Independent Bank Corp /Mi/ (IBCP) Operating Expenses (2011 - 2026)
Independent Bank's Operating Expenses came in at $37.81 million for Q2 2026, up 12.0% from $33.76 million a year earlier but down 1.3% from the prior quarter.
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Analysis
Independent Bank Corp /Mi/ (IBCP) Operating Expenses (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Independent Bank reported Operating Expenses of $146.33 million, up 6.3% year-over-year; for FY2025, it was $138.23 million, up 2.3% from FY2024.
- Operating Expenses carries a five-year compound annual growth rate of 2.5% (FY2020 to FY2025).
- Going back by year, Operating Expenses was $135.1 million in FY2024 (+6.3%), $127.12 million in FY2023 (-1.0%), $128.34 million in FY2022 (-2.0%) and $131.02 million in FY2021 (+7.0%).
- The five-year range for quarterly Operating Expenses is $30.96 million (Q1 2023) to $38.31 million (Q1 2026).
- Year-over-year, Operating Expenses increased in seven of the last eight quarters, with growth averaging 6.4%.
- The fastest year-over-year change in Operating Expenses over five years came in Q4 2024 (growth of 16.0%), and the weakest in Q3 2022 (a decline of 6.2%).
- Business Quant data shows IBCP's Operating Expenses at $38.31 million (Q1 2026), $36.08 million (Q4 2025) and $34.13 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 | 37.81 Mn |
| Mar 31, 2026 | 38.31 Mn |
| Dec 31, 2025 | 36.08 Mn |
| Sep 30, 2025 | 34.13 Mn |
| Jun 30, 2025 | 33.76 Mn |
| Mar 31, 2025 | 34.26 Mn |
| Dec 31, 2024 | 36.99 Mn |
| Sep 30, 2024 | 32.58 Mn |
| Jun 30, 2024 | 33.33 Mn |
| Mar 31, 2024 | 32.19 Mn |
| Dec 31, 2023 | 31.88 Mn |
| Sep 30, 2023 | 32.04 Mn |
| Jun 30, 2023 | 32.25 Mn |
| Mar 31, 2023 | 30.96 Mn |
| Dec 31, 2022 | 32.09 Mn |
| Sep 30, 2022 | 32.37 Mn |
| Jun 30, 2022 | 32.43 Mn |
| Mar 31, 2022 | 31.45 Mn |
| Dec 31, 2021 | 33.95 Mn |
| Sep 30, 2021 | 34.51 Mn |
API Access
Independent Bank Corp /Mi/ Operating Expenses 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=operating-expenses&ticker=IBCP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=IBCP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();