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Independent Bank Corp INDB Q1 2025 earnings

Reported April 17, 2025 · After market close

Revenue$176.1MBeat by $1.1M
EPS$1.06Miss by $0.11
Revenue estimate$175.0M
EPS estimate$1.17

Next report

Oct 15, 2026 (In 1 week)
Revenue estimate$262.4M
EPS estimate$1.85

Financials

Q1 2025

Income statement

See full
Revenue$178.0M+6.4%
Net income$44.4M-7.0%
EPS (diluted)$1.04-7.1%

Balance sheet

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Cash & equivalents$716.8M+224%
Total debt$859.9M-16.1%
Total equity$3.0B+5.2%
Total assets$19.9B+2.9%

Cash flow

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Operating cash flow$13.3M-73.9%
CapEx$2.0M-54.5%
Free cash flow$11.3M-75.8%

Valuation & ratios

Valuation

as of 03/31/25
See full
Market cap$2.67B+20.6%
Enterprise value$2.81B-6.8%
P/E14.1×+4.4×
P/S3.8×+0.7×

Profitability

See full
Net margin26.9%-4.8pp
FCF margin24.9%-11.8pp

Returns & leverage

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Return on equity6.4%-1.5pp
Debt / equity0.3×-0.1×

Segments

By product

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Investment Advisory, Management and Administrative Service$10.0M+10.4%
Deposit Account$7.1M+13.2%
Credit Card, Merchant Discount$3.1M+6.4%
Investment Advisory, Retail Investment and Insurance Service$1.2M+39.1%
ATM Charge$1.0M-2.3%

FAQ

When did Independent Bank Corp report Q1 2025 earnings?
Independent Bank Corp (INDB) reported Q1 2025 earnings on April 17, 2025 after market close.
What were Independent Bank Corp's Q1 2025 revenue and EPS?
Independent Bank Corp reported revenue of $176.1M and eps of $1.06 for Q1 2025.
Did Independent Bank Corp beat estimates in Q1 2025?
Revenue beat the consensus estimate of $175.0M by $1.1M. EPS missed the consensus estimate of $1.17 by $0.11.
Where can I find Independent Bank Corp's Q1 2025 SEC filings?
You can read the 8-K earnings release (0000776901-25-000144) and the 10-Q periodic report (0000776901-25-000148) directly on SEC EDGAR. The filing index links above go to sec.gov.