See more : Reyna Gold Corp. (REYGF) Income Statement Analysis – Financial Results
Complete financial analysis of Independent Bank Corp. (INDB) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Independent Bank Corp., a leading company in the Banks – Regional industry within the Financial Services sector.
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Independent Bank Corp. (INDB)
About Independent Bank Corp.
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.
| Metric | 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 | 795.73M | 727.92M | 507.41M | 477.45M | 508.43M | 386.67M | 341.84M | 310.24M | 289.59M | 264.86M | 249.82M | 234.81M | 219.78M | 210.87M | 188.89M | 145.55M | 128.23M | 129.30M | 132.99M | 126.17M | 123.57M | 123.39M | 111.87M | 88.57M | 76.62M | 72.20M | 65.00M | 57.60M | 55.40M | 53.00M | 47.50M | 51.00M | 52.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cost of Revenue | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.43M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit | 795.73M | 727.92M | 507.41M | 477.45M | 508.43M | 383.24M | 341.84M | 310.24M | 289.59M | 264.86M | 249.82M | 234.81M | 219.78M | 210.87M | 188.89M | 145.55M | 128.23M | 129.30M | 132.99M | 126.17M | 123.57M | 123.39M | 111.87M | 88.57M | 76.62M | 72.20M | 65.00M | 57.60M | 55.40M | 53.00M | 47.50M | 51.00M | 52.60M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 99.11% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 234.09M | 211.66M | 183.47M | 161.25M | 157.08M | 132.23M | 124.66M | 116.99M | 113.68M | 102.58M | 98.22M | 91.89M | 89.66M | 88.00M | 81.01M | 58.28M | 52.52M | 47.89M | 47.91M | 44.90M | 41.51M | 40.27M | 36.90M | 28.35M | 23.72M | 21.10M | 20.60M | 21.10M | 22.10M | 20.80M | 17.30M | 17.00M | 17.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 4.09M | 4.26M | 5.44M | 4.94M | 4.99M | 5.20M | 4.65M | 3.86M | 4.28M | 3.95M | 3.88M | 2.17M | 2.20M | 2.02M | 1.72M | 1.36M | 1.96M | 2.45M | 1.99M | 1.89M | 0.00 | 1.55M | 1.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 234.09M | 211.66M | 183.47M | 161.25M | 157.08M | 132.23M | 124.66M | 116.99M | 113.68M | 102.58M | 98.22M | 91.89M | 89.66M | 88.00M | 81.01M | 60.29M | 54.24M | 49.25M | 49.87M | 47.35M | 43.49M | 42.17M | 36.90M | 29.89M | 24.91M | 21.10M | 20.60M | 21.10M | 22.10M | 20.80M | 17.30M | 17.00M | 17.80M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 488.04M | -601.03M | -534.20M | -485.86M | -447.40M | -343.15M | -313.62M | -296.36M | -290.48M | -263.28M | 0.00 | -246.01M | -218.19M | -458.00K | -1.35M | -116.40M | -81.74M | -65.91M | -84.72M | 0.00 | 0.00 | 0.00 | -61.76M | -41.44M | -26.78M | -19.80M | -22.50M | -28.50M | -33.30M | -37.10M | -33.00M | -35.60M | -36.70M | -17.90M | 5.90M | 8.90M | 8.30M | 7.80M | 6.00M |
| Operating Expenses | 722.13M | -389.37M | -350.73M | -324.62M | -290.32M | -201.78M | -188.96M | -179.37M | -176.80M | -160.70M | 4.28M | -154.12M | -128.52M | 87.55M | 79.66M | -56.11M | -27.51M | -16.65M | -34.85M | 2.45M | 1.99M | 1.89M | -24.85M | -11.54M | -1.87M | 1.30M | -1.90M | -7.40M | -11.20M | -16.30M | -15.70M | -18.60M | -18.90M | -17.90M | 5.90M | 8.90M | 8.30M | 7.80M | 6.00M |
| Cost & Expenses | 722.13M | -389.37M | -350.73M | -324.62M | -290.32M | -201.78M | -188.96M | -179.37M | -176.80M | -160.70M | 4.28M | -154.12M | -128.52M | 87.55M | 79.66M | -56.11M | -27.51M | -16.65M | -34.85M | 2.45M | 1.99M | 1.89M | -24.85M | -11.54M | -1.87M | 1.30M | -1.90M | -7.40M | -11.20M | -16.30M | -15.70M | -18.60M | -18.90M | -17.90M | 5.90M | 8.90M | 8.30M | 7.80M | 6.00M |
| Interest Income | 795.73M | 642.84M | 415.28M | 402.07M | 447.01M | 323.70M | 277.19M | 246.64M | 235.55M | 216.46M | 205.91M | 196.19M | 195.75M | 178.07M | 173.05M | 176.39M | 159.74M | 167.69M | 155.66M | 134.61M | 128.31M | 140.83M | 145.07M | 127.57M | 112.01M | 108.70M | 93.80M | 77.30M | 73.00M | 68.60M | 61.10M | 65.90M | 80.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 189.21M | 29.59M | 13.72M | 34.34M | 53.88M | 25.54M | 18.33M | 18.79M | 20.62M | 20.42M | 23.34M | 23.39M | 28.67M | 38.76M | 52.00M | 58.93M | 63.56M | 65.04M | 49.82M | 36.80M | 32.53M | 40.79M | 54.48M | 55.42M | 50.18M | 49.60M | 41.60M | 32.40M | 29.10M | 27.10M | 26.70M | 32.00M | 49.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 0.00 | 26.06M | 18.22M | 19.00M | 18.20M | 11.80M | 12.00M | 10.10M | 12.29M | 11.01M | 8.49M | 10.21M | 9.63M | 9.88M | 5.74M | 6.75M | 5.66M | 6.37M | 5.98M | 5.87M | 5.56M | 4.31M | 7.59M | 5.60M | 4.54M | 4.20M | 3.20M | 3.10M | 3.20M | 5.40M | 3.30M | 2.50M | 2.30M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EBITDA | 0.00 | 386.55M | 189.50M | 174.40M | 238.80M | 167.83M | 150.31M | 124.07M | 104.49M | 95.85M | 75.23M | 67.51M | 72.22M | 64.43M | 52.92M | 50.46M | 59.20M | 74.56M | 77.25M | 68.89M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -17.90M | 5.90M | 8.90M | 8.30M | 7.80M | 6.00M |
| EBITDA Ratio | 0.00% | 51.84% | 37.35% | 37.72% | 46.72% | 51.07% | 49.31% | 46.81% | 43.19% | 43.48% | 39.45% | 38.71% | 45.91% | 47.95% | 46.31% | 66.09% | 82.96% | 92.05% | 78.29% | 69.00% | 64.79% | 66.83% | 84.56% | 93.29% | 103.49% | 107.62% | 102.00% | 92.53% | 85.56% | 79.43% | 73.89% | 68.43% | 68.44% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Operating Income | 315.13M | 338.55M | 156.68M | 152.84M | 218.11M | 181.46M | 152.88M | 130.87M | 112.80M | 104.16M | 90.07M | 80.69M | 91.26M | 91.23M | 81.73M | 89.44M | 100.73M | 112.65M | 98.14M | 81.19M | 74.50M | 78.15M | 87.02M | 77.02M | 74.75M | 73.50M | 63.10M | 50.20M | 44.20M | 36.70M | 31.80M | 32.40M | 33.70M | -17.90M | 5.90M | 8.90M | 8.30M | 7.80M | 6.00M |
| Operating Income Ratio | 39.60% | 46.51% | 30.88% | 32.01% | 42.90% | 46.93% | 44.72% | 42.18% | 38.95% | 39.33% | 36.05% | 34.37% | 41.52% | 43.26% | 43.27% | 61.45% | 78.55% | 87.12% | 73.80% | 64.35% | 60.29% | 63.34% | 77.78% | 86.97% | 97.56% | 101.80% | 97.08% | 87.15% | 79.78% | 69.25% | 66.95% | 63.53% | 64.07% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Total Other Income/Expenses | 0.00 | -85.48M | -99.49M | -62.55M | -77.32M | -54.23M | -44.81M | -43.49M | -51.51M | -43.87M | -50.77M | -12.21M | -243.00K | -2.41M | -17.60M | -8.67M | 0.00 | -65.04M | 0.00 | 0.00 | -32.53M | -40.79M | -54.48M | -55.42M | -50.18M | -49.60M | -41.60M | -32.40M | -29.10M | -27.10M | -26.70M | -32.00M | -49.90M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax | 315.13M | 347.75M | 156.68M | 152.84M | 218.11M | 155.93M | 134.55M | 112.08M | 92.18M | 83.74M | 66.74M | 57.30M | 62.58M | 52.47M | 29.74M | 30.52M | 37.17M | 47.61M | 48.33M | 44.39M | 41.97M | 37.36M | 32.54M | 21.60M | 24.58M | 23.90M | 21.50M | 17.80M | 15.10M | 9.60M | 5.10M | 400.00K | -16.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income Before Tax Ratio | 39.60% | 47.77% | 30.88% | 32.01% | 42.90% | 40.33% | 39.36% | 36.13% | 31.83% | 31.62% | 26.71% | 24.40% | 28.48% | 24.88% | 15.74% | 20.97% | 28.99% | 36.82% | 36.34% | 35.18% | 33.96% | 30.28% | 29.08% | 24.39% | 32.07% | 33.10% | 33.08% | 30.90% | 27.26% | 18.11% | 10.74% | 0.78% | -30.80% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Income Tax Expense | 75.63M | 83.94M | 35.68M | 31.67M | 52.93M | 34.30M | 47.34M | 35.43M | 27.22M | 23.90M | 16.48M | 14.67M | 17.15M | 12.23M | 6.75M | 6.55M | 8.79M | 14.76M | 15.12M | 13.62M | 15.54M | 12.29M | 10.49M | 6.41M | 7.55M | 7.80M | 7.30M | 6.20M | 4.70M | 1.50M | 500.00K | 200.00K | -4.30M | 17.90M | -5.90M | -8.90M | -8.30M | -7.80M | -6.00M |
| Net Income | 239.50M | 263.81M | 120.99M | 121.17M | 165.18M | 121.62M | 87.20M | 76.65M | 64.96M | 59.85M | 50.25M | 42.63M | 45.44M | 40.24M | 22.99M | 23.96M | 28.38M | 32.85M | 33.21M | 30.77M | 26.43M | 25.07M | 22.05M | 15.19M | 17.03M | 16.10M | 14.20M | 11.60M | 10.40M | 8.10M | 4.60M | 200.00K | -11.90M | -17.90M | 5.90M | 8.90M | 8.30M | 7.80M | 6.00M |
| Net Income Ratio | 30.10% | 36.24% | 23.85% | 25.38% | 32.49% | 31.45% | 25.51% | 24.71% | 22.43% | 22.59% | 20.12% | 18.15% | 20.67% | 19.08% | 12.17% | 16.46% | 22.13% | 25.41% | 24.97% | 24.39% | 21.39% | 20.31% | 19.71% | 17.15% | 22.23% | 22.30% | 21.85% | 20.14% | 18.77% | 15.28% | 9.68% | 0.39% | -22.62% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| EPS | 5.42 | 5.69 | 3.47 | 3.64 | 5.03 | 4.41 | 3.19 | 2.90 | 2.51 | 2.50 | 2.18 | 1.96 | 2.12 | 1.90 | 0.88 | 1.53 | 2.02 | 2.20 | 2.16 | 2.06 | 1.82 | 1.63 | 1.54 | 1.07 | 1.20 | 1.10 | 0.97 | 0.80 | 0.71 | 0.56 | 0.32 | 0.03 | -2.28 | -3.45 | 1.16 | 1.75 | 1.64 | 1.55 | 1.50 |
| EPS Diluted | 5.42 | 5.69 | 3.47 | 3.64 | 5.03 | 4.40 | 3.19 | 2.90 | 2.50 | 2.49 | 2.18 | 1.95 | 2.12 | 1.90 | 0.88 | 1.52 | 2.00 | 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 | 1.50 |
| Weighted Avg Shares Out | 44.18M | 46.37M | 34.87M | 33.26M | 32.81M | 27.59M | 27.29M | 26.40M | 25.89M | 23.90M | 23.01M | 21.78M | 21.42M | 21.18M | 19.64M | 15.69M | 14.03M | 14.94M | 15.38M | 14.94M | 14.56M | 14.42M | 14.29M | 14.24M | 14.21M | 14.73M | 14.64M | 14.50M | 14.63M | 14.46M | 14.38M | 5.00M | 5.22M | 5.19M | 5.09M | 5.09M | 5.06M | 5.03M | 4.00M |
| Weighted Avg Shares Out (Dil) | 44.19M | 46.39M | 34.89M | 33.29M | 32.86M | 27.65M | 27.37M | 26.46M | 25.96M | 23.99M | 23.09M | 21.81M | 21.45M | 21.20M | 19.67M | 15.76M | 14.16M | 15.11M | 15.52M | 15.04M | 14.74M | 14.62M | 14.45M | 14.31M | 14.37M | 14.95M | 14.95M | 14.68M | 14.81M | 14.46M | 14.38M | 5.00M | 5.22M | 5.19M | 5.09M | 5.09M | 5.06M | 5.03M | 4.00M |
Independent Bank Corp.'s (INDB) CEO Christopher Oddleifson on Q4 2021 Results - Earnings Call Transcript
Independent Bank Corp.'s (INDB) CEO Christopher Oddleifson on Q4 2021 Results - Earnings Call Transcript
Independent Bank Corp. (INDB) Q4 Earnings and Revenues Surpass Estimates
Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 58.25% and 1.61%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?
Independent Bank Corp. Reports Fourth Quarter Net Income of $1.7 Million
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2021 fourth quarter net income of $1.7 million, or $0.04 per diluted share, compared to net income of $40.0 million, or $1.21 per...
Analysts Estimate Independent Bank Corp. (INDB) to Report a Decline in Earnings: What to Look Out for
Independent Bank Corp. (INDB) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Independent Bank Corp.’s Announcement of Date of Fourth Quarter Conference Call
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, will host its quarterly conference call to discuss fourth quarter results on Friday, January 21, 2022, at 10:00 AM Eastern Time. Telephonic access will be...
Independent Bank Corp. and Rockland Trust Complete Meridian Bancorp, Inc. and East Boston Savings Bank Acquisition
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced the closing of its acquisition of Meridian Bancorp, Inc., parent of East Boston Savings Bank, and Rockland Trust's acquisition of East Boston Savings...
Independent Bank Corp. and Meridian Bancorp, Inc. Report Receipt of All Regulatory Approvals and Anticipated Closing Date
ROCKLAND, Mass. & PEABODY, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (NASDAQ Global Select Market: INDB) (“Independent”), parent of Rockland Trust Company, and Meridian Bancorp, Inc. (NASDAQ Global Select Market: EBSB) (“Meridian”), parent of East Boston Savings Bank, jointly reported the following in...
Independent Bank Corp. (INDB) CEO Chris Oddleifson on Q3 2021 Results - Earnings Call Transcript
Independent Bank Corp. (INDB) CEO Chris Oddleifson on Q3 2021 Results - Earnings Call Transcript
Independent Bank Corp. (INDB) Q3 Earnings Top Estimates
Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 19.05% and -1.21%, respectively, for the quarter ended September 2021. Do the numbers hold clues to what lies ahead for the stock?
Independent Bank Corp. Reports Third Quarter Net Income of $40.0 Million
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2021 third quarter net income of $40.0 million, or $1.21 per diluted share, compared to net income of $37.6 million, or $1.14 per...
Source: https://incomestatements.info
Category: Stock Reports