Independent Bank Corp INDB Bank Owned Life Insurance Income
Bank Owned Life Insurance Income at other companies
Other financials
Where this comes from
Reported directly by Independent Bank Corp in its filing.
Tagged under the XBRL concept us-gaap:BankOwnedLifeInsuranceIncome.
The official record: Independent Bank Corp’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Independent Bank Corp's bank owned life insurance income?
- Independent Bank Corp (INDB) reported bank owned life insurance income of $2.71M in Q1 2026.
- How has Independent Bank Corp's bank owned life insurance income changed year-over-year?
- Independent Bank Corp's bank owned life insurance income increased by 31.3% year-over-year, from $2.07M to $2.71M.
- What is the long-term trend for Independent Bank Corp's bank owned life insurance income?
- Over 4 years (2021 to 2025), Independent Bank Corp's bank owned life insurance income has grown at a 10.1% compound annual growth rate (CAGR), from $6.43M to $9.43M.
- What does bank owned life insurance income mean?
- Earnings generated from life insurance policies purchased by the bank on the lives of key employees or officers. It serves as a tax-advantaged method to offset the costs of employee benefit plans and provides a stable, recurring non-interest income stream.