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Independent Bank Corporation IBCP Interchange expense
Interchange expense at other companies
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Where this comes from
Reported directly by Independent Bank Corporation in its filing.
Tagged under the XBRL concept ibcp:InterchangeExpense.
The source filing: Independent Bank Corporation’s 10-Q, filed August 5, 2026.
- Filed
- Aug 5, 2026, 12:18 PM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0000039311-26-000061
| Line item | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| Compensation and employee benefits | 22,560 | 21,123 | 44,389 | 41,506 |
| Data processing | 4,152 | 3,847 | 8,104 | 7,576 |
| Occupancy, net | 2,073 | 2,046 | 4,486 | 4,269 |
| Interchange expense | 1,224 | 1,177 | 2,415 | 2,296 |
| Advertising | 1,180 | 833 | 2,390 | 1,694 |
| Litigation expense | 350 | — | 1,850 | — |
| Furniture, fixtures and equipment | 927 | 793 | 1,821 | 1,678 |
| Loan and collection | 1,038 | 744 | 1,790 | 1,530 |
Item 1. Condensed Consolidated Statements of Financial Condition June 30, 2026 and December 31, 20
FAQ
- What is Independent Bank Corporation's interchange expense?
- Independent Bank Corporation (IBCP) reported interchange expense of $1.22M in Q2 2026.
- How has Independent Bank Corporation's interchange expense changed year-over-year?
- Independent Bank Corporation's interchange expense increased by 4.0% year-over-year, from $1.18M to $1.22M.
- What is the long-term trend for Independent Bank Corporation's interchange expense?
- Over 4 years (2021 to 2025), Independent Bank Corporation's interchange expense has grown at a 1.1% compound annual growth rate (CAGR), from $4.43M to $4.64M.
- What does interchange expense mean?
- These are the costs incurred by the bank for processing debit and credit card transactions through payment networks. This expense is directly tied to the volume of card-based activity and represents the friction costs of providing electronic payment services to customers.
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