Independent Bank (INDB) Research & Development (2010 - 2026)

Independent Bank's Research & Development history runs 17 years deep, the most recent figure standing at $3.3 million for Q1 2026.

• In Q1 2026, Research & Development rose 23.35% year-over-year to $3.3 million; the TTM figure through Mar 2026 stood at $11.8 million (up 16.62% YoY), while the FY2025 annual figure was $11.2 million, up 12.28% from the prior year.
• Research & Development was $3.3 million for Q1 2026 at Independent Bank, up from $3.0 million in the prior quarter.
• In the past five years, Research & Development ranged from a high of $3.3 million in Q1 2026 to a low of $2.2 million in Q2 2022.
• Historically, Research & Development has averaged $2.6 million across 5 years, with a median of $2.5 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Research & Development soared 42.46% in 2022, then retreated 4.94% in 2024.
• A 5-year view of Research & Development shows it stood at $2.4 million in 2022, then retreated by 0.78% to $2.4 million in 2023, then increased by 5.61% to $2.6 million in 2024, then grew by 15.94% to $3.0 million in 2025, then rose 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.