Independent Bank (INDB) Operating Expenses (2010 - 2026)
Independent Bank's quarterly Operating Expenses came in at $142.9 million in Q1 2026, up 34.98% year-on-year from $105.9 million in Q1 2025, and down 7.42% quarter-over-quarter from $154.4 million in Q4 2025.
Independent Bank has reported Operating Expenses for 17 years, with the latest figure at $142.9 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 34.98% year-over-year to $142.9 million; the trailing twelve-month figure through Mar 2026 stood at $566.9 million (up 37.48% YoY), and the FY2025 full-year result 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.
- Average Operating Expenses over 5 years is $108.6 million, with a median of $99.9 million recorded in 2024.
- Year-over-year, Operating Expenses decreased 19.0% in 2022 and jumped 60.13% in 2025.
- Tracing INDB's Operating Expenses over 5 years: stood at $94.9 million in 2022, then advanced by 6.19% to $100.7 million in 2023, then climbed by 5.63% to $106.4 million in 2024, then jumped by 45.05% to $154.4 million in 2025, then retreated by 7.42% to $142.9 million in 2026.
- The last three Operating Expenses figures came in at $142.9 million (Q1 2026), $154.4 million (Q4 2025), and $160.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | -287,925.00 |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | - |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | 7.75 Mn |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | 11.90 Mn |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | 2.55 Bn |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | -20.00 Mn |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | 3.77 Bn |
| 10 | Independent Bank | 3.86 Bn | 3.77 Bn | - | 142.92 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 73.30 Mn |
| Mar 31, 2021 | 69.68 Mn |
| Dec 31, 2020 | 73.73 Mn |
| Sep 30, 2020 | 66.66 Mn |
| Jun 30, 2020 | 66.61 Mn |
| Mar 31, 2020 | 66.84 Mn |
| Dec 31, 2019 | 67.45 Mn |
| Sep 30, 2019 | 67.53 Mn |
| Jun 30, 2019 | 93.03 Mn |
| Mar 31, 2019 | 56.31 Mn |
| Dec 31, 2018 | 64.39 Mn |
| Sep 30, 2018 | 55.44 Mn |
| Jun 30, 2018 | 52.69 Mn |
| Mar 31, 2018 | 53.45 Mn |
| Dec 31, 2017 | 51.47 Mn |
| Sep 30, 2017 | 51.31 Mn |
| Jun 30, 2017 | 52.81 Mn |
| Mar 31, 2017 | 48.77 Mn |
| Dec 31, 2016 | 51.64 Mn |
| Sep 30, 2016 | 46.86 Mn |
| Jun 30, 2016 | 47.15 Mn |
| Mar 31, 2016 | 46.48 Mn |
| Dec 31, 2015 | 46.49 Mn |
| Sep 30, 2015 | 47.03 Mn |
| Jun 30, 2015 | 48.64 Mn |
| Mar 31, 2015 | 54.98 Mn |
| Dec 31, 2014 | 44.36 Mn |
| Sep 30, 2014 | 42.61 Mn |
| Jun 30, 2014 | 42.98 Mn |
| Mar 31, 2014 | 41.89 Mn |
| Dec 31, 2013 | 47.85 Mn |
| Sep 30, 2013 | 40.72 Mn |
| Jun 30, 2013 | 42.16 Mn |
| Mar 31, 2013 | 42.92 Mn |
| Dec 31, 2012 | 45.05 Mn |
| Sep 30, 2012 | 40.05 Mn |
| Jun 30, 2012 | 37.00 Mn |
| Mar 31, 2012 | 37.36 Mn |
| Dec 31, 2011 | 36.95 Mn |
| Sep 30, 2011 | 35.42 Mn |
| Jun 30, 2011 | 36.86 Mn |
| Mar 31, 2011 | 36.48 Mn |
| Dec 31, 2010 | 36.69 Mn |
| Sep 30, 2010 | 34.54 Mn |
| Jun 30, 2010 | 34.93 Mn |