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Independent Bank Corp INDB Total noninterest expense

Total noninterest expense at other companies

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$167.95M+22.6%
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$82.61M+6.2%
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$115.35M+23.2%
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$114.89M+7.8%
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Citizens Financial GroupCFG

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:NoninterestExpense.

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
Consulting expense3,2741,0185,2512,115
Merger and acquisition expense2,2393,0243,394
Other non-interest expenses19,05116,02435,97729,924
Total non-interest expenses140,272108,798283,189214,676
Income before income taxes106,79665,806211,099122,972
Provision for income taxes24,95814,70549,34227,447
Net income$81,838$51,101$161,757$95,525
Basic earnings per share$1.70$1.20$3.33$2.24

Item 1. Financial Statements (unaudited)

FAQ

What is Independent Bank Corp's total noninterest expense?
Independent Bank Corp (INDB) reported total noninterest expense of $140.27M in Q2 2026.
How has Independent Bank Corp's total noninterest expense changed year-over-year?
Independent Bank Corp's total noninterest expense increased by 28.9% year-over-year, from $108.8M to $140.27M.
What is the long-term trend for Independent Bank Corp's total noninterest expense?
Over 4 years (2021 to 2025), Independent Bank Corp's total noninterest expense has grown at a 12.4% compound annual growth rate (CAGR), from $332.53M to $529.88M.
What does total noninterest expense mean?
This metric aggregates all operating costs incurred by the bank excluding interest expense, encompassing items such as personnel compensation, occupancy, technology, and regulatory assessments. It serves as a primary measure of the bank's operational efficiency and cost management discipline. Investors use this figure to calculate the efficiency ratio and evaluate the bank's ability to control overhead relative to its revenue generation.

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