Independent Bank Corp. (INDB)

Independent Bank Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	240.62	205.12	192.08	239.5	263.81	120.99
Depreciation & Amortization	42.06	42.14	40.89	36.1	38.8	32.82
Provision for Credit Losses	55.97	65.47	36.25	23.25	6.5	18.21
Stock-Based Compensation	9.4	8.99	6.52	6.38	4.46	4.31
Net Change in Loans Held-for-Sale	-8	-27.93	-0.92	-3.47	21.42	31.75
Other Adjustments	-46.91	-44.2	-35.69	-26.56	-34.12	-52.04
Changes in Trading Assets	-0.71	-0.48	0.74	-1.1	-0.17	-0.88
Changes in Other Operating Activities	68.82	2.04	-9.96	2.89	120.49	35.06
Operating Cash Flow	355.04	251.16	229.92	276.99	421.2	190.22
Operating Cash Flow Growth	84.80%	9.24%	-16.99%	-34.24%	121.43%	194.29%
Net Change in Loans Held-for-Investment	-19.01	-125.72	-236.52	-378.74	-335.45	744.98
Net Change in Securities and Investments	-92.61	63.12	243.11	246.86	-622.25	-1,533
Proceeds from Business Divestments	-	97.76	-	-	-	787.3
Capital Expenditures	-15.71	-12.14	-20.44	-15.84	-22.07	-25.2
Sale of Property, Plant & Equipment	0.3	0.3	0.09	0.11	3.34	0.17
Other Investing Activities	-7.36	-18.27	-19.25	-64.04	-24.05	-37.06
Investing Cash Flow	-34.85	5.05	-33.01	-211.65	-1,000	-63.14
Net Change in Deposits	58.76	458.06	440.32	-1,014	-1,037	1,484
Short-Term Debt Issued	50	49.94	-	-	-	-
Net Short-Term Debt Issued (Repaid)	50	49.94	-	-	-	-
Long-Term Debt Issued	-0.65	295.84	-	-	-	-
Long-Term Debt Repaid	-60	-60	-50	-	-14.06	-18.81
Net Long-Term Debt Issued (Repaid)	-60.65	235.84	-50	-	-14.06	-18.81
Issuance of Common Stock	2.69	2.63	3.33	2.66	2.36	2.02
Repurchase of Common Stock	-124.11	-60.85	-30.99	-188.91	-139.95	-
Net Common Stock Issued (Repurchased)	-121.42	-58.22	-27.65	-186.25	-137.59	2.02
Common Dividends Paid	-108.73	-103.9	-96.2	-98.01	-93.73	-62.74
Other Financing Activities	-248.46	-285.83	-467.82	1,104	-26.08	-587.34
Financing Cash Flow	-380.57	295.8	-201.35	-193.95	-1,308	816.96
Net Cash Flow	12.13	552.01	-4.44	-128.6	-1,888	944.05
Free Cash Flow	339.33	239.03	209.49	261.15	399.13	165.02
Free Cash Flow Growth	41.96%	14.10%	-19.78%	-34.57%	141.87%	217.04%
FCF Margin	38.73%	30.18%	32.06%	36.89%	55.33%	33.73%
Free Cash Flow Per Share	7.10	5.17	4.93	5.91	8.60	4.73
Levered Free Cash Flow	324.43	522.48	153.32	261.55	386.8	143.99
Unlevered Free Cash Flow	94.46	31.58	11.24	22.05	137.05	41.8

Updated May 6, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

SEC Filings: 10-K · 10-Q