Independent Bank (IBCP) Rent Expense (2011 - 2026)

Independent Bank has disclosed Rent Expense across 16 years of filings, most recently posting $2.1 million for Q2 2026.

• In Q2 2026, Rent Expense rose 1.32% year-over-year to $2.1 million; the TTM figure through Jun 2026 stood at $8.8 million (up 8.24% YoY), while the FY2025 annual figure was $8.6 million, up 9.75% from the prior year.
• Rent Expense came in at $2.1 million for Q2 2026 at Independent Bank, down from $2.4 million in the prior quarter.
• In the past five years, Rent Expense ranged from a high of $2.5 million in Q1 2022 to a low of $1.8 million in Q2 2023.
• Average Rent Expense over 5 years is $2.1 million, with a median of $2.1 million recorded in 2024.
• Year-over-year, Rent Expense declined 15.1% in 2023 and increased 12.36% in 2025.
• Over 5 years, Rent Expense stood at $2.2 million in 2022, then declined by 13.12% to $1.9 million in 2023, then grew by 1.03% to $2.0 million in 2024, then rose by 11.16% to $2.2 million in 2025, then declined by 4.51% to $2.1 million in 2026.
• Per Business Quant data, the three most recent Rent Expense figures were $2.1 million in Q2 2026, $2.4 million in Q1 2026, and $2.2 million in Q4 2025.