Independent Bank annual operating expenses
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Independent Bank Operating Expenses Growth & History (INDB)
Independent Bank's operating expenses was $529.9M for fiscal 2025.
View full Independent Bank company overviewIndependent Bank annual operating expenses history
| Fiscal year | Period ended | Operating expenses | Change | Growth |
|---|---|---|---|---|
| 2025 | 2025-12-31 | $529.9M | $123.5M | +30.40% |
| 2024 | 2024-12-31 | $406.4M | $13.6M | +3.47% |
| 2023 | 2023-12-31 | $392.7M | $19.1M | +5.11% |
| 2022 | 2022-12-31 | $373.7M | $41.1M | +12.37% |
| 2021 | 2021-12-31 | $332.5M | $58.7M | +21.44% |
| 2020 | 2020-12-31 | $273.8M | −$10.5M | −3.69% |
| 2019 | 2019-12-31 | $284.3M | $58.4M | +25.82% |
| 2018 | 2018-12-31 | $226.0M | $21.6M | +10.57% |
| 2017 | 2017-12-31 | $204.4M | $12.2M | +6.37% |
| 2016 | 2016-12-31 | $192.1M | −$5.0M | −2.54% |
| 2015 | 2015-12-31 | $197.1M | $25.3M | +14.72% |
| 2014 | 2014-12-31 | $171.8M | −$1.8M | −1.04% |
| 2013 | 2013-12-31 | $173.6M | $14.2M | +8.90% |
| 2012 | 2012-12-31 | $159.5M | $13.7M | +9.43% |
| 2011 | 2011-12-31 | $145.7M | $6.0M | +4.27% |
| 2010 | 2010-12-31 | $139.7M | −$2.1M | −1.46% |
| 2009 | 2009-12-31 | $141.8M | — | — |
Independent Bank quarterly operating expenses
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Q2.26
| Fiscal quarter | Period ended | Operating expenses | Change | YoY change |
|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $140.3M | $31.5M | +28.93% |
| Q1 2026 | 2026-03-31 | $142.9M | $37.0M | +34.98% |
| Q4 2025 | 2025-12-31 | $154.4M | $47.9M | +45.05% |
| Q3 2025 | 2025-09-30 | $160.8M | $60.4M | +60.13% |
| Q2 2025 | 2025-06-30 | $108.8M | $9.2M | +9.22% |
| Q1 2025 | 2025-03-31 | $105.9M | $6.0M | +6.00% |
| Q4 2024 | 2024-12-31 | $106.4M | $5.7M | +5.63% |
| Q3 2024 | 2024-09-30 | $100.4M | $2.7M | +2.72% |
| Q2 2024 | 2024-06-30 | $99.6M | $4.1M | +4.25% |
| Q1 2024 | 2024-03-31 | $99.9M | $1.2M | +1.24% |
| Q4 2023 | 2023-12-31 | $100.7M | $5.9M | +6.19% |
| Q3 2023 | 2023-09-30 | $97.8M | $5.1M | +5.45% |
| Q2 2023 | 2023-06-30 | $95.6M | $5.0M | +5.51% |
| Q1 2023 | 2023-03-31 | $98.7M | $3.2M | +3.31% |
| Q4 2022 | 2022-12-31 | $94.9M | −$22.3M | −19.00% |
| Q3 2022 | 2022-09-30 | $92.7M | $20.3M | +28.04% |
| Q2 2022 | 2022-06-30 | $90.6M | $17.3M | +23.55% |
| Q1 2022 | 2022-03-31 | $95.5M | $25.8M | +37.05% |
| Q4 2021 | 2021-12-31 | $117.1M | $43.4M | +58.86% |
| Q3 2021 | 2021-09-30 | $72.4M | $5.8M | +8.64% |
| Q2 2021 | 2021-06-30 | $73.3M | $6.7M | +10.05% |
| Q1 2021 | 2021-03-31 | $69.7M | $2.8M | +4.25% |
| Q4 2020 | 2020-12-31 | $73.7M | $6.3M | +9.31% |
| Q3 2020 | 2020-09-30 | $66.7M | −$875,000 | −1.30% |
| Q2 2020 | 2020-06-30 | $66.6M | −$26.4M | −28.40% |
| Q1 2020 | 2020-03-31 | $66.8M | $10.5M | +18.70% |
| Q4 2019 | 2019-12-31 | $67.4M | $3.1M | +4.74% |
| Q3 2019 | 2019-09-30 | $67.5M | $12.1M | +21.81% |
| Q2 2019 | 2019-06-30 | $93.0M | $40.3M | +76.57% |
| Q1 2019 | 2019-03-31 | $56.3M | $2.9M | +5.35% |
| Q4 2018 | 2018-12-31 | $64.4M | $12.9M | +25.11% |
| Q3 2018 | 2018-09-30 | $55.4M | $4.1M | +8.05% |
| Q2 2018 | 2018-06-30 | $52.7M | −$121,000 | −0.23% |
| Q1 2018 | 2018-03-31 | $53.5M | $4.7M | +9.59% |
| Q4 2017 | 2017-12-31 | $51.5M | −$170,000 | −0.33% |
| Q3 2017 | 2017-09-30 | $51.3M | $4.5M | +9.50% |
| Q2 2017 | 2017-06-30 | $52.8M | $5.7M | +12.01% |
| Q1 2017 | 2017-03-31 | $48.8M | $2.3M | +4.93% |
| Q4 2016 | 2016-12-31 | $51.6M | $5.2M | +11.08% |
| Q3 2016 | 2016-09-30 | $46.9M | −$174,000 | −0.37% |
| Q2 2016 | 2016-06-30 | $47.1M | −$1.5M | −3.08% |
| Q1 2016 | 2016-03-31 | $46.5M | −$8.5M | −15.45% |
| Q4 2015 | 2015-12-31 | $46.5M | $2.1M | +4.78% |
| Q3 2015 | 2015-09-30 | $47.0M | $4.4M | +10.38% |
| Q2 2015 | 2015-06-30 | $48.6M | $5.7M | +13.18% |
| Q1 2015 | 2015-03-31 | $55.0M | $13.1M | +31.25% |
| Q4 2014 | 2014-12-31 | $44.4M | −$3.5M | −7.28% |
| Q3 2014 | 2014-09-30 | $42.6M | $1.9M | +4.63% |
| Q2 2014 | 2014-06-30 | $43.0M | $816,000 | +1.94% |
| Q1 2014 | 2014-03-31 | $41.9M | −$1.0M | −2.41% |
| Q4 2013 | 2013-12-31 | $47.8M | $2.8M | +6.20% |
| Q3 2013 | 2013-09-30 | $40.7M | $670,000 | +1.67% |
| Q2 2013 | 2013-06-30 | $42.2M | $5.2M | +13.96% |
| Q1 2013 | 2013-03-31 | $42.9M | $5.6M | +14.89% |
| Q4 2012 | 2012-12-31 | $45.0M | $8.1M | +21.91% |
| Q3 2012 | 2012-09-30 | $40.1M | $4.6M | +13.07% |
| Q2 2012 | 2012-06-30 | $37.0M | $143,000 | +0.39% |
| Q1 2012 | 2012-03-31 | $37.4M | $876,000 | +2.40% |
| Q4 2011 | 2011-12-31 | $37.0M | — | — |
| Q3 2011 | 2011-09-30 | $35.4M | $883,000 | +2.56% |
| Q2 2011 | 2011-06-30 | $36.9M | $1.9M | +5.52% |
| Q1 2011 | 2011-03-31 | $36.5M | — | — |
| Q3 2010 | 2010-09-30 | $34.5M | — | — |
| Q2 2010 | 2010-06-30 | $34.9M | — | — |
Independent Bank operating expenses trends
Over the last five fiscal years, Independent Bank's operating expenses increased from $273.8M to $529.9M, a change of $256.0M. The latest reported quarter, Q2 2026, shows $140.3M.
About the metric
What operating expenses mean
Operating expenses are the recurring costs of running a company’s business beyond the direct costs used to calculate gross profit. They commonly include selling, general and administrative expenses, research and development, and other operating costs.
Calculation and source
SEC-reported and calculated operating expenses
TickerStat uses operating expenses reported in company SEC filings when available. When a separate total is unavailable, it calculates operating expenses as aligned gross profit minus operating income for the same fiscal period. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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