Independent Bank Corp. (INDB)
NASDAQ: INDB · Real-Time Price · USD
84.80
+0.98 (1.17%)
At close: Aug 11, 2026, 4:00 PM EDT
84.80
0.00 (0.00%)
Pre-market: Aug 12, 2026, 4:34 AM EDT
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 |
Securities and Investments | 3,308 | 3,305 | 2,707 | 2,926 | 3,125 | 2,661 |
Trading Assets | 4.84 | 4.72 | 4.25 | 4.99 | 3.89 | 3.72 |
Other Earning Assets | 21.98 | 35.91 | 7.27 | 6.37 | 2.8 | 24.68 |
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 |
Net Property, Plant & Equipment | 217.88 | 218.19 | 193.32 | 193.05 | 196.3 | 195.59 |
Other Intangible Assets | 119.9 | 133.58 | 12.28 | 18.19 | 25.07 | 32.77 |
Goodwill | 1,091 | 1,091 | 985.07 | 985.07 | 985.07 | 985.07 |
Other Non-Earning Assets | 1,011 | 1,039 | 905.99 | 853.66 | 826.26 | 839.39 |
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 |
Noninterest-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 Interbank Borrowing and Repurchase Agreements | 216.72 | 416.55 | 638.51 | 1,106 | 0.64 | 25.67 |
Short-Term Borrowings | 124.98 | 49.95 | - | - | - | - |
Long-Term Debt | 359.76 | 359.35 | 62.86 | 112.84 | 112.74 | 112.64 |
Other Liabilities | 371.46 | 397.98 | 376.48 | 371.49 | 418.32 | 338.68 |
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 |
Treasury Stock | -3.51 | -3.45 | -3.38 | -3.3 | -3.23 | -3.15 |
Additional Paid-in Capital | 2,201 | 2,336 | 1,910 | 1,932 | 2,115 | 2,249 |
Accumulated Other Comprehensive Income | -58.67 | -39.75 | -90.01 | -114.83 | -163.08 | 2.18 |
Retained Earnings | 1,369 | 1,269 | 1,173 | - | - | - |
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 | 359.76 | 359.35 | 62.86 | 112.84 | 112.74 | 112.64 |
Net Cash (Debt) | 641.46 | 412.56 | 157.03 | 111.49 | 240.19 | 2,128 |
Net Cash Growth | 18.29% | 162.73% | 40.84% | -53.58% | -88.71% | 84.84% |
Net Cash Per Share | 13.06 | 8.93 | 3.69 | 2.52 | 5.18 | 60.99 |
Book Value | 3,512 | 3,566 | 2,993 | 2,895 | 2,887 | 3,018 |
Book Value Per Share | 71.49 | 77.20 | 70.41 | 65.51 | 62.23 | 86.52 |
Tangible Book Value | 2,302 | 2,342 | 1,996 | 1,892 | 1,877 | 2,001 |
Tangible Book Value Per Share | 46.85 | 50.69 | 46.95 | 42.81 | 40.45 | 57.34 |