Independent Bank Corp. Detailed Financials

Full historical quarterly statements

Metric2026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-30
Total Revenue290.3M339.0M335.2M250.5M242.5M246.6M249.5M242.6M
Cost of Goods Sold77.8M85.0M129.9M77.9M81.4M79.2M94.3M78.2M
Gross Profit212.5M253.9M205.2M172.6M161.1M167.4M155.1M164.4M
R&D Expenses00000000
Operating Expenses142.9M154.4M160.8M106.8M103.9M104.5M99.8M98.0M
Operating Income69.5M99.6M44.4M65.8M57.2M62.9M55.3M66.4M
Other Income / Gains34.8M-4.8M000000
Net Income79.9M75.3M34.3M51.1M44.4M50.0M42.9M51.3M
EPS (Diluted)1.631.520.691.201.041.181.011.21
Reported CurrencyUSDUSDUSDUSDUSDUSDUSDUSD
Gross Profit Ratio0.7320.7490.6120.6890.6640.6790.6220.678
General And Administrative Expenses139.9M81.6M84.2M65.2M64.9M61.8M62.7M59.9M
Selling And Marketing Expenses0001.8M0001.8M
Selling General And Administrative Expenses139.9M81.6M84.2M67.0M64.9M61.8M62.7M61.7M
Other Expenses3.0M72.8M76.6M39.8M39.0M42.7M37.1M36.3M
Cost And Expenses220.7M239.4M290.8M184.7M185.4M183.6M194.2M176.2M
Interest Income290.3M297.5M294.8M218.2M211.9M216.3M216.5M211.9M
Interest Expense77.8M85.0M91.4M70.7M66.4M71.7M74.8M73.9M
Depreciation And Amortization3.0M7.1M12.8M9.2M10.3M9.4M10.3M10.9M
Ebitda72.6M106.6M57.2M75.0M67.5M72.3M65.6M77.3M
Ebitdaratio0.250.3150.1710.2990.2780.2930.2630.319
Operating Income Ratio0.240.2940.1320.2630.2360.2550.2220.274
Income Before Tax104.3M94.8M44.4M65.8M57.2M62.9M55.3M66.4M
Income Before Tax Ratio0.3590.280.1320.2630.2360.2550.2220.274
Income Tax Expense24.4M19.5M10.1M14.7M12.7M12.9M12.4M15.1M
Net Income Ratio0.2750.2220.1020.2040.1830.2030.1720.212
Epsdiluted1.631.520.691.201.041.181.011.21
Weighted Average Shs Out49.0M49.5M49.9M42.6M42.5M42.5M42.5M42.5M
Weighted Average Shs Out Dil49.0M49.5M50.0M42.6M42.6M42.5M42.5M42.5M