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

Independent Bank's quarterly Tax Rate came in at 23.38% in Q1 2026, up 109.0% year-on-year from 11.19% in Q1 2025, and up 13.81% quarter-over-quarter from 20.54% in Q4 2025.

Independent Bank has reported Tax Rate for 17 years, with the latest figure at 23.38% in Q1 2026.

  • For the quarter ending Q1 2026, Tax Rate rose 109.0% year-over-year to 23.38%; the trailing twelve-month figure through Mar 2026 stood at 22.21% (up 26.0% YoY), and the FY2025 full-year result was 21.76%, down 51.0% from the prior year.
  • Tax Rate for Q1 2026 stood at 23.38%, up from 20.54% in the prior quarter.
  • The five-year high for Tax Rate was 24.84% in Q2 2022, with the low at 20.49% in Q4 2024.
  • Average Tax Rate over 5 years is 23.12%, with a median of 23.18% recorded in 2022.
  • Peak annual rise in Tax Rate reached 212 bps in 2022, while the deepest fall reached 22865 bps in 2022.
  • Tracing INDB's Tax Rate over 5 years: stood at 23.18% in 2022, then slipped by 2 bps to 22.72% in 2023, then declined by 10 bps to 20.49% in 2024, then grew by 0 bps to 20.54% in 2025, then rose by 14 bps to 23.38% in 2026.
  • The last three Tax Rate figures came in at 23.38% (Q1 2026), 20.54% (Q4 2025), and 22.81% (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Tax Rate (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 - 19.21
6 Landmark Bancorp 164.67 Bn 164.64 Bn - 19.83
7 Deutsche Bank Aktiengesellschaft 161.63 Bn -151,939.28 Bn - 28.76
8 KB Financial 150.02 Bn 142.15 Bn - 0.05
9 Pnc Financial Services 88.79 Bn 88.84 Bn - 18.98
10 Independent Bank 3.86 Bn 3.77 Bn - 23.38

Historic Data

Download Data 🔒
DateValue
Mar 31, 2026 23.38
Mar 31, 2026 23.38
Dec 31, 2025 20.54
Dec 31, 2025 20.54
Sep 30, 2025 22.81
Sep 30, 2025 22.81
Jun 30, 2025 22.35
Jun 30, 2025 22.35
Mar 31, 2025 22.29
Mar 31, 2025 22.29
Dec 31, 2024 20.49
Dec 31, 2024 20.49
Sep 30, 2024 22.35
Sep 30, 2024 22.35
Jun 30, 2024 22.69
Jun 30, 2024 22.69
Mar 31, 2024 23.56
Mar 31, 2024 23.56
Dec 31, 2023 22.72
Dec 31, 2023 22.72
Sep 30, 2023 24.12
Sep 30, 2023 24.12
Jun 30, 2023 24.30
Jun 30, 2023 24.30
Mar 31, 2023 24.69
Mar 31, 2023 24.69
Dec 31, 2022 23.18
Dec 31, 2022 23.18
Sep 30, 2022 24.37
Sep 30, 2022 24.37
Jun 30, 2022 24.84
Jun 30, 2022 24.84
Mar 31, 2022 24.37
Mar 31, 2022 24.37
Dec 31, 2021 251.83
Dec 31, 2021 251.83
Sep 30, 2021 26.09
Sep 30, 2021 26.09
Jun 30, 2021 24.88
Jun 30, 2021 24.88
Mar 31, 2021 22.25
Mar 31, 2021 22.25
Dec 31, 2020 23.33
Dec 31, 2020 23.33
Sep 30, 2020 24.31
Sep 30, 2020 24.31
Jun 30, 2020 23.80
Jun 30, 2020 23.80
Mar 31, 2020 7.43
Mar 31, 2020 7.43
Dec 31, 2019 23.23
Dec 31, 2019 23.23
Sep 30, 2019 24.73
Sep 30, 2019 24.73
Jun 30, 2019 24.63
Jun 30, 2019 24.63
Mar 31, 2019 24.65
Mar 31, 2019 24.65
Dec 31, 2018 21.62
Dec 31, 2018 21.62
Sep 30, 2018 23.19
Sep 30, 2018 23.19
Jun 30, 2018 22.91
Jun 30, 2018 22.91
Mar 31, 2018 19.86
Mar 31, 2018 19.86
Dec 31, 2017 40.33
Dec 31, 2017 40.33
Sep 30, 2017 34.71
Sep 30, 2017 34.71
Jun 30, 2017 34.29
Jun 30, 2017 34.29
Mar 31, 2017 30.31
Mar 31, 2017 30.31
Dec 31, 2016 30.94
Dec 31, 2016 30.94
Sep 30, 2016 32.34
Sep 30, 2016 32.34
Jun 30, 2016 31.82
Jun 30, 2016 31.82
Mar 31, 2016 31.17
Mar 31, 2016 31.17
Dec 31, 2015 29.82
Dec 31, 2015 29.82
Sep 30, 2015 29.73
Sep 30, 2015 29.73
Jun 30, 2015 29.25
Jun 30, 2015 29.25
Mar 31, 2015 29.03
Mar 31, 2015 29.03
Dec 31, 2014 27.96
Dec 31, 2014 27.96
Sep 30, 2014 28.96
Sep 30, 2014 28.96
Jun 30, 2014 28.69
Jun 30, 2014 28.69
Mar 31, 2014 28.56
Mar 31, 2014 28.56
Dec 31, 2013 20.83
Dec 31, 2013 20.83
Sep 30, 2013 26.56
Sep 30, 2013 26.56
Jun 30, 2013 25.14
Jun 30, 2013 25.14
Mar 31, 2013 25.14
Mar 31, 2013 25.14
Dec 31, 2012 23.88
Dec 31, 2012 23.88
Sep 30, 2012 24.12
Sep 30, 2012 24.12
Jun 30, 2012 26.73
Jun 30, 2012 26.73
Mar 31, 2012 27.50
Mar 31, 2012 27.50
Dec 31, 2011 27.55
Dec 31, 2011 27.55
Sep 30, 2011 27.81
Sep 30, 2011 27.81
Jun 30, 2011 26.90
Jun 30, 2011 26.90
Mar 31, 2011 27.30
Mar 31, 2011 27.30
Dec 31, 2010 23.07
Dec 31, 2010 23.07
Sep 30, 2010 24.75
Sep 30, 2010 24.75
Jun 30, 2010 21.62
Jun 30, 2010 21.62