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	Jun '26 Jun 30, 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	839.22	708.83	561.73	606.52	613.25	401.56
Net Interest Income Growth	44.85%	26.19%	-7.38%	-1.10%	52.72%	9.20%
Non-Interest Income	164.5	148.69	128.01	124.61	114.67	105.85
Non-Interest Income Growth	24.07%	16.15%	2.73%	8.67%	8.33%	-5.02%
Revenues Before Loan Losses	1,004	857.52	689.74	731.13	727.92	507.41
Provision for Credit Losses	55.02	65.47	36.25	23.25	6.5	18.21
Revenue	948.69	792.05	653.49	707.88	721.42	489.2
Revenue Growth (YoY)	43.14%	21.20%	-7.68%	-1.88%	47.47%	14.66%
Compensation Expenses	322.54	287.5	233.65	222.14	204.71	172.59
Selling, General & Admin	33.31	42.01	35.23	35	32.59	23.32
Other Non-Interest Expenses	193.18	200.37	137.48	135.61	136.36	136.62
Total Non-Interest Expense	598.4	529.88	406.37	392.75	373.66	332.53
Pretax Income	350.3	262.17	247.13	315.13	347.75	156.68
Provision for Income Taxes	78.94	57.05	55.05	75.63	83.94	35.68
Net Income	271.35	205.12	192.08	239.5	263.81	120.99
Net Income to Common	271.35	205.12	192.08	239.5	263.81	120.99
Net Income Growth	43.95%	6.79%	-19.80%	-9.21%	118.04%	-0.14%
Shares Outstanding (Basic)	49	46	42	44	46	35
Shares Outstanding (Diluted)	49	46	43	44	46	35
Shares Change (YoY)	15.44%	8.65%	-3.81%	-4.74%	32.97%	4.82%
EPS (Basic)	5.54	4.44	4.52	5.42	5.69	3.47
EPS (Diluted)	5.54	4.44	4.52	5.42	5.69	3.47
EPS Growth	25.06%	-1.77%	-16.61%	-4.75%	63.98%	-4.67%
Free Cash Flow	-	239.03	209.49	261.15	399.13	165.02
Free Cash Flow Growth	-	14.10%	-19.78%	-34.57%	141.87%	217.04%
Free Cash Flow Per Share	-	5.17	4.93	5.91	8.60	4.73
Dividends Per Share	2.460	2.360	2.280	2.200	2.080	1.920
Dividend Growth	4.24%	3.51%	3.64%	5.77%	8.33%	4.35%
Profit Margin	28.60%	25.90%	29.39%	33.83%	36.57%	24.73%
FCF Margin	-	30.18%	32.06%	36.89%	55.33%	33.73%
Effective Tax Rate	22.54%	21.76%	22.27%	24.00%	24.14%	22.78%

SEC Filings: 10-K · 10-Q