Independent Bank (INDB) Rent Expense (2010 - 2026)

Independent Bank's Rent Expense history runs 17 years deep, the most recent figure standing at $17.3 million for Q1 2026.

• On a quarterly basis, Rent Expense rose 24.87% year-over-year to $17.3 million in Q1 2026; TTM through Mar 2026 was $61.0 million, a 16.35% increase from a year earlier, with the FY2025 full-year figure at $57.6 million, up 10.61% from the prior year.
• Rent Expense rose to $17.3 million in Q1 2026 per INDB's latest filing, from $15.6 million in the prior quarter.
• Across five years, Rent Expense topped out at $17.3 million in Q1 2026 and bottomed at $11.6 million in Q2 2022.
• The 5-year median for Rent Expense is $13.1 million (2023), against an average of $13.4 million.
• Across the five-year window, Rent Expense soared 43.81% in 2022 and decreased 3.61% in 2023, its largest moves.
• Year by year, Rent Expense stood at $12.6 million in 2022, then rose by 3.72% to $13.1 million in 2023, then grew by 2.64% to $13.4 million in 2024, then gained by 16.46% to $15.6 million in 2025, then grew by 10.91% to $17.3 million in 2026.
• Per Business Quant, the three latest INDB Rent Expense figures stand at $17.3 million (Q1 2026), $15.6 million (Q4 2025), and $15.0 million (Q3 2025).