Independent Bank (IBCP) Tax Rate (2011 - 2026)
Independent Bank recorded quarterly Tax Rate of 16.58% in Q1 2026, up 93.7% quarter-over-quarter from 8.56% in Q4 2025, and down 172.0% year-over-year from 23.03% in Q1 2025.
Independent Bank's Tax Rate history runs 15 years deep, the most recent figure standing at 16.58% for Q1 2026.
- In Q1 2026, Tax Rate fell 172.0% year-over-year to 16.58%; the TTM figure through Mar 2026 stood at 15.25% (down 417.0% YoY), while the FY2025 annual figure 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.
- A 5-year average of 18.32% and a median of 18.59% in 2022 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate surged 440 bps in 2023 and sank 1057 bps in 2025, its largest moves.
- Independent Bank's Tax Rate stood at 19.03% in 2022, then advanced by 23 bps to 23.42% in 2023, then declined by 18 bps to 19.13% in 2024, then tumbled by 55 bps to 8.56% in 2025, then jumped by 94 bps to 16.58% in 2026.
- According to Business Quant data, Tax Rate over the past three periods registered 16.58%, 8.56%, and 17.35% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | - |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | - |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | 19.21 |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | 19.83 |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | 28.76 |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | 0.05 |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | 18.98 |
| 10 | Independent Bank | 697.49 Mn | 522.58 Mn | - | 16.58 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 16.58 |
| Mar 31, 2026 | 16.58 |
| Dec 31, 2025 | 8.56 |
| Dec 31, 2025 | 8.56 |
| Sep 30, 2025 | 17.35 |
| Sep 30, 2025 | 17.35 |
| Jun 30, 2025 | 18.38 |
| Jun 30, 2025 | 18.38 |
| Mar 31, 2025 | 18.30 |
| Mar 31, 2025 | 18.30 |
| Dec 31, 2024 | 19.13 |
| Dec 31, 2024 | 19.13 |
| Sep 30, 2024 | 20.24 |
| Sep 30, 2024 | 20.24 |
| Jun 30, 2024 | 20.02 |
| Jun 30, 2024 | 20.02 |
| Mar 31, 2024 | 19.17 |
| Mar 31, 2024 | 19.17 |
| Dec 31, 2023 | 23.42 |
| Dec 31, 2023 | 23.42 |
| Sep 30, 2023 | 18.94 |
| Sep 30, 2023 | 18.94 |
| Jun 30, 2023 | 18.75 |
| Jun 30, 2023 | 18.75 |
| Mar 31, 2023 | 18.17 |
| Mar 31, 2023 | 18.17 |
| Dec 31, 2022 | 19.03 |
| Dec 31, 2022 | 19.03 |
| Sep 30, 2022 | 18.59 |
| Sep 30, 2022 | 18.59 |
| Jun 30, 2022 | 18.26 |
| Jun 30, 2022 | 18.26 |
| Mar 31, 2022 | 18.58 |
| Mar 31, 2022 | 18.58 |
| Dec 31, 2021 | 19.16 |
| Dec 31, 2021 | 19.16 |
| Sep 30, 2021 | 18.75 |
| Sep 30, 2021 | 18.75 |
| Jun 30, 2021 | 17.70 |
| Jun 30, 2021 | 17.70 |
| Mar 31, 2021 | 18.79 |
| Mar 31, 2021 | 18.79 |
| Dec 31, 2020 | 19.38 |
| Dec 31, 2020 | 19.38 |
| Sep 30, 2020 | 19.61 |
| Sep 30, 2020 | 19.61 |
| Jun 30, 2020 | 19.13 |
| Jun 30, 2020 | 19.13 |
| Mar 31, 2020 | 15.64 |
| Mar 31, 2020 | 15.64 |
| Dec 31, 2019 | 19.43 |
| Dec 31, 2019 | 19.43 |
| Sep 30, 2019 | 19.91 |
| Sep 30, 2019 | 19.91 |
| Jun 30, 2019 | 20.12 |
| Jun 30, 2019 | 20.12 |
| Mar 31, 2019 | 18.77 |
| Mar 31, 2019 | 18.77 |
| Dec 31, 2018 | -57.57 |
| Dec 31, 2018 | -57.57 |
| Sep 30, 2018 | 19.68 |
| Sep 30, 2018 | 19.68 |
| Jun 30, 2018 | 18.99 |
| Jun 30, 2018 | 18.99 |
| Mar 31, 2018 | 18.20 |
| Mar 31, 2018 | 18.20 |
| Dec 31, 2017 | 84.77 |
| Dec 31, 2017 | 84.77 |
| Sep 30, 2017 | 31.53 |
| Sep 30, 2017 | 31.53 |
| Jun 30, 2017 | 30.99 |
| Jun 30, 2017 | 30.99 |
| Mar 31, 2017 | 30.49 |
| Mar 31, 2017 | 30.49 |
| Dec 31, 2016 | -85.10 |
| Dec 31, 2016 | -85.10 |
| Sep 30, 2016 | 31.85 |
| Sep 30, 2016 | 31.85 |
| Jun 30, 2016 | 28.85 |
| Jun 30, 2016 | 28.85 |
| Mar 31, 2016 | 32.31 |
| Mar 31, 2016 | 32.31 |
| Dec 31, 2015 | 32.49 |
| Dec 31, 2015 | 32.49 |
| Sep 30, 2015 | 31.10 |
| Sep 30, 2015 | 31.10 |
| Jun 30, 2015 | 31.83 |
| Jun 30, 2015 | 31.83 |
| Mar 31, 2015 | 32.01 |
| Mar 31, 2015 | 32.01 |
| Dec 31, 2014 | -104.06 |
| Dec 31, 2014 | -104.06 |
| Sep 30, 2014 | 32.24 |
| Sep 30, 2014 | 32.24 |
| Jun 30, 2014 | 23.38 |
| Jun 30, 2014 | 23.38 |
| Mar 31, 2014 | 31.86 |
| Mar 31, 2014 | 31.86 |
| Dec 31, 2013 | 911.83 |
| Dec 31, 2013 | 911.83 |
| Sep 30, 2013 | 7.45 |
| Sep 30, 2013 | 7.45 |
| Jun 30, 2013 | 20.29 |
| Jun 30, 2013 | 20.29 |
| Mar 31, 2013 | 0.60 |
| Mar 31, 2013 | 0.60 |
| Dec 31, 2011 | -6.55 |
| Dec 31, 2011 | -6.55 |
| Sep 30, 2011 | 10.47 |
| Sep 30, 2011 | 10.47 |
| Jun 30, 2011 | 116.74 |
| Jun 30, 2011 | 116.74 |
| Mar 31, 2011 | 0.11 |
| Mar 31, 2011 | 0.11 |