Company / Income Tax
Independent Bank Corp. Income Tax History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
$57.0M
FY2025
5-year range
$35.7M / $83.9M
FY2021-FY2025
Trend
+3.6%
vs FY2024
Sector context
#193 of 392
Financials
What the data says
At $57M, Independent Bank Corp.'s income tax ranks #200 of 392 in the Financials sector. Income Tax returned to growth in FY2025 after 2 years of decline, reaching $57M.
Based on SEC 10-K filings.
$57M in FY2025 with a 5-year CAGR of +12.5%.
Improved from $76M to $57M over the past 2 years.
Financials sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- -12.1%
- 5-Year CAGR
- +12.5%
- 10-Year CAGR
- -
Sector benchmark
#200 of 392 in FinancialsTop 51% of 392This company $57.0M Sector average $321.5M
▼
-82.3% below sector average
Key checks
Key Insights
- 5-year CAGR of +12.5%, indicating consistent growth.
- In FY2025, income tax increased 3.6% year-over-year.
- Ranks #193 out of 392 companies in the Financials sector.
- Peak income tax was recorded in FY2022.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $57.0M | +3.6% |
| FY2024 | $55.0M | -27.2% |
| FY2023 | $75.6M | -9.9% |
| FY2022 | $83.9M | +135.2% |
| FY2021 | $35.7M | +12.7% |
| FY2020 | $31.7M | -40.2% |
| FY2019 | $52.9M | +54.3% |
| FY2018 | $34.3M | -27.5% |
| FY2017 | $47.3M | +33.6% |
| FY2016 | $35.4M | +30.2% |
As of FY2025 · SEC 10-K · Updated Feb 28, 2026