Independent Bank Corp (INDB) Payout Ratio (2011 - 2026)
Independent Bank's (INDB) Payout Ratio stood at 0.42 in Q2 2026, down 18.5% from 0.52 a year earlier and down 6.5% from the prior quarter.
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Analysis
Independent Bank Corp (INDB) Payout Ratio (2011 - 2026) Analysis & Trends
For FY2025, Independent Bank's Payout Ratio came in at 0.51, up 1.1% from FY2024.
- Annual Payout Ratio has increased for three straight years.
- Across earlier years, Payout Ratio came in at 0.50 in FY2024 (+22.4%), 0.41 in FY2023 (+15.2%), 0.36 in FY2022 (-31.5%) and 0.52 in FY2021 (+3.3%).
- The Q2 2026 figure is the lowest quarterly Payout Ratio since Q4 2023.
- On a year-over-year basis, Payout Ratio rose in six of the last eight quarters, with growth averaging 9.1%.
- Peak year-over-year performance for Payout Ratio in the last five years was growth of 32.0% in Q3 2024, against a decline of 33.5% in Q1 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at 0.45 (Q1 2026), 0.51 (Q4 2025) and 0.55 (Q3 2025).
Peer Set
Peer Comparison
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.42 |
| Mar 31, 2026 | 0.45 |
| Dec 31, 2025 | 0.51 |
| Sep 30, 2025 | 0.55 |
| Jun 30, 2025 | 0.52 |
| Mar 31, 2025 | 0.51 |
| Dec 31, 2024 | 0.50 |
| Sep 30, 2024 | 0.49 |
| Jun 30, 2024 | 0.45 |
| Mar 31, 2024 | 0.43 |
| Dec 31, 2023 | 0.41 |
| Sep 30, 2023 | 0.37 |
| Jun 30, 2023 | 0.35 |
| Mar 31, 2023 | 0.35 |
| Dec 31, 2022 | 0.36 |
| Sep 30, 2022 | 0.46 |
| Jun 30, 2022 | 0.50 |
| Mar 31, 2022 | 0.53 |
| Dec 31, 2021 | 0.52 |
| Sep 30, 2021 | 0.40 |
API Access
Independent Bank Corp Payout Ratio 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=payout-ratio&ticker=INDB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "payout-ratio", "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=payout-ratio&ticker=INDB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();