Independent Bank (IBCP) Tax Rate (2011 - 2026)

Independent Bank has disclosed Tax Rate across 15 years of filings, most recently posting 16.58% for Q1 2026.

• Tax Rate for Q1 2026 came in at 16.58%, down 172.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 15.25% (down 417.0% YoY), and the FY2025 annual result was 15.68%, down 389.0% from the prior year.
• Tax Rate came in at 16.58% for Q1 2026 at Independent Bank, up from 8.56% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 23.42% in Q4 2023 to a low of 8.56% in Q4 2025.
• The 5-year median for Tax Rate is 18.59% (2022), against an average of 18.32%.
• Across the five-year window, Tax Rate jumped 440 bps in 2023 and slumped 1057 bps in 2025, its largest moves.
• Independent Bank's Tax Rate stood at 19.03% in 2022, then gained by 23 bps to 23.42% in 2023, then dropped by 18 bps to 19.13% in 2024, then plunged by 55 bps to 8.56% in 2025, then soared by 94 bps to 16.58% in 2026.
• The last three Tax Rate figures came in at 16.58% (Q1 2026), 8.56% (Q4 2025), and 17.35% (Q3 2025), per Business Quant data.