures over five years came in Q1 2026 (growth of 310.8%), and the weakest in Q4 2025 (a decline of 64.2%).
- Business Quant data shows IBCP's Capital Expenditures at $4.61 million (Q1 2026), $1.44 million (Q4 2025) and $1.66 million (Q3 2025) in the three quarters before Q2 2026.
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Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.56 Mn |
| Mar 31, 2026 | 4.61 Mn |
| Dec 31, 2025 | 1.44 Mn |
| Sep 30, 2025 | 1.66 Mn |
| Jun 30, 2025 | 2.28 Mn |
| Mar 31, 2025 | 1.12 Mn |
| Dec 31, 2024 | 4.01 Mn |
| Sep 30, 2024 | 1.49 Mn |
| Jun 30, 2024 | 1.77 Mn |
| Mar 31, 2024 | 676,000.00 |
| Dec 31, 2023 | 1.51 Mn |
| Sep 30, 2023 | 1.44 Mn |
| Jun 30, 2023 | 1.75 Mn |
| Mar 31, 2023 | 1.33 Mn |
| Dec 31, 2022 | 1.71 Mn |
| Sep 30, 2022 | 1.00 Mn |
| Jun 30, 2022 | 585,000.00 |
| Mar 31, 2022 | 2.38 Mn |
| Dec 31, 2021 | 1.30 Mn |
| Sep 30, 2021 | 1.46 Mn |
API Access
Independent Bank Corp /Mi/ Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=IBCP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "IBCP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=IBCP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();