Independent Bank Corp. (INDB)

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57.02

2.40 (4.39%)

At close: Apr 22, 2025, 3:59 PM

55.69

-2.34%

After-hours: Apr 22, 2025, 05:51 PM EDT

Independent Bank Income Statement

Financials in USD. Fiscal year is January - December.

Fiscal Year	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	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	905.06M	937.31M	871.79M	811.64M	761.14M	754.62M	762M	580.55M	395.08M	346.13M	271.88M	388.34M	507.41M	473.58M	476.57M	477.54M	477.45M	492.86M	509.73M	525.11M	508.43M	478.92M	442.01M	402.39M	386.67M	372.62M	360.97M	351.06M	341.84M	332.62M	322.86M	315.33M	310.24M	304.34M	300.55M	295.8M
Cost of Revenue	63.38M	63.38M	31.69M	-166K	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
Gross Profit	841.68M	873.93M	840.1M	811.8M	761.14M	754.62M	762M	580.55M	395.08M	346.13M	271.88M	388.34M	507.41M	473.58M	476.57M	477.54M	477.45M	492.86M	509.73M	525.11M	508.43M	478.92M	442.01M	402.39M	386.67M	372.62M	360.97M	351.06M	341.84M	332.62M	322.86M	315.33M	310.24M	304.34M	300.55M	295.8M
Operating Income	191.34M	262.25M	287.08M	299.28M	333.44M	369.31M	382.03M	384.75M	358.5M	253.99M	218.17M	186.08M	170.39M	218.67M	214.72M	202.9M	187.18M	212.19M	242.99M	258.2M	271.99M	242.24M	207.96M	197.57M	181.46M	177.68M	169.29M	158.59M	152.88M	140.41M	134.09M	132.93M	130.87M	134.02M	130.75M	126.17M
Interest Income	852.75M	668.5M	654.9M	641.73M	620.62M	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	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	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	246.37M	244.9M	239.69M	234.66M	234.09M	229.24M	228.36M	225.24M	218.54M	213.94M	202.18M	193.75M	183.47M	174.59M	170.71M	164.84M	161.25M	158.65M	158.58M	161.02M	157.07M	151.37M	143.53M	134.1M	132.23M	130.96M	129.08M	127.46M	124.66M	121.18M	119.46M	117.97M	116.99M	116.98M	116.28M	115.72M
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
Other Expenses	165.9M	-83.47M	-356.18M	-483.44M	-601.46M	-614.55M	-608.32M	-421.05M	-255.12M	-128.15M	6.83M	-133.29M	-257.76M	-235.38M	-323.23M	-330.15M	-342.19M	-342.19M	-328.2M	-330.8M	-296.38M	-296.38M	-285.91M	-247.26M	-245.77M	-245.77M	-240.63M	-239.79M	-233.48M	-233.48M	-228.33M	-220.47M	-216.46M	-216.46M	-215.24M	-214.5M
Operating Expenses	408.68M	97.5M	-180.41M	-310.92M	-427.7M	-385.31M	-379.96M	-195.81M	-36.58M	-82.08M	16.73M	-131.82M	-266.57M	-254.77M	-322.09M	-334.88M	-350.51M	-348.44M	-334.51M	-334.68M	-304.21M	-283.97M	-281.34M	-252.12M	-252.5M	-246.2M	-242.93M	-243.72M	-240.21M	-234.92M	-231.48M	-225.12M	-222.08M	-217.88M	-217.36M	-217.19M
Interest Expense	291.02M	281.44M	259.67M	231.88M	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	72.47M	72.47M	72.47M	72.28M	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	702.42M	391.25M	113.33M	-164.76M	-427.7M	-385.31M	-379.96M	-195.81M	-36.58M	-82.08M	16.73M	-131.82M	-266.57M	-254.77M	-322.09M	-334.88M	-350.51M	-348.44M	-334.51M	-334.68M	-304.21M	-283.97M	-281.34M	-252.12M	-252.5M	-246.2M	-242.93M	-243.72M	-240.21M	-234.92M	-231.48M	-225.12M	-222.08M	-217.88M	-217.36M	-217.19M
Income Tax Expense	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)	42.49M	42.5M	42.47M	42.55M	43.47M	44.14M	44.13M	45M	45.64M	45.84M	46.67M	47.37M	40.35M	33.04M	33.03M	33M	32.96M	32.95M	32.94M	34.18M	34.37M	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	26.28M
Shares Outstanding (Diluted)	42.51M	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	33.03M	32.99M	32.98M	32.97M	34.22M	34.42M	34.4M	34.36M	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)	4.52	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)	4.52	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	215.14M	294.59M	318.3M	333.64M	351.89M	382.01M	397.31M	397.19M	387.15M	277.6M	235.32M	201.43M	182.56M	229.49M	220.16M	201.82M	175.66M	194.45M	213.66M	219.44M	233.07M	208.16M	181.29M	179.92M	167.67M	165.27M	159.2M	149M	145.01M	133.84M	125.81M	91.81M	58.51M	31.27M	n/a	n/a
EBIT	174.25M	254.56M	279.39M	296.88M	315.79M	345.16M	360.09M	358.88M	348.35M	239.83M	198.89M	166.71M	149.73M	198.71M	190.66M	173.32M	148.4M	167.86M	189.16M	197.11M	213.63M	190.33M	164.66M	164.4M	152.07M	149.39M	142.95M	132.69M	129.33M	118.72M	111.25M	76.8M	44.16M	17.59M	-13.1M	-12.04M
Depreciation & Amortization	40.89M	40.03M	38.9M	36.76M	36.1M	36.85M	37.23M	38.31M	38.8M	37.77M	36.38M	34.67M	32.78M	30.73M	29.5M	28.5M	27.26M	26.59M	28.53M	22.78M	19.44M	17.82M	12.99M	15.46M	15.99M	16.27M	16.25M	16.3M	15.68M	15.12M	14.57M	15.01M	14.35M	13.69M	13.14M	12.04M