Independent Bank Corp INDB Software Maintenance
Software Maintenance at other companies
Other financials
Where this comes from
Reported directly by Independent Bank Corp in its filing.
Tagged under the XBRL concept indb:SoftwareMaintenance.
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 software maintenance?
- Independent Bank Corp (INDB) reported software maintenance of $7.07M in Q1 2026.
- How has Independent Bank Corp's software maintenance changed year-over-year?
- Independent Bank Corp's software maintenance increased by 40.6% year-over-year, from $5.03M to $7.07M.
- What is the long-term trend for Independent Bank Corp's software maintenance?
- Over 4 years (2021 to 2025), Independent Bank Corp's software maintenance has grown at a 31.3% compound annual growth rate (CAGR), from $8.15M to $24.22M.
- What does software maintenance mean?
- This metric tracks the recurring expenditures required to support, update, and secure the bank's core technology infrastructure and digital banking platforms. It reflects the ongoing investment in maintaining operational stability and cybersecurity compliance within the bank's IT environment. Higher levels of spending in this area are often indicative of a commitment to digital transformation and the mitigation of operational risk.