INDB
$79.88+3.63%
Independent Bank Corp.Stock · FinancialsRussell 2000 0.1%Nasdaq Composite 0.01%Russell 3000 0.006%US Stock Market 0.006%US Stock Market 0.0010%Russell 3000 0.0009%
INDB financial statements
The full income statement, balance sheet, and cash-flow statement for Independent Bank Corp. (INDB), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 42.5M2024-09 42.5M2024-12 42.6M2025-03 42.6M2025-06 49.9M2025-09 49.6M2025-12 49.0M2026-03 48.3M2026-06 47.4M+11.5% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 858M+24.3% | 690M-5.7% | 731M+0.4% | 728M+43.5% | 507M+5.9% | ||
| Noninterest income | 149M+16.2% | 128M+2.7% | 125M+8.7% | 115M+8.3% | 106M-5.0% | |
| Noninterest expense | 530M+30.4% | 406M+3.5% | 393M+5.1% | 374M+12.4% | 333M+21.4% | |
| Provision for credit losses | — | — | 23.3M+257.7% | 6.50M-64.3% | 18.2M-65.3% | |
| Interest expense | — | — | 189M+539.4% | 29.6M+115.7% | 13.7M-60.1% | |
| Interest & investment income | 1.02B+19.9% | 853M+7.2% | 796M+23.8% | 643M+54.8% | 415M+3.3% | |
| Net interest income | 709M+26.2% | 562M-7.4% | 607M-1.1% | 613M+52.7% | 402M+9.2% | |
| Gain (loss) on equity securities | 403K-4.7% | 423K-64.2% | 1.18M+138.5% | -3.06M-652.5% | 554K+4.9% | |
| Pre-tax income | 262M+6.1% | 247M-21.6% | 315M-9.4% | 348M+122.0% | 157M+2.5% | |
| Income tax | 57.0M+3.6% | 55.0M-27.2% | 75.6M-9.9% | 83.9M+135.2% | 35.7M+12.7% | |
| Net income | 205M+6.8% | 192M-19.8% | 240M-9.2% | 264M+118.0% | 121M-0.1% | |
| $4.44-1.8% | $4.52-16.6% | $5.42-4.7% | $5.69+64.0% | $3.47-4.7% | ||
| EPS (basic) | $4.44-1.8% | $4.52-16.6% | $5.42-4.7% | $5.69+64.0% | $3.47-4.7% | |
| Weighted-avg shares (basic) | 46.2M+8.6% | 42.5M-3.8% | 44.2M-4.7% | 46.4M+33.0% | 34.9M+4.8% | |
| Weighted-avg shares (diluted) | 46.2M+8.7% | 42.5M-3.8% | 44.2M-4.7% | 46.4M+33.0% | 34.9M+4.8% | |
| Dividends per share | $2.36+3.5% | $2.28+3.6% | $2.20+5.8% | $2.08+57.2% | $1.32-28.2% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 772M+251.0% | 220M-2.0% | 224M-36.4% | 353M-84.2% | 2.24B+72.8% | |
| 24.9B+28.6% | 19.4B+0.1% | 19.3B+0.3% | 19.3B-5.5% | 20.4B+54.7% | ||
| Property, plant & equipment | 218M+12.9% | 193M+0.1% | 193M-1.8% | 197M+0.5% | 196M+68.0% | |
| Operating lease right-of-use | 73.2M+34.3% | 54.5M+0.7% | 54.1M-8.1% | 58.9M-2.2% | 60.2M+21.1% | |
| Goodwill | 1.09B+10.7% | 985M+0.0% | 985M+0.0% | 985M+0.0% | 985M+94.6% | |
| Intangible assets | 134M+987.4% | 12.3M-32.5% | 18.2M-27.4% | 25.1M-23.5% | 32.8M+41.8% | |
| 21.3B+30.3% | 16.4B-0.4% | 16.5B+0.3% | 16.4B-5.7% | 17.4B+51.3% | ||
| Long-term debt | 359M+471.7% | 62.9M-44.3% | 113M+0.1% | 113M-11.0% | 127M-12.8% | |
| Operating lease liability (total) | 75.4M+33.4% | 56.5M+0.5% | 56.3M-7.3% | 60.7M-5.0% | 63.9M+13.4% | |
| 3.57B+19.1% | 2.99B+3.4% | 2.90B+0.3% | 2.89B-4.4% | 3.02B+77.3% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 490K+15.8% | 423K-0.9% | 427K-6.2% | 455K-3.6% | 472K+43.9% | |
| Additional paid-in capital | 2.34B+22.3% | 1.91B-1.1% | 1.93B-8.6% | 2.11B-6.0% | 2.25B+137.8% | |
| Retained earnings | 1.27B+8.2% | 1.17B+8.8% | 1.08B+15.3% | 934M+21.9% | 767M+7.1% | |
| Accumulated other comprehensive income | -39.8M+55.8% | -90.0M+21.6% | -115M+29.6% | -163M-7570.6% | 2.18M-94.6% | |
| Total liabilities & equity | 24.9B+28.6% | 19.4B+0.1% | 19.3B+0.3% | 19.3B-5.5% | 20.4B+54.7% | |
| Common shares issued | 49.2M+15.9% | 42.5M-0.9% | 42.9M-6.1% | 45.6M-3.6% | 47.3M+43.6% | |
| Common shares outstanding | 49.2M+15.9% | 42.5M-0.9% | 42.9M-6.1% | 45.6M-3.6% | 47.3M+43.6% | |
| Shares outstanding (cover) | 49.0M+15.0% | 42.6M+0.4% | 42.4M-5.8% | 45.1M-4.9% | 47.4M+43.6% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 251M+9.2% | 230M-17.0% | 277M-34.2% | 421M+121.4% | 190M+194.3% | ||
| Depreciation & amortization | 42.1M+3.1% | 40.9M+13.3% | 36.1M-7.0% | 38.8M+18.2% | 32.8M+20.4% | |
| Share-based compensation | 8.98M+37.7% | 6.52M+2.3% | 6.38M+42.9% | 4.46M+3.6% | 4.31M+4.5% | |
| Deferred income taxes | -3.28M+69.0% | -10.6M-487.1% | 2.74M+318.3% | -1.25M-140.6% | 3.09M+117.7% | |
| 5.05M+115.3% | -33.0M+84.4% | -212M+78.8% | -1.00B-1484.6% | -63.1M+87.1% | ||
| Capital expenditure | 12.1M-40.6% | 20.4M+29.0% | 15.8M-28.2% | 22.1M-12.4% | 25.2M+100.2% | |
| Free cash flow | 239M+14.1% | 209M-19.8% | 261M-34.6% | 399M+141.9% | 165M+217.0% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Sales/maturities of investments | 255M+8.4% | 235M+120.4% | 107M-23.7% | 140M+45.8% | 96.0M-11.9% | |
| Proceeds from sale of PP&E | 295K+220.7% | 92.0K-18.6% | 113K-96.6% | 3.34M+1878.7% | 169K-97.2% | |
| 296M+246.9% | -201M-3.8% | -194M+85.2% | -1.31B-260.2% | 817M-47.9% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00-100.0% | 14.1M-25.0% | 18.8M-55.6% | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 60.8M+96.4% | 31.0M-83.6% | 189M+35.0% | 140M | 0.00-100.0% | |
| Dividends paid | 104M+8.0% | 96.2M-1.8% | 98.0M+4.6% | 93.7M+49.4% | 62.7M+3.1% | |
| Net change in cash | 552M+12532.7% | -4.44M+96.5% | -129M+93.2% | -1.89B-300.0% | 944M-17.6% | |
| Interest paid | 307M+5.3% | 292M+59.3% | 183M+592.8% | 26.4M+88.7% | 14.0M-61.9% | |
| Income taxes paid | 34.8M-31.9% | 51.1M+16.9% | 43.7M-1.3% | 44.3M+89.6% | 23.4M-51.6% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 3.58B+30.9% | 2.73B-5.8% | 2.90B-24.6% | 3.85B-0.3% | 3.86B+60.2% | |
| P/E | 17.5×+22.6% | 14.2×+29.3% | 11.0×-46.2% | 20.4×-36.0% | 31.9×+60.5% | |
| P/S | 4.2×+5.3% | 4.0×-0.6% | 4.0×-29.7% | 5.7×-25.5% | 7.6×+51.3% | |
| P/B | 1.0×+9.9% | 0.9×-10.2% | 1.0×-25.6% | 1.4×+6.8% | 1.3×-9.6% | |
| P/FCF | 15.0×+14.7% | 13.1×+79.4% | 7.3×-41.0% | 12.3×-47.3% | 23.4×-49.5% | |
| Earnings yield | 5.7%-18.4% | 7.0%-22.7% | 9.1%+85.7% | 4.9%+56.2% | 3.1%-37.7% | |
| FCF yield | 6.7%-12.8% | 7.7%-44.3% | 13.7%+69.6% | 8.1%+89.7% | 4.3%+97.9% | |
| Dividend yield | 3.2%-9.1% | 3.6%+6.3% | 3.3%+35.7% | 2.5%+51.8% | 1.6%-35.6% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: INDB’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all INDB filings on SEC EDGAR → Not investment advice.