Independent Bank Corp. (INDB)

Solvency & Capital Structure

Total Debt

$701.5M

Net Debt

$449.5M

Independent Bank Corp. currently has $701.5M in total debt. Net debt is $449.5M after cash offsets.

Financial Fundamentals

INDB • Quarterly Data • 5Y View

Date	Total Debt ($B)	Cash & Inv. ($B)	Net Debt ($B)	Total Assets	Debt/Assets
2026-06-30	0.70	0.25	0.45	24.97	2.8%
2026-03-31	0.78	1.25	-0.47Net Cash	24.78	3.1%
2025-12-31	0.83	0.23	0.59	24.91	3.3%
2025-09-30	0.78	1.29	-0.51Net Cash	24.99	3.1%
2025-06-30	0.76	2.19	-1.43Net Cash	20.05	3.8%
2025-03-31	0.86	2.00	-1.14Net Cash	19.89	4.3%
2024-12-31	0.70	0.37	0.33	19.37	3.6%
2024-09-30	0.66	1.67	-1.01Net Cash	19.41	3.4%
2024-06-30	0.69	1.53	-0.84Net Cash	19.41	3.6%
2024-03-31	1.03	1.49	-0.47Net Cash	19.32	5.3%
2023-12-31	1.22	1.56	-0.34Net Cash	19.35	6.3%
2023-09-30	1.00	1.57	-0.57Net Cash	19.37	5.2%
2023-06-30	0.90	1.68	-0.78Net Cash	19.40	4.6%
2023-03-31	0.99	1.91	-0.92Net Cash	19.44	5.1%
2022-12-31	0.11	1.75	-1.64Net Cash	19.29	0.6%
2022-09-30	0.11	2.36	-2.25Net Cash	19.70	0.6%
2022-06-30	0.14	2.98	-2.84Net Cash	19.98	0.7%
2022-03-31	0.14	3.39	-3.25Net Cash	20.16	0.7%
2021-12-31	0.15	3.81	-3.66Net Cash	20.42	0.7%
2021-09-30	0.16	3.44	-3.28Net Cash	14.53	1.1%
2021-06-30	0.17	3.05	-2.88Net Cash	14.19	1.2%
2021-03-31	0.18	2.37	-2.19Net Cash	13.77	1.3%
2020-12-31	0.18	1.71	-1.53Net Cash	13.20	1.4%
2020-09-30	0.30	1.69	-1.40Net Cash	13.17	2.2%
2020-06-30	0.30	1.53	-1.23Net Cash	13.02	2.3%
2020-03-31	0.55	0.91	-0.36Net Cash	11.98	4.6%
2019-12-31	0.30	0.58	-0.27Net Cash	11.40	2.7%
2019-09-30	0.29	0.61	-0.32Net Cash	11.54	2.5%
2019-06-30	0.50	0.59	-0.09Net Cash	11.60	4.3%
2019-03-31	0.31	0.73	-0.42Net Cash	9.00	3.4%
2018-12-31	0.41	0.69	-0.29Net Cash	8.85	4.6%
2018-09-30	0.30	0.69	-0.39Net Cash	8.38	3.6%
2018-06-30	0.30	0.77	-0.47Net Cash	8.38	3.6%
2018-03-31	0.30	0.61	-0.31Net Cash	8.09	3.7%
2017-12-31	0.32	0.66	-0.34Net Cash	8.08	4.0%
2017-09-30	0.34	0.69	-0.35Net Cash	8.05	4.2%
2017-06-30	0.32	0.65	-0.33Net Cash	8.02	4.0%
2017-03-31	0.30	0.62	-0.32Net Cash	7.74	3.9%
2016-12-31	0.34	0.65	-0.32Net Cash	7.71	4.4%
2016-09-30	0.30	0.74	-0.45Net Cash	7.50	4.0%
2016-06-30	0.30	0.72	-0.42Net Cash	7.42	4.0%
2016-03-31	0.29	0.57	-0.28Net Cash	7.19	4.1%
2015-12-31	0.34	0.64	-0.30Net Cash	7.21	4.8%
2015-09-30	0.35	0.62	-0.27Net Cash	7.14	4.9%
2015-06-30	0.39	0.77	-0.38Net Cash	7.20	5.4%
2015-03-31	0.40	0.54	-0.15Net Cash	6.91	5.7%
2014-12-31	0.41	0.53	-0.12Net Cash	6.36	6.4%
2014-09-30	0.37	0.59	-0.22Net Cash	6.38	5.7%
2014-06-30	0.35	0.61	-0.27Net Cash	6.35	5.4%
2014-03-31	0.42	0.57	-0.14Net Cash	6.23	6.8%
2013-12-31	0.45	0.57	-0.12Net Cash	6.10	7.4%
2013-09-30	0.51	0.59	-0.08Net Cash	5.90	8.6%
2013-06-30	0.56	0.64	-0.08Net Cash	5.85	9.5%
2013-03-31	0.55	0.54	0.02	5.72	9.6%
2012-12-31	0.59	0.54	0.05	5.76	10.3%
2012-09-30	0.49	0.18	0.31	5.19	9.4%
2012-06-30	0.48	0.19	0.29	5.12	9.3%
2012-03-31	0.48	0.13	0.35	4.99	9.7%
2011-12-31	0.54	0.54	-0.01Net Cash	4.97	10.8%
2011-09-30	0.57	0.23	0.33	4.90	11.6%
2011-06-30	0.54	0.19	0.35	4.84	11.1%
2011-03-31	0.56	0.07	0.49	4.65	12.0%
2010-12-31	0.57	0.16	0.40	4.70	12.0%
2010-09-30	0.58	0.28	0.30	4.70	12.3%
2010-06-30	0.58	0.34	0.24	4.74	12.2%
2010-03-31	0.61	0.22	0.39	4.55	13.3%
2009-12-31	0.65	0.12	0.53	4.48	14.4%
2009-09-30	0.68	0.07	0.61	4.43	15.3%
2009-06-30	0.67	0.08	0.59	4.46	15.0%
2009-03-31	0.67	0.07	0.60	3.77	17.9%
2008-12-31	0.70	0.05	0.65	3.63	19.2%
2008-09-30	0.57	0.09	0.47	3.48	16.3%
2008-06-30	0.58	0.09	0.49	3.39	17.0%
2008-03-31	0.53	0.08	0.45	3.33	16.0%
2007-12-31	0.50	0.07	0.43	2.77	18.1%
2007-09-30	0.43	0.06	0.37	2.68	16.1%
2007-06-30	0.38	0.06	0.31	2.66	14.2%
2007-03-31	0.42	0.06	0.35	2.74	15.2%
2006-12-31	0.60	0.06	0.54	2.83	21.3%
2006-09-30	0.51	0.06	0.45	2.93	17.4%
2006-06-30	0.51	0.08	0.43	2.92	17.3%
2006-03-31	0.56	0.06	0.50	2.92	19.0%
2005-12-31	0.79	0.07	0.73	3.04	26.1%
2005-09-30	0.57	0.07	0.50	2.98	19.0%
2005-06-30	0.60	0.08	0.53	2.99	20.1%
2005-03-31	0.63	0.07	0.56	3.00	21.0%
2004-12-31	0.66	0.06	0.59	2.94	22.3%
2004-09-30	0.54	0.07	0.47	2.90	18.7%
2004-06-30	0.50	0.07	0.43	2.68	18.7%
2004-03-31	0.50	0.07	0.43	2.54	19.5%
2003-12-31	0.42	0.08	0.34	2.44	17.0%
2003-09-30	0.38	0.07	0.31	2.43	15.7%
2003-06-30	0.43	0.08	0.35	2.43	17.7%
2003-03-31	0.42	0.07	0.34	2.35	17.8%
2002-12-31	0.36	0.07	0.29	2.29	15.8%
2002-09-30	0.37	0.07	0.31	2.30	16.2%
2002-06-30	0.37	0.07	0.30	2.26	16.3%
2002-03-31	0.37	0.06	0.31	2.20	16.8%
2001-12-31	0.39	0.07	0.32	2.20	17.6%
2001-09-30	0.36	0.06	0.30	2.14	16.8%
2001-06-30	0.32	0.07	0.25	2.06	15.7%
2001-03-31	0.32	0.07	0.25	1.97	16.2%
2000-12-31	0.28	0.06	0.22	1.95	14.1%
2000-09-30	0.21	0.08	0.13	1.87	11.2%
2000-06-30	0.34	0.05	0.29	1.65	20.8%
2000-03-31	0.38	0.05	0.33	1.62	23.6%
1999-12-31	0.36	0.05	0.31	1.59	22.6%
1999-09-30	0.36	0.04	0.32	1.57	22.9%
1999-06-30	0.33	0.06	0.27	1.55	21.5%
1999-03-31	0.39	0.06	0.34	1.56	25.2%
1998-12-31	0.40	0.09	0.31	1.58	25.2%
1998-09-30	0.39	0.06	0.33	1.51	25.6%
1998-06-30	0.35	0.07	0.28	1.47	23.5%
1998-03-31	0.27	0.05	0.22	1.36	19.9%
1997-12-31	0.25	0.07	0.18	1.37	18.1%
1997-09-30	0.26	0.05	0.21	1.35	19.0%
1997-06-30	0.17	0.06	0.11	1.26	13.8%
1997-03-31	0.11	0.05	0.06	1.12	9.9%
1996-12-31	0.08	0.05	0.03	1.09	7.4%
1996-09-30	0.11	0.06	0.05	1.06	10.3%