Independent Bank (INDB) Tax Provisions (2010 - 2026)

Independent Bank's (INDB) quarterly Tax Provisions came in at $24.4 million in Q1 2026, up 91.37% year-on-year from $12.7 million in Q1 2025, and up 25.2% quarter-over-quarter from $19.5 million in Q4 2025.

Independent Bank (INDB) Tax Provisions (2010 - 2026) Analysis & Trends

Independent Bank's Tax Provisions history runs 17 years deep, the most recent figure standing at $24.4 million for Q1 2026.

  • On a quarterly basis, Tax Provisions rose 91.37% year-over-year to $24.4 million in Q1 2026; TTM through Mar 2026 was $68.7 million, a 29.45% increase from a year earlier, with the FY2025 full-year figure at $57.0 million, up 3.64% from the prior year.
  • Tax Provisions improved to $24.4 million in Q1 2026 per INDB's latest filing, from $19.5 million in the prior quarter.
  • Across five years, Tax Provisions topped out at $24.4 million in Q1 2026 and bottomed at $10.1 million in Q3 2025.
  • The 5-year median for Tax Provisions is $17.1 million (2022), against an average of $17.4 million.
  • Across the five-year window, Tax Provisions soared 923.31% in 2022 and plunged 36.06% in 2024, its largest moves.
  • Year by year, Tax Provisions stood at $23.2 million in 2022, then sank by 30.67% to $16.1 million in 2023, then decreased by 19.96% to $12.9 million in 2024, then jumped by 51.01% to $19.5 million in 2025, then gained by 25.2% to $24.4 million in 2026.
  • Per Business Quant, the three latest INDB Tax Provisions figures stand at $24.4 million (Q1 2026), $19.5 million (Q4 2025), and $10.1 million (Q3 2025).

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Taxes (Qtr)
1 KB Financial 43,124.21 Bn 43,125.44 Bn -775,612.08 422,877.20
2 Shinhan Financial 33,971.34 Bn 33,973.00 Bn - 385.94 Mn
3 Bank Of Chile 4,105.33 Bn 4,105.33 Bn 167,623.00 -78,154.00
4 NatWest 768.74 Bn 572.78 Bn 1.79 Bn -709.14 Mn
5 Mizuho Financial 385.64 Bn 389.59 Bn - 75.02 Mn
6 Lloyds Banking 358.14 Bn 358.14 Bn - -633.64 Mn
7 First Capital 200.03 Bn 199.69 Bn - 1.03 Mn
8 Landmark Bancorp 187.97 Bn 187.94 Bn - 1.25 Mn
9 Pnc Financial Services 100.96 Bn 101.01 Bn - 415.00 Mn
10 Independent Bank 4.15 Bn 4.10 Bn - 24.38 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 24.38 Mn
Dec 31, 2025 19.48 Mn
Sep 30, 2025 10.13 Mn
Jun 30, 2025 14.71 Mn
Mar 31, 2025 12.74 Mn
Dec 31, 2024 12.90 Mn
Sep 30, 2024 12.36 Mn
Jun 30, 2024 15.06 Mn
Mar 31, 2024 14.73 Mn
Dec 31, 2023 16.11 Mn
Sep 30, 2023 19.33 Mn
Jun 30, 2023 20.10 Mn
Mar 31, 2023 20.08 Mn
Dec 31, 2022 23.24 Mn
Sep 30, 2022 23.17 Mn
Jun 30, 2022 20.42 Mn
Mar 31, 2022 17.11 Mn
Dec 31, 2021 -2.82 Mn
Sep 30, 2021 14.12 Mn
Jun 30, 2021 12.45 Mn