INDB
Income statement / Annual
Last year (2024), Independent Bank Corp.'s total revenue was $852.75 M,
an increase of 7.17% from the previous year.
In 2024, Independent Bank Corp.'s net income was $192.08 M.
See Independent Bank Corp.,s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2024
|
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
FY-2017
|
FY-2016
|
FY-2015
|
| Period Ended |
12/31/2024 |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
12/31/2017 |
12/31/2016 |
12/31/2015 |
| Operating Revenue |
$852.75 M |
$795.73 M |
$727.92 M |
$507.41 M |
$477.45 M |
$508.43 M |
$386.67 M |
$341.84 M |
$310.24 M |
$289.59 M |
| Cost of Revenue |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$3.43 M
|
$0.00
|
$0.00
|
$0.00
|
| Gross Profit |
$852.75 M
|
$795.73 M
|
$727.92 M
|
$507.41 M
|
$477.45 M
|
$508.43 M
|
$383.24 M
|
$341.84 M
|
$310.24 M
|
$289.59 M
|
| Gross Profit Ratio |
1
|
1
|
1
|
1
|
1
|
1
|
0.99
|
1
|
1
|
1
|
| Research and Development Expenses |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| General & Administrative Expenses |
$244.55 M
|
$234.09 M
|
$211.66 M
|
$183.47 M
|
$161.25 M
|
$157.08 M
|
$132.23 M
|
$124.66 M
|
$116.99 M
|
$113.68 M
|
| Selling & Marketing Expenses |
$0.00
|
$0.00
|
$0.00
|
$4.09 M
|
$4.26 M
|
$5.44 M
|
$4.94 M
|
$4.99 M
|
$5.20 M
|
$4.65 M
|
| Selling, General & Administrative Expenses |
$244.55 M
|
$234.09 M
|
$211.66 M
|
$183.47 M
|
$161.25 M
|
$157.08 M
|
$132.23 M
|
$124.66 M
|
$116.99 M
|
$113.68 M
|
| Other Expenses |
$438.57 M
|
$488.04 M
|
-$601.03 M
|
-$534.20 M
|
-$485.86 M
|
-$447.40 M
|
-$343.15 M
|
-$313.62 M
|
-$296.36 M
|
-$290.48 M
|
| Operating Expenses |
$683.11 M
|
$722.13 M
|
-$389.37 M
|
-$350.73 M
|
-$324.62 M
|
-$290.32 M
|
-$201.78 M
|
-$188.96 M
|
-$179.37 M
|
-$176.80 M
|
| Cost And Expenses |
$683.11 M
|
$722.13 M
|
-$389.37 M
|
-$350.73 M
|
-$324.62 M
|
-$290.32 M
|
-$201.78 M
|
-$188.96 M
|
-$179.37 M
|
-$176.80 M
|
| Interest Income |
$852.75 M
|
$795.73 M
|
$642.84 M
|
$415.28 M
|
$402.07 M
|
$447.01 M
|
$323.70 M
|
$277.19 M
|
$246.64 M
|
$235.55 M
|
| Interest Expense |
$291.02 M
|
$189.21 M
|
$29.59 M
|
$13.72 M
|
$34.34 M
|
$53.88 M
|
$25.54 M
|
$18.33 M
|
$18.79 M
|
$20.62 M
|
| Depreciation & Amortization |
$40.89 M
|
$0.00
|
$26.06 M
|
$18.22 M
|
$19.00 M
|
$18.20 M
|
$11.80 M
|
$12.00 M
|
$10.10 M
|
$12.29 M
|
| EBITDA |
$0.00 |
$0.00 |
$386.55 M |
$189.50 M |
$174.40 M |
$238.80 M |
$167.83 M |
$150.31 M |
$124.07 M |
$104.49 M |
| EBITDA Ratio |
0
|
0
|
0.52
|
0.37
|
0.38
|
0.47
|
0.51
|
0.49
|
0.47
|
0.43
|
| Operating Income Ratio |
-0.68
|
0.4
|
0.47
|
0.31
|
0.32
|
0.43
|
0.47
|
0.45
|
0.42
|
0.39
|
| Total Other Income/Expenses Net |
$826.17 M
|
$0.00
|
-$85.48 M
|
-$99.49 M
|
-$62.55 M
|
-$77.32 M
|
-$54.23 M
|
-$44.81 M
|
-$43.49 M
|
-$51.51 M
|
| Income Before Tax |
$247.13 M
|
$315.13 M
|
$347.75 M
|
$156.68 M
|
$152.84 M
|
$218.11 M
|
$155.93 M
|
$134.55 M
|
$112.08 M
|
$92.18 M
|
| Income Before Tax Ratio |
0.29
|
0.4
|
0.48
|
0.31
|
0.32
|
0.43
|
0.4
|
0.39
|
0.36
|
0.32
|
| Income Tax Expense |
$55.05 M
|
$75.63 M
|
$83.94 M
|
$35.68 M
|
$31.67 M
|
$52.93 M
|
$34.30 M
|
$47.34 M
|
$35.43 M
|
$27.22 M
|
| Net Income |
$192.08 M
|
$239.50 M
|
$263.81 M
|
$120.99 M
|
$121.17 M
|
$165.18 M
|
$121.62 M
|
$87.20 M
|
$76.65 M
|
$64.96 M
|
| Net Income Ratio |
0.23
|
0.3
|
0.36
|
0.24
|
0.25
|
0.32
|
0.31
|
0.26
|
0.25
|
0.22
|
| EPS |
4.52 |
5.42 |
5.69 |
3.47 |
3.64 |
5.03 |
4.41 |
3.19 |
2.9 |
2.51 |
| EPS Diluted |
4.52 |
5.42 |
5.69 |
3.47 |
3.64 |
5.03 |
4.4 |
3.19 |
2.9 |
2.5 |
| Weighted Average Shares Out |
$42.50 M
|
$44.18 M
|
$46.37 M
|
$34.87 M
|
$33.26 M
|
$32.81 M
|
$27.59 M
|
$27.29 M
|
$26.40 M
|
$25.89 M
|
| Weighted Average Shares Out Diluted |
$42.51 M
|
$44.19 M
|
$46.39 M
|
$34.89 M
|
$33.29 M
|
$32.86 M
|
$27.65 M
|
$27.37 M
|
$26.46 M
|
$25.96 M
|
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