Independent Bank (INDB) Deferred Taxes (2010 - 2026)
Independent Bank (INDB) posted Deferred Taxes of -$640000.0 for Q2 2026, down 148.08% on a QoQ basis from $1.3 million in Q1 2026, and down 11.5% year-over-year from -$723149.6 in Q2 2025.
Analysis
Independent Bank (INDB) Deferred Taxes (2010 - 2026) Analysis & Trends
Independent Bank has reported Deferred Taxes for 17 years, with the latest figure at -$640000.0 in Q2 2026.
- On a quarterly basis, Deferred Taxes fell 11.5% year-over-year to -$640000.0 in Q2 2026; TTM through Jun 2026 was -$3.0 million, a 78.27% increase from a year earlier, with the FY2025 full-year figure at -$3.3 million, up 69.03% from the prior year.
- Deferred Taxes was -$640000.0 for Q2 2026 at Independent Bank, down from $1.3 million in the prior quarter.
- The five-year high for Deferred Taxes was $2.7 million in Q4 2023, with the low at -$15.7 million in Q4 2024.
- Average Deferred Taxes over 5 years is -$650444.4, with a median of -$186000.0 recorded in 2022.
- The largest YoY upside for Deferred Taxes was 509.18% in 2024 against a maximum downside of 676.22% in 2024.
- Over 5 years, Deferred Taxes stood at -$1.5 million in 2022, then soared by 278.69% to $2.7 million in 2023, then tumbled by 676.22% to -$15.7 million in 2024, then surged by 79.74% to -$3.2 million in 2025, then surged by 79.88% to -$640000.0 in 2026.
- The last three Deferred Taxes figures came in at -$640000.0 (Q2 2026), $1.3 million (Q1 2026), and -$3.2 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Deferred Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Banco Santander Chile | 448.38 Bn | 568.32 Bn | - | - |
| 2 | Truist Financial | 63.10 Bn | 63.10 Bn | - | - |
| 3 | Fifth Third Bancorp | 49.74 Bn | 26.02 Bn | - | - |
| 4 | M&T Bank | 34.66 Bn | 34.66 Bn | - | 16.00 Mn |
| 5 | Huntington Bancshares | 34.41 Bn | 29.92 Bn | - | -120.00 Mn |
| 6 | Citizens Financial | 29.91 Bn | 29.91 Bn | - | -58.00 Mn |
| 7 | Regions Financial | 25.92 Bn | 25.99 Bn | - | -157.00 Mn |
| 8 | Keycorp | 23.68 Bn | -24.02 Bn | - | 2.00 Mn |
| 9 | First Citizens Bancshares | 22.94 Bn | 22.41 Bn | 29.00 Mn | 71.00 Mn |
| 10 | Independent Bank | 4.00 Bn | 3.91 Bn | - | -640,000.00 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -640,000.00 |
| Mar 31, 2026 | 1.33 Mn |
| Dec 31, 2025 | -3.18 Mn |
| Sep 30, 2025 | -549,000.00 |
| Jun 30, 2025 | -574,000.00 |
| Mar 31, 2025 | 1.02 Mn |
| Dec 31, 2024 | -15.70 Mn |
| Sep 30, 2024 | 1.27 Mn |
| Jun 30, 2024 | 1.25 Mn |
| Mar 31, 2024 | 2.58 Mn |
| Dec 31, 2023 | 2.73 Mn |
| Sep 30, 2023 | -326,000.00 |
| Jun 30, 2023 | -305,000.00 |
| Mar 31, 2023 | 644,000.00 |
| Dec 31, 2022 | -1.53 Mn |
| Sep 30, 2022 | -232,000.00 |
| Jun 30, 2022 | -140,000.00 |
| Mar 31, 2022 | 643,000.00 |
| Dec 31, 2021 | 2.82 Mn |
| Sep 30, 2021 | -198,000.00 |