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

Independent Bank's Rent Expense history runs 16 years deep, the most recent figure standing at $2.4 million for Q1 2026.

• In Q1 2026, Rent Expense rose 8.55% year-over-year to $2.4 million; the TTM figure through Mar 2026 stood at $8.8 million (up 10.08% YoY), while the FY2025 annual figure 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.
• A 5-year average of $2.1 million and a median of $2.1 million in 2024 frame the typical range for Rent Expense.
• Across the five-year window, Rent Expense declined 15.1% in 2023 and increased 12.36% in 2025, its largest moves.
• Independent Bank's Rent Expense stood at $2.2 million in 2022, then fell by 13.12% to $1.9 million in 2023, then increased by 1.03% to $2.0 million in 2024, then gained by 11.16% to $2.2 million in 2025, then climbed by 11.15% to $2.4 million in 2026.
• According to Business Quant data, Rent Expense over the past three periods registered $2.4 million, $2.2 million, and $2.1 million for Q1 2026, Q4 2025, and Q3 2025 respectively.

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