Independent Bank (INDB) Operating Expenses (2010 - 2026)
Independent Bank (INDB) posted quarterly Operating Expenses of $142.9 million for Q1 2026, up 34.98% year-over-year from $105.9 million in Q1 2025, and down 7.42% quarter-over-quarter from $154.4 million in Q4 2025.
Independent Bank (INDB) Operating Expenses (2010 - 2026) Analysis & Trends
Independent Bank's Operating Expenses history runs 17 years deep, the most recent figure standing at $142.9 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 34.98% year-over-year to $142.9 million; the TTM figure through Mar 2026 stood at $566.9 million (up 37.48% YoY), while the FY2025 annual figure was $529.9 million, up 30.4% from the prior year.
- Operating Expenses for Q1 2026 stood at $142.9 million, down from $154.4 million in the prior quarter.
- The five-year high for Operating Expenses was $160.8 million in Q3 2025, with the low at $90.6 million in Q2 2022.
- The 5-year median for Operating Expenses is $99.9 million (2024), against an average of $108.6 million.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses declined 19.0% in 2022, then jumped 60.13% in 2025.
- Independent Bank's Operating Expenses stood at $94.9 million in 2022, then rose by 6.19% to $100.7 million in 2023, then gained by 5.63% to $106.4 million in 2024, then surged by 45.05% to $154.4 million in 2025, then declined by 7.42% to $142.9 million in 2026.
- Business Quant data shows INDB's Operating Expenses at $142.9 million in Q1 2026, $154.4 million in Q4 2025, and $160.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.74 Bn | 84.54 Bn | - | - |
| 2 | Pnc Financial Services | 97.84 Bn | 97.84 Bn | - | 4.10 Bn |
| 3 | Us Bancorp | 96.24 Bn | 96.24 Bn | - | 4.43 Bn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -3.83 Bn |
| 5 | NatWest | 74.86 Bn | -144.23 Bn | - | -2.79 Bn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.11 Bn | -81.20 Bn | - | 2.60 Bn |
| 7 | Nu Holdings | 70.75 Bn | 57.07 Bn | 2.35 Bn | -599.79 Mn |
| 8 | Truist Financial | 61.72 Bn | 61.72 Bn | - | 3.06 Bn |
| 9 | Fifth Third Bancorp | 49.85 Bn | 26.13 Bn | - | 2.11 Bn |
| 10 | Independent Bank | 4.01 Bn | 3.93 Bn | - | 140.27 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 140.27 Mn |
| Mar 31, 2026 | 142.92 Mn |
| Dec 31, 2025 | 154.37 Mn |
| Sep 30, 2025 | 160.84 Mn |
| Jun 30, 2025 | 108.80 Mn |
| Mar 31, 2025 | 105.88 Mn |
| Dec 31, 2024 | 106.42 Mn |
| Sep 30, 2024 | 100.44 Mn |
| Jun 30, 2024 | 99.61 Mn |
| Mar 31, 2024 | 99.89 Mn |
| Dec 31, 2023 | 100.75 Mn |
| Sep 30, 2023 | 97.78 Mn |
| Jun 30, 2023 | 95.56 Mn |
| Mar 31, 2023 | 98.66 Mn |
| Dec 31, 2022 | 94.87 Mn |
| Sep 30, 2022 | 92.73 Mn |
| Jun 30, 2022 | 90.56 Mn |
| Mar 31, 2022 | 95.50 Mn |
| Dec 31, 2021 | 117.13 Mn |
| Sep 30, 2021 | 72.42 Mn |