Independent Bank Corp. (INDB)

Income Statement (Annual)

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

Millions USD. Fiscal year is Jan - Dec.

Year	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011 - 1994
Revenue	489.2	426.67	502.43	381.9	338.9	304.2	289.32	255.58	240.39	216.76	Upgrade
Revenue Growth (YoY)	14.66%	-15.08%	31.56%	12.68%	11.41%	5.14%	13.20%	6.32%	10.90%	4.06%	Upgrade
Gross Profit	489.2	426.67	502.43	381.9	338.9	304.2	289.32	255.58	240.39	216.76	Upgrade
Selling, General & Admin	228.11	206.02	199.78	165.38	155.31	145.17	141.04	127.41	121.89	112.72	Upgrade
Other Operating Expenses	104.42	66.1	83.08	60.59	49.05	46.52	54.75	44.41	51.76	46.74	Upgrade
Operating Expenses	332.53	272.12	282.86	225.97	204.36	191.69	195.79	171.82	173.65	159.45	Upgrade
Operating Income	156.68	154.55	219.57	155.93	134.55	112.51	93.52	83.77	66.74	57.31	Upgrade
Other Expense / Income	0	1.72	1.46	0	0	0.44	1.35	0.02	0	0.01	Upgrade
Pretax Income	156.68	152.84	218.11	155.93	134.55	112.08	92.18	83.74	66.74	57.3	Upgrade
Income Tax	35.68	31.67	52.93	34.3	47.34	35.43	27.22	23.9	16.48	14.67	Upgrade
Net Income	120.99	121.17	165.18	121.62	87.2	76.65	64.96	59.85	50.25	42.63	Upgrade
Net Income Common	120.99	121.17	165.18	121.62	87.2	76.65	64.96	59.85	50.25	42.63	Upgrade
Net Income Growth	-0.14%	-26.64%	35.81%	39.47%	13.77%	17.99%	8.55%	19.09%	17.89%	-6.18%	Upgrade
Shares Outstanding (Basic)	35	33	33	28	27	26	26	24	23	22	Upgrade
Shares Outstanding (Diluted)	35	33	33	28	27	26	26	24	23	22	Upgrade
Shares Change	4.82%	1.31%	18.81%	1.03%	3.46%	1.91%	8.20%	3.92%	5.85%	1.68%	Upgrade
EPS (Basic)	3.47	3.64	5.03	4.41	3.19	2.90	2.51	2.50	2.18	1.96	Upgrade
EPS (Diluted)	3.47	3.64	5.03	4.40	3.19	2.90	2.50	2.49	2.18	1.95	Upgrade
EPS Growth	-4.67%	-27.63%	14.32%	37.93%	10.00%	16.00%	0.40%	14.22%	11.79%	-8.02%	Upgrade
Free Cash Flow Per Share	4.74	1.75	6.21	4.82	4.11	3.14	3.10	3.51	5.74	1.63	Upgrade
Dividend Per Share	1.92	1.84	1.76	1.52	1.28	1.16	1.04	0.96	0.88	0.84	Upgrade
Dividend Growth	4.35%	4.54%	15.79%	18.75%	10.35%	11.54%	8.33%	9.09%	4.76%	10.53%	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	32.03%	36.22%	43.70%	40.83%	39.70%	36.99%	32.33%	32.77%	27.76%	26.44%	Upgrade
Profit Margin	24.73%	28.40%	32.88%	31.85%	25.73%	25.20%	22.45%	23.41%	20.91%	19.67%	Upgrade
Free Cash Flow Margin	33.77%	13.63%	40.55%	34.80%	33.09%	27.23%	27.75%	32.81%	54.94%	16.37%	Upgrade
Effective Tax Rate	22.78%	20.72%	24.27%	22.00%	35.19%	31.61%	29.53%	28.54%	24.70%	25.61%	Upgrade
EBITDA	189.5	180.1	237.55	171.56	150.31	126.43	104.49	95.85	75.23	67.51	Upgrade
EBITDA Margin	38.74%	42.21%	47.28%	44.92%	44.35%	41.56%	36.11%	37.50%	31.30%	31.15%	Upgrade
Depreciation & Amortization	32.82	27.26	19.44	15.63	15.76	14.35	12.31	12.11	8.49	10.21	Upgrade
EBIT	156.68	152.84	218.11	155.93	134.55	112.08	92.18	83.74	66.74	57.3	Upgrade
EBIT Margin	32.03%	35.82%	43.41%	40.83%	39.70%	36.84%	31.86%	32.77%	27.76%	26.43%	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).