Independent Bank (INDB) Tax Provisions (2010 - 2026)
Independent Bank's 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 has reported Tax Provisions for 17 years, with the latest figure at $24.4 million in Q1 2026.
- For the quarter ending Q1 2026, Tax Provisions rose 91.37% year-over-year to $24.4 million; the trailing twelve-month figure through Mar 2026 stood at $68.7 million (up 29.45% YoY), and the FY2025 full-year result was $57.0 million, up 3.64% from the prior year.
- Tax Provisions for Q1 2026 stood at $24.4 million, up from $19.5 million in the prior quarter.
- The five-year high for Tax Provisions was $24.4 million in Q1 2026, with the low at $10.1 million in Q3 2025.
- Average Tax Provisions over 5 years is $17.4 million, with a median of $17.1 million recorded in 2022.
- Year-over-year, Tax Provisions soared 923.31% in 2022 and plunged 36.06% in 2024.
- Tracing INDB's Tax Provisions over 5 years: stood at $23.2 million in 2022, then slumped by 30.67% to $16.1 million in 2023, then slipped by 19.96% to $12.9 million in 2024, then surged by 51.01% to $19.5 million in 2025, then advanced by 25.2% to $24.4 million in 2026.
- The last three Tax Provisions figures came in at $24.4 million (Q1 2026), $19.5 million (Q4 2025), and $10.1 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Bank Of Chile | 90,891.20 Bn | 90,891.20 Bn | - | - |
| 2 | Bank Bradesco | 6,807.69 Bn | 6,791.75 Bn | - | - |
| 3 | Lloyds Banking | 426.28 Bn | 426.28 Bn | - | - |
| 4 | NatWest | 184.56 Bn | 184.56 Bn | - | - |
| 5 | First Capital | 181.18 Bn | 181.03 Bn | - | 1.03 Mn |
| 6 | Landmark Bancorp | 164.67 Bn | 164.64 Bn | - | 1.25 Mn |
| 7 | Deutsche Bank Aktiengesellschaft | 161.63 Bn | -151,939.28 Bn | - | 736.40 Mn |
| 8 | KB Financial | 150.02 Bn | 142.15 Bn | - | 428,992.73 |
| 9 | Pnc Financial Services | 88.79 Bn | 88.84 Bn | - | 415.00 Mn |
| 10 | Independent Bank | 3.86 Bn | 3.77 Bn | - | 24.38 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Mar 31, 2021 | 11.94 Mn |
| Dec 31, 2020 | 10.54 Mn |
| Sep 30, 2020 | 11.20 Mn |
| Jun 30, 2020 | 7.78 Mn |
| Mar 31, 2020 | 2.15 Mn |
| Dec 31, 2019 | 14.37 Mn |
| Sep 30, 2019 | 17.04 Mn |
| Jun 30, 2019 | 10.01 Mn |
| Mar 31, 2019 | 11.52 Mn |
| Dec 31, 2018 | 8.26 Mn |
| Sep 30, 2018 | 9.97 Mn |
| Jun 30, 2018 | 9.25 Mn |
| Mar 31, 2018 | 6.83 Mn |
| Dec 31, 2017 | 14.92 Mn |
| Sep 30, 2017 | 12.68 Mn |
| Jun 30, 2017 | 10.73 Mn |
| Mar 31, 2017 | 9.01 Mn |
| Dec 31, 2016 | 7.70 Mn |
| Sep 30, 2016 | 9.79 Mn |
| Jun 30, 2016 | 9.51 Mn |
| Mar 31, 2016 | 8.43 Mn |
| Dec 31, 2015 | 8.27 Mn |
| Sep 30, 2015 | 7.87 Mn |
| Jun 30, 2015 | 7.21 Mn |
| Mar 31, 2015 | 3.87 Mn |
| Dec 31, 2014 | 6.20 Mn |
| Sep 30, 2014 | 6.42 Mn |
| Jun 30, 2014 | 5.93 Mn |
| Mar 31, 2014 | 5.35 Mn |
| Dec 31, 2013 | 2.79 Mn |
| Sep 30, 2013 | 5.30 Mn |
| Jun 30, 2013 | 4.29 Mn |
| Mar 31, 2013 | 4.11 Mn |
| Dec 31, 2012 | 3.13 Mn |
| Sep 30, 2012 | 3.69 Mn |
| Jun 30, 2012 | 3.24 Mn |
| Mar 31, 2012 | 4.62 Mn |
| Dec 31, 2011 | 4.25 Mn |
| Sep 30, 2011 | 4.61 Mn |
| Jun 30, 2011 | 4.09 Mn |
| Mar 31, 2011 | 4.20 Mn |
| Dec 31, 2010 | 3.55 Mn |
| Sep 30, 2010 | 3.67 Mn |
| Jun 30, 2010 | 2.22 Mn |