INDB
INDEPENDENT BANK CORP
NASDAQ · Financial Services · Banks - Regional · US
$79.46
−0.53%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 1.3B | 1.2B | 974.1M | 911.3M | 749.8M |
| Cost of Revenue | 331.4M | 374.3M | 327.3M | 212.5M | 36.1M |
| Gross Profit | 932.8M | 792.9M | 646.9M | 698.9M | 713.7M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 447.3M | 297.7M | 244.5M | 234.1M | 211.7M |
| General & Admin Expense | 447.3M | 295.9M | 244.5M | 234.1M | 211.7M |
| Selling & Marketing Expense | — | 1.8M | — | — | — |
| Other Expenses | 128.6M | 228.2M | 155.2M | 149.7M | 154.3M |
| Total Operating Expenses | 576.0M | 526.0M | 399.7M | 383.7M | 366.0M |
| Cost and Expenses | 907.4M | 900.3M | 727.0M | 596.2M | 402.1M |
| Operating Income (EBIT) | 356.8M | 266.9M | 247.1M | 315.1M | 347.8M |
| Non-Operating | |||||
| Interest Income | 1.2B | 1.0B | 852.8M | 795.7M | 642.8M |
| Interest Expense | 324.9M | 313.6M | 291.0M | 189.2M | 29.6M |
| Net Interest Income | 856.5M | 708.8M | 561.7M | 606.5M | 613.2M |
| Other Non-Op Income/Expense | 66.2M | (4.8M) | — | — | — |
| Non-Operating Income (excl Interest) | — | — | — | — | — |
| EBT (Pre-Tax Income) | 422.9M | 262.2M | 247.1M | 315.1M | 347.8M |
| Income Tax Expense | 96.1M | 57.0M | 55.0M | 75.6M | 83.9M |
| Bottom Line | |||||
| Net Income | 326.8M | 205.1M | 192.1M | 239.5M | 263.8M |
| Earnings from Cont. Ops | 326.8M | 205.1M | 192.1M | 239.5M | 263.8M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 326.8M | 205.1M | 192.1M | 239.5M | 263.8M |
| Per Share | |||||
| Basic EPS | $6.75 | $4.45 | $4.52 | $5.42 | $5.69 |
| Diluted EPS | $6.75 | $4.45 | $4.52 | $5.42 | $5.69 |
| Revenue Per Share | $26.77 | $23.60 | $22.92 | $20.63 | $16.17 |
| Shares | |||||
| Basic Shares Outstanding | 47.2M | 49.5M | 42.5M | 44.2M | 46.4M |
| Diluted Shares Outstanding | 47.3M | 49.5M | 42.5M | 44.2M | 46.4M |
| Profitability Metrics | |||||
| EBITDA | 397.3M | 309.1M | 288.0M | 351.2M | 386.6M |
| D&A | 40.5M | 42.1M | 40.9M | 36.1M | 38.8M |
| EBIT | 356.8M | 266.9M | 247.1M | 315.1M | 347.8M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026