How Independent Bank makes money

Period

FY2025

How does Independent Bank make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Independent Bank Corp. · FY2025 · year ended 2025-12-31

Revenue$858MGross profit$858M · 100%Cost of revenue$0 · 0%Operating income$858M · 100%Operating expenses$0 · 0%Pre-tax income$262M · 31%Other expense$595M · 69%Net income$205M · 24%Income tax$57M · 7%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.