Independent Bank (IBCP) Operating Expenses (2011 - 2026)
Independent Bank's (IBCP) quarterly Operating Expenses came in at $37.8 million in Q2 2026, up 11.99% year-over-year from $33.8 million in Q2 2025, and down 1.31% quarter-over-quarter from $38.3 million in Q1 2026.
Independent Bank (IBCP) Operating Expenses (2011 - 2026) Analysis & Trends
Independent Bank has disclosed Operating Expenses across 16 years of filings, most recently posting $37.8 million for Q2 2026.
- In Q2 2026, Operating Expenses rose 11.99% year-over-year to $37.8 million; the TTM figure through Jun 2026 stood at $146.3 million (up 6.35% YoY), while the FY2025 annual figure was $138.2 million, up 2.32% from the prior year.
- Operating Expenses came in at $37.8 million for Q2 2026 at Independent Bank, down from $38.3 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $38.3 million in Q1 2026 to a low of $31.0 million in Q1 2023.
- Average Operating Expenses over 5 years is $33.6 million, with a median of $32.5 million recorded in 2022.
- Year-over-year, Operating Expenses fell 6.22% in 2022 and rose 16.03% in 2024.
- Over 5 years, Operating Expenses stood at $32.1 million in 2022, then slipped by 0.66% to $31.9 million in 2023, then rose by 16.03% to $37.0 million in 2024, then dropped by 2.46% to $36.1 million in 2025, then increased by 4.8% to $37.8 million in 2026.
- Per Business Quant data, the three most recent Operating Expenses figures were $37.8 million in Q2 2026, $38.3 million in Q1 2026, and $36.1 million in Q4 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 424.88 Bn | 544.83 Bn | - | -259.95 Bn |
| 2 | Truist Financial | 59.29 Bn | 59.29 Bn | - | 3.06 Bn |
| 3 | Fifth Third Bancorp | 47.98 Bn | 24.26 Bn | - | 2.11 Bn |
| 4 | M&T Bank | 32.82 Bn | 32.82 Bn | - | 1.35 Bn |
| 5 | Huntington Bancshares | 32.08 Bn | 27.60 Bn | - | 1.81 Bn |
| 6 | Citizens Financial | 28.34 Bn | 28.34 Bn | - | 1.39 Bn |
| 7 | Regions Financial | 24.27 Bn | 24.34 Bn | - | 1.12 Bn |
| 8 | Keycorp | 22.19 Bn | -25.51 Bn | - | 1.22 Bn |
| 9 | First Citizens Bancshares | 21.93 Bn | 21.41 Bn | 29.00 Mn | 1.55 Bn |
| 10 | Independent Bank | 746.43 Mn | 580.98 Mn | - | 37.81 Mn |
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 |
Independent Bank 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_KEY
import 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();