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

Independent Bank has reported Rent Expense for 17 years, with the latest figure at $17.3 million in Q1 2026.

• For the quarter ending Q1 2026, Rent Expense rose 24.87% year-over-year to $17.3 million; the trailing twelve-month figure through Mar 2026 stood at $61.0 million (up 16.35% YoY), and the FY2025 full-year result 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.
• Average Rent Expense over 5 years is $13.4 million, with a median of $13.1 million recorded in 2023.
• Year-over-year, Rent Expense soared 43.81% in 2022 and decreased 3.61% in 2023.
• Tracing INDB's Rent Expense over 5 years: stood at $12.6 million in 2022, then gained by 3.72% to $13.1 million in 2023, then increased by 2.64% to $13.4 million in 2024, then advanced by 16.46% to $15.6 million in 2025, then increased by 10.91% to $17.3 million in 2026.
• The last three Rent Expense figures came in at $17.3 million (Q1 2026), $15.6 million (Q4 2025), and $15.0 million (Q3 2025), per Business Quant data.

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