Independent Bank Corp. (INDB)
NASDAQ: INDB · Real-Time Price · USD
73.66
-0.07 (-0.09%)
At close: Dec 5, 2025, 4:00 PM EST
73.64
-0.02 (-0.03%)
After-hours: Dec 5, 2025, 5:01 PM EST
Independent Bank Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | 2019 - 2015 |
|---|---|---|---|---|---|---|---|
Period Ending | Sep '25 Sep 30, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | Dec '20 Dec 31, 2020 | 2019 - 2015 |
| Interest Income on Loans | 855.46 | 789.99 | 730.2 | 578.1 | 382.29 | 371.05 | Upgrade
|
| Interest Income on Investments | 85.73 | 62.77 | 65.53 | 64.75 | 32.99 | 31.02 | Upgrade
|
| Total Interest Income | 941.19 | 852.75 | 795.73 | 642.84 | 415.28 | 402.07 | Upgrade
|
| Interest Paid on Deposits | 264.21 | 246.96 | 144.75 | 24.65 | 8.33 | 27.33 | Upgrade
|
| Interest Paid on Borrowings | 35.97 | 44.06 | 44.45 | 4.94 | 5.39 | 7.01 | Upgrade
|
| Total Interest Expense | 300.18 | 291.02 | 189.21 | 29.59 | 13.72 | 34.34 | Upgrade
|
| Net Interest Income | 641.01 | 561.73 | 606.52 | 613.25 | 401.56 | 367.73 | Upgrade
|
| Net Interest Income Growth (YoY) | 14.03% | -7.38% | -1.10% | 52.72% | 9.20% | -6.46% | Upgrade
|
| Trust Income | 47.04 | 42.74 | 40.19 | 36.83 | 35.31 | 29.43 | Upgrade
|
| Mortgage Banking Activities | 4.31 | 4.14 | 2.33 | 3.52 | 13.28 | 18.95 | Upgrade
|
| Gain (Loss) on Sale of Assets | - | - | - | - | -0.14 | -0.37 | Upgrade
|
| Gain (Loss) on Sale of Investments | -0.22 | 0.42 | 1.18 | -3.06 | 0.55 | -0.51 | Upgrade
|
| Other Non-Interest Income | 58.15 | 54.25 | 57.43 | 50.95 | 39.96 | 47.41 | Upgrade
|
| Total Non-Interest Income | 139.44 | 128.01 | 124.61 | 111.61 | 105.71 | 110.04 | Upgrade
|
| Non-Interest Income Growth (YoY) | 9.03% | 2.73% | 11.65% | 5.58% | -3.93% | -3.74% | Upgrade
|
| Revenues Before Loan Losses | 780.44 | 689.74 | 731.13 | 724.86 | 507.27 | 477.76 | Upgrade
|
| Provision for Loan Losses | 68.22 | 36.25 | 23.25 | 6.5 | 18.21 | 52.5 | Upgrade
|
| Revenue | 712.22 | 653.49 | 707.88 | 718.36 | 489.07 | 425.26 | Upgrade
|
| Revenue Growth (YoY) | 8.60% | -7.68% | -1.46% | 46.88% | 15.00% | -15.19% | Upgrade
|
| Salaries and Employee Benefits | 257.07 | 227.73 | 216.36 | 200.92 | 169.01 | 149.19 | Upgrade
|
| Occupancy Expenses | 40.99 | 37.67 | 36.08 | 32.45 | 21.69 | 24.35 | Upgrade
|
| Federal Deposit Insurance | 11.03 | 10.89 | 11.95 | 6.95 | 3.98 | 2.52 | Upgrade
|
| Amortization of Goodwill & Intangibles | 11.27 | 5.91 | 6.88 | 7.66 | 5.72 | 6.14 | Upgrade
|
| Selling, General & Administrative | 62.25 | 55.56 | 55.28 | 53.78 | 41.47 | 35.49 | Upgrade
|
| Other Non-Interest Expense | 69.53 | 66.11 | 65.6 | 61.08 | 48.96 | 49.73 | Upgrade
|
| Total Non-Interest Expense | 452.75 | 404.46 | 392.75 | 363.5 | 291.55 | 268.26 | Upgrade
|
| EBT Excluding Unusual Items | 259.48 | 249.03 | 315.13 | 354.85 | 197.52 | 157 | Upgrade
|
| Other Unusual Items | - | - | - | - | - | -4.16 | Upgrade
|
| Pretax Income | 230.29 | 247.13 | 315.13 | 347.75 | 156.68 | 152.84 | Upgrade
|
| Income Tax Expense | 50.47 | 55.05 | 75.63 | 83.94 | 35.68 | 31.67 | Upgrade
|
| Net Income | 179.82 | 192.08 | 239.5 | 263.81 | 120.99 | 121.17 | Upgrade
|
| Net Income to Common | 179.82 | 192.08 | 239.5 | 263.81 | 120.99 | 121.17 | Upgrade
|
| Net Income Growth | -8.65% | -19.80% | -9.21% | 118.04% | -0.14% | -26.64% | Upgrade
|
| Basic Shares Outstanding | 44 | 42 | 44 | 46 | 35 | 33 | Upgrade
|
| Diluted Shares Outstanding | 44 | 43 | 44 | 46 | 35 | 33 | Upgrade
|
| Shares Change (YoY) | 3.95% | -3.81% | -4.74% | 32.97% | 4.82% | 1.31% | Upgrade
|
| EPS (Basic) | 4.05 | 4.52 | 5.42 | 5.69 | 3.47 | 3.64 | Upgrade
|
| EPS (Diluted) | 4.05 | 4.52 | 5.42 | 5.69 | 3.47 | 3.64 | Upgrade
|
| EPS Growth | -12.01% | -16.61% | -4.73% | 63.97% | -4.68% | -27.63% | Upgrade
|
| Dividend Per Share | 2.340 | 2.280 | 2.200 | 2.080 | 1.920 | 1.840 | Upgrade
|
| Dividend Growth | 3.54% | 3.64% | 5.77% | 8.33% | 4.35% | 4.54% | Upgrade
|
| Effective Tax Rate | 21.92% | 22.27% | 24.00% | 24.14% | 22.78% | 20.72% | Upgrade
|
Source: S&P Capital IQ. Banks template. Financial Sources.