Independent Bank Corp. (INDB) Fundamentals — Income, Balance Sheet & Cash Flow | MarketCI

Independent Bank Corp. (INDB) Fundamentals — Income, Balance Sheet & Cash Flow | MarketCI | MarketCI

INDB

Market Closed

Independent Bank Corp.

NASDAQFinancial Services Banks - Regional

2.29K employees

CEO: Jeffrey J. Tengel

Founded: 1986

$85.12

+$0.00(+NaN%)

Market Cap

4.11B

Beta

0.79

52W Range

N/A

Dividend Yield

2.89%

Overview Forecasts Fundamental Market Sentiment Valuation Ownership

Financial Statements

Comprehensive breakdown of financial statements and performance metrics

Gross Margin

67.9%

22.6%

CAGR: 13.1%

Profit after direct costs

Operating Margin

22.9%

8.0%

CAGR: 14.2%

Core business profitability

Net Margin

17.6%

6.8%

CAGR: 14.1%

Bottom line profitability

Revenue Growth

19.8%

YoY

CAGR: 22.6%

Top line growth rate

Revenue Flow Analysis

Visual flow showing how INDB allocates revenue across expenses and profit

Fiscal Year 2025

Revenue Distribution

Flow of revenue through cost categories to net income

Gross Margin

67.9%

$792.88M

Operating Margin

22.9%

$266.92M

Net Margin

17.6%

$205.12M

Detailed Income Statement

Complete profit and loss breakdown with margin analysis and historical comparison

Item	2021	2022	2023	2024	2025	YoY Change
Total Revenue	515.98M	749.84M	911.33M	974.14M	1.17B	19.8%
Cost of Revenue	(31.92M)	(36.09M)	(212.46M)	(327.27M)	(374.29M)	14.4%
Gross Profit	484.06M	713.75M	698.88M	646.86M	792.88M	22.6%
Operating Expenses
Research & Development	—	—	—	—	—	—
Selling, General & Administrative	(176.57M)	(211.66M)	(234.09M)	(244.54M)	(297.74M)	21.8%
General & Administrative	(176.57M)	(211.66M)	(234.09M)	(244.54M)	(295.94M)	21.0%
Selling & Marketing	—	—	—	—	(1.80M)	—
Depreciation & Amortization	(32.82M)	(38.80M)	(36.10M)	(40.89M)	(39.31M)	-3.9%
Operating Income (EBIT)	156.68M	347.75M	315.13M	247.13M	266.92M	8.0%
Non-Operating Items
Interest Income	415.28M	642.84M	795.73M	852.75M	1.02B	19.9%
Interest Expense	(13.72M)	(29.59M)	(189.21M)	(291.02M)	(313.57M)	7.7%
Other Income/Expenses (Net)	—	—	—	—	-4.75M	—
Income Before Tax	156.68M	347.75M	315.13M	247.13M	262.17M	6.1%
Income Tax Expense	(35.68M)	(83.94M)	(75.63M)	(55.05M)	(57.05M)	3.6%
Net Income	120.99M	263.81M	239.50M	192.08M	205.12M	6.8%
Per Share Metrics
Earnings Per Share (Basic)	$3	$6	$5	$5	$4	-1.5%
Weighted Avg Shares Outstanding	34.87M	46.37M	44.18M	42.50M	49.45M	16.4%
Weighted Avg Shares Outstanding (Diluted)	34.89M	46.39M	44.19M	42.51M	49.48M	16.4%
EBITDA	189.50M	386.55M	351.24M	288.02M	306.23M	6.3%

Explore INDB

Overview

Key metrics and AI-powered insights

Forecast

Price targets and earnings estimates

Fundamentals

Income, balance sheet and cash flow

Valuation

P/E, DCF and valuation multiples

Ownership

Institutional and insider holdings

Sentiment

Analyst ratings and news sentiment

INDB in the Financial Services

Mid Cap

Financial Services

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Banks - Regional

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