Independent Bank Corp. (INDB) quarterly balance sheet — complete assets, liabilities & equity history
Independent Bank Corp. (INDB) balance sheet — 30-year assets, liabilities & shareholders' equity history
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash & Short Term Investments | 4.16B | 251.97M | 1.25B | 234.49M | 1.29B | 2.19B | 2B | 367.16M | 1.67B | 1.53B | 1.49B | 1.56B | 1.57B | 1.68B | 1.91B | 1.75B | 2.36B | 2.98B | 3.39B | 3.81B |
| Cash & Due from Banks | 659.38M | 251.97M | 728.98M | 229.77M | 910.8M | 901.23M | 716.84M | 219.89M | 424.45M | 313.88M | 221.32M | 224.33M | 220.13M | 308.26M | 502.54M | 352.93M | 936.3M | 1.48B | 1.84B | 2.24B |
| Short Term Investments | 3.51B | 0 | 519.8M | 4.72M | 376.27M | 1.29B | 1.28B | 147.27M | 1.25B | 1.22B | 1.27B | 1.33B | 1.35B | 1.37B | 1.41B | 1.4B | 1.43B | 1.5B | 1.55B | 1.57B |
| Total Investments | 21.87B | 22.3B | 21.62B | 22.26B | 21.6B | 17.1B | 17.07B | 17.05B | 16.97B | 17.03B | 17.04B | 17.07B | 17.06B | 17.02B | 16.9B | 16.9B | 16.7B | 16.47B | 16.3B | 16.13B |
| Investments Growth % | 1.24% | 30.42% | 26.67% | 30.52% | 27.25% | 0.39% | 0.21% | -0.09% | -0.48% | 0.03% | 0.83% | 0.97% | 2.13% | 3.4% | 3.66% | 4.83% | 50.95% | 56.19% | 53.64% | 53.63% |
| Long-Term Investments | 18.36B | 22.3B | 21.1B | 22.25B | 21.22B | 15.81B | 15.79B | 16.91B | 15.73B | 15.81B | 15.76B | 15.73B | 15.7B | 15.65B | 15.49B | 15.51B | 15.28B | 14.96B | 14.75B | 14.56B |
| Accounts Receivables | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 1.2B | 1.21B | 1.22B | 1.22B | 1.23B | 994.81M | 996.01M | 997.36M | 998.77M | 1B | 1B | 1B | 1B | 1.01B | 1.01B | 1.01B | 1.01B | 1.01B | 1.02B | 1.02B |
| Goodwill | 1.09B | 1.09B | 1.09B | 1.09B | 1.08B | 985.07M | 985.07M | 985.07M | 985.07M | 985.07M | 985.07M | 985.07M | 985.07M | 985.07M | 985.07M | 985.07M | 985.07M | 985.07M | 985.07M | 985.07M |
| Intangible Assets | 113.67M | 119.9M | 126.69M | 133.58M | 141.73M | 9.74M | 10.94M | 12.28M | 13.7M | 15.16M | 16.63M | 18.19M | 19.82M | 21.54M | 23.25M | 25.07M | 26.93M | 28.84M | 30.76M | 32.77M |
| PP&E (Net) | 218.52M | 217.88M | 217.69M | 218.19M | 221.16M | 188.88M | 190.01M | 193.32M | 192.2M | 191.3M | 192.56M | 193.05M | 191.56M | 193.64M | 195.92M | 196.5M | 198.41M | 202.22M | 199.11M | 195.59M |
| Other Assets | 1.05B | -22.3B | 995.96M | -22.25B | 1.04B | 867.68M | 913.97M | 910.23M | 818.16M | 876.35M | 873.09M | 858.64M | 894.36M | 867.98M | 840.18M | 830.14M | 854.84M | 824.92M | 804.45M | 843.11M |
| Total Current Assets | 4.18B | 251.97M | 1.25B | 229.77M | 1.29B | 2.19B | 2B | 367.16M | 1.67B | 1.53B | 1.49B | 1.56B | 1.57B | 1.68B | 1.91B | 1.75B | 2.36B | 2.98B | 3.39B | 3.81B |
| Total Non-Current Assets | 20.84B | 1.43B | 23.53B | 1.44B | 23.71B | 17.86B | 17.89B | 19.01B | 17.74B | 17.88B | 17.83B | 17.79B | 17.79B | 17.72B | 17.53B | 17.54B | 17.34B | 17B | 16.77B | 16.61B |
| Total Assets | 25.01B | 24.97B | 24.78B | 24.91B | 24.99B | 20.05B | 19.89B | 19.37B | 19.41B | 19.41B | 19.32B | 19.35B | 19.37B | 19.4B | 19.44B | 19.29B | 19.7B | 19.98B | 20.16B | 20.42B |
| Asset Growth % | 0.08% | 24.56% | 24.61% | 28.59% | 28.78% | 3.29% | 2.92% | 0.14% | 0.21% | 0.05% | -0.61% | 0.28% | -1.7% | -2.91% | -3.56% | -5.53% | 35.57% | 40.78% | 46.36% | 54.67% |
| Return on Assets (ROA) | 0.36% | 0.33% | 0.32% | 0.3% | 0.15% | 0.26% | 0.23% | 0.26% | 0.22% | 0.27% | 0.25% | 0.28% | 0.31% | 0.32% | 0.32% | 0.4% | 0.36% | 0.31% | 0.26% | 0.01% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Debt | 627.15M | 701.47M | 776.26M | 825.85M | 775.38M | 759.43M | 859.87M | 701.37M | 663.38M | 693.39M | 1.03B | 1.22B | 1B | 901.27M | 992.39M | 113.38M | 113.36M | 138.34M | 138.33M | 152.37M |
| Net Debt | -32.23M | 449.49M | 47.28M | 596.08M | -135.42M | -141.81M | 143.03M | 481.48M | 238.93M | 379.5M | 804.08M | 994.05M | 780.23M | 593M | 489.85M | -239.56M | -822.94M | -1.34B | -1.7B | -2.09B |
| Long-Term Debt | 509.91M | 359.76M | 676.29M | 825.85M | 775.38M | 759.43M | 859.87M | 701.37M | 663.38M | 693.39M | 1.03B | 1.22B | 1B | 901.27M | 992.39M | 113.38M | 113.36M | 138.34M | 138.33M | 152.37M |
| Short-Term Debt | 117.25M | 341.7M | 99.97M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 405.18M | 367.95M | 367.77M | 10.15B | 375.11M | 320.91M | 318.93M | 373.09M | 326.57M | 388.81M | 371.79M | 368.2M | 422.81M | 396.7M | 346.93M | 415.09M | 433.71M | 333.37M | 292.02M | 335.54M |
| Total Current Liabilities | 20.64B | 20.73B | 20.2B | 10.38B | 20.3B | 15.89B | 15.68B | 15.31B | 15.44B | 15.41B | 15.04B | 14.87B | 15.06B | 15.25B | 15.27B | 15.88B | 16.34B | 16.64B | 16.76B | 16.92B |
| Total Non-Current Liabilities | 915.09M | 727.71M | 1.04B | 10.97B | 1.15B | 1.08B | 1.18B | 1.07B | 989.95M | 1.08B | 1.4B | 1.59B | 1.42B | 1.3B | 1.34B | 528.47M | 547.07M | 471.72M | 430.35M | 487.91M |
| Total Liabilities | 21.56B | 21.46B | 21.24B | 21.35B | 21.45B | 16.97B | 16.85B | 16.38B | 16.43B | 16.49B | 16.44B | 16.45B | 16.48B | 16.55B | 16.61B | 16.41B | 16.89B | 17.11B | 17.19B | 17.4B |
| Total Equity | 3.45B | 3.51B | 3.54B | 3.57B | 3.55B | 3.07B | 3.03B | 2.99B | 2.98B | 2.92B | 2.88B | 2.9B | 2.89B | 2.85B | 2.83B | 2.89B | 2.82B | 2.87B | 2.97B | 3.02B |
| Equity Growth % | -2.67% | 14.23% | 16.77% | 19.13% | 19.14% | 5.33% | 5.17% | 3.38% | 3.18% | 2.25% | 1.88% | 0.3% | 2.42% | -0.57% | -4.54% | -4.36% | 60.44% | 64.86% | 72.87% | 77.28% |
| Equity / Assets (Capital Ratio) | 13.8% | 14.06% | 14.29% | 14.31% | 14.19% | 15.34% | 15.25% | 15.45% | 15.34% | 15.04% | 14.93% | 14.96% | 14.9% | 14.72% | 14.56% | 14.96% | 14.3% | 14.37% | 14.71% | 14.78% |
| Return on Equity (ROE) | 2.58% | 2.32% | 2.25% | 2.12% | 1.03% | 1.67% | 1.47% | 1.68% | 1.46% | 1.77% | 1.65% | 1.9% | 2.12% | 2.2% | 2.14% | 2.7% | 2.53% | 2.12% | 1.77% | 0.07% |
| Book Value per Share | 73.06 | 73.09 | 72.29 | 72.07 | 71.00 | 72.11 | 71.25 | 70.40 | 70.05 | 68.73 | 67.76 | 66.58 | 65.36 | 64.68 | 62.88 | 63.22 | 61.44 | 61.51 | 62.58 | 74.76 |
| Tangible BV per Share | 47.57 | 47.90 | 47.44 | 47.33 | 46.48 | 48.78 | 47.86 | 46.94 | 46.55 | 45.18 | 44.22 | 43.51 | 42.60 | 41.88 | 40.48 | 41.10 | 39.37 | 39.79 | 41.14 | 49.55 |
| Common Stock | 467K | 473K | 483K | 490K | 495K | 424K | 424K | 423K | 423K | 423K | 422K | 427K | 440K | 440K | 439K | 455K | 454K | 459K | 472K | 472K |
| Additional Paid-in Capital | 2.15B | 2.2B | 2.27B | 2.34B | 2.37B | 1.91B | 1.91B | 1.91B | 1.91B | 1.9B | 1.9B | 1.93B | 2B | 2B | 2B | 2.11B | 2.11B | 2.15B | 2.25B | 2.25B |
| Retained Earnings | 1.43B | 1.37B | 1.32B | 1.27B | 1.22B | 1.22B | 1.19B | 1.17B | 1.15B | 1.13B | 1.1B | 1.08B | 1.05B | 1.01B | 971.34M | 934.44M | 882.5M | 833.86M | 795.65M | 766.72M |
| Accumulated OCI | -123.5M | -58.67M | -45.68M | -36.3M | -44.06M | -58.08M | -66.68M | -86.62M | -73.8M | -110.87M | -115.94M | -111.53M | -157.41M | -149.65M | -132.66M | -159.86M | -175.83M | -106.27M | -75.02M | 5.33M |
| Treasury Stock | 0 | 0 | -3.62M | -3.45M | -3.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |