Independent Bank Corp INDB Provision for Credit Losses

Provision for Credit Losses at other companies

Eastern Bankshares, Inc.EBC

$6.76M-11.1%

International BancsharesIBOC

$11.11M+153%

First Merchants CorporationFRME

$33M+489%

Customers BancorpCUBI

$600K-62.5%

Stock Yards BancorpSYBT

$425K—

Independent Bank CorporationIBCP

$2.72M+81.1%

FAQ

What is Independent Bank Corp's provision for credit losses?

Independent Bank Corp (INDB) reported provision for credit losses of $1.87M in Q2 2026.

How has Independent Bank Corp's provision for credit losses changed year-over-year?

Independent Bank Corp's provision for credit losses decreased by 73.2% year-over-year, from $6.97M to $1.87M.

What is the long-term trend for Independent Bank Corp's provision for credit losses?

Over 2 years (2021 to 2024), Independent Bank Corp's provision for credit losses has grown at a -24.6% compound annual growth rate (CAGR), from $18.21M to $10.35M.

What does provision for credit losses mean?

Expense recognized to build or adjust allowances for expected credit losses on loans, receivables, and other financial assets, based on forward-looking CECL methodology.