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

Independent Bank has reported Research & Development for 17 years, with the latest figure at $3.2 million in Q2 2026.

• On a quarterly basis, Research & Development rose 15.27% year-over-year to $3.2 million in Q2 2026; TTM through Jun 2026 was $12.2 million, a 16.47% increase from a year earlier, with the FY2025 full-year figure at $11.2 million, up 12.28% from the prior year.
• Research & Development was $3.2 million for Q2 2026 at Independent Bank, down from $3.3 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 2023.
• The sharpest annual moves came in 2022 and 2024: Research & Development jumped 42.46% in 2022, then decreased 4.94% in 2024.
• Over 5 years, Research & Development 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 rose by 8.12% to $3.2 million in 2026.
• The last three Research & Development figures came in at $3.2 million (Q2 2026), $3.3 million (Q1 2026), and $3.0 million (Q4 2025), per Business Quant data.