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Independent Bank Corp. (INDB)

NASDAQ: INDB · Real-Time Price · USD

61.17

-1.54 (-2.46%)

At close: Jun 17, 2025, 3:59 PM

61.26

0.15%

After-hours: Jun 17, 2025, 04:04 PM EDT

Independent Bank Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022	Q2 2022	Q1 2022	Q4 2021	Q3 2021	Q2 2021	Q1 2021	Q4 2020	Q3 2020	Q2 2020	Q1 2020	Q4 2019	Q3 2019	Q2 2019	Q1 2019	Q4 2018	Q3 2018	Q2 2018	Q1 2018	Q4 2017	Q3 2017	Q2 2017	Q1 2017	Q4 2016	Q3 2016	Q2 2016	Q1 2016
Period Ending	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019	Dec 31, 2018	Sep 30, 2018	Jun 30, 2018	Mar 31, 2018	Dec 31, 2017	Sep 30, 2017	Jun 30, 2017	Mar 31, 2017	Dec 31, 2016	Sep 30, 2016	Jun 30, 2016	Mar 31, 2016
Revenue	243.42M	246.58M	248.95M	243.45M	208.04M	207.17M	236.45M	227.23M	213.01M	214.32M	196.23M	174.16M	165.13M	115.87M	116.55M	120.5M	123.7M	123.24M	125.48M	128.16M	132.02M	142.78M	151.44M	149.33M	113.08M	103.78M	99.5M	101.05M	93.61M	95.86M	87.84M	85.15M	83.32M	80.51M	78.08M	81.51M	78.87M
Cost of Revenue	81.42M	79.16M	94.32M	78.19M	75.61M	n/a	58.55M	51.15M	35.19M	21.27M	10.37M	3.26M	1.19M	n/a	n/a	-1.65M	1.55M	n/a	14.54M	28.87M	38.08M	17.71M	15.03M	17.13M	10.02M	n/a	n/a	8M	5.78M	6.34M	4.71M	n/a	4.81M	n/a	n/a	5.23M	5.38M
Gross Profit	161.11M	167.42M	155.75M	165.9M	159.9M	169.37M	175.6M	176.09M	177.82M	193.05M	185.86M	170.9M	163.94M	114.55M	116.55M	122.16M	122.15M	117.88M	110.94M	99.29M	93.94M	125.07M	136.41M	132.21M	104.06M	101.36M	98.42M	93.06M	88.33M	89.74M	86.85M	83.25M	79.11M	76.51M	75.58M	76.28M	74.02M
Operating Income	57.17M	72.41M	55.31M	85.56M	85.16M	70.92M	80.14M	102.7M	102.64M	116.83M	115.47M	103.93M	97M	50.64M	70.33M	66.89M	68.14M	63.68M	46.07M	47.9M	41.98M	75.56M	68.88M	40.63M	58.34M	57.09M	49.63M	40.37M	45.95M	48.77M	41.24M	35.67M	29.74M	29.55M	34.92M	29.88M	37.26M
Interest Income	211.92M	216.32M	216.52M	211.86M	208.04M	207.17M	202.93M	198.69M	186.94M	184.13M	169.97M	148.12M	140.62M	125.92M	93.02M	96.7M	99.64M	96.81M	97.92M	99.97M	107.38M	113.7M	119.62M	122.14M	91.54M	87.91M	82.88M	79.17M	73.75M	72.88M	71.78M	68.13M	64.41M	63.43M	62.31M	61.16M	59.74M
Pretax Income	57.17M	62.93M	55.31M	66.39M	62.49M	70.92M	80.14M	82.75M	81.33M	100.28M	95.07M	82.2M	70.2M	-1.12M	54.13M	50.02M	53.65M	45.18M	46.07M	32.68M	28.9M	61.84M	68.88M	40.63M	46.75M	38.19M	42.98M	40.37M	34.38M	36.98M	36.53M	31.29M	29.74M	24.88M	30.28M	29.88M	27.04M
Net Income	44.42M	50.03M	42.95M	51.33M	47.77M	54.8M	60.81M	62.64M	61.25M	77.04M	71.9M	61.78M	53.1M	1.7M	40.01M	37.57M	41.71M	34.64M	34.87M	24.9M	26.75M	47.48M	51.84M	30.63M	35.23M	29.93M	33.02M	31.12M	27.55M	22.06M	23.85M	20.56M	20.73M	17.18M	20.48M	20.37M	18.61M
Selling & General & Admin	64.92M	61.8M	62.74M	61.68M	60.16M	60.33M	57.52M	56.65M	59.59M	48.6M	54.38M	51.28M	50.52M	52.01M	44.89M	45.1M	42.6M	42M	41.01M	39.23M	39.01M	39.4M	40.95M	41.67M	35.06M	33.69M	33.11M	32.24M	33.18M	32.42M	31.23M	30.62M	30.38M	28.94M	29.52M	29.12M	29.41M
Research & Development	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Other Expenses	39.02M	113.12M	59.12M	-29.95M	-29.17M	-136.25M	37.94M	35.05M	36.91M	44.16M	36.41M	30.07M	18.74M	-22.38M	-19.6M	27.04M	25.9M	n/a	22.64M	27.38M	26.03M	n/a	25.17M	48.62M	20.04M	n/a	20.94M	19.28M	19.14M	n/a	17.72M	19.97M	-75.54M	n/a	-72.69M	16.05M	15.79M
Operating Expenses	103.94M	104.49M	99.83M	98.01M	97.41M	98.45M	95.46M	-100.56M	-87.61M	-93.87M	-97.93M	83.6M	71.63M	65.23M	884K	72.14M	68.5M	-127.57M	64.87M	66.61M	-78.76M	-125.5M	67.53M	-77.91M	56.31M	-105.27M	55.44M	52.69M	53.45M	-98.97M	-46.6M	51.95M	10.24M	-93.67M	12.87M	46.4M	46.45M
Interest Expense	66.42M	71.66M	74.82M	73.94M	70.61M	62.07M	53.05M	46.15M	27.94M	15.77M	7.37M	3.26M	3.19M	3.39M	2.92M	3.35M	4.05M	5.36M	7.04M	8.87M	13.08M	13.71M	15.03M	16.13M	9.02M	7.62M	6.64M	6M	5.28M	5.04M	4.71M	4.38M	4.21M	4.68M	4.64M	4.63M	4.85M
Selling & Marketing Expenses	75.79M	-72.47M	-72.47M	1.83M	70.64M	70.04M	67.12M	1.64M	69.8M	67.01M	65.02M	61.17M	62.01M	1.14M	884K	51.34M	49.16M	1.15M	1.22M	787K	1.1M	1.53M	1.42M	1.28M	1.21M	1.26M	1.4M	1.17M	1.12M	971K	1.36M	1.36M	1.29M	1.07M	1.65M	1.22M	1.26M
Cost & Expenses	185.1M	183.65M	174.64M	177.53M	77.22M	166.03M	154.01M	75.6M	77.35M	75.27M	72.33M	91.96M	94.92M	-139.38M	884K	56.43M	55.19M	55.99M	53.52M	51.38M	51.34M	54.31M	53.64M	108.69M	44.72M	44.27M	42.29M	41.3M	41.89M	39.69M	41.25M	39.42M	53.05M	36.53M	37.74M	36.69M	36.23M
Income Tax Expense	12.74M	12.9M	12.36M	15.06M	14.72M	16.11M	19.33M	20.1M	20.08M	23.24M	23.17M	20.42M	17.11M	-2.82M	14.12M	12.45M	11.94M	10.54M	11.2M	7.78M	2.15M	14.37M	17.04M	10.01M	11.52M	8.26M	9.97M	9.25M	6.83M	14.91M	12.68M	10.73M	9.01M	7.7M	9.79M	9.51M	8.43M
Shares Outstanding (Basic)	42.55M	42.49M	42.5M	42.47M	42.55M	43.48M	44.13M	44.13M	45M	45.64M	45.84M	46.66M	47.37M	40.35M	33.04M	33.03M	32.99M	32.96M	32.95M	32.95M	34.18M	34.38M	34.36M	34.31M	28.11M	27.82M	27.54M	27.53M	27.49M	27.45M	27.44M	27.26M	27.03M	26.71M	26.32M	26.3M	26.27M
Shares Outstanding (Diluted)	42.57M	42.52M	42.5M	42.47M	42.57M	43.48M	44.15M	44.14M	45.02M	45.66M	45.86M	46.68M	47.39M	40.38M	33.06M	33.05M	33.02M	32.99M	32.98M	32.97M	34.22M	34.42M	34.4M	34.35M	28.16M	27.87M	27.6M	27.58M	27.55M	27.52M	27.51M	27.33M	27.11M	26.77M	26.38M	26.35M	26.32M
EPS (Basic)	1.04	1.18	1.01	1.21	1.12	1.26	1.38	1.42	1.36	1.69	1.57	1.32	1.12	0.04	1.21	1.14	1.26	1.05	1.06	0.76	0.78	1.38	1.51	0.89	1.25	1.08	1.20	1.13	1.00	0.80	0.87	0.75	0.77	0.64	0.78	0.77	0.71
EPS (Diluted)	1.04	1.18	1.01	1.21	1.12	1.26	1.38	1.42	1.36	1.69	1.57	1.32	1.12	0.04	1.21	1.14	1.26	1.05	1.06	0.76	0.78	1.38	1.51	0.89	1.25	1.07	1.20	1.13	1.00	0.80	0.87	0.75	0.76	0.64	0.78	0.77	0.71
EBITDA	67.46M	72.41M	65.62M	76.81M	72.7M	79.44M	89.33M	92.16M	90.96M	109.56M	104.64M	92.03M	80.92M	n/a	62.36M	58.15M	62.05M	46.94M	53.03M	39.8M	35.89M	65.73M	72.24M	45.58M	49.52M	42.1M	46.66M	44.21M	37.28M	38.41M	39.3M	35.19M	33.3M	28.5M	31.27M	34.22M	29.94M
EBIT	58.32M	63.02M	55.31M	65.92M	62.41M	70.92M	80.14M	83.41M	81.33M	100.28M	95.07M	82.2M	70.8M	-8.24M	54.13M	50.02M	53.82M	40.74M	46.07M	32.68M	28.9M	61.84M	68.07M	40.63M	45.42M	36.91M	41.7M	40.8M	33.1M	34.23M	35.26M	30.11M	29.74M	24.88M	27.79M	-4.34M	-2.9M
Depreciation & Amortization	10.29M	9.39M	10.31M	10.9M	10.29M	8.53M	9.19M	8.75M	9.63M	9.27M	9.57M	9.84M	10.12M	8.24M	8.19M	8.13M	8.23M	6.19M	6.96M	7.12M	6.99M	5.52M	4.87M	4.94M	4.1M	3.91M	3.67M	3.84M	4.18M	4.18M	4.04M	3.9M	3.56M	3.63M	3.49M	4.34M	2.9M