Independent Bank Corp. (INDB)
NASDAQ: INDB · Real-Time Price · USD
83.73
-0.25 (-0.30%)
Aug 7, 2026, 4:00 PM EDT - Market closed
Independent Bank Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
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 |
Net Interest Income | 839.22 | 708.83 | 561.73 | 606.52 | 613.25 | 401.56 |
Net Interest Income Growth | 44.85% | 26.19% | -7.38% | -1.10% | 52.72% | 9.20% |
Non-Interest Income | 164.49 | 148.69 | 128.01 | 124.61 | 114.67 | 105.85 |
Non-Interest Income Growth | 24.06% | 16.15% | 2.73% | 8.67% | 8.33% | -5.02% |
Revenues Before Loan Losses | 1,004 | 857.52 | 689.74 | 731.13 | 727.92 | 507.41 |
Provision for Credit Losses | 55.02 | 65.47 | 36.25 | 23.25 | 6.5 | 18.21 |
| 948.69 | 792.05 | 653.49 | 707.88 | 721.42 | 489.2 | |
Revenue Growth | 43.14% | 21.20% | -7.68% | -1.88% | 47.47% | 14.66% |
Compensation Expenses | 322.54 | 287.5 | 233.65 | 222.14 | 204.71 | 172.59 |
Selling, General & Admin | 50.13 | 42.01 | 35.23 | 35 | 32.59 | 23.32 |
Other Non-Interest Expenses | 219.69 | 200.37 | 137.48 | 135.61 | 136.36 | 136.62 |
Total Non-Interest Expense | 598.39 | 529.88 | 406.37 | 392.75 | 373.66 | 332.53 |
Pretax Income | 350.3 | 262.17 | 247.13 | 315.13 | 347.75 | 156.68 |
Provision for Income Taxes | 78.94 | 57.05 | 55.05 | 75.63 | 83.94 | 35.68 |
Net Income | 271.35 | 205.12 | 192.08 | 239.5 | 263.81 | 120.99 |
Net Income to Common | 271.35 | 205.12 | 192.08 | 239.5 | 263.81 | 120.99 |
Net Income Growth | 43.95% | 6.79% | -19.80% | -9.21% | 118.04% | -0.14% |
Shares Outstanding (Basic) | 49 | 46 | 42 | 44 | 46 | 35 |
Shares Outstanding (Diluted) | 49 | 46 | 43 | 44 | 46 | 35 |
Shares Change | 15.44% | 8.65% | -3.81% | -4.74% | 32.97% | 4.82% |
EPS (Basic) | 5.54 | 4.44 | 4.52 | 5.42 | 5.69 | 3.47 |
EPS (Diluted) | 5.54 | 4.44 | 4.52 | 5.42 | 5.69 | 3.47 |
EPS Growth | 25.06% | -1.77% | -16.61% | -4.75% | 63.98% | -4.67% |
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 |
Free Cash Flow | 303.8 | 239.03 | 209.49 | 261.15 | 399.13 | 165.02 |
Free Cash Flow Growth | 41.50% | 14.10% | -19.78% | -34.57% | 141.87% | 217.04% |
Free Cash Flow Per Share | 6.18 | 5.17 | 4.93 | 5.91 | 8.60 | 4.73 |
Dividends Per Share | 2.460 | 2.360 | 2.280 | 2.200 | 2.080 | 1.920 |
Dividend Growth | 6.03% | 3.51% | 3.64% | 5.77% | 8.33% | 4.35% |
Profit Margin | 28.60% | 25.90% | 29.39% | 33.83% | 36.57% | 24.73% |
FCF Margin | 32.02% | 30.18% | 32.06% | 36.89% | 55.33% | 33.73% |
Effective Tax Rate | 22.54% | 21.76% | 22.27% | 24.00% | 24.14% | 22.78% |