See more : Giti Tire Corporation (600182.SS) 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. (INDB) Q1 2023 Earnings Call Transcript
Independent Bank Corp. (INDB) Q1 2023 Earnings Call Transcript.
Independent Bank Corp. (INDB) Q1 Earnings and Revenues Miss Estimates
Independent Bank Corp. (INDB) came out with quarterly earnings of $1.36 per share, missing the Zacks Consensus Estimate of $1.51 per share. This compares to earnings of $1.23 per share a year ago.
Independent Bank Corp. Reports First Quarter Net Income of $61.2 Million
ROCKLAND, Mass.--(BUSINESS WIRE)--Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced 2023 first quarter net income of $61.2 million, or $1.36 per diluted share, compared to 2022 fourth quarter net income of $77.0 million,...
Independent Bank Corp.'s Announcement of Date of First 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 first quarter results on Friday, April 21, 2023, at 10:00 AM Eastern Time. Telephonic access will be...
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Independent Bank Corp. (INDB) Q4 2022 Earnings Call Transcript
Independent Bank Corp. (NASDAQ:INDB ) Q4 2022 Earnings Conference Call January 20, 2022 10:00 AM ET Company Participants Chris Oddleifson - President & CEO Mark Ruggiero - CFO Conference Call Participants Mark Fitzgibbon - Piper Sandler Steve Moss - Raymond...
Are You Looking for a High-Growth Dividend Stock?
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Independent Bank Corp. (INDB) have what it takes?
Independent Bank Corp. (INDB) Q4 Earnings and Revenues Beat Estimates
Independent Bank Corp. (INDB) delivered earnings and revenue surprises of 1.81% and 1.96%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Source: https://incomestatements.info
Category: Stock Reports