Independent Bank (INDB) Rent Expense (2010 - 2026)
Independent Bank (INDB) posted quarterly Rent Expense of $17.3 million for Q1 2026, up 24.87% year-over-year from $13.9 million in Q1 2025, and up 10.91% quarter-over-quarter from $15.6 million in Q4 2025.
Independent Bank (INDB) Rent Expense (2010 - 2026) Analysis & Trends
Independent Bank's Rent Expense history runs 17 years deep, the most recent figure standing at $17.3 million for Q1 2026.
- In Q1 2026, Rent Expense rose 24.87% year-over-year to $17.3 million; the TTM figure through Mar 2026 stood at $61.0 million (up 16.35% YoY), while the FY2025 annual figure was $57.6 million, up 10.61% from the prior year.
- Rent Expense for Q1 2026 stood at $17.3 million, up from $15.6 million in the prior quarter.
- The five-year high for Rent Expense was $17.3 million in Q1 2026, with the low 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.
- The sharpest annual moves came in 2022 and 2023: Rent Expense soared 43.81% in 2022, then declined 3.61% in 2023.
- Independent Bank's Rent Expense stood at $12.6 million in 2022, then increased by 3.72% to $13.1 million in 2023, then climbed by 2.64% to $13.4 million in 2024, then rose by 16.46% to $15.6 million in 2025, then climbed by 10.91% to $17.3 million in 2026.
- Business Quant data shows INDB's Rent Expense at $17.3 million in Q1 2026, $15.6 million in Q4 2025, and $15.0 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Rental Exp. (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | 252.00 Mn |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 303.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | -423.97 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | 171.00 Mn |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 154.00 Mn |
| 10 | Independent Bank | 4.01 Bn | 3.93 Bn | - | 16.17 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 16.17 Mn |
| Jun 30, 2026 | 16.17 Mn |
| Mar 31, 2026 | 17.31 Mn |
| Mar 31, 2026 | 17.31 Mn |
| Dec 31, 2025 | 15.60 Mn |
| Dec 31, 2025 | 15.60 Mn |
| Sep 30, 2025 | 14.98 Mn |
| Sep 30, 2025 | 14.98 Mn |
| Jun 30, 2025 | 13.16 Mn |
| Jun 30, 2025 | 13.16 Mn |
| Mar 31, 2025 | 13.86 Mn |
| Mar 31, 2025 | 13.86 Mn |
| Dec 31, 2024 | 13.40 Mn |
| Dec 31, 2024 | 13.40 Mn |
| Sep 30, 2024 | 12.73 Mn |
| Sep 30, 2024 | 12.73 Mn |
| Jun 30, 2024 | 12.47 Mn |
| Jun 30, 2024 | 12.47 Mn |
| Mar 31, 2024 | 13.47 Mn |
| Mar 31, 2024 | 13.47 Mn |