Independent Bank Corp (INDB) Wages, Salaries and Other (2010 - 2026)
Independent Bank (INDB) reported Wages, Salaries and Other of $79.09 million for Q2 2026, up 25.8% from $62.86 million a year earlier but down 2.0% from the prior quarter.
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Analysis
Independent Bank Corp (INDB) Wages, Salaries and Other (2010 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Independent Bank's Wages, Salaries and Other came in at $322.54 million, up 32.1% year-over-year; for FY2025, it was $287.5 million, up 23.0% from FY2024.
- Wages, Salaries and Other has increased for 16 consecutive years, with a five-year compound annual growth rate of 13.5% (FY2020 to FY2025).
- By year, Wages, Salaries and Other came in at $233.65 million in FY2024 (+5.2%), $222.14 million in FY2023 (+8.5%), $204.71 million in FY2022 (+18.6%) and $172.59 million in FY2021 (+13.2%).
- Five-year quarterly Wages, Salaries and Other spans a low of $42.24 million in Q3 2021 and a high of $81.58 million in Q4 2025.
- Year over year, Wages, Salaries and Other has now increased in each of the last 23 quarters, with growth averaging 20.2% over the last eight quarters.
- Over the past five years, the year-over-year growth in Wages, Salaries and Other ranged from 0.3% (Q1 2024) to 37.8% (Q4 2025).
- Per Business Quant data, the three quarters before Q2 2026 came in at $80.74 million (Q1 2026), $81.58 million (Q4 2025) and $81.13 million (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 79.09 Mn |
| Mar 31, 2026 | 80.74 Mn |
| Dec 31, 2025 | 81.58 Mn |
| Sep 30, 2025 | 81.13 Mn |
| Jun 30, 2025 | 62.86 Mn |
| Mar 31, 2025 | 61.93 Mn |
| Dec 31, 2024 | 59.21 Mn |
| Sep 30, 2024 | 60.11 Mn |
| Jun 30, 2024 | 57.16 Mn |
| Mar 31, 2024 | 57.17 Mn |
| Dec 31, 2023 | 56.39 Mn |
| Sep 30, 2023 | 54.80 Mn |
| Jun 30, 2023 | 53.98 Mn |
| Mar 31, 2023 | 56.98 Mn |
| Dec 31, 2022 | 53.75 Mn |
| Sep 30, 2022 | 52.71 Mn |
| Jun 30, 2022 | 49.54 Mn |
| Mar 31, 2022 | 48.71 Mn |
| Dec 31, 2021 | 47.83 Mn |
| Sep 30, 2021 | 42.24 Mn |
API Access
Independent Bank Corp Wages, Salaries and Other 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=wages-salaries-and-other&ticker=INDB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "wages-salaries-and-other", "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=wages-salaries-and-other&ticker=INDB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();