Independent Bank (INDB) Research & Development (2010 - 2026)
Independent Bank's quarterly Research & Development came in at $3.3 million in Q1 2026, up 23.35% year-on-year from $2.6 million in Q1 2025, and up 9.84% quarter-over-quarter from $3.0 million in Q4 2025.
Independent Bank has reported Research & Development for 17 years, with the latest figure at $3.3 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 23.35% year-over-year to $3.3 million; the trailing twelve-month figure through Mar 2026 stood at $11.8 million (up 16.62% YoY), and the FY2025 full-year result was $11.2 million, up 12.28% from the prior year.
- Research & Development for Q1 2026 stood at $3.3 million, up from $3.0 million in the prior quarter.
- The five-year high for Research & Development was $3.3 million in Q1 2026, with the low at $2.2 million in Q2 2022.
- Average Research & Development over 5 years is $2.6 million, with a median of $2.5 million recorded in 2024.
- Year-over-year, Research & Development surged 42.46% in 2022 and slipped 4.94% in 2024.
- Tracing INDB's Research & Development over 5 years: stood at $2.4 million in 2022, then decreased by 0.78% to $2.4 million in 2023, then rose by 5.61% to $2.6 million in 2024, then increased by 15.94% to $3.0 million in 2025, then gained by 9.84% to $3.3 million in 2026.
- The last three Research & Development figures came in at $3.3 million (Q1 2026), $3.0 million (Q4 2025), and $2.8 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | - |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | - |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | 1.10 Mn |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | 554,000.00 |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | - |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | - |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | - |
| 10 | Independent Bank | 3.86 Bn | 3.77 Bn | - | 3.26 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 3.26 Mn |
| Dec 31, 2025 | 2.97 Mn |
| Sep 30, 2025 | 2.79 Mn |
| Jun 30, 2025 | 2.78 Mn |
| Mar 31, 2025 | 2.64 Mn |
| Dec 31, 2024 | 2.56 Mn |
| Sep 30, 2024 | 2.51 Mn |
| Jun 30, 2024 | 2.41 Mn |
| Mar 31, 2024 | 2.48 Mn |
| Dec 31, 2023 | 2.42 Mn |
| Sep 30, 2023 | 2.40 Mn |
| Jun 30, 2023 | 2.53 Mn |
| Mar 31, 2023 | 2.53 Mn |
| Dec 31, 2022 | 2.44 Mn |
| Sep 30, 2022 | 2.26 Mn |
| Jun 30, 2022 | 2.25 Mn |
| Mar 31, 2022 | 2.37 Mn |
| Dec 31, 2021 | 1.88 Mn |
| Sep 30, 2021 | 1.67 Mn |
| Jun 30, 2021 | 1.69 Mn |
| Mar 31, 2021 | 1.67 Mn |
| Dec 31, 2020 | 1.58 Mn |
| Sep 30, 2020 | 1.57 Mn |
| Jun 30, 2020 | 1.46 Mn |
| Mar 31, 2020 | 1.66 Mn |
| Dec 31, 2019 | 1.63 Mn |
| Sep 30, 2019 | 1.52 Mn |
| Jun 30, 2019 | 2.04 Mn |
| Mar 31, 2019 | 1.33 Mn |
| Dec 31, 2018 | 1.29 Mn |
| Sep 30, 2018 | 1.29 Mn |
| Jun 30, 2018 | 1.26 Mn |
| Mar 31, 2018 | 1.29 Mn |
| Dec 31, 2017 | 1.26 Mn |
| Sep 30, 2017 | 1.27 Mn |
| Jun 30, 2017 | 1.19 Mn |
| Mar 31, 2017 | 1.27 Mn |
| Dec 31, 2016 | 1.14 Mn |
| Sep 30, 2016 | 1.40 Mn |
| Jun 30, 2016 | 1.23 Mn |
| Mar 31, 2016 | 1.21 Mn |
| Dec 31, 2015 | 1.17 Mn |
| Sep 30, 2015 | 1.11 Mn |
| Jun 30, 2015 | 1.23 Mn |
| Mar 31, 2015 | 1.12 Mn |
| Dec 31, 2014 | 1.16 Mn |
| Sep 30, 2014 | 1.18 Mn |
| Jun 30, 2014 | 1.18 Mn |
| Mar 31, 2014 | 1.25 Mn |
| Dec 31, 2013 | 1.18 Mn |
| Sep 30, 2013 | 1.18 Mn |
| Jun 30, 2013 | 1.20 Mn |
| Mar 31, 2013 | 1.18 Mn |
| Dec 31, 2012 | 1.23 Mn |
| Sep 30, 2012 | 1.14 Mn |
| Jun 30, 2012 | 1.10 Mn |
| Mar 31, 2012 | 1.18 Mn |
| Dec 31, 2011 | 1.06 Mn |
| Sep 30, 2011 | 1.15 Mn |
| Jun 30, 2011 | 1.04 Mn |
| Mar 31, 2011 | 1.64 Mn |
| Dec 31, 2010 | 1.58 Mn |
| Sep 30, 2010 | 1.40 Mn |
| Jun 30, 2010 | 1.50 Mn |