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.

• On a quarterly basis, Research & Development rose 23.35% year-over-year to $3.3 million in Q1 2026; TTM through Mar 2026 was $11.8 million, a 16.62% increase from a year earlier, with the FY2025 full-year figure at $11.2 million, up 12.28% from the prior year.
• Research & Development grew to $3.3 million in Q1 2026 per INDB's latest filing, from $3.0 million in the prior quarter.
• Across five years, Research & Development topped out at $3.3 million in Q1 2026 and bottomed at $2.2 million in Q2 2022.
• The 5-year median for Research & Development is $2.5 million (2024), against an average of $2.6 million.
• Across the five-year window, Research & Development surged 42.46% in 2022 and slipped 4.94% in 2024, its largest moves.
• Year by year, Research & Development 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.
• Per Business Quant, the three latest INDB Research & Development figures stand at $3.3 million (Q1 2026), $3.0 million (Q4 2025), and $2.8 million (Q3 2025).