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Independent Bank Corp INDB Occupancy and equipment

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Other financials

Income statement

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Revenue$253.3M+39.3%
Net income$81.8M+60.1%
EPS (diluted)$1.70+41.7%

Balance sheet

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Cash & equivalents$1.0B+11.1%
Total debt$701.5M-7.6%
Total equity$3.5B+14.2%
Total assets$25.0B+24.6%

Cash flow

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Operating cash flow$73.4M-31.2%
CapEx$6.4M+52.5%
Free cash flow$67.0M-34.7%

Valuation

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Market cap$4B+26.0%
Enterprise value$3.7B+22.0%
P/E14.7×-2.1×
P/S-0.5×

Profitability

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Net margin27%+0.6pp
FCF margin30.3%+0.1pp

Returns & leverage

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Return on equity8.2%+1.9pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Independent Bank Corp in its filing.

Tagged under the XBRL concept us-gaap:OccupancyNet.

The source filing: Independent Bank Corp’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000776901-26-000129
Line itemThree Months Ended / June 30 / 2026Three Months Ended / June 30 / 2025Six Months Ended / June 30 / 2026Six Months Ended / June 30 / 2025
Total non-interest income42,39134,30882,65266,847
Non-interest expenses
Salaries and employee benefits79,08862,856159,825124,787
Occupancy and equipment expenses16,17013,15833,47627,017
Data processing and facilities management3,2082,7836,4675,425
Software and subscriptions7,0705,16614,13810,193
FDIC assessment3,1582,3736,4865,361
Debit card expense2,4621,9844,8643,919

Item 1. Financial Statements (unaudited)

FAQ

What is Independent Bank Corp's occupancy and equipment?
Independent Bank Corp (INDB) reported occupancy and equipment of $16.17M in Q2 2026.
How has Independent Bank Corp's occupancy and equipment changed year-over-year?
Independent Bank Corp's occupancy and equipment increased by 22.9% year-over-year, from $13.16M to $16.17M.
What is the long-term trend for Independent Bank Corp's occupancy and equipment?
Over 4 years (2021 to 2025), Independent Bank Corp's occupancy and equipment has grown at a 12.3% compound annual growth rate (CAGR), from $36.27M to $57.6M.
What does occupancy and equipment mean?
Costs for office and branch facilities (rent, utilities, maintenance) and equipment (depreciation, repairs, technology hardware) used in operations.

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