Independent Bank Corp (INDB) Net Margin (2010 - 2026)
Independent Bank (INDB) posted Net Margin of 32.31% for Q2 2026, up 4.20 percentage points from 28.11% a year earlier and up 0.68 percentage points from the prior quarter.
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Analysis
Independent Bank Corp (INDB) Net Margin (2010 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Independent Bank was 27.04%, up 0.56 percentage points year-over-year; for FY2025, it came in at 23.92%, down 3.93 percentage points from FY2024.
- Annual Net Margin has declined for three consecutive years, with a five-year change of -1.37 percentage points (FY2020 to FY2025).
- In prior years, Independent Bank's Net Margin was 27.85% in FY2024 (-4.91 pp), 32.76% in FY2023 (-3.48 pp), 36.24% in FY2022 (+12.40 pp) and 23.85% in FY2021 (-1.44 pp).
- The Q2 2026 figure stands as the highest quarterly Net Margin since Q3 2023.
- On a year-over-year basis, Net Margin has increased in each of the last three quarters, with an average year-over-year change of -1.89 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Net Margin in the past five years was Q4 2022, with a gain of 37.27 percentage points; the weakest was Q4 2021, with a drop of 28.01 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was 31.62% (Q1 2026), 29.67% (Q4 2025) and 14.06% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.31% |
| Mar 31, 2026 | 31.62% |
| Dec 31, 2025 | 29.67% |
| Sep 30, 2025 | 14.06% |
| Jun 30, 2025 | 28.11% |
| Mar 31, 2025 | 24.95% |
| Dec 31, 2024 | 28.29% |
| Sep 30, 2024 | 24.51% |
| Jun 30, 2024 | 30.15% |
| Mar 31, 2024 | 28.54% |
| Dec 31, 2023 | 30.93% |
| Sep 30, 2023 | 33.15% |
| Jun 30, 2023 | 34.18% |
| Mar 31, 2023 | 32.71% |
| Dec 31, 2022 | 38.40% |
| Sep 30, 2022 | 37.68% |
| Jun 30, 2022 | 35.76% |
| Mar 31, 2022 | 32.43% |
| Dec 31, 2021 | 1.12% |
| Sep 30, 2021 | 34.33% |
API Access
Independent Bank Corp Net Margin 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=net-margin&ticker=INDB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "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=net-margin&ticker=INDB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();