Independent Bank (INDB) Research & Development (2010 - 2026)
Independent Bank (INDB) posted quarterly Research & Development of $3.3 million for Q1 2026, up 23.35% year-over-year from $2.6 million in Q1 2025, and up 9.84% quarter-over-quarter from $3.0 million in Q4 2025.
Independent Bank (INDB) Research & Development (2010 - 2026) Analysis & Trends
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 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.
- The 5-year median for Research & Development is $2.5 million (2024), against an average of $2.6 million.
- The sharpest annual moves came in 2022 and 2024: Research & Development surged 42.46% in 2022, then fell 4.94% in 2024.
- Independent Bank's Research & Development stood at $2.4 million in 2022, then fell by 0.78% to $2.4 million in 2023, then grew by 5.61% to $2.6 million in 2024, then climbed by 15.94% to $3.0 million in 2025, then increased by 9.84% to $3.3 million in 2026.
- Business Quant data shows INDB's Research & Development at $3.3 million in Q1 2026, $3.0 million in Q4 2025, and $2.8 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 119.58 Bn | 83.39 Bn | - | - |
| 2 | Pnc Financial Services | 97.75 Bn | 97.75 Bn | - | - |
| 3 | Us Bancorp | 96.33 Bn | 96.33 Bn | - | 601.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | - |
| 5 | NatWest | 73.86 Bn | -145.23 Bn | - | - |
| 6 | Deutsche Bank Aktiengesellschaft | 71.72 Bn | -81.60 Bn | - | - |
| 7 | Nu Holdings | 68.51 Bn | 54.82 Bn | 2.35 Bn | - |
| 8 | Truist Financial | 61.69 Bn | 61.69 Bn | - | - |
| 9 | Fifth Third Bancorp | 49.73 Bn | 26.00 Bn | - | 250.00 Mn |
| 10 | Independent Bank | 4.01 Bn | 3.93 Bn | - | 3.21 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 3.21 Mn |
| 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 |