Independent Bank Corp. (INDB)
NASDAQ: INDB · Real-Time Price · USD
76.83
-1.47 (-1.88%)
Mar 6, 2026, 2:58 PM EST - Market open
Independent Bank Income Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Fiscal Year | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | 2020 - 2016 |
|---|---|---|---|---|---|---|
Period Ending | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 | 2020 - 2016 |
| Interest Income on Loans | 923.02 | 789.99 | 730.2 | 578.1 | 382.29 | Upgrade
|
| Interest Income on Investments | 99.38 | 62.77 | 65.53 | 64.75 | 32.99 | Upgrade
|
| Total Interest Income | 1,022 | 852.75 | 795.73 | 642.84 | 415.28 | Upgrade
|
| Interest Paid on Deposits | 274.4 | 246.96 | 144.75 | 24.65 | 8.33 | Upgrade
|
| Interest Paid on Borrowings | 39.17 | 44.06 | 44.45 | 4.94 | 5.39 | Upgrade
|
| Total Interest Expense | 313.57 | 291.02 | 189.21 | 29.59 | 13.72 | Upgrade
|
| Net Interest Income | 708.83 | 561.73 | 606.52 | 613.25 | 401.56 | Upgrade
|
| Net Interest Income Growth (YoY) | 26.19% | -7.38% | -1.10% | 52.72% | 9.20% | Upgrade
|
| Trust Income | 50.05 | 42.74 | 40.19 | 36.83 | 35.31 | Upgrade
|
| Mortgage Banking Activities | 4.53 | 4.14 | 2.33 | 3.52 | 13.28 | Upgrade
|
| Gain (Loss) on Sale of Assets | - | - | - | - | -0.14 | Upgrade
|
| Gain (Loss) on Sale of Investments | 0.4 | 0.42 | 1.18 | -3.06 | 0.55 | Upgrade
|
| Other Non-Interest Income | 61.57 | 54.25 | 57.43 | 50.95 | 39.96 | Upgrade
|
| Total Non-Interest Income | 148.69 | 128.01 | 124.61 | 111.61 | 105.71 | Upgrade
|
| Non-Interest Income Growth (YoY) | 16.15% | 2.73% | 11.65% | 5.58% | -3.93% | Upgrade
|
| Revenues Before Loan Losses | 857.52 | 689.74 | 731.13 | 724.86 | 507.27 | Upgrade
|
| Provision for Loan Losses | 65.47 | 36.25 | 23.25 | 6.5 | 18.21 | Upgrade
|
| Revenue | 792.05 | 653.49 | 707.88 | 718.36 | 489.07 | Upgrade
|
| Revenue Growth (YoY) | 21.20% | -7.68% | -1.46% | 46.88% | 15.00% | Upgrade
|
| Salaries and Employee Benefits | 279.47 | 227.73 | 216.36 | 200.92 | 169.01 | Upgrade
|
| Occupancy Expenses | 42.61 | 37.67 | 36.08 | 32.45 | 21.69 | Upgrade
|
| Federal Deposit Insurance | 12.5 | 10.89 | 11.95 | 6.95 | 3.98 | Upgrade
|
| Amortization of Goodwill & Intangibles | 16.91 | 5.91 | 6.88 | 7.66 | 5.72 | Upgrade
|
| Selling, General & Administrative | 65.02 | 55.56 | 55.28 | 53.78 | 41.47 | Upgrade
|
| Other Non-Interest Expense | 72.77 | 66.11 | 65.6 | 61.08 | 48.96 | Upgrade
|
| Total Non-Interest Expense | 490.25 | 404.46 | 392.75 | 363.5 | 291.55 | Upgrade
|
| EBT Excluding Unusual Items | 301.81 | 249.03 | 315.13 | 354.85 | 197.52 | Upgrade
|
| Pretax Income | 262.17 | 247.13 | 315.13 | 347.75 | 156.68 | Upgrade
|
| Income Tax Expense | 57.05 | 55.05 | 75.63 | 83.94 | 35.68 | Upgrade
|
| Net Income | 205.12 | 192.08 | 239.5 | 263.81 | 120.99 | Upgrade
|
| Net Income to Common | 205.12 | 192.08 | 239.5 | 263.81 | 120.99 | Upgrade
|
| Net Income Growth | 6.79% | -19.80% | -9.21% | 118.04% | -0.14% | Upgrade
|
| Basic Shares Outstanding | 46 | 42 | 44 | 46 | 35 | Upgrade
|
| Diluted Shares Outstanding | 46 | 43 | 44 | 46 | 35 | Upgrade
|
| Shares Change (YoY) | 8.65% | -3.81% | -4.74% | 32.97% | 4.82% | Upgrade
|
| EPS (Basic) | 4.44 | 4.52 | 5.42 | 5.69 | 3.47 | Upgrade
|
| EPS (Diluted) | 4.44 | 4.52 | 5.42 | 5.69 | 3.47 | Upgrade
|
| EPS Growth | -1.76% | -16.61% | -4.73% | 63.97% | -4.68% | Upgrade
|
| Dividend Per Share | 2.360 | 2.280 | 2.200 | 2.080 | 1.920 | Upgrade
|
| Dividend Growth | 3.51% | 3.64% | 5.77% | 8.33% | 4.35% | Upgrade
|
| Effective Tax Rate | 21.76% | 22.27% | 24.00% | 24.14% | 22.78% | Upgrade
|
Source: S&P Capital IQ. Banks template. Financial Sources.