What is Independent Bank Corp's revenue?

Independent Bank Corp (INDB) generated $932.2M in revenue over the trailing twelve months, up 33.1% year over year.

Is Independent Bank Corp profitable?

Independent Bank Corp reported $240.6M in net income over the trailing twelve months, a 25.8% net margin.

What is Independent Bank Corp's earnings per share?

Independent Bank Corp's diluted EPS over the trailing twelve months is $5.08.

Where does Independent Bank Corp's income statement data come from?

Every line is extracted from Independent Bank Corp's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Independent Bank Corp INDB Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Net interest income	$212.46M+46.0%	$212.49M+46.9%	$203.34M+43.5%	$147.5M+6.9%	$145.51M+5.9%
Net interest income after provision for credit losses	$206.96M+58.6%	$207.74M+51.5%	$164.83M+34.9%	$140.3M+5.0%	$130.51M-1.5%
Total noninterest income	$40.26M+23.7%	$41.44M+28.7%	$40.4M+20.4%	$34.31M+6.1%	$32.54M+8.7%
Total interest income	$290.27M+37.0%	$297.54M+37.5%	$294.75M+36.1%	$218.19M+3.0%	$211.92M+1.9%
Total revenue	$252.72M+41.9%	$253.93M+43.6%	$243.74M+39.1%	$181.8M+6.8%	$178.04M+6.4%
Total interest expense (banking)	$66.94M+12.6%	$74.38M+15.9%	$80.74M+20.5%	$59.84M-2.6%	$59.44M+9.4%
Compensation and benefits	$80.74M+30.4%	$81.58M+37.8%	$81.13M+35.0%	$62.86M+10.0%	$61.93M+8.3%
Occupancy and equipment	$17.31M+24.9%	$15.6M+16.5%	$14.98M+17.6%	$13.16M+5.5%	$13.86M+2.9%
Depreciation and amortization	$10.21M-0.8%	$9.89M+5.3%	$12.8M+24.1%	$9.16M-15.9%	$10.29M0.0%
Provision for credit losses	$5.78M-86.0%	——	$2.67M-61.9%	$6.97M+762%	$41.4M+4,599%
Acquisition and integration costs	$3.02M+162%	$12.35M+549%	$23.89M—	$2.24M—	$1.16M—
Other operating expenses	$18.9M+26.1%	$8.48M+25.7%	$20.8M+27.9%	$14.23M+5.3%	$15M-4.1%
Total noninterest expense	$142.92M+35.0%	$154.37M+45.1%	$160.84M+60.1%	$108.8M+9.2%	$105.88M+6.0%
Interest expense	$77.81M+17.2%	$85.05M+18.7%	$91.41M+22.2%	$70.7M-4.4%	$66.42M-5.9%
Other income (expense), net	$734K+23.4%	——	$756K+16.5%	$471K-29.0%	$595K-9.6%
Gain (loss) on disposal of assets	$0+100%	——	——	-$18K+67.9%	-$74K-517%
Net investment gains (losses)	$25K-74.5%	——	$380K-44.5%	$71K+166%	$98K-83.9%
Income before income taxes	$104.3M+82.5%	$94.81M+50.7%	$44.39M-19.7%	$65.81M-0.9%	$57.17M-8.5%
Net income	$79.92M+79.9%	$75.34M+50.6%	$34.26M-20.2%	$51.1M-0.4%	$44.42M-7.0%
Net margin	31.6%+6.7pp	29.7%+1.4pp	14.1%-10.4pp	28.1%-2.0pp	25%-3.6pp
Diluted earnings per share	$1.63+56.7%	$1.56+32.2%	$0.69-31.7%	$1.20-0.8%	$1.04-7.1%
Basic earnings per share	$1.63+56.7%	$1.56+32.2%	$0.69-31.7%	$1.20-0.8%	$1.04-7.1%
Weighted-average shares, diluted	49M+15.1%	46.2M+8.7%	50M+17.6%	42.6M+0.4%	42.6M0.0%
Weighted-average shares, basic	49M+15.1%	46.2M+8.6%	49.9M+17.5%	42.6M+0.4%	42.6M0.0%
Amortization of acquired technology	——	$4.23M+186%	$4.23M+186%	$4.23M+186%	$4.23M+186%
Gain on retained interest in Sandisk	$25K-72.8%	——	$368K-39.1%	$71K+165%	$92K-47.1%
Accounts Receivable, Noncurrent, Accrued Interest, Writeoff	$215K-37.5%	——	$173K+82.1%	$224K+100%	$344K-10.6%
Accretion of acquired loans	$9.19M+2,140%	——	$4.61M+2,596%	$235K+213%	$410K+179%
Share-based compensation expense related to employee stock plans	$2.32M+22.1%	——	$2.25M+48.4%	$2.95M+37.8%	$1.9M+45.8%
Adjustment to Reconcile Net Income to Cash Provided by (Used in) Operating Activity	$37.3M+220%	——	$17.9M-34.4%	$55.62M+288%	-$31.08M-1,021%
Amortization of capitalized software and acquired intangible assets	$6.89M+413%	——	$7.32M+401%	$1.2M-18.3%	$1.34M-14.0%
Bank Owned Life Insurance Income	$2.71M+31.3%	$2.7M+25.6%	$2.63M+31.1%	$2.04M+1.9%	$2.07M+7.1%
Net increase in capital commitments relating to low income housing project investments	$0-100%	——	$20.38M—	——	$10.22M+23.1%
Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Period Increase (Decrease), Including Exchange Rate Effect and Discontinued Operation	-$42.92M-109%	——	$9.56M-91.4%	$184.39M+99.2%	$496.95M+16,588%
Change in Fair Value on Loans Held for Sale	-$417K-832%	——	-$152K-850%	$266K+135%	$57K-18.6%
Change In Unamortized Net Loan Costs And Premiums	$315K-6.8%	——	$523K+10.6%	$333K+1.8%	$338K+25.2%
Dividends declared (in dollars per share)	$0.64+8.5%	$0.59+3.5%	$0.59+3.5%	$0.59+3.5%	$0.59+3.5%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$70.38M+9.6%	——	$44.78M-44.0%	$63.22M+12.0%	$64.23M+48.5%
Current Federal, State and Local, Tax Expense (Benefit)	$24.38M+91.4%	——	$10.13M-18.1%	$14.71M-2.4%	$12.74M-13.5%
Debit card expense	$2.4M+24.1%	——	——	$1.98M+23.8%	$1.94M-21.9%
Accrued interest receivables reversed through interest income on AFS securities	$0—	——	$0—	$0—	$0—
Provision for credit losses	$0—	——	$0—	$0—	$0—
Total net securities (losses)	$0—	——	-$64K—	$0—	$0—
Accrued interest receivables reversed through interest income on HTM securities	$0—	——	$0—	$0—	$0—
Debt Securities, Held-to-Maturity, Excluding Accrued Interest, Allowance for Credit Loss, Period Increase (Decrease)	$0—	——	$0—	$0—	$0—
Deferred taxes	$1.33M+30.4%	-$3.18M+79.7%	-$549K-143%	-$574K-146%	$1.02M-60.5%
Derivative, Gain (Loss) on Derivative, Net	$910K-12.7%	$1.23M+181%	$1.22M+8.8%	$66K-86.0%	$1.04M+1,203%
Dividends, Common Stock, Cash	$31.09M+23.7%	——	$29.38M+21.3%	$25.15M+3.9%	$25.14M+3.9%
Gain on sale of equity security	$0-100%	——	$12K-85.2%	$0-100%	$6K-98.6%
FDIC assessments	$3.33M+11.4%	$4.06M+56.8%	$3.08M+17.2%	$2.37M-11.9%	$2.99M+0.2%
Fees and Commission Mortgage Banking	$1.27M+71.4%	$1.27M+20.8%	$1.44M+48.6%	$1.07M-18.8%	$741K-6.9%
Net addition to the allowance for credit losses	-$683K-103%	——	-$45.7M—	——	$25.9M—
Recoveries	$959K+88.8%	——	$834K+143%	$447K-4.7%	$508K-16.3%
Account Balances	——	——	$14.16M—	$42.64M-6.8%	$32.93M+2.2%
Account balance, modified and subsequent default	$0—	——	$0—	$0—	$0—
Financing Receivable, Originated, More than Five Years before Current Fiscal Year, Writeoff	$44K—	——	$97K—	$1.41M—	$0—
Financing Receivable Revolving Converted To Term Loan Writeoff	$0—	——	$0—	$0—	$0—
Financing Receivable, Revolving, Writeoff	$390K+100%	——	——	$7.56M+10,399%	$195K+117%
Financing Receivable, Year Five, Originated, Four Years before Current Fiscal Year, Writeoff	$11K-99.8%	——	——	$969K—	$7.02M—
Financing Receivable, Year Four, Originated, Three Years before Current Fiscal Year, Writeoff	$20K-63.6%	——	——	$43K—	$55K—
Financing Receivable, Year One, Originated, Current Fiscal Year, Writeoff	$1.07M-6.6%	——	——	$11.41M+1,451%	$1.14M+49.4%
Financing Receivable, Year Three, Originated, Two Years before Current Fiscal Year, Writeoff	$22K-99.9%	——	——	$2.07M—	$24.86M+88,700%
Financing Receivable, Year Two, Originated, Fiscal Year before Current Fiscal Year, Writeoff	$4.22M-48.0%	——	——	——	$8.13M—
Gain Loss On Sale Of Property Plant Equipment	$0+100%	-$38K+56.3%	$0—	-$18K+67.9%	-$74K-517%
Net gains/(losses) on sales of loans	$1.7M+141%	——	$1.8M+5.9%	$828K-12.6%	$705K+18.9%
Gain Realized on Life Insurance Policies	$346K—	$315K+62.4%	$0—	$1.65M—	$0-100%
Debt Security, Held-to-Maturity, Sold, Realized Gain (Loss)	$0—	——	$0—	$0—	$0—
Increase Decrease In Deferred Compensation	$0—	——	$0—	$0—	$0—
Change in federal funds purchased and securities sold under repurchase agreements	-$99.79M+27.7%	$0—	-$46.71M-55.7%	-$100M+69.9%	-$138M+3.5%
Increase (Decrease) in Loan, Held-for-Sale	-$18.73M-1,666%	——	$162K—	$8M+25.1%	$1.2M-75.6%
Net increase in all other deposits	-$16.35M-104%	$0+100%	$79.59M+296%	$207.04M+91.8%	$407.87M+652%
Increase (Decrease) in Other Operating Assets	-$36.52M-452%	-$27.19M-157%	-$11.95M+67.3%	-$43.41M-1,311%	$10.38M+913%
Other liabilities	-$20.38M+49.4%	-$4.1M-112%	-$35.23M+4.0%	——	-$40.26M-1,247%
Increase (Decrease) in Time Deposits	-$12.93M+65.9%	-$151.77M—	-$40.18M-156%	$0-100%	-$37.85M-115%
Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI	$805K+41.0%	$109K+166%	——	——	$571K+350%
Data processing and equipment	$3.26M+23.4%	$2.97M+15.9%	$2.79M+11.1%	$2.78M+15.7%	$2.64M+6.4%
Interchange And Atm Fees	$5.02M+8.6%	$5.38M+10.3%	$5.99M+20.5%	$5M+5.1%	$4.62M+3.8%
Interest and Dividend Income, Operating	$290.27M+37.0%	$297.54M+37.5%	$294.75M+36.1%	$218.19M+3.0%	$211.92M+1.9%
Interest And Fee Income Loans And Leases Held For Sale	$252K+174%	$339K+86.3%	$225K-0.9%	$140K-29.6%	$92K-11.5%
Interest And Fee Income Loans And Leases Held In Portfolio	$260.98M+33.8%	$265.58M+34.0%	$263.77M+31.5%	$197.78M+0.3%	$195.09M+1.0%
Interest Expense Borrowings	$10.87M+55.8%	$10.67M+42.8%	$10.67M+36.2%	$10.85M-13.0%	$6.98M-57.1%
Interest Expense, Deposits	$66.94M+12.6%	$74.38M+15.9%	$80.74M+20.5%	$59.84M-2.6%	$59.44M+9.4%
Interest Income (Expense), after Provision for Loan Loss	$206.96M+58.6%	$207.74M+51.5%	$164.83M+34.9%	$140.3M+5.0%	$130.51M-1.5%
Interest Income (Expense), Operating	$212.46M+46.0%	$212.49M+46.9%	$203.34M+43.5%	$147.5M+6.9%	$145.51M+5.9%
Federal Funds Sold	$3.66M+154%	$6.69M+112%	$7.25M+343%	$4.39M+1,007%	$1.44M+198%
Investment Banking Advisory Brokerage And Underwriting Fees And Commissions	$14.17M+26.2%	$13.79M+27.9%	$13.65M+23.7%	$11.38M+3.6%	$11.22M+12.9%
Investments in low income housing projects	-$3.86M+74.8%	——	-$5.91M+13.7%	-$5.05M+43.1%	-$15.33M-135%
Issuance Of Restricted Stock Awards, Net of Issuance Cost	$2.2M+62.5%	——	$57K+185%	$34K+3,300%	$1.35M+70.6%
Life Insurance Corporate Or Bank Owned Change In Value	$2.71M+31.3%	——	$2.63M+31.1%	$2.04M+1.9%	$2.07M+7.1%
Cash Provided by (Used in) Financing Activity, Including Discontinued Operation	-$172.85M-134%	——	——	$92.35M—	$503.53M+819%
Cash Provided by (Used in) Investing Activity, Including Discontinued Operation	$12.71M+164%	——	$72.52M+16.0%	-$14.68M-191%	-$19.91M-225%
Cash Provided by (Used in) Operating Activity, Including Discontinued Operation	$117.22M+779%	$78.94M+84.0%	$52.16M-25.7%	$106.72M+62.6%	$13.34M-73.9%
Non Taxable Interest and Dividends on Securities	$114K+11,300%	$134K+6,600%	$208K+20,700%	$2K0.0%	$1K0.0%
Noninterest Expense	$142.92M+35.0%	$154.37M+45.1%	$160.84M+60.1%	$108.8M+9.2%	$105.88M+6.0%
Operating Lease Payments	$3.96M-0.9%	$3.98M+16.4%	$3.94M+15.9%	$3.44M+1.9%	$3.99M+4.0%
Net unrealized gains on securities available for sale	-$2.79M-157%	——	$2.72M-67.6%	$2.91M+47.9%	$4.87M+616%
Net unrealized debt securities gains (losses), net of tax	-$9.49M-158%	——	$9.17M-67.6%	$9.84M+190%	$16.39M+645%
Net unrealized gains/(losses) on available-for-sale securities	-$12.28M-158%	——	$11.89M-67.6%	$12.74M+138%	$21.26M+638%
Less: Tax provision /(benefit)	$1K0.0%	——	$1K-50.0%	$1K0.0%	$1K0.0%
Amortization of prior service credit, net loss and initial obligation included in net periodic benefit cost	$3K0.0%	——	$3K+50.0%	$4K0.0%	$3K0.0%
Amortization of prior service costs/(credits)	$4K0.0%	——	$4K0.0%	$5K0.0%	$4K0.0%
Unrealized gains (losses) on available-for-sale securities	-$9.49M-158%	——	$9.17M-67.6%	$9.84M+190%	$16.39M+645%
Other Comprehensive Income (Loss), before Tax, Portion Attributable to Parent	-$12.35M-148%	——	$13.75M-71.8%	$15.89M+106%	$25.96M+531%
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), after Reclassification, Tax	-$13K-101%	——	$527K-84.0%	$877K+34.3%	$1.3M+333%
Net gains (losses) deferred	-$1.02M-168%	——	-$252K-105%	$506K+126%	$1.52M+126%
Tax on unrealized gain on derivative hedge agreements	-$388K-168%	——	-$95K-105%	$191K+126%	$572K+126%
Cash flow hedges	-$1.41M-168%	——	-$347K-105%	$697K+126%	$2.09M+126%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification Before Tax	-$45K-101%	——	$1.92M-84.0%	$3.21M+34.3%	$4.76M+332%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax	-$992K+48.8%	——	-$1.65M+53.7%	-$1.82M+50.1%	-$1.94M+54.4%
Unrealized gains (losses) on hedge instruments	-$32K-101%	——	$1.4M-84.0%	$2.33M+34.2%	$3.46M+332%
Tax expense on reclassification of realized net derivative loss to net income	-$375K+48.7%	——	-$622K+53.6%	-$686K+50.1%	-$731K+54.3%
Cash flow hedges, Gain or (loss) reclassified from accumulated OCI into income	-$1.37M+48.8%	——	-$2.27M+53.7%	-$2.51M+50.1%	-$2.67M+54.4%
Other comprehensive income (loss)	-$9.54M-148%	——	$10.52M-71.6%	$12.12M+137%	$19.81M+539%
Other comprehensive income/(loss)	-$9.54M-148%	——	$10.52M-71.6%	$12.12M+137%	$19.81M+539%
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	$19K-57.8%	——	$45K+181%	$45K+221%	$45K+200%
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Tax	$7K-58.8%	——	$17K+325%	$17K+183%	$17K+183%
Other Comprehensive Income Loss Pension And Other Postretirement Benefit Plans Adjustment Before Tax	$26K-58.1%	——	$62K+210%	$62K+210%	$62K+195%
Tax expense (benefit) of other comprehensive income (loss), reclassification adjustment from AOCI for sale of securities	$0—	——	-$14K—	$0—	$0—
Pension and other postretirement benefit, tax	$22K-54.2%	——	$48K+167%	$49K+172%	$48K+167%
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax	$30K-54.5%	——	$66K+175%	$67K+168%	$66K+164%
Other Comprehensive Income Loss Reclassification Adjustment From AOCI Pension And Other Postretirement Benefit Plans For Net Gain Loss Tax	$8K-55.6%	——	$18K+200%	$18K+157%	$18K+157%
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI for Sale of Securities, Net of Tax	$0—	——	-$50K—	$0—	$0—
Other Comprehensive Income Loss Reclassification Adjustment From AOCI For Sale Of Securities Before Tax	$0—	——	-$64K—	$0—	$0—
Other Comprehensive Income (Loss), Tax, Portion Attributable to Parent	-$2.81M-146%	——	$3.23M-72.4%	$3.77M+44.2%	$6.16M+508%
Tax expense (benefit) of unrealized gains/losses on available for sale securities still held	-$2.79M-157%	——	$2.7M-67.8%	$2.91M+47.9%	$4.87M+616%
Net unrealized gains (losses) on securities still held	-$9.49M-158%	——	$9.12M-67.8%	$9.84M+190%	$16.39M+645%
Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Before Tax	-$12.28M-158%	——	$11.82M-67.8%	$12.74M+138%	$21.26M+638%
Other noninterest income - ASC 606	$1.54M-1.3%	——	$1.99M+30.8%	$1.66M+21.7%	$1.56M+40.3%
Payments for (Proceeds from) Federal Home Loan Bank Stock	-$4.08M+29.2%	——	-$6.1M-117%	-$4.75M+65.0%	-$5.77M-310%
Payments For Proceeds From Loans And Leases	-$82.98M-450%	$49.62M-66.5%	$2.46M—	$49.91M-29.0%	$23.74M-54.7%
Payments for Repurchase of Common Stock	$63.26M—	$37.49M—	$23.36M—	$0—	$0-100%
Payments of Ordinary Dividends, Common Stock	$29.06M+19.9%	$29.39M+21.4%	$25.15M+3.9%	$25.14M+3.9%	$24.23M+2.7%
Payments to Acquire Debt Securities, Available-for-Sale	$168.45M+138%	$99.93M+22.5%	$204.64M+328%	$50.78M—	$70.81M—
Payments to Acquire Equity Securities, FV-NI	$185K+3.4%	——	$159K+1.3%	$169K-4.0%	$179K+8.5%
Payment to Acquire Life Insurance Policy, Investing Activities	$0-100%	$46K—	$16K+6.7%	$8K0.0%	$47K-48.4%
Payments to Acquire Property, Plant, and Equipment	$5.6M+176%	$3.41M-46.7%	$2.48M-57.6%	$4.22M+13.0%	$2.03M-54.5%
Subordinated debt	$0-100%	——	——	——	$296.49M—
Proceeds from Life Insurance Policy	$1.07M—	$0-100%	$3.95M—	$0—	$0—
Proceeds from revolver	$50M—	——	——	——	$0—
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-Sale	$79.03M+31.6%	$52.89M-15.3%	$79.63M+37.6%	$62.25M+8.4%	$60.04M+4.6%
Principal payments received on trading securities	$23.64M-10.5%	——	$26.44M-6.8%	$28.45M+6.9%	$26.42M+6.3%
Proceeds from issuance of common stock relating to employee stock plans	$727K+23.4%	$745K-42.6%	$749K+15.4%	$466K-29.1%	$589K-9.5%
Total provisions for credit losses	$5.5M-63.3%	$4.75M-36.7%	$38.52M+97.5%	$7.2M+69.4%	$15M+200%
Provision (benefit) for other credit losses	——	$16.37M+80.6%	$16.37M+80.6%	$16.37M+80.6%	$16.37M+80.6%
Service Charges on Deposit Accounts	$9.25M+31.1%	$9.1M+27.9%	$8.85M+30.5%	$7.14M+12.8%	$7.05M+13.2%
Stock-based compensation	$2.32M+22.1%	$1.89M+20.6%	$2.25M+48.4%	$2.95M+37.8%	$1.9M+45.8%
Software Maintenance	$7.07M+40.6%	$7.17M+47.9%	$6.85M+44.7%	$5.17M+15.4%	$5.03M+22.8%
Issuance of vested restricted stock units	-$2.13M-62.8%	——	-$53K-165%	-$25K-600%	-$1.31M-70.8%
Purchase price	$63.9M—	——	$23.59M—	——	——
Total noninterest income in scope of ASC 606	$31M+23.5%	——	$30.97M+24.6%	$25.81M+7.6%	$25.1M+12.5%
Total noninterest income out of scope of ASC 606	$9.26M+24.5%	——	$9.42M+8.4%	$8.5M+1.8%	$7.44M-2.6%
Add: dilutive effect of potential common shares (in shares)	$29.69K+32.8%	$744-72.5%	$22.43K+93.0%	$17.15K+298%	$22.35K+73.6%

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Questions, answered.

What is Independent Bank Corp's revenue?: Independent Bank Corp (INDB) generated $932.2M in revenue over the trailing twelve months, up 33.1% year over year.
Is Independent Bank Corp profitable?: Independent Bank Corp reported $240.6M in net income over the trailing twelve months, a 25.8% net margin.
What is Independent Bank Corp's earnings per share?: Independent Bank Corp's diluted EPS over the trailing twelve months is $5.08.
Where does Independent Bank Corp's income statement data come from?: Every line is extracted from Independent Bank Corp's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.