Independent Bank Corp /Mi/ (IBCP) Tax Rate (2013 - 2026)
Independent Bank's Tax Rate was 17.20% in Q2 2026, down 1.19 percentage points from 18.38% a year earlier but up 0.39 percentage points from the prior quarter.
Powered by 
Analysis
Independent Bank Corp /Mi/ (IBCP) Tax Rate (2013 - 2026) Analysis & Trends
On a trailing twelve-month basis, Independent Bank's Tax Rate was 15.09% through Jun 30, 2026, down 3.87 percentage points year-over-year; for FY2025, it was 15.68%, down 3.89 percentage points from FY2024.
- Tax Rate shows a five-year change of -3.50 percentage points (FY2020 to FY2025).
- In earlier years, Tax Rate was 19.57% in FY2024 (-0.25 pp), 19.83% in FY2023 (+1.27 pp), 18.56% in FY2022 (-0.09 pp) and 18.65% in FY2021 (-0.53 pp).
- Quarterly Tax Rate has moved between 8.56% (Q4 2025) and 23.42% (Q4 2023) over five years.
- Compared with a year earlier, Tax Rate has declined for seven straight quarters, with an average year-over-year change of -2.71 percentage points over the last eight quarters.
- The best year-over-year quarter for Tax Rate over five years was Q4 2023 (a gain of 4.58 percentage points); the worst was Q4 2025 (a drop of 10.36 percentage points).
- Per Business Quant data, IBCP's Tax Rate in the three quarters before Q2 2026 was 16.81% (Q1 2026), 8.56% (Q4 2025) and 17.47% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.20% |
| Mar 31, 2026 | 16.81% |
| Dec 31, 2025 | 8.56% |
| Sep 30, 2025 | 17.47% |
| Jun 30, 2025 | 18.38% |
| Mar 31, 2025 | 18.49% |
| Dec 31, 2024 | 18.92% |
| Sep 30, 2024 | 20.24% |
| Jun 30, 2024 | 20.02% |
| Mar 31, 2024 | 19.32% |
| Dec 31, 2023 | 23.42% |
| Sep 30, 2023 | 18.98% |
| Jun 30, 2023 | 18.75% |
| Mar 31, 2023 | 18.27% |
| Dec 31, 2022 | 18.84% |
| Sep 30, 2022 | 18.83% |
| Jun 30, 2022 | 18.26% |
| Mar 31, 2022 | 18.60% |
| Dec 31, 2021 | 18.86% |
| Sep 30, 2021 | 18.83% |
API Access
Independent Bank Corp /Mi/ Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=IBCP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "IBCP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=IBCP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();