Independent Bank (IBCP) Rent Expense (2011 - 2026)
Independent Bank (IBCP) posted Rent Expense of $2.4 million for Q1 2026, up 11.15% sequentially from $2.2 million in Q4 2025, and up 8.55% YoY from $2.2 million in Q1 2025.
Independent Bank (IBCP) Rent Expense (2011 - 2026) Analysis & Trends
Independent Bank has reported Rent Expense for 16 years, with the latest figure at $2.4 million in Q1 2026.
- Quarterly Rent Expense rose 8.55% year-over-year to $2.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $8.8 million (up 10.08% YoY) and the FY2025 annual result came in at $8.6 million, up 9.75% from the prior year.
- Rent Expense grew to $2.4 million in Q1 2026 per IBCP's latest filing, from $2.2 million in the prior quarter.
- Over five years, Rent Expense peaked at $2.5 million in Q1 2022 and troughed at $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.
- The sharpest annual moves came in 2023 and 2025: Rent Expense fell 15.1% in 2023, then rose 12.36% in 2025.
- Over 5 years, Rent Expense stood at $2.2 million in 2022, then retreated by 13.12% to $1.9 million in 2023, then rose by 1.03% to $2.0 million in 2024, then advanced by 11.16% to $2.2 million in 2025, then grew 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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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.66 Bn | 84.46 Bn | - | - |
| 2 | Pnc Financial Services | 97.86 Bn | 97.86 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 96.39 Bn | 96.39 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 74.92 Bn | -144.17 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.22 Bn | -81.10 Bn | - | - |
| 7 | Nu Holdings | 70.34 Bn | 56.66 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.75 Bn | 61.75 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.88 Bn | 26.16 Bn | - | 154.00 Mn |
| 10 | Independent Bank | 764.20 Mn | 598.75 Mn | - | 2.07 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.07 Mn |
| Jun 30, 2026 | 2.07 Mn |
| Mar 31, 2026 | 2.41 Mn |
| Mar 31, 2026 | 2.41 Mn |
| Dec 31, 2025 | 2.17 Mn |
| Dec 31, 2025 | 2.17 Mn |
| Sep 30, 2025 | 2.13 Mn |
| Sep 30, 2025 | 2.13 Mn |
| Jun 30, 2025 | 2.05 Mn |
| Jun 30, 2025 | 2.05 Mn |
| Mar 31, 2025 | 2.22 Mn |
| Mar 31, 2025 | 2.22 Mn |
| Dec 31, 2024 | 1.95 Mn |
| Dec 31, 2024 | 1.95 Mn |
| Sep 30, 2024 | 1.89 Mn |
| Sep 30, 2024 | 1.89 Mn |
| Jun 30, 2024 | 1.89 Mn |
| Jun 30, 2024 | 1.89 Mn |
| Mar 31, 2024 | 2.07 Mn |
| Mar 31, 2024 | 2.07 Mn |