Independent Bank Corp. (INDB)

Independent Bank Balance Sheet

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash & Equivalents	910.8	219.89	224.33	352.93	2,241	1,297
Investment Securities	1,195	1,089	1,309	1,338	1,309	142.09
Trading Asset Securities	37.78	57.29	55.7	70.17	92.19	187.42
Mortgage-Backed Securities	2,125	1,618	1,617	1,787	1,352	1,017
Total Investments	3,358	2,764	2,982	3,196	2,753	1,347
Gross Loans	18,452	14,508	14,278	13,929	13,587	9,393
Allowance for Loan Losses	-190.48	-169.98	-142.22	-152.42	-146.92	-113.39
Net Loans	18,262	14,338	14,136	13,776	13,440	9,279
Property, Plant & Equipment	221.17	247.82	247.15	255.4	255.79	166.09
Goodwill	1,083	985.07	985.07	985.07	985.07	506.21
Other Intangible Assets	141.73	12.28	18.19	25.07	32.77	23.11
Loans Held for Sale	17.05	7.27	6.37	2.8	24.68	58.1
Accrued Interest Receivable	9	6.7	7.7	8	5	1.2
Other Receivables	7.48	5.97	5.51	5.26	5.39	4.64
Other Current Assets	4.61	4.25	4.99	3.89	3.72	2.84
Other Real Estate Owned & Foreclosed	2.1	-	0.11	-	-	-
Other Long-Term Assets	953.94	749.95	686.99	678.7	665.21	508.86
Total Assets	24,993	19,374	19,347	19,294	20,423	13,204
Interest Bearing Deposits	14,660	10,915	10,298	10,437	11,438	7,231
Non-Interest Bearing Deposits	5,636	4,391	4,567	5,442	5,480	3,762
Total Deposits	20,296	15,306	14,866	15,879	16,917	10,993
Short-Term Borrowings	64.16	740.68	1,214	146.67	94.25	117.96
Current Portion of Long-Term Debt	-	-	-	-	14.06	35.04
Current Portion of Leases	-	13.9	-	-	-	-
Long-Term Debt	296.28	-	49.98	49.89	49.79	82.47
Federal Home Loan Bank Debt, Long-Term	416.24	0.51	0.54	0.64	0.67	0.7
Long-Term Leases	-	42.63	-	-	-	-
Trust Preferred Securities	62.86	62.86	62.86	62.86	62.85	62.85
Other Long-Term Liabilities	310.94	213.89	259.69	268.42	266.29	209.43
Total Liabilities	21,446	16,380	16,452	16,407	17,405	11,502
Common Stock	0.5	0.42	0.43	0.46	0.47	0.33
Additional Paid-In Capital	2,371	1,910	1,932	2,115	2,249	945.64
Retained Earnings	1,223	1,173	1,077	934.44	766.72	716.02
Comprehensive Income & Other	-47.56	-90.01	-114.83	-163.08	2.18	40.7
Shareholders' Equity	3,547	2,993	2,895	2,887	3,018	1,703
Total Liabilities & Equity	24,993	19,374	19,347	19,294	20,423	13,204
Total Debt	839.54	860.58	1,327	260.04	221.62	299.02
Net Cash (Debt)	109.03	-583.4	-1,047	163.06	2,111	1,185
Net Cash Growth	-	-	-	-92.28%	78.16%	-
Net Cash Per Share	2.45	-13.72	-23.69	3.52	60.51	35.60
Filing Date Shares Outstanding	49.58	42.61	42.45	45.06	47.4	33.02
Total Common Shares Outstanding	49.79	42.5	42.87	45.64	47.35	32.97
Book Value Per Share	71.24	70.43	67.53	63.25	63.75	51.65
Tangible Book Value	2,322	1,996	1,892	1,877	2,001	1,173
Tangible Book Value Per Share	46.63	46.96	44.13	41.12	42.25	35.59

Updated Oct 16, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q