Independent Bank Corp. (INDB)

NASDAQ: INDB · Real-Time Price · USD

59.99

0.90 (1.52%)

At close: May 01, 2025, 3:59 PM

60.27

0.47%

Pre-market: May 02, 2025, 08:35 AM EDT

Independent Bank Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2016
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Revenue	683.11M	795.73M	727.92M	507.41M	477.45M	508.43M	386.67M	341.84M	310.24M
Cost of Revenue	n/a	n/a	n/a	n/a	n/a	n/a	3.43M	n/a	n/a
Gross Profit	683.11M	795.73M	727.92M	507.41M	477.45M	508.43M	383.24M	341.84M	310.24M
Operating Income	249.07M	315.13M	338.55M	156.68M	152.84M	218.11M	181.46M	152.88M	130.87M
Interest Income	852.75M	795.73M	642.84M	415.28M	402.07M	447.01M	323.7M	277.19M	246.64M
Pretax Income	247.13M	315.13M	347.75M	156.68M	152.84M	218.11M	155.93M	134.54M	112.08M
Net Income	192.08M	239.5M	263.81M	120.99M	121.17M	165.18M	121.62M	87.2M	76.65M
Selling & General & Admin	244.54M	234.09M	211.66M	183.47M	161.25M	157.07M	132.23M	124.66M	116.99M
Research & Development	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other Expenses	438.57M	488.04M	-601.03M	-534.2M	-485.86M	-447.4M	-343.15M	-313.62M	-296.36M
Operating Expenses	683.11M	722.13M	-389.37M	-350.73M	-324.62M	-290.32M	-201.78M	-188.96M	-179.37M
Interest Expense	291.02M	189.21M	29.59M	13.72M	34.34M	53.88M	25.54M	18.33M	18.79M
Selling & Marketing Expenses	n/a	n/a	n/a	4.08M	4.26M	5.44M	4.94M	4.99M	5.2M
Cost & Expenses	683.11M	722.13M	-389.37M	-350.73M	-324.62M	-290.32M	-201.78M	-188.96M	-179.37M
Income Tax Expense	55.05M	75.63M	83.94M	35.68M	31.67M	52.93M	34.3M	47.34M	35.43M
Shares Outstanding (Basic)	42.5M	44.18M	46.37M	34.87M	33.26M	32.81M	27.59M	27.29M	26.4M
Shares Outstanding (Diluted)	42.51M	44.19M	46.39M	34.89M	33.29M	32.86M	27.65M	27.37M	26.46M
EPS (Basic)	4.52	5.42	5.69	3.47	3.64	5.03	4.41	3.19	2.90
EPS (Diluted)	4.52	5.42	5.69	3.47	3.64	5.03	4.40	3.19	2.90
EBITDA	n/a	n/a	386.55M	189.5M	174.4M	238.8M	167.83M	150.31M	124.07M
EBIT	-40.89M	315.13M	347.75M	156.68M	147.14M	219.36M	152.2M	134.54M	109.71M
Depreciation & Amortization	40.89M	n/a	26.05M	18.21M	19M	18.2M	11.8M	12M	10.1M