Independent Bank (INDB) Technology and Communications (2009 - 2026)
Independent Bank (INDB) reported Technology and Communications of $3.21 million for Q2 2026, up 15.3% from $2.78 million a year earlier but down 1.6% from the prior quarter.
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Analysis
Independent Bank (INDB) Technology and Communications (2009 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Independent Bank's Technology and Communications came in at $12.22 million, up 16.5% year-over-year; for FY2025, it came in at $11.18 million, up 12.3% from FY2024.
- Technology and Communications has increased for five consecutive years, with a five-year compound annual growth rate of 12.3% (FY2020 to FY2025).
- By year, Technology and Communications came in at $9.96 million in FY2024 (+0.7%), $9.88 million in FY2023 (+6.1%), $9.32 million in FY2022 (+35.1%) and $6.9 million in FY2021 (+10.1%).
- Five-year quarterly Technology and Communications spans a low of $1.67 million in Q3 2021 and a high of $3.26 million in Q1 2026.
- Year over year, Technology and Communications has now increased in each of the last eight quarters, with growth averaging 12.2% over the last eight quarters.
- The high point for year-over-year Technology and Communications in five years was Q1 2022 (growth of 42.5%); the low point was Q2 2024 (a decline of 4.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $3.26 million (Q1 2026), $2.97 million (Q4 2025) and $2.79 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Technology (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 909.02 Bn | 886.77 Bn | - | 3.34 Bn |
| 2 | Banco Santander Chile | 406.67 Bn | -7,110.43 Bn | - | - |
| 3 | Bank Of America | 350.91 Bn | -2,025.20 Bn | - | 2.01 Bn |
| 4 | Hsbc Holdings | 308.71 Bn | -2,966.46 Bn | - | - |
| 5 | Morgan Stanley | 293.66 Bn | -249.15 Bn | - | 1.30 Bn |
| 6 | Royal Bank Of Canada | 283.56 Bn | -546.44 Bn | - | 284.73 Mn |
| 7 | Goldman Sachs | 262.71 Bn | -3,480.74 Bn | - | 674.00 Mn |
| 8 | Wells Fargo & Company | 257.44 Bn | 92.87 Bn | - | - |
| 9 | Mitsubishi Ufj Financial | 256.82 Bn | -75.42 Bn | 10.89 Bn | - |
| 10 | Independent Bank | 3.98 Bn | 3.90 Bn | - | 3.04 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 3.04 Mn |
| Jun 30, 2026 | 3.21 Mn |
| Mar 31, 2026 | 3.26 Mn |
| Dec 31, 2025 | 2.97 Mn |
| Sep 30, 2025 | 2.79 Mn |
| Jun 30, 2025 | 2.78 Mn |
| Mar 31, 2025 | 2.64 Mn |
| Dec 31, 2024 | 2.56 Mn |
| Sep 30, 2024 | 2.51 Mn |
| Jun 30, 2024 | 2.41 Mn |
| Mar 31, 2024 | 2.48 Mn |
| Dec 31, 2023 | 2.42 Mn |
| Sep 30, 2023 | 2.40 Mn |
| Jun 30, 2023 | 2.53 Mn |
| Mar 31, 2023 | 2.53 Mn |
| Dec 31, 2022 | 2.44 Mn |
| Sep 30, 2022 | 2.26 Mn |
| Jun 30, 2022 | 2.25 Mn |
| Mar 31, 2022 | 2.37 Mn |
| Dec 31, 2021 | 1.88 Mn |
API Access
Independent Bank Technology and Communications 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=technology-and-communications&ticker=INDB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "technology-and-communications", "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=technology-and-communications&ticker=INDB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();