Independent Bank (INDB) Tax Rate (2009 - 2026)
Independent Bank (INDB) reported Tax Rate of 21.76% for FY2025, down 0.51 percentage points from 22.27% in FY2024.
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Analysis
Independent Bank (INDB) Tax Rate (2009 - 2026) Analysis & Trends
Dating back to FY2009, Independent Bank's Tax Rate record includes 17 years.
- Tax Rate has declined for three consecutive years, though with a five-year change of +1.04 percentage points (FY2020 to FY2025).
- The FY2025 figure ranks as the lowest annual Tax Rate since FY2020.
- According to Business Quant data, Tax Rate came in at 22.27% in FY2024 (-1.73 pp), 24.00% in FY2023 (-0.14 pp), 24.14% in FY2022 (+1.36 pp) and 22.78% in FY2021 (+2.05 pp).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 23.98% |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 22.68% |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 23.29% |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 22.26% |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 24.40% |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | 16.36% |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | 24.29% |
| 10 | Independent Bank | 3.98 Bn | 3.90 Bn | - | 23.31% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 23.31% |
| Jun 30, 2026 | 23.37% |
| Mar 31, 2026 | 23.38% |
| Dec 31, 2025 | 20.54% |
| Sep 30, 2025 | 22.81% |
| Jun 30, 2025 | 22.35% |
| Mar 31, 2025 | 22.29% |
| Dec 31, 2024 | 20.49% |
| Sep 30, 2024 | 22.35% |
| Jun 30, 2024 | 22.69% |
| Mar 31, 2024 | 23.56% |
| Dec 31, 2023 | 22.72% |
| Sep 30, 2023 | 24.12% |
| Jun 30, 2023 | 24.30% |
| Mar 31, 2023 | 24.69% |
| Dec 31, 2022 | 23.18% |
| Sep 30, 2022 | 24.37% |
| Jun 30, 2022 | 24.84% |
| Mar 31, 2022 | 24.37% |
| Sep 30, 2021 | 26.09% |
API Access
Independent Bank Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=INDB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "INDB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=INDB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();