IBCP (Independent Bank) Tax Rate %: 16.58% (As of Mar. 2026)

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IBCP Independent Bank Corp. IBCP
63 GF Score
Price $37.75
GF Value $32.31
Valuation Modestly Overvalued
! 3 Warning Signs
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What is Independent Bank Tax Rate %?

Independent Bank IBCP +3.98% 63 Tax Rate % is 16.58% as of Mar. 2026. GuruFocus rates IBCP with a GF Score™ of 63/100 and a GF Value™ of $32.31 (Modestly Overvalued). The stock has 3 warning signs investors should review.

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Independent Bank's Tax Expense for the three months ended in Mar. 2026 was $3.4 Mil. Independent Bank's Pre-Tax Income for the three months ended in Mar. 2026 was $20.2 Mil. Therefore, Independent Bank's Tax Rate % for the quarter that ended in Mar. 2026 was 16.58%.

Independent Bank Tax Rate % Related Terms

Independent Bank Tax Rate % Historical Data

* Premium members only.

The historical data trend for Independent Bank's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Independent Bank Tax Rate % Chart

Independent Bank Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Tax Rate %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 18.65 18.56 19.83 19.57 15.68

Independent Bank Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Tax Rate % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 18.49 18.38 17.35 8.56 16.58
IBCP
63GF Score
Independent Bank Corp. IBCP
Tax Rate % is just one metric. See GF Score™, valuation, warning signs, and more.
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Independent Bank Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Independent Bank's Tax Rate % for the fiscal year that ended in Dec. 2025 is calculated as

Tax Rate %=Tax Expense (A: Dec. 2025 )/Pre-Tax Income (A: Dec. 2025 )
=12.75/81.291
=15.68 %

Independent Bank's Tax Rate % for the quarter that ended in Mar. 2026 is calculated as

Tax Rate %=Tax Expense (Q: Mar. 2026 )/Pre-Tax Income (Q: Mar. 2026 )
=3.355/20.23
=16.58 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Tax Rate % →
What does a Tax Rate % of 16.58% mean?
Independent Bank (IBCP) has a Tax Rate % of 16.58% as of Mar. 2026.
Is Independent Bank's Tax Rate % too high?
Independent Bank's current Tax Rate % is 16.58%. Overall, Independent Bank has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Independent Bank's Tax Rate % compare to CARE and CWBC?
Independent Bank's Tax Rate % of 16.58% can be compared against companies in the Banks industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Tax Rate % for a Banks company?
A good Tax Rate % depends on the Banks industry context. However, Tax Rate % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Tax Rate % mean?
A high Tax Rate % can signal that a stock is expensive relative to its fundamentals. Independent Bank's current Tax Rate % is 16.58%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Independent Bank stock overvalued right now?
Based on GuruFocus' analysis, Independent Bank (IBCP) is currently considered Modestly Overvalued. The stock's GF Value™ is $32.31, compared to a current price of $37.75 — trading 16.8% above its estimated fair value. The current Tax Rate % is 16.58%. Independent Bank's overall GF Score™ is 63/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Tax Rate % calculated?
Tax Rate % is calculated from a company's financial statements. For Independent Bank (IBCP), the current Tax Rate % is 16.58% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Independent Bank (IBCP) Overvalued in 2026?

Based on GuruFocus' analysis, Independent Bank stock appears to be overvalued. The current stock price of $37.75 is trading 16.8% above its estimated GF Value™ of $32.31. GuruFocus considers Independent Bank to be Modestly Overvalued.

Key valuation signals for IBCP:

  • Tax Rate %: 16.58%
  • GF Value™: $32.31 vs. price of $37.75 (16.8% above fair value)
  • GF Score™: 63/100 with 3 warning signs

No single metric tells the full story. See the IBCP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Independent Bank Business Description

Address 4200 East Beltline, Grand Rapids, MI, USA, 49525
Independent Bank Corp. operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers. The firm's principal markets are the rural and suburban communities across Lower Michigan. The firm generates the majority of its revenue from Interest and fees on loans.
63GF Score

Get the complete analysis for IBCP

Tax Rate % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$37.75
Price
$32.31
GF Value