Independent Bank Corp. (INDB)
NASDAQ: INDB · Real-Time Price · USD
81.65
+1.71 (2.14%)
Sep 2, 2026, 4:00 PM EDT - Market closed
Independent Bank Balance Sheet
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Assets
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 |
Cash & Equivalents | 1,001 | 771.9 | 219.89 | 224.33 | 352.93 | 2,241 |
Investment Securities | 1,092 | 1,197 | 1,089 | 1,309 | 1,338 | 1,309 |
Trading Asset Securities | 31.28 | 34.37 | 57.29 | 55.7 | 70.17 | 92.19 |
Mortgage-Backed Securities | 2,216 | 2,108 | 1,618 | 1,617 | 1,787 | 1,352 |
Total Investments | 3,339 | 3,339 | 2,764 | 2,982 | 3,196 | 2,753 |
Gross Loans | 18,394 | 18,504 | 14,508 | 14,278 | 13,929 | 13,587 |
Allowance for Loan Losses | -195.9 | -189.88 | -169.98 | -142.22 | -152.42 | -146.92 |
Net Loans | 18,198 | 18,314 | 14,338 | 14,136 | 13,776 | 13,440 |
Property, Plant & Equipment | 217.88 | 291.39 | 247.82 | 247.15 | 255.4 | 255.79 |
Goodwill | 1,091 | 1,091 | 985.07 | 985.07 | 985.07 | 985.07 |
Other Intangible Assets | 119.9 | 133.58 | 12.28 | 18.19 | 25.07 | 32.77 |
Loans Held for Sale | 21.98 | 35.91 | 7.27 | 6.37 | 2.8 | 24.68 |
Accrued Interest Receivable | 8.9 | 9 | 6.7 | 7.7 | 8 | 5 |
Other Receivables | 8.26 | 7.88 | 5.97 | 5.51 | 5.26 | 5.39 |
Other Current Assets | 4.84 | 4.72 | 4.25 | 4.99 | 3.89 | 3.72 |
Other Real Estate Owned & Foreclosed | 0.21 | - | - | 0.11 | - | - |
Other Long-Term Assets | 948.88 | 892.95 | 749.95 | 686.99 | 678.7 | 665.21 |
Total Assets | 24,974 | 24,913 | 19,374 | 19,347 | 19,294 | 20,423 |
Liabilities
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 |
Interest Bearing Deposits | 14,682 | 14,526 | 10,915 | 10,298 | 10,437 | 11,438 |
Non-Interest Bearing Deposits | 5,710 | 5,601 | 4,391 | 4,567 | 5,442 | 5,480 |
Total Deposits | 20,392 | 20,127 | 15,306 | 14,866 | 15,879 | 16,917 |
Short-Term Borrowings | 181.95 | 509.78 | 740.68 | 1,214 | 146.67 | 94.25 |
Current Portion of Long-Term Debt | - | - | - | - | - | 14.06 |
Current Portion of Leases | - | 15.62 | - | - | - | - |
Long-Term Debt | 296.9 | 296.48 | - | 49.98 | 49.89 | 49.79 |
Federal Home Loan Bank Debt, Long-Term | 216.72 | 16.55 | 0.51 | 0.54 | 0.64 | 0.67 |
Long-Term Leases | - | 59.78 | - | - | - | - |
Trust Preferred Securities | 62.86 | 62.86 | 62.86 | 62.86 | 62.86 | 62.85 |
Other Long-Term Liabilities | 310.98 | 259.3 | 270.42 | 259.69 | 268.42 | 266.29 |
Total Liabilities | 21,462 | 21,347 | 16,380 | 16,452 | 16,407 | 17,405 |
Shareholders' Equity
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 |
Common Stock | 0.47 | 0.49 | 0.42 | 0.43 | 0.46 | 0.47 |
Additional Paid-In Capital | 2,201 | 2,336 | 1,910 | 1,932 | 2,115 | 2,249 |
Retained Earnings | 1,369 | 1,269 | 1,173 | 1,077 | 934.44 | 766.72 |
Comprehensive Income & Other | -58.67 | -39.75 | -90.01 | -114.83 | -163.08 | 2.18 |
Shareholders' Equity | 3,512 | 3,566 | 2,993 | 2,895 | 2,887 | 3,018 |
Total Liabilities & Equity | 24,974 | 24,913 | 19,374 | 19,347 | 19,294 | 20,423 |
Additional Metrics
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 |
Total Debt | 758.44 | 961.08 | 804.05 | 1,327 | 260.04 | 221.62 |
Net Cash (Debt) | 274.07 | -154.82 | -526.87 | -1,047 | 163.06 | 2,111 |
Net Cash Growth | 145.59% | - | - | - | -92.28% | 78.16% |
Net Cash Per Share | 5.58 | -3.35 | -12.39 | -23.69 | 3.52 | 60.51 |
Filing Date Shares Outstanding | 47.37 | 48.99 | 42.61 | 42.45 | 45.06 | 47.4 |
Total Common Shares Outstanding | 47.62 | 49.24 | 42.5 | 42.87 | 45.64 | 47.35 |
Book Value Per Share | 73.76 | 72.41 | 70.43 | 67.53 | 63.25 | 63.75 |
Tangible Book Value | 2,302 | 2,342 | 1,996 | 1,892 | 1,877 | 2,001 |
Tangible Book Value Per Share | 48.34 | 47.55 | 46.96 | 44.13 | 41.12 | 42.25 |