Independent Bank Corp. (INDB)

Independent Bank Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	690.27	707.88	721.42	489.2	426.67	502.43
Revenue Growth (YoY)	-6.18%	-1.88%	47.47%	14.66%	-15.08%	31.56%
Gross Profit	690.27	707.88	721.42	489.2	426.67	502.43
Selling, General & Admin	291.71	291.56	273.49	224.02	201.76	199.78
Other Operating Expenses	102.27	101.19	100.17	108.51	70.35	83.08
Operating Expenses	393.97	392.75	373.66	332.53	272.12	282.86
Operating Income	296.3	315.13	347.75	156.68	154.55	219.57
Other Expense / Income	-	-	-	-	1.72	1.46
Pretax Income	296.3	315.13	347.75	156.68	152.84	218.11
Income Tax	70.28	75.63	83.94	35.68	31.67	52.93
Net Income	226.03	239.5	263.81	120.99	121.17	165.18
Net Income Growth	-16.89%	-9.22%	118.04%	-0.14%	-26.64%	35.81%
Shares Outstanding (Basic)	43	44	46	35	33	33
Shares Outstanding (Diluted)	43	44	46	35	33	33
Shares Change	-5.46%	-4.73%	32.97%	4.82%	1.31%	18.81%
EPS (Basic)	5.18	5.42	5.69	3.47	3.64	5.03
EPS (Diluted)	5.18	5.42	5.69	3.47	3.64	5.03
EPS Growth	-12.79%	-4.75%	63.98%	-4.67%	-27.63%	14.32%
Free Cash Flow	260.67	261.26	402.47	165.19	58.15	203.74
Free Cash Flow Per Share	6.13	5.91	8.68	4.74	1.75	6.21
Dividend Per Share	2.220	2.200	2.080	1.920	1.840	1.760
Dividend Growth	4.72%	5.77%	8.33%	4.35%	4.55%	15.79%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	42.93%	44.52%	48.20%	32.03%	36.22%	43.70%
Profit Margin	32.74%	33.83%	36.57%	24.73%	28.40%	32.88%
Free Cash Flow Margin	37.76%	36.91%	55.79%	33.77%	13.63%	40.55%
Effective Tax Rate	23.72%	24.00%	24.14%	22.78%	20.72%	24.27%
EBITDA	333.06	351.24	386.55	189.5	180.1	237.55
EBITDA Margin	48.25%	49.62%	53.58%	38.74%	42.21%	47.28%
Depreciation & Amortization	36.76	36.1	38.8	32.82	27.26	19.44
EBIT	296.3	315.13	347.75	156.68	152.84	218.11
EBIT Margin	42.93%	44.52%	48.20%	32.03%	35.82%	43.41%

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).