Independent Bank Balance Sheet

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
Cash & Equivalents	174.92	138.39	119.88	169.78	74.37	109.47
Securities and Investments	801.4	823.53	914.72	1,050	1,172	1,431
Other Earning Assets	19.71	9.03	7.64	12.06	46.89	90.28
Gross Loans	4,308	4,276	4,039	3,791	3,465	2,905
Allowance for Loan Losses	-63.72	-63.45	-59.38	-54.66	-52.44	-47.25
Net Loans	4,244	4,213	3,979	3,736	3,413	2,858
Net Property, Plant & Equipment	42.32	38.97	37.49	35.52	35.89	36.4
Accrued Interest and Accounts Receivable	158.52	167.52	147.55	132.5	128.9	66.14
Other Intangible Assets	33.12	32.49	48.28	44.25	45.04	29.57
Goodwill	28.3	28.3	28.3	28.3	28.3	28.3
Long-Term Investments	54.07	53.75	53.86	54.34	55.2	55.28
Other Non-Earning Assets	0.77	0.9	0.94	0.57	0.46	0.25
Total Assets	5,558	5,506	5,338	5,264	5,000	4,705
Interest-bearing deposits	3,890	3,770	3,640	3,547	3,109	2,795
Noninterest-bearing deposits	991.14	991.98	1,014	1,076	1,270	1,322
Total Deposits	4,881	4,762	4,654	4,623	4,379	4,117
Short-Term Interbank Borrowing and Repurchase Agreements	27.01	77	45.01	50.03	86.01	30.01
Accrued Expenses	99.39	124.22	104.94	107.13	108.02	80.21
Long-Term Debt	39.88	39.86	79.38	39.51	79.09	78.95
Total Liabilities	5,047	5,003	4,883	4,859	4,652	4,306
Common Stock	307.68	307.85	318.78	317.48	320.99	323.4
Accumulated Other Comprehensive Income	-61.02	-57.69	-69.94	-72.14	-92.76	0.5
Retained Earnings	263.9	252.79	205.85	159.11	119.37	74.58
Shareholders' Equity	510.55	502.95	454.69	404.45	347.6	398.48
Total Liabilities & Equity	5,558	5,506	5,338	5,264	5,000	4,705
Total Debt	39.88	39.86	79.38	39.51	79.09	78.95
Net Cash (Debt)	-39.88	-39.86	-79.38	-39.51	-79.09	-78.95
Net Cash Per Share	-1.91	-1.90	-3.76	-1.87	-3.71	-3.62
Book Value	510.55	502.95	454.69	404.45	347.6	398.48
Book Value Per Share	24.46	23.99	21.54	19.10	16.32	18.27
Tangible Book Value	449.13	442.16	378.1	331.9	274.26	340.62
Tangible Book Value Per Share	21.52	21.09	17.91	15.68	12.88	15.62

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

SEC Filings: 10-K · 10-Q