Independent Bank (INDB) Tax Provisions (2010 - 2026)
Independent Bank (INDB) posted quarterly Tax Provisions of $24.4 million for Q1 2026, up 91.37% year-over-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.
- In Q1 2026, Tax Provisions rose 91.37% year-over-year to $24.4 million; the TTM figure through Mar 2026 stood at $68.7 million (up 29.45% YoY), while the FY2025 annual figure 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.
- The 5-year median for Tax Provisions is $17.1 million (2022), against an average of $17.4 million.
- The sharpest annual moves came in 2022 and 2024: Tax Provisions soared 923.31% in 2022, then tumbled 36.06% in 2024.
- Independent Bank's Tax Provisions stood at $23.2 million in 2022, then slumped by 30.67% to $16.1 million in 2023, then retreated by 19.96% to $12.9 million in 2024, then soared by 51.01% to $19.5 million in 2025, then rose by 25.2% to $24.4 million in 2026.
- Business Quant data shows INDB's Tax Provisions at $24.4 million in Q1 2026, $19.5 million in Q4 2025, and $10.1 million in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Hdfc Bank | 120.89 Bn | 84.69 Bn | - | - |
| 2 | Pnc Financial Services | 97.65 Bn | 97.65 Bn | - | 531.00 Mn |
| 3 | Us Bancorp | 95.97 Bn | 95.97 Bn | - | 537.00 Mn |
| 4 | Lloyds Banking | 93.61 Bn | 93.91 Bn | - | -939.17 Mn |
| 5 | NatWest | 74.78 Bn | -144.31 Bn | - | -821.11 Mn |
| 6 | Deutsche Bank Aktiengesellschaft | 72.01 Bn | -81.30 Bn | - | 1.12 Bn |
| 7 | Nu Holdings | 71.04 Bn | 57.36 Bn | 2.35 Bn | -175.22 Mn |
| 8 | Truist Financial | 61.56 Bn | 61.56 Bn | - | 262.00 Mn |
| 9 | Fifth Third Bancorp | 49.63 Bn | 25.91 Bn | - | 235.00 Mn |
| 10 | Independent Bank | 4.01 Bn | 3.92 Bn | - | 24.96 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 24.96 Mn |
| 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 |