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Independent Bank Corp. (INDB)

Nasdaq Financials Regional Banks S&P SmallCap 600
$84.10
-0.30 (-0.36%)
Close of Nov 06, 2026 · end-of-day data
Source: Independent Bank Corp.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 05, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Interest expense$18.79M$18.33M$25.54M$53.88M$34.34M$13.72M$29.59M$189.21M——
Pre-tax income$112.08M$134.54M$155.93M$218.11M$152.84M$156.68M$347.75M$315.13M$247.13M$262.17M
Income tax$35.43M$47.34M$34.30M$52.93M$31.67M$35.68M$83.94M$75.63M$55.05M$57.05M
Net income$76.65M$87.20M$121.62M$165.18M$121.17M$120.99M$263.81M$239.50M$192.08M$205.12M
EPS (basic)$2.90$3.19$4.41$5.03$3.64$3.47$5.69$5.42$4.52$4.44
EPS (diluted)$2.90$3.19$4.40$5.03$3.64$3.47$5.69$5.42$4.52$4.44
Diluted shares26.46M27.37M27.65M32.86M33.29M34.89M46.39M44.19M42.51M46.19M

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents———$150.97M$1.30B$2.24B$352.93M$224.33M$219.89M$771.90M
Goodwill$221.53M$256.11M$506.21M$506.21M$506.21M$985.07M$985.07M$985.07M$985.07M$1.09B
Total assets$7.71B$8.08B$8.85B$11.40B$13.20B$20.42B$19.29B$19.35B$19.37B$24.91B
Short-term debt——$0$50.00M——————
Long-term debt$107.74M$107.75M$110.90M$187.35M$145.32M$126.71M$112.74M$112.84M$62.86M$359.35M
Total debt$107.74M$107.75M$110.90M$237.35M$145.32M$126.71M$112.74M$112.84M$62.86M$359.35M
Total liabilities$6.84B$7.14B$7.78B$9.69B$11.50B$17.40B$16.41B$16.45B$16.38B$21.35B
Shareholders' equity$864.69M$943.81M$1.07B$1.71B$1.70B$3.02B$2.89B$2.90B$2.99B$3.57B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow$92.90M$130.91M$141.84M$216.52M$64.64M$190.22M$421.20M$276.99M$229.92M$251.16M
Capital expenditures$10.39M$25.08M$11.11M$16.58M$12.59M$25.20M$22.07M$15.84M$20.43M$12.13M
Free cash flow$82.50M$105.83M$130.73M$199.94M$52.05M$165.02M$399.13M$261.15M$209.49M$239.03M
Investing cash flow-$238.89M-$316.77M-$387.51M$20.16M-$488.21M-$63.14M-$1.00B-$211.65M-$33.01M$5.05M
Financing cash flow$159.32M$109.88M$283.01M-$336.16M$1.57B$816.96M-$1.31B-$193.95M-$201.35M$295.80M
Dividends paid$29.71M$34.05M$40.17M$53.27M$60.84M$62.74M$93.73M$98.01M$96.20M$103.90M
Share buybacks——$0$0$95.09M$0$139.95M$188.91M$30.99M$60.85M
Stock-based compensation$2.96M$3.33M$4.22M$4.40M$4.12M$4.31M$4.46M$6.38M$6.52M$8.98M
Depreciation & amortization$14.35M$15.76M$15.63M$19.44M$27.26M$32.82M$38.80M$36.10M$40.89M$42.14M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.