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.

• 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 was $17.3 million for Q1 2026 at Independent Bank, up from $15.6 million in the prior quarter.
• In the past five years, Rent Expense ranged from a high of $17.3 million in Q1 2026 to a low of $11.6 million in Q2 2022.
• Historically, Rent Expense has averaged $13.4 million across 5 years, with a median of $13.1 million in 2023.
• The sharpest annual moves came in 2022 and 2023: Rent Expense jumped 43.81% in 2022, then fell 3.61% in 2023.
• A 5-year view of Rent Expense shows it 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.
• 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.