Independent Bank Corp. (INDB) Quarterly Income Statement

120+ quarters historyFree accessUpdated daily

Independent Bank Corp. (INDB) quarterly income statement — complete revenue, gross profit & net income history

Quarterly statement

INDB Income Statement

Independent Bank Corp. (INDB) annual income statement — 30-year revenue, gross profit & net income history

Metric	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	Q3'21

Net Interest Income	210.93M	212.46M	212.49M	203.34M	147.5M	145.5M	144.66M	141.7M	137.93M	137.44M	145.1M	149.88M	152.55M	159M	168.35M	162.6M	144.86M	137.43M	122.53M	90.09M
NII Growth %	43.01%	46.01%	46.89%	43.5%	6.94%	5.87%	-0.3%	-5.46%	-9.58%	-13.56%	-13.81%	-7.82%	5.31%	15.69%	37.4%	80.49%	55.17%	43.78%	34%	-0.87%
Net Interest Margin %	0.84%	0.86%	0.85%	0.81%	0.74%	0.73%	0.75%	0.73%	0.71%	0.71%	0.75%	0.77%	0.79%	0.82%	0.87%	0.83%	0.72%	0.68%	0.6%	0.62%
Interest Income	289.29M	290.26M	297.54M	294.75M	218.19M	211.92M	216.32M	216.52M	211.86M	208.04M	207.17M	202.93M	198.69M	186.94M	184.13M	169.97M	148.12M	140.62M	125.92M	93.02M
Interest Expense	78.36M	77.81M	85.05M	91.41M	70.7M	66.42M	71.66M	74.82M	73.94M	70.61M	62.07M	53.05M	46.15M	27.94M	15.77M	7.37M	3.26M	3.19M	3.39M	2.92M
Loan Loss Provision	0	0	0	38.52M	7.2M	15M	7.5M	19.5M	4.25M	5M	5.5M	5.5M	5M	7.25M	5.5M	3M	0	-2M	35.7M	-10M
Non-Interest Income	0	0	41.45M	40.4M	32.32M	30.6M	30.26M	32.94M	30.73M	27.46M	29.77M	31.22M	28.54M	26.07M	30.19M	26.26M	26.04M	24.51M	27.73M	25.11M
Non-Interest Income %	0%	0%	16.32%	16.57%	17.98%	17.38%	17.3%	18.86%	18.22%	16.66%	17.02%	17.24%	15.76%	14.09%	15.21%	13.9%	15.24%	15.13%	18.45%	21.8%
Total Net Revenue	210.93M	212.46M	253.93M	243.74M	179.82M	176.11M	174.92M	174.64M	168.65M	164.9M	174.87M	181.1M	181.09M	185.07M	198.55M	188.86M	170.9M	161.94M	150.26M	115.2M
Revenue Growth %	17.3%	20.64%	45.17%	39.57%	6.62%	6.79%	0.03%	-3.57%	-6.87%	-10.9%	-11.93%	-4.11%	5.96%	14.28%	32.14%	63.94%	45.87%	35.35%	27.47%	-2.74%
Non-Interest Expense	140.28M	142.91M	154.37M	160.84M	106.81M	103.94M	104.49M	99.83M	98.01M	97.41M	98.45M	95.46M	93.34M	96.49M	92.76M	90.79M	88.7M	93.73M	115.67M	71.07M
Efficiency Ratio	66.5%	67.27%	60.79%	65.99%	59.4%	59.02%	59.73%	57.16%	58.11%	59.07%	56.3%	52.71%	51.54%	52.14%	46.72%	48.07%	51.9%	57.88%	76.98%	61.69%
Operating Income	70.65M	69.55M	99.56M	44.39M	65.81M	57.17M	62.93M	55.31M	66.39M	62.49M	70.92M	80.14M	82.75M	81.33M	100.28M	95.07M	82.2M	70.2M	-1.12M	54.13M
Operating Margin %	33.5%	32.73%	39.21%	18.21%	36.6%	32.46%	35.98%	31.67%	39.37%	37.9%	40.55%	44.25%	45.7%	43.95%	50.51%	50.34%	48.1%	43.35%	-0.75%	46.99%
Operating Income Growth %	7.36%	21.66%	58.21%	-19.75%	-0.88%	-8.53%	-11.26%	-30.99%	-19.77%	-23.16%	-29.29%	-15.7%	0.67%	15.85%	9046.03%	75.63%	64.33%	30.86%	-102.48%	17.49%
Pretax Income	106.8M	104.3M	94.81M	44.39M	65.81M	57.17M	62.93M	55.31M	66.39M	62.49M	70.92M	80.14M	82.75M	81.33M	100.28M	95.07M	82.2M	70.2M	-1.12M	54.13M
Pretax Margin %	50.63%	49.09%	37.34%	18.21%	36.6%	32.46%	35.98%	31.67%	39.37%	37.9%	40.55%	44.25%	45.7%	43.95%	50.51%	50.34%	48.1%	43.35%	-0.75%	46.99%
Income Tax	24.96M	24.38M	19.48M	10.13M	14.71M	12.74M	12.9M	12.36M	15.06M	14.72M	16.11M	19.33M	20.1M	20.08M	23.24M	23.17M	20.42M	17.11M	-2.82M	14.12M
Effective Tax Rate %	23.37%	23.38%	20.54%	22.81%	22.35%	22.29%	20.49%	22.35%	22.69%	23.56%	22.72%	24.12%	24.3%	24.69%	23.18%	24.37%	24.84%	24.37%	251.83%	26.09%
Net Income	81.84M	79.92M	75.33M	34.26M	51.1M	44.42M	50.03M	42.95M	51.33M	47.77M	54.8M	60.81M	62.64M	61.25M	77.04M	71.9M	61.78M	53.1M	1.7M	40.01M
Net Margin %	38.8%	37.62%	29.67%	14.06%	28.42%	25.23%	28.6%	24.59%	30.44%	28.97%	31.34%	33.58%	34.59%	33.09%	38.8%	38.07%	36.15%	32.79%	1.13%	34.73%
Net Income Growth %	60.15%	79.9%	50.57%	-20.22%	-0.45%	-7%	-8.7%	-29.37%	-18.06%	-22%	-28.87%	-15.42%	1.41%	15.35%	4426.62%	79.71%	64.42%	27.3%	-95.09%	14.72%
Net Income (Continuing)	81.84M	79.92M	75.33M	34.26M	51.1M	44.42M	50.03M	42.95M	51.33M	47.77M	54.8M	60.81M	62.64M	61.25M	77.04M	71.9M	61.78M	53.1M	1.7M	40.01M
EPS (Diluted)	1.70	1.63	1.52	0.69	1.20	1.04	1.18	1.01	1.21	1.12	1.26	1.38	1.42	1.36	1.69	1.57	1.32	1.12	0.04	1.21
EPS Growth %	41.67%	56.73%	28.81%	-31.68%	-0.83%	-7.14%	-6.35%	-26.81%	-14.79%	-17.65%	-25.44%	-12.1%	7.58%	21.43%	4125%	29.75%	15.79%	-11.11%	-96.19%	14.15%
EPS (Basic)	1.70	1.63	1.52	0.69	1.20	1.04	1.18	1.01	1.21	1.12	1.26	1.38	1.42	1.36	1.69	1.57	1.32	1.12	0.04	1.21
Diluted Shares Outstanding	48.05M	49M	49.48M	49.96M	42.64M	42.57M	42.52M	42.5M	42.47M	42.57M	43.48M	44.15M	44.14M	45.02M	45.66M	45.86M	46.68M	47.39M	40.38M	33.06M