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

Independent Bank's Tax Rate history runs 17 years deep, the most recent figure standing at 23.38% for Q1 2026.

• In Q1 2026, Tax Rate rose 109.0% year-over-year to 23.38%; the TTM figure through Mar 2026 stood at 22.21% (up 26.0% YoY), while the FY2025 annual figure was 21.76%, down 51.0% from the prior year.
• Tax Rate was 23.38% for Q1 2026 at Independent Bank, up from 20.54% in the prior quarter.
• In the past five years, Tax Rate ranged from a high of 24.84% in Q2 2022 to a low of 20.49% in Q4 2024.
• Historically, Tax Rate has averaged 23.12% across 5 years, with a median of 23.18% in 2022.
• Biggest YoY gain for Tax Rate was 212 bps in 2022; the steepest drop was 22865 bps in 2022.
• A 5-year view of Tax Rate shows it stood at 23.18% in 2022, then decreased by 2 bps to 22.72% in 2023, then dropped by 10 bps to 20.49% in 2024, then climbed by 0 bps to 20.54% in 2025, then increased 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.