Watchlist Price Alert

Independent Bank Corp. (INDB)

NASDAQ: INDB · Real-Time Price · USD

61.03

-0.23 (-0.38%)

At close: Jun 20, 2025, 3:59 PM

61.00

-0.05%

Pre-market: Jun 23, 2025, 07:17 AM 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	981.15M	974.14M	964.5M	949.2M	933.84M	911.33M	888.71M	850.79M	797.72M	749.84M	689.17M	611.06M	557.41M	515.98M	485.57M	492.92M	500.57M	508.89M	528.43M	554.39M	575.57M	556.63M	524.22M	478.92M	430.65M	411.18M	396.67M	382.08M	369.71M	359.41M	348.74M	338.36M	331.19M	326.74M	318.7M	317M	313.63M
Cost of Revenue	333.08M	327.27M	315.69M	279.92M	252.87M	212.46M	166.15M	117.98M	70.09M	36.09M	53.91M	36.47M	31.56M	31.92M	-1.81M	19.8M	50.32M	86.84M	99.19M	99.68M	87.94M	59.88M	50.99M	43.68M	34.55M	30.31M	27.84M	24.83M	22.25M	21.28M	23.62M	24.5M	24.3M	24.87M	21.68M	22.07M	22.81M
Gross Profit	648.07M	646.86M	648.81M	669.28M	680.96M	698.88M	722.56M	732.81M	727.63M	713.75M	635.25M	574.59M	525.85M	484.06M	487.38M	473.12M	450.26M	422.05M	429.24M	454.71M	487.63M	496.75M	473.24M	435.25M	396.1M	380.87M	368.83M	357.26M	347.45M	338.13M	325.12M	313.86M	306.89M	301.87M	297.02M	294.93M	290.82M
Operating Income	241.8M	247.13M	255.11M	279.94M	296.3M	315.13M	344.5M	359.43M	358.88M	347.75M	246.35M	205.41M	173.23M	156.68M	202.98M	194.92M	177.59M	152.84M	169.5M	192.31M	200.26M	218.11M	194.46M	168.56M	168.29M	155.93M	154.71M	148.26M	139.19M	134.54M	122.44M	116.19M	114.78M	112.08M	114.92M	111.11M	105.89M
Interest Income	856.63M	852.75M	843.6M	830.01M	816.84M	795.73M	772.68M	739.73M	689.16M	642.84M	584.63M	507.68M	456.26M	415.28M	386.16M	391.06M	394.33M	402.07M	418.97M	440.67M	462.85M	447.01M	421.22M	384.47M	341.5M	323.7M	308.67M	297.57M	286.54M	277.19M	267.75M	258.28M	251.3M	246.64M	243.08M	241M	238.85M
Pretax Income	241.8M	247.13M	255.11M	279.94M	296.3M	315.13M	344.5M	359.43M	358.88M	347.75M	246.35M	205.41M	173.23M	156.68M	202.98M	194.92M	177.59M	152.84M	169.5M	192.31M	200.26M	218.11M	194.46M	168.56M	168.29M	155.93M	154.71M	148.26M	139.19M	134.54M	122.44M	116.19M	114.78M	112.08M	114.92M	111.11M	105.89M
Net Income	188.74M	192.08M	196.85M	214.71M	226.03M	239.5M	261.74M	272.83M	271.96M	263.81M	188.47M	156.58M	132.38M	120.99M	153.93M	148.8M	136.13M	121.17M	134M	150.97M	156.7M	165.18M	147.63M	128.8M	129.29M	121.62M	113.75M	104.59M	94.03M	87.2M	82.32M	78.95M	78.76M	76.65M	78.92M	77.03M	74.11M
Selling & General & Admin	251.13M	246.37M	244.9M	239.69M	236.3M	235.73M	224M	220.86M	213.85M	204.78M	208.19M	198.7M	192.51M	184.6M	175.74M	173.07M	167.21M	163.61M	161.39M	161.53M	165.25M	162.52M	156.54M	148.68M	139.13M	137.17M	135.61M	133.7M	132.28M	129.65M	126.26M	124.84M	123.2M	122.19M	121.66M	120.71M	120.78M
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	155.14M	153.37M	148.8M	149.64M	148.36M	148.01M	154.05M	152.52M	154.89M	161.21M	180.71M	170.49M	160.11M	142.78M	108.67M	105.13M	105.46M	105.6M	98.35M	100.88M	122.11M	116.12M	122.24M	118.01M	88.67M	87.78M	78.5M	75.29M	75.98M	73.94M	76.42M	72.83M	68.91M	67.6M	60.44M	63.11M	64.15M
Operating Expenses	406.27M	399.74M	393.7M	389.34M	384.66M	383.74M	378.06M	373.38M	368.75M	365.99M	388.9M	369.18M	352.62M	327.38M	284.4M	278.2M	272.67M	269.21M	259.74M	262.41M	287.37M	278.64M	278.78M	266.69M	227.81M	224.94M	214.12M	209M	208.26M	203.58M	202.68M	197.67M	192.11M	189.8M	182.1M	183.82M	184.94M
Interest Expense	286.83M	291.02M	281.44M	259.67M	231.87M	189.21M	142.9M	97.23M	54.34M	29.59M	17.21M	12.77M	12.85M	13.72M	15.69M	19.8M	25.32M	34.34M	42.69M	50.68M	57.94M	53.88M	47.79M	39.4M	29.28M	25.54M	22.96M	21.03M	19.41M	18.33M	17.97M	17.9M	18.15M	18.79M	19.1M	19.64M	20.29M
Selling & Marketing Expenses	1.83M	1.83M	1.83M	1.83M	1.64M	1.64M	1.64M	1.64M	n/a	n/a	1.14M	2.02M	2.02M	2.02M	2.04M	2.37M	3.15M	4.26M	4.64M	4.84M	5.34M	5.44M	5.17M	5.15M	5.03M	4.94M	4.66M	4.62M	4.82M	4.99M	5.09M	5.38M	5.24M	5.2M	4.68M	4.44M	5.07M
Cost & Expenses	739.35M	727.01M	709.39M	669.25M	637.54M	596.2M	544.21M	491.36M	438.84M	402.08M	442.82M	405.65M	384.18M	359.31M	282.59M	298M	322.99M	356.05M	358.93M	362.08M	375.31M	338.52M	329.77M	310.36M	262.36M	255.26M	241.95M	233.82M	230.52M	224.34M	225.77M	221.64M	215.89M	214.66M	203.77M	205.89M	207.75M
Income Tax Expense	53.06M	55.05M	58.26M	65.23M	70.28M	75.63M	82.76M	86.6M	86.92M	83.94M	57.88M	48.83M	40.85M	35.68M	49.05M	46.13M	41.46M	31.67M	35.49M	41.33M	43.56M	52.93M	46.82M	39.76M	39M	34.3M	40.96M	43.67M	45.16M	47.34M	40.12M	37.24M	36.01M	35.43M	36M	34.07M	31.78M
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)	4.44	4.52	4.60	4.97	5.18	5.42	5.85	6.04	5.94	5.70	4.05	3.69	3.51	3.65	4.66	4.51	4.13	3.65	3.98	4.43	4.56	5.03	4.73	4.42	4.66	4.41	4.13	3.80	3.42	3.19	3.03	2.94	2.96	2.90	3.00	2.93	2.83
EPS (Diluted)	4.44	4.52	4.60	4.97	5.18	5.42	5.85	6.04	5.94	5.70	4.05	3.69	3.51	3.65	4.66	4.51	4.13	3.65	3.98	4.43	4.56	5.03	4.72	4.41	4.65	4.40	4.13	3.80	3.42	3.18	3.02	2.93	2.95	2.90	3.00	2.93	2.83
EBITDA	282.69M	288.02M	295.14M	318.85M	333.06M	351.24M	381.35M	396.65M	397.19M	386.55M	284.11M	241.84M	207.95M	189.5M	233.76M	224.43M	206.08M	180.1M	196.09M	216.81M	222.59M	237.55M	212.28M	185.18M	183.81M	171.53M	170.59M	164.51M	155.49M	150.23M	137.56M	130.75M	129.78M	126.43M	128.61M	124.2M	117.93M
EBIT	241.8M	247.13M	255.11M	279.94M	296.3M	315.13M	344.5M	359.43M	358.88M	347.75M	246.35M	205.41M	173.23M	156.68M	202.98M	194.92M	177.59M	152.84M	169.5M	192.31M	200.26M	218.11M	194.46M	168.56M	168.29M	155.93M	154.71M	148.26M	139.19M	134.54M	122.44M	116.19M	114.78M	112.08M	114.92M	111.11M	105.89M
Depreciation & Amortization	40.89M	40.89M	40.03M	38.9M	36.76M	36.1M	36.85M	37.23M	38.31M	38.8M	37.77M	36.43M	34.72M	32.82M	30.78M	29.5M	28.5M	27.26M	26.59M	24.51M	22.33M	19.44M	17.82M	16.63M	15.52M	15.6M	15.88M	16.25M	16.3M	15.68M	15.12M	14.57M	15.01M	14.35M	13.69M	13.1M	12.04M