Independent Bank Corp. (INDB) quarterly income statement — complete revenue, gross profit & net income history
| Metric | 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 | Q2'21 |
|---|
| Net Interest Income | 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 | 93.35M |
| NII Growth % | 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% | 2.48% |
| Net Interest Margin % | 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% | 0.66% |
| Interest Income | 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 | 96.7M |
| Interest Expense | 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 | 3.35M |
| Loan Loss Provision | 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 | -5M |
| Non-Interest Income | 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 | 23.8M |
| Non-Interest Income % | 0% | 12.23% | 12.05% | 12.9% | 12.62% | 12.27% | 13.2% | 12.67% | 11.66% | 12.56% | 13.33% | 12.56% | 12.24% | 14.09% | 13.38% | 14.95% | 14.84% | 18.05% | 21.26% | 19.75% |
| Total Revenue | 290.26M | 338.98M | 335.15M | 250.52M | 242.52M | 246.58M | 249.46M | 242.59M | 235.51M | 236.94M | 234.15M | 227.23M | 213.01M | 214.32M | 196.23M | 174.16M | 165.13M | 153.65M | 118.13M | 120.5M |
| Revenue Growth % | 19.69% | 37.47% | 34.35% | 3.27% | 2.98% | 4.07% | 6.54% | 6.76% | 10.56% | 10.55% | 19.33% | 30.47% | 29% | 39.49% | 66.12% | 44.53% | 33.49% | 24.68% | -5.86% | -5.97% |
| Non-Interest Expense | 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 | 72.14M |
| Efficiency Ratio | 49.24% | 45.54% | 47.99% | 42.64% | 42.86% | 42.37% | 40.02% | 40.4% | 41.36% | 41.55% | 40.77% | 41.08% | 45.3% | 43.28% | 46.27% | 50.93% | 56.77% | 75.28% | 60.17% | 59.86% |
| Operating Income | 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 | 50.02M |
| Operating Margin % | 23.96% | 29.37% | 13.24% | 26.27% | 23.57% | 25.52% | 22.17% | 27.37% | 26.54% | 29.93% | 34.23% | 36.42% | 38.18% | 46.79% | 48.45% | 47.2% | 42.52% | -0.73% | 45.82% | 41.51% |
| Operating Income Growth % | 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% | 53.05% |
| Pretax Income | 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 | 50.02M |
| Pretax Margin % | 35.93% | 27.97% | 13.24% | 26.27% | 23.57% | 25.52% | 22.17% | 27.37% | 26.54% | 29.93% | 34.23% | 36.42% | 38.18% | 46.79% | 48.45% | 47.2% | 42.52% | -0.73% | 45.82% | 41.51% |
| Income Tax | 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 | 12.45M |
| Effective Tax Rate % | 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% | 24.88% |
| Net Income | 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 | 37.57M |
| Net Margin % | 27.53% | 22.22% | 10.22% | 20.4% | 18.32% | 20.29% | 17.22% | 21.16% | 20.28% | 23.13% | 25.97% | 27.57% | 28.75% | 35.95% | 36.64% | 35.47% | 32.16% | 1.11% | 33.87% | 31.18% |
| Net Income Growth % | 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% | 50.88% |
| Net Income (Continuing) | 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 | 37.57M |
| EPS (Diluted) | 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 | 1.14 |
| EPS Growth % | 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% | 50% |
| EPS (Basic) | 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 | 1.14 |
| Diluted Shares Outstanding | 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 | 33.05M |