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| 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 |