Independent Bank Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013 - 1994
Revenue	200.8	206.13	208.34	191.89	169.49	156.59	130.52	123.25	117.83	115.17	Upgrade
Revenue Growth (YoY)	-2.59%	-1.06%	8.57%	13.22%	8.24%	19.98%	5.90%	4.60%	2.31%	-9.16%	Upgrade
Gross Profit	200.8	206.13	208.34	191.89	169.49	156.59	130.52	123.25	117.83	115.17	Upgrade
Selling, General & Admin	109.27	111.18	110.82	103.79	96.74	90.17	81.2	76.21	75.48	74.89	Upgrade
Other Operating Expenses	17.85	17.16	20.2	18.62	14.99	17.29	11.49	13.82	12.97	15.06	Upgrade
Operating Expenses	127.12	128.34	131.02	122.41	111.73	107.46	92.69	90.03	88.45	89.95	Upgrade
Operating Income	73.68	77.79	77.31	69.48	57.76	49.13	37.83	33.22	29.38	25.22	Upgrade
Other Expense / Income	-	-	-	-	-	-	-0.61	0.32	-	-	Upgrade
Pretax Income	73.68	77.79	77.31	69.48	57.76	49.13	38.44	32.9	29.38	25.22	Upgrade
Income Tax	14.61	14.44	14.42	13.33	11.33	9.29	17.96	10.14	9.36	7.2	Upgrade
Net Income	59.07	63.35	62.9	56.15	46.44	39.84	20.48	22.77	20.02	18.02	Upgrade
Net Income Growth	-6.76%	0.73%	12.01%	20.93%	16.56%	94.57%	-10.06%	13.73%	11.08%	-78.04%	Upgrade
Shares Outstanding (Basic)	21	21	21	22	22	24	21	21	22	23	Upgrade
Shares Change	-1.07%	-1.00%	-2.78%	-2.66%	-6.74%	13.00%	0.41%	-4.72%	-2.85%	0.61%	Upgrade
EPS (Basic)	2.82	3.00	2.91	2.56	2.03	1.70	0.96	1.06	0.88	0.79	Upgrade
EPS (Diluted)	2.79	2.97	2.88	2.53	2.00	1.68	0.95	1.05	0.86	0.77	Upgrade
EPS Growth	-6.06%	3.13%	13.83%	26.50%	19.05%	76.84%	-9.52%	22.09%	11.69%	-78.31%	Upgrade
Free Cash Flow	71.21	90.79	104.38	55.43	29.63	41.17	34.39	20.66	19.06	9.08	Upgrade
Free Cash Flow Per Share	3.42	4.31	4.91	2.53	1.32	1.71	1.61	0.97	0.85	0.40	Upgrade
Dividend Per Share	0.920	0.880	0.840	0.800	0.720	0.600	0.420	0.340	0.260	0.180	Upgrade
Dividend Growth	4.55%	4.76%	5.00%	11.11%	20.00%	42.86%	23.53%	30.77%	44.44%	-	Upgrade
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	Upgrade
Operating Margin	36.69%	37.74%	37.11%	36.21%	34.08%	31.38%	28.99%	26.95%	24.93%	21.90%	Upgrade
Profit Margin	29.42%	30.73%	30.19%	29.26%	27.40%	25.44%	15.69%	18.47%	16.99%	15.65%	Upgrade
Free Cash Flow Margin	35.47%	44.04%	50.10%	28.89%	17.48%	26.29%	26.35%	16.76%	16.17%	7.89%	Upgrade
Effective Tax Rate	19.83%	18.56%	18.65%	19.18%	19.61%	18.92%	46.73%	30.80%	31.87%	28.53%	Upgrade
EBITDA	83.7	88.62	89.44	78.64	63.82	55.17	45.4	38.12	33.93	25.22	Upgrade
EBITDA Margin	41.68%	42.99%	42.93%	40.98%	37.65%	35.23%	34.78%	30.93%	28.80%	21.90%	Upgrade
Depreciation & Amortization	10.02	10.83	12.13	9.16	6.06	6.03	6.96	5.22	4.55	0	Upgrade
EBIT	73.68	77.79	77.31	69.48	57.76	49.13	38.44	32.9	29.38	25.22	Upgrade
EBIT Margin	36.69%	37.74%	37.11%	36.21%	34.08%	31.38%	29.45%	26.69%	24.93%	21.90%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).