Financials in USD. Standardized financial statements.
A compact view of how Independent Bank Corp. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $1.17B | $974.14M | $911.33M | $749.84M | $515.98M | $507.42M | $556.63M | $412.21M | $356.76M | $326.07M |
| Revenue Growth? | +19.8% | +6.9% | +21.5% | +45.3% | +1.7% | -8.8% | +35.0% | +15.5% | +9.4% | 0.0% |
| Cost of Revenue? | $374.29M | $327.27M | $212.46M | $36.09M | $31.92M | $86.84M | $59.88M | $30.31M | $21.28M | $24.87M |
| Gross Profit? | $792.88M | $646.86M | $698.88M | $713.75M | $484.06M | $420.58M | $496.75M | $381.89M | $335.47M | $301.20M |
| Gross Margin? | +67.9% | +66.4% | +76.7% | +95.2% | +93.8% | +82.9% | +89.2% | +92.6% | +94.0% | +92.4% |
| Operating Expenses? | $525.96M | $399.74M | $383.74M | $365.99M | $327.38M | $267.74M | $278.64M | $225.97M | $200.93M | $189.13M |
| Operating Income? | $266.92M | $247.13M | $315.13M | $347.75M | $156.68M | $152.84M | $218.11M | $155.93M | $134.54M | $112.08M |
| EBITDA? | $306.23M | $288.02M | $351.24M | $386.55M | $189.50M | $180.10M | $237.55M | $171.56M | $150.31M | $126.43M |
| Income Before Tax | $262.17M | $247.13M | $315.13M | $347.75M | $156.68M | $152.84M | $218.11M | $155.93M | $134.54M | $112.08M |
| Income Tax Expense | $57.05M | $55.05M | $75.63M | $83.94M | $35.68M | $31.67M | $52.93M | $34.30M | $47.34M | $35.43M |
| Net Income? | $205.12M | $192.08M | $239.50M | $263.81M | $120.99M | $121.17M | $165.18M | $121.62M | $87.20M | $76.65M |
| EPS? | $4.45 | $4.52 | $5.42 | $5.69 | $3.47 | $3.64 | $5.03 | $4.41 | $3.19 | $2.90 |
| Diluted EPS? | $4.45 | $4.52 | $5.42 | $5.69 | $3.47 | $3.64 | $5.03 | $4.40 | $3.19 | $2.90 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality