Independent Bank Corp (INDB) Return on Equity [ROE] (2011 - 2026)
Independent Bank's Return on Equity [ROE] was 9.93% in Q2 2026, up 2.03 percentage points from 7.90% a year earlier and up 1.23 percentage points from the prior quarter.
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Analysis
Independent Bank Corp (INDB) Return on Equity [ROE] (2011 - 2026) Analysis & Trends
For FY2025, Return on Equity [ROE] at Independent Bank came in at 6.25%, down 0.27 percentage points from FY2024.
- Return on Equity [ROE] has now declined for three consecutive years, with a five-year change of -0.85 percentage points (FY2020 to FY2025).
- In earlier years, Return on Equity [ROE] was 6.52% in FY2024 (-1.76 pp), 8.28% in FY2023 (-0.65 pp), 8.94% in FY2022 (+3.81 pp) and 5.13% in FY2021 (-1.98 pp).
- The Q2 2026 figure marks the highest quarterly Return on Equity [ROE] since Q1 2024.
- Compared with a year earlier, Return on Equity [ROE] was higher in two of the last eight quarters, with an average year-over-year change of -1.23 percentage points.
- The best year-over-year quarter for Return on Equity [ROE] over five years was Q1 2023 (a gain of 6.76 percentage points); the worst was Q3 2024 (a drop of 3.35 percentage points).
- Per Business Quant data, INDB's Return on Equity [ROE] in the three quarters before Q2 2026 was 8.70% (Q1 2026), 7.37% (Q4 2025) and 6.96% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 9.93% |
| Mar 31, 2026 | 8.70% |
| Dec 31, 2025 | 7.37% |
| Sep 30, 2025 | 6.96% |
| Jun 30, 2025 | 7.90% |
| Mar 31, 2025 | 8.02% |
| Dec 31, 2024 | 8.28% |
| Sep 30, 2024 | 8.65% |
| Jun 30, 2024 | 9.65% |
| Mar 31, 2024 | 10.25% |
| Dec 31, 2023 | 10.90% |
| Sep 30, 2023 | 12.00% |
| Jun 30, 2023 | 12.64% |
| Mar 31, 2023 | 12.55% |
| Dec 31, 2022 | 12.19% |
| Sep 30, 2022 | 8.66% |
| Jun 30, 2022 | 7.04% |
| Mar 31, 2022 | 5.79% |
| Dec 31, 2021 | 6.56% |
| Sep 30, 2021 | 11.00% |
API Access
Independent Bank Corp Return on Equity [ROE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=INDB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-equity-[roe]", "ticker": "INDB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-equity-%5Broe%5D&ticker=INDB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();