Independent Bank (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.
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Analysis
Independent Bank (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
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 881.30 Bn | 881.30 Bn | - | 23.12% |
| 2 | Bank Of America | 354.90 Bn | -2,021.17 Bn | - | 21.54% |
| 3 | Hsbc Holdings | 311.39 Bn | -1,517.77 Bn | - | 60.94% |
| 4 | Morgan Stanley | 282.15 Bn | -226.95 Bn | - | 23.07% |
| 5 | Royal Bank Of Canada | 281.68 Bn | -548.32 Bn | - | 22.26% |
| 6 | Goldman Sachs | 255.22 Bn | -3,301.89 Bn | - | 22.60% |
| 7 | Mitsubishi Ufj Financial | 249.82 Bn | -82.42 Bn | 10.89 Bn | 24.29% |
| 8 | Wells Fargo & Company | 249.49 Bn | 251.62 Bn | - | 17.42% |
| 9 | Toronto Dominion Bank | 210.53 Bn | -465.35 Bn | - | - |
| 10 | Independent Bank | 761.88 Mn | 74.44 Mn | - | 17.20% |
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 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();