Independent Bank (INDB) Bank-Owned Life Insurance (2009 - 2026)
Independent Bank (INDB) recorded Bank-Owned Life Insurance of $381.23 million in Q2 2026, up 25.0% from $305.08 million a year earlier and up 0.2% from the prior quarter.
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Analysis
Independent Bank (INDB) Bank-Owned Life Insurance (2009 - 2026) Analysis & Trends
At the end of FY2025, Independent Bank reported Bank-Owned Life Insurance of $378.58 million, up 24.5% from FY2024.
- Annual Bank-Owned Life Insurance has increased for 15 straight years, with a five-year compound annual growth rate of 13.6% (FY2020 to FY2025).
- Across earlier years, Bank-Owned Life Insurance came in at $303.97 million in FY2024 (+2.2%), $297.39 million in FY2023 (+1.4%), $293.32 million in FY2022 (+1.4%) and $289.3 million in FY2021 (+44.3%).
- The Q2 2026 figure is the highest quarterly Bank-Owned Life Insurance in data going back to Q4 2010.
- On a year-over-year basis, Bank-Owned Life Insurance has increased for 48 consecutive quarters, with growth averaging 13.4% over the last eight quarters.
- Over the past five years, the year-over-year growth in Bank-Owned Life Insurance ranged from 0.9% (Q3 2023) to 44.3% (Q4 2021).
- Per Business Quant, the preceding three quarters came in at $380.42 million (Q1 2026), $378.58 million (Q4 2025) and $376.16 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | BOLI (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | - |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | - |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | - |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | - |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | - |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | - |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | - |
| 10 | Independent Bank | 3.98 Bn | 3.90 Bn | - | 383.63 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 383.63 Mn |
| Jun 30, 2026 | 381.23 Mn |
| Mar 31, 2026 | 380.42 Mn |
| Dec 31, 2025 | 378.58 Mn |
| Sep 30, 2025 | 376.16 Mn |
| Jun 30, 2025 | 305.08 Mn |
| Mar 31, 2025 | 306.08 Mn |
| Dec 31, 2024 | 303.97 Mn |
| Sep 30, 2024 | 302.13 Mn |
| Jun 30, 2024 | 300.11 Mn |
| Mar 31, 2024 | 298.35 Mn |
| Dec 31, 2023 | 297.39 Mn |
| Sep 30, 2023 | 295.67 Mn |
| Jun 30, 2023 | 296.69 Mn |
| Mar 31, 2023 | 295.27 Mn |
| Dec 31, 2022 | 293.32 Mn |
| Sep 30, 2022 | 293.13 Mn |
| Jun 30, 2022 | 292.81 Mn |
| Mar 31, 2022 | 291.19 Mn |
| Dec 31, 2021 | 289.30 Mn |
API Access
Independent Bank Bank-Owned Life Insurance 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=bank-owned-life-insurance&ticker=INDB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "bank-owned-life-insurance", "ticker": "INDB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=bank-owned-life-insurance&ticker=INDB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();