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

Independent Bank has disclosed Rent Expense across 16 years of filings, most recently posting $2.4 million for Q1 2026.

• Rent Expense for Q1 2026 came in at $2.4 million, up 8.55% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.8 million (up 10.08% YoY), and the FY2025 annual result was $8.6 million, up 9.75% from the prior year.
• Rent Expense came in at $2.4 million for Q1 2026 at Independent Bank, up from $2.2 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.
• The 5-year median for Rent Expense is $2.1 million (2024), against an average of $2.1 million.
• Across the five-year window, Rent Expense dropped 15.1% in 2023 and grew 12.36% in 2025, its largest moves.
• Independent Bank's 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 advanced by 11.15% to $2.4 million in 2026.
• The last three Rent Expense figures came in at $2.4 million (Q1 2026), $2.2 million (Q4 2025), and $2.1 million (Q3 2025), per Business Quant data.