
Independent Bank Corp.
NASDAQ:INDB
65.34 (USD) • At close July 1, 2025
Overview | Financials
Numbers are in millions (except for per share data and ratios) USD.
2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 | 1997 | 1996 | 1995 | 1994 | 1993 | 1992 | 1991 | 1990 | 1989 | 1988 | 1987 | 1986 | 1985 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue
| 974.137 | 911.332 | 749.837 | 515.982 | 507.418 | 556.626 | 412.206 | 356.758 | 326.072 | 307.754 | 286.381 | 270.166 | 255.691 | 245.571 | 249.63 | 239.527 | 205.081 | 191.789 | 94.017 | 182.934 | 162.968 | 156.1 | 163.469 | 165.829 | 143.984 | 126.799 | 121.8 | 105.5 | 88.9 | 84.5 | 80.1 | 74.2 | 83 | 102.5 | 0 | 0 | 0 | 0 | 0 | 0 |
Cost of Revenue
| 327.274 | 212.455 | 36.091 | 31.922 | 86.841 | 59.879 | 30.311 | 21.284 | 24.868 | 22.117 | 30.82 | 33.536 | 41.449 | 40.154 | 57.418 | 69.33 | 69.814 | 66.685 | 67.373 | 53.993 | 39.815 | 35.953 | 45.444 | 59.097 | 57.687 | 54.105 | 53.6 | 43.9 | 34.2 | 30.1 | 27.7 | 31.7 | 43 | 72.9 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross Profit
| 646.863 | 698.877 | 713.746 | 484.06 | 420.577 | 496.747 | 381.895 | 335.474 | 301.204 | 285.637 | 255.561 | 236.63 | 214.242 | 205.417 | 192.212 | 170.197 | 135.267 | 125.104 | 26.644 | 128.941 | 123.153 | 120.147 | 118.025 | 106.732 | 86.297 | 72.694 | 68.2 | 61.6 | 54.7 | 54.4 | 52.4 | 42.5 | 40 | 29.6 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross Profit Ratio
| 0.664 | 0.767 | 0.952 | 0.938 | 0.829 | 0.892 | 0.926 | 0.94 | 0.924 | 0.928 | 0.892 | 0.876 | 0.838 | 0.836 | 0.77 | 0.711 | 0.66 | 0.652 | 0.283 | 0.705 | 0.756 | 0.77 | 0.722 | 0.644 | 0.599 | 0.573 | 0.56 | 0.584 | 0.615 | 0.644 | 0.654 | 0.573 | 0.482 | 0.289 | 0 | 0 | 0 | 0 | 0 | 0 |
Reseach & Development Expenses
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
General & Administrative Expenses
| 244.545 | 234.088 | 211.662 | 176.566 | 154.982 | 157.075 | 132.227 | 124.656 | 116.991 | 113.678 | 102.579 | 98.221 | 91.89 | 89.662 | 90.104 | 87.459 | 70.269 | 52.52 | 47.89 | 47.912 | 44.899 | 41.508 | 39.561 | 36.386 | 28.345 | 23.716 | 21.1 | 19.5 | 20 | 22.1 | 20.8 | 17.3 | 17 | 17.8 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling & Marketing Expenses
| 0 | 0 | 0 | 4.085 | 4.258 | 5.444 | 4.942 | 4.989 | 5.202 | 4.645 | 3.859 | 4.28 | 3.949 | 3.876 | 2.171 | 2.199 | 2.016 | 1.717 | 1.364 | 1.959 | 2.447 | 1.985 | 1.894 | 1.598 | 1.549 | 1.197 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
SG&A
| 244.545 | 234.088 | 211.662 | 176.566 | 154.982 | 162.519 | 137.169 | 129.645 | 122.193 | 118.323 | 106.438 | 102.501 | 95.839 | 93.538 | 92.275 | 89.658 | 72.285 | 54.237 | 47.89 | 49.871 | 47.346 | 43.493 | 41.455 | 37.984 | 29.894 | 24.913 | 21.1 | 19.5 | 20 | 22.1 | 20.8 | 17.3 | 17 | 17.8 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Expenses
| 155.191 | 149.655 | 154.33 | 150.819 | 112.759 | 116.12 | 88.8 | 71.284 | 66.936 | 75.136 | 65.379 | 67.391 | 61.103 | 49.295 | 47.47 | 50.803 | 32.467 | 33.695 | -68.856 | 30.744 | 31.417 | 34.687 | 39.211 | 36.211 | 34.799 | 23.205 | 23.2 | 20.6 | 16.9 | 17.2 | 22 | 20.1 | 22.6 | 28 | -17.9 | 5.9 | 8.9 | 8.3 | 7.8 | 6 |
Operating Expenses
| 399.736 | 383.743 | 365.992 | 327.385 | 267.741 | 278.639 | 225.969 | 200.929 | 189.129 | 193.459 | 171.817 | 169.892 | 156.942 | 142.833 | 139.745 | 140.461 | 104.752 | 87.932 | -20.966 | 80.615 | 78.763 | 78.18 | 80.666 | 74.195 | 64.693 | 48.118 | 44.3 | 40.1 | 36.9 | 39.3 | 42.8 | 37.4 | 39.6 | 45.8 | -17.9 | 5.9 | 8.9 | 8.3 | 7.8 | 6 |
Operating Income
| 247.127 | 315.134 | 347.754 | 156.675 | 152.836 | 218.108 | 155.926 | 134.545 | 112.075 | 92.178 | 83.744 | 66.738 | 57.3 | 62.584 | 52.467 | 29.736 | 30.515 | 37.172 | 47.61 | 48.326 | 44.39 | 41.967 | 37.359 | 32.537 | 21.604 | 24.576 | 23.9 | 21.5 | 17.8 | 15.1 | 9.6 | 5.1 | 0.4 | -16.2 | -17.9 | 5.9 | 8.9 | 8.3 | 7.8 | 6 |
Operating Income Ratio
| 0.254 | 0.346 | 0.464 | 0.304 | 0.301 | 0.392 | 0.378 | 0.377 | 0.344 | 0.3 | 0.292 | 0.247 | 0.224 | 0.255 | 0.21 | 0.124 | 0.149 | 0.194 | 0.506 | 0.264 | 0.272 | 0.269 | 0.229 | 0.196 | 0.15 | 0.194 | 0.196 | 0.204 | 0.2 | 0.179 | 0.12 | 0.069 | 0.005 | -0.158 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Other Income Expenses Net
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Income Before Tax
| 247.127 | 315.134 | 347.754 | 156.675 | 152.836 | 218.108 | 155.926 | 134.545 | 112.075 | 92.178 | 83.744 | 66.738 | 57.3 | 62.584 | 52.467 | 29.736 | 30.515 | 37.172 | 47.61 | 48.326 | 44.39 | 41.967 | 37.359 | 32.537 | 21.604 | 24.576 | 23.9 | 21.5 | 17.8 | 15.1 | 9.6 | 5.1 | 0.4 | -16.2 | 0 | 0 | 0 | 0 | 0 | 0 |
Income Before Tax Ratio
| 0.254 | 0.346 | 0.464 | 0.304 | 0.301 | 0.392 | 0.378 | 0.377 | 0.344 | 0.3 | 0.292 | 0.247 | 0.224 | 0.255 | 0.21 | 0.124 | 0.149 | 0.194 | 0.506 | 0.264 | 0.272 | 0.269 | 0.229 | 0.196 | 0.15 | 0.194 | 0.196 | 0.204 | 0.2 | 0.179 | 0.12 | 0.069 | 0.005 | -0.158 | 0 | 0 | 0 | 0 | 0 | 0 |
Income Tax Expense
| 55.046 | 75.632 | 83.941 | 35.683 | 31.669 | 52.933 | 34.304 | 47.341 | 35.427 | 27.218 | 23.899 | 16.484 | 14.673 | 17.148 | 12.227 | 6.747 | 6.551 | 8.791 | 14.759 | 15.121 | 13.623 | 15.536 | 12.293 | 10.485 | 6.414 | 7.545 | 7.8 | 7.3 | 6.2 | 4.7 | 1.5 | 0.5 | 0.2 | -4.3 | 17.9 | -5.9 | -8.9 | -8.3 | -7.8 | -6 |
Net Income
| 192.081 | 239.502 | 263.813 | 120.992 | 121.167 | 165.175 | 121.622 | 87.204 | 76.648 | 64.96 | 59.845 | 50.254 | 42.627 | 45.436 | 40.24 | 22.989 | 23.964 | 28.381 | 32.851 | 33.205 | 30.767 | 26.431 | 25.066 | 22.052 | 15.19 | 17.031 | 16.1 | 14.2 | 11.6 | 10.4 | 8.1 | 4.6 | 0.2 | -11.9 | -17.9 | 5.9 | 8.9 | 8.3 | 7.8 | 6 |
Net Income Ratio
| 0.197 | 0.263 | 0.352 | 0.234 | 0.239 | 0.297 | 0.295 | 0.244 | 0.235 | 0.211 | 0.209 | 0.186 | 0.167 | 0.185 | 0.161 | 0.096 | 0.117 | 0.148 | 0.349 | 0.182 | 0.189 | 0.169 | 0.153 | 0.133 | 0.105 | 0.134 | 0.132 | 0.135 | 0.13 | 0.123 | 0.101 | 0.062 | 0.002 | -0.116 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS
| 4.52 | 5.42 | 5.69 | 3.47 | 3.64 | 5.03 | 4.41 | 3.19 | 2.9 | 2.51 | 2.5 | 2.18 | 1.96 | 2.12 | 1.9 | 0.88 | 1.53 | 2.02 | 2.2 | 2.16 | 2.06 | 1.82 | 1.63 | 1.54 | 1.07 | 1.2 | 1.1 | 0.97 | 0.8 | 0.71 | 0.56 | 0.32 | 0.03 | -2.28 | -3.45 | 1.16 | 1.75 | 1.64 | 1.55 | 1.5 |
EPS Diluted
| 4.52 | 5.42 | 5.69 | 3.47 | 3.64 | 5.03 | 4.4 | 3.19 | 2.9 | 2.5 | 2.49 | 2.18 | 1.95 | 2.12 | 1.9 | 0.88 | 1.52 | 2 | 2.17 | 2.14 | 2.06 | 1.79 | 1.61 | 1.53 | 1.06 | 1.19 | 1.08 | 0.95 | 0.79 | 0.71 | 0.56 | 0.32 | 0.03 | -2.28 | -3.45 | 1.16 | 1.75 | 1.64 | 1.55 | 1.5 |
EBITDA
| 288.016 | 351.236 | 386.553 | 189.499 | 180.098 | 237.547 | 171.555 | 150.305 | 126.429 | 104.485 | 95.852 | 75.228 | 67.512 | 72.218 | 62.347 | 35.48 | 35.151 | 42.831 | 53.528 | 54.615 | 50.553 | 47.525 | 41.67 | 40.123 | 27.204 | 29.12 | 28.1 | 24.7 | 20.9 | 18.3 | 15 | 8.4 | 2.9 | -13.9 | -17.9 | 5.9 | 8.9 | 8.3 | 7.8 | 6 |
EBITDA Ratio
| 0.296 | 0.385 | 0.516 | 0.367 | 0.355 | 0.427 | 0.416 | 0.421 | 0.388 | 0.34 | 0.335 | 0.278 | 0.264 | 0.294 | 0.25 | 0.148 | 0.171 | 0.223 | 0.569 | 0.299 | 0.31 | 0.304 | 0.255 | 0.242 | 0.189 | 0.23 | 0.231 | 0.234 | 0.235 | 0.217 | 0.187 | 0.113 | 0.035 | -0.136 | 0 | 0 | 0 | 0 | 0 | 0 |