Independent Bank Corp. (INDB) Earnings History
Steady Earner35 years of earnings data (1991–2025) · Positive but moderate multi-year EPS trajectory
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Independent Bank Corp. (INDB) Earnings Overview
As of June 21, 2026, Independent Bank Corp. (INDB) reported trailing twelve-month net income of $205M, reflecting -1.5% year-over-year growth. The company earned $4.15 per diluted share over the past four quarters, with a net profit margin of 17.6%.
Looking at the long-term picture, INDB's 5-year EPS compound annual growth rate (CAGR) stands at +4.1%, reflecting modest earnings expansion. The company achieved its highest annual net income of $264M in fiscal 2022.
Independent Bank Corp. maintains industry-leading profitability with a gross margin of 67.9%, operating margin of 22.9%, and net margin of 17.6%. This margin structure demonstrates strong pricing power and operational efficiency. View revenue history →
Compared to peers including WSFS ($287M net income, 21.1% margin), NBTB ($169M net income, 19.5% margin), TRMK ($224M net income, 20.0% margin), INDB has room to improve margins relative to the peer group. Compare INDB vs WSFS →
INDB Earnings vs Peers
Earnings metrics vs comparable public companies
INDB Historical Earnings Data (1991–2025)
35 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $205M | +6.8% | $267M | $4.45 | 17.6% | 22.9% |
| 2024 | $192M | -19.8% | $247M | $4.52 | 19.7% | 25.4% |
| 2023 | $240M | -9.2% | $315M | $5.42 | 26.3% | 34.6% |
| 2022 | $264M | +118.0% | $348M | $5.69 | 35.2% | 46.4% |
| 2021 | $121M | -0.1% | $157M | $3.47 | 23.4% | 30.4% |
| 2020 | $121M | -26.6% | $153M | $3.64 | 23.9% | 30.1% |
| 2019 | $165M | +35.8% | $218M | $5.03 | 29.7% | 39.2% |
| 2018 | $122M | +39.5% | $156M | $4.40 | 29.5% | 37.8% |
| 2017 | $87M | +13.8% | $135M | $3.19 | 24.4% | 37.7% |
| 2016 | $77M | +18.0% | $112M | $2.90 | 23.5% | 34.4% |
| 2015 | $65M | +8.5% | $92M | $2.50 | 21.1% | 30.0% |
| 2014 | $60M | +19.1% | $84M | $2.49 | 20.9% | 29.2% |
| 2013 | $50M | +17.9% | $67M | $2.18 | 18.6% | 24.7% |
| 2012 | $43M | -6.2% | $57M | $1.95 | 16.7% | 22.4% |
| 2011 | $45M | +12.9% | $63M | $2.12 | 18.5% | 25.5% |
| 2010 | $40M | +75.0% | $52M | $1.90 | 16.1% | 21.0% |
| 2009 | $23M | -4.1% | $30M | $0.88 | 9.6% | 12.4% |
| 2008 | $24M | -15.6% | $31M | $1.52 | 11.7% | 14.9% |
| 2007 | $28M | -13.6% | $37M | $2.00 | 14.8% | 19.4% |
| 2006 | $33M | -1.1% | $48M | $2.17 | 34.9% | 50.6% |
| 2005 | $33M | +7.9% | $48M | $2.14 | 18.2% | 26.4% |
| 2004 | $31M | +16.4% | $44M | $2.06 | 18.9% | 27.2% |
| 2003 | $26M | +5.4% | $42M | $1.79 | 16.9% | 26.9% |
| 2002 | $25M | +13.7% | $37M | $1.61 | 15.3% | 22.9% |
| 2001 | $22M | +45.2% | $33M | $1.53 | 13.3% | 19.6% |
| 2000 | $15M | -10.8% | $22M | $1.06 | 10.5% | 15.0% |
| 1999 | $17M | +5.8% | $25M | $1.19 | 13.4% | 19.4% |
| 1998 | $16M | +13.4% | $24M | $1.08 | 13.2% | 19.6% |
| 1997 | $14M | +22.4% | $22M | $0.95 | 13.5% | 20.4% |
| 1996 | $12M | +11.5% | $18M | $0.79 | 13.0% | 20.0% |
| 1995 | $10M | +28.4% | $15M | $0.71 | 12.3% | 17.9% |
| 1994 | $8M | +76.1% | $10M | $0.56 | 10.1% | 12.0% |
| 1993 | $5M | +2200.0% | $5M | $0.32 | 6.2% | 6.9% |
| 1992 | $200,000 | +101.7% | $400,000 | $0.03 | 0.2% | 0.5% |
| 1991 | -$12M | - | -$16M | $-2.28 | -11.6% | -15.8% |
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INDB — Frequently Asked Questions
Quick answers to the most common questions about buying INDB stock.
What is INDB earnings per share (EPS)?
INDB trailing twelve-month (TTM) diluted EPS is $4.15, reflecting -1.5% year-over-year growth. The 5-year EPS CAGR is +4.1%. Complete EPS history from 1991 to 2025 is available in the table on this page.
What is Independent Bank Corp.'s net income?
Independent Bank Corp. (INDB) trailing twelve-month net income is $205M as of 2025. Earnings declined -1.5% year-over-year. Independent Bank Corp. has been profitable for 34 consecutive years.
Is INDB profitable?
Yes, INDB is profitable with a TTM net income of $205M and a net profit margin of +17.6%. Independent Bank Corp. has generated profits for 34 consecutive years.
What is INDB's earnings growth rate?
INDB compound annual EPS growth rates (CAGR): 1-Year: -1.5%, 3-Year: -7.9%, 5-Year: +4.1%, 10-Year: +5.9%. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1991 to 2025.
What are INDB's profit margins?
Independent Bank Corp. net profit margin is +17.6%, operating margin is +22.9%, and gross margin is +67.9%. Above-average net margins reflect strong pricing power and competitive moat. Return on Equity is +6.3%.
Is INDB growing earnings?
INDB earnings growth is slowing. Current YoY EPS growth of -1.5% trails the 5-year CAGR of +4.1%. TTM net income is $205M.
What was INDB's best earnings year?
Independent Bank Corp.'s highest annual net income on record is $264M, achieved in fiscal year 2022. Earnings history on this page spans 1991 to 2025 and includes all annual and quarterly figures.
What were INDB's earnings last quarter?
INDB's most recent reported quarter was Q4 2025. Net income was $75M with diluted EPS of $1.52. For a full breakdown of all quarters, see the quarterly earnings table on this page.