Independent Bank (INDB) Net Margin (2010 - 2026)
Independent Bank (INDB) posted quarterly Net Margin of 34.54% for Q1 2026, up 372.0% year-over-year from 7.32% in Q1 2025, and up 1.32% quarter-over-quarter from 34.09% in Q4 2025.
Independent Bank (INDB) Net Margin (2010 - 2026) Analysis & Trends
Independent Bank's Net Margin history runs 17 years deep, the most recent figure standing at 34.54% for Q1 2026.
- In Q1 2026, Net Margin rose 372.0% year-over-year to 34.54%; the TTM figure through Mar 2026 stood at 28.73% (up 615.0% YoY), while the FY2025 annual figure was 26.5%, down 439.0% from the prior year.
- Net Margin for Q1 2026 stood at 34.54%, up from 34.09% in the prior quarter.
- The five-year high for Net Margin was 92.61% in Q3 2023, with the low at 11.68% in Q4 2024.
- The 5-year median for Net Margin is 34.18% (2023), against an average of 36.34%.
- The sharpest annual moves came in 2023 and 2024: Net Margin surged 5211 bps in 2023, then slumped 6618 bps in 2024.
- Independent Bank's Net Margin stood at 37.8% in 2022, then plunged by 50 bps to 19.05% in 2023, then sank by 39 bps to 11.68% in 2024, then soared by 192 bps to 34.09% in 2025, then increased by 1 bps to 34.54% in 2026.
- Business Quant data shows INDB's Net Margin at 34.54% in Q1 2026, 34.09% in Q4 2025, and 15.29% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 28.41% |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 27.30% |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | 38.78% |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | 25.60% |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | 25.60% |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 28.85% |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 23.30% |
| 10 | Independent Bank | 4.01 Bn | 3.93 Bn | - | 32.31% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 32.31% |
| Mar 31, 2026 | 34.54% |
| Dec 31, 2025 | 34.09% |
| Sep 30, 2025 | 15.29% |
| Jun 30, 2025 | 31.71% |
| Mar 31, 2025 | 30.82% |
| Dec 31, 2024 | 11.68% |
| Sep 30, 2024 | 26.43% |
| Jun 30, 2024 | 50.74% |
| Mar 31, 2024 | 50.76% |
| Dec 31, 2023 | 19.05% |
| Sep 30, 2023 | 92.61% |
| Jun 30, 2023 | 34.18% |
| Mar 31, 2023 | 32.71% |
| Dec 31, 2022 | 37.80% |
| Sep 30, 2022 | 40.51% |
| Jun 30, 2022 | 38.35% |
| Mar 31, 2022 | 36.44% |
| Dec 31, 2021 | 1.96% |
| Sep 30, 2021 | 39.66% |