Independent Bank Corp INDB Net addition to the allowance for credit losses

Net addition to the allowance for credit losses at other companies

First BanCorpFBP

-$3.9M-215%

Jackson FinancialJXN

$27M+2,600%

Granite Point Mortgage TrustGPMT

$100K+100%

Honeywell InternationalHON

$389M+3.7%

JPMorgan ChaseJPM

$25.93B+2.9%

Corebridge FinancialCRBG

$15M+225%

Other financials

Income statement

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Revenue$252.7M+41.9%

Net income$79.9M+79.9%

EPS (diluted)$1.63+56.7%

Balance sheet

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Cash & equivalents$729.0M+1.7%

Total debt$776.3M-9.7%

Total equity$3.5B+16.8%

Total assets$24.8B+24.6%

Cash flow

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Operating cash flow$117.2M+779%

CapEx$5.6M+176%

Free cash flow$111.6M+887%

Valuation

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Market cap$3.91B+36.8%

Enterprise value$3.96B+31.6%

P/E16.3×+1.1×

P/S4.2×+0.1×

Profitability

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Net margin25.8%-1.1pp

FCF margin36.4%+11.5pp

Returns & leverage

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Return on equity7.3%+0.9pp

Debt / equity0.2×-0.1×

Where this comes from

Reported directly by Independent Bank Corp in its filing.

Tagged under the XBRL concept us-gaap:FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease.

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 net addition to the allowance for credit losses?: Independent Bank Corp (INDB) reported net addition to the allowance for credit losses of -$683K in Q1 2026.
How has Independent Bank Corp's net addition to the allowance for credit losses changed year-over-year?: Independent Bank Corp's net addition to the allowance for credit losses decreased by 102.6% year-over-year, from $25.9M to -$683K.