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

Independent Bank (IBCP) has 16 years of Rent Expense data on file, last reported at $2.4 million in Q1 2026.

• For the quarter ending Q1 2026, Rent Expense rose 8.55% year-over-year to $2.4 million; the trailing twelve-month figure through Mar 2026 stood at $8.8 million (up 10.08% YoY), and the FY2025 full-year result was $8.6 million, up 9.75% from the prior year.
• Rent Expense grew to $2.4 million in Q1 2026, 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 dropped 15.1% in 2023 and grew 12.36% in 2025, its largest moves.
• Tracing IBCP's Rent Expense over 5 years: stood at $2.2 million in 2022, then dropped by 13.12% to $1.9 million in 2023, then climbed by 1.03% to $2.0 million in 2024, then increased by 11.16% to $2.2 million in 2025, then gained by 11.15% to $2.4 million in 2026.
• Business Quant data shows IBCP's Rent Expense at $2.4 million in Q1 2026, $2.2 million in Q4 2025, and $2.1 million in Q3 2025.