Independent Bank Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Interest Income	183.19	180.02	166.25	156.33	149.56	129.77
Net Interest Income Growth	7.92%	8.28%	6.35%	4.52%	15.25%	4.98%
Non-Interest Income	47.27	45.64	56.36	50.68	61.91	76.64
Non-Interest Income Growth	-12.83%	-19.02%	11.22%	-18.14%	-19.22%	-5.08%
Revenues Before Loan Losses	230.45	225.66	222.61	207.01	211.47	206.41
Provision for Credit Losses	5.78	6.14	4.47	6.21	5.34	-1.93
Revenue	224.68	219.52	218.14	200.8	206.13	208.34
Revenue Growth (YoY)	2.35%	0.63%	8.64%	-2.59%	-1.06%	8.57%
Compensation Expenses	86.64	85.19	84.96	78.97	81.01	79.97
Selling, General & Admin	35.36	34.48	32.87	30.31	30.18	30.86
Other Non-Interest Expenses	20.28	18.56	17.28	17.85	17.16	20.2
Total Non-Interest Expense	142.28	138.23	135.1	127.12	128.34	131.02
Pretax Income	82.4	81.29	83.05	73.68	77.79	77.31
Provision for Income Taxes	12.57	12.75	16.26	14.61	14.44	14.42
Net Income	69.83	68.54	66.79	59.07	63.35	62.9
Net Income to Common	69.83	68.54	66.79	59.07	63.35	62.9
Net Income Growth	5.18%	2.62%	13.08%	-6.76%	0.73%	12.01%
Shares Outstanding (Basic)	21	21	21	21	21	22
Shares Outstanding (Diluted)	21	21	21	21	21	22
Shares Change (YoY)	-1.20%	-0.68%	-0.30%	-0.59%	-2.34%	-1.86%
EPS (Basic)	3.38	3.30	3.20	2.82	3.00	2.91
EPS (Diluted)	3.35	3.27	3.16	2.79	3.00	2.91
EPS Growth	6.35%	3.48%	13.26%	-7.00%	3.09%	13.67%
Shares Outstanding	20.59	20.69	20.89	20.84	21.06	21.17
Free Cash Flow	-	70.17	55.2	69.57	88.95	104.32
Free Cash Flow Growth	-	27.11%	-20.65%	-21.80%	-14.73%	92.11%
Free Cash Flow Per Share	-	3.35	2.62	3.29	4.18	4.78
Dividends Per Share	1.060	1.040	0.960	0.920	0.880	0.840
Dividend Growth	1.92%	8.33%	4.35%	4.54%	4.76%	5.00%
Profit Margin	31.08%	31.22%	30.62%	29.42%	30.73%	30.19%
FCF Margin	-	31.96%	25.31%	34.64%	43.15%	50.07%
EBITDA	-	9.91	10.01	10.02	10.83	12.13
EBITDA Margin	-	4.51%	4.59%	4.99%	5.25%	5.82%
Effective Tax Rate	15.25%	15.68%	19.57%	19.83%	18.56%	18.65%

Updated Apr 23, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q