INDB
Income statement / Annual
Last year (2024), Independent Bank Corp.'s total revenue was $974.14 M,
an increase of 6.89% 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 |
$974.14 M |
$911.33 M |
$749.84 M |
$515.98 M |
$507.42 M |
$556.63 M |
$412.21 M |
$356.76 M |
$326.07 M |
$307.75 M |
| Cost of Revenue |
$327.27 M
|
$212.46 M
|
$36.09 M
|
$31.92 M
|
$86.84 M
|
$59.88 M
|
$30.31 M
|
$21.28 M
|
$24.87 M
|
$22.12 M
|
| Gross Profit |
$646.86 M
|
$698.88 M
|
$713.75 M
|
$484.06 M
|
$420.58 M
|
$496.75 M
|
$381.90 M
|
$335.47 M
|
$301.20 M
|
$285.64 M
|
| Gross Profit Ratio |
0.66
|
0.77
|
0.95
|
0.94
|
0.83
|
0.89
|
0.93
|
0.94
|
0.92
|
0.93
|
| 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
|
$176.57 M
|
$154.98 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
|
$0.00
|
$0.00
|
$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
|
$176.57 M
|
$154.98 M
|
$162.52 M
|
$137.17 M
|
$129.65 M
|
$122.19 M
|
$118.32 M
|
| Other Expenses |
$155.19 M
|
$149.66 M
|
$154.33 M
|
$150.82 M
|
$112.76 M
|
$116.12 M
|
$88.80 M
|
$71.28 M
|
$66.94 M
|
$75.14 M
|
| Operating Expenses |
$399.74 M
|
$383.74 M
|
$365.99 M
|
$327.39 M
|
$267.74 M
|
$278.64 M
|
$225.97 M
|
$200.93 M
|
$189.13 M
|
$193.46 M
|
| Cost And Expenses |
$727.01 M
|
$596.20 M
|
$402.08 M
|
$359.31 M
|
$354.58 M
|
$338.52 M
|
$256.28 M
|
$222.21 M
|
$214.00 M
|
$215.58 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
|
$36.10 M
|
$38.80 M
|
$32.82 M
|
$27.26 M
|
$19.44 M
|
$15.63 M
|
$15.76 M
|
$14.35 M
|
$12.31 M
|
| EBITDA |
$288.02 M |
$351.24 M |
$386.55 M |
$189.50 M |
$180.10 M |
$237.55 M |
$171.56 M |
$150.31 M |
$126.43 M |
$104.49 M |
| EBITDA Ratio |
0.3
|
0.39
|
0.52
|
0.37
|
0.35
|
0.43
|
0.42
|
0.42
|
0.39
|
0.34
|
| Operating Income Ratio |
0.25
|
0.35
|
0.46
|
0.3
|
0.3
|
0.39
|
0.38
|
0.38
|
0.34
|
0.3
|
| Total Other Income/Expenses Net |
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
$0.00
|
| 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 |
0.25
|
0.35
|
0.46
|
0.3
|
0.3
|
0.39
|
0.38
|
0.38
|
0.34
|
0.3
|
| 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 |
0.2
|
0.26
|
0.35
|
0.23
|
0.24
|
0.3
|
0.3
|
0.24
|
0.24
|
0.21
|
| 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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