What does proceeds from life insurance policies mean?

Represents cash inflows received from Bank-Owned Life Insurance (BOLI) policies, typically resulting from death benefits or policy surrenders. These proceeds contribute to non-interest income and liquidity management.

Independent Bank Corp INDB Proceeds From Life Insurance Policies

Proceeds From Life Insurance Policies at other companies

Eastern Bankshares, Inc.EBC

$487K—

FIB

First Interstate BancSystem, Inc.FIBK

$1M+900%

First Financial BancorpFFBC

$0-100%

Ameris BancorpABCB

$0-100%

Prosperity BancsharesPB

$3.08M+445%

Valley National BankVLY

$3.21M-0.4%

Other financials

Income statement

See full

Revenue$252.7M+41.9%

Net income$79.9M+79.9%

EPS (diluted)$1.63+56.7%

Balance sheet

See full

Cash & equivalents$729.0M+1.7%

Total debt$776.3M-9.7%

Total equity$3.5B+16.8%

Total assets$24.8B+24.6%

Cash flow

See full

Operating cash flow$117.2M+779%

CapEx$5.6M+176%

Free cash flow$111.6M+887%

Valuation

See full

Market cap$3.91B+36.8%

Enterprise value$3.96B+31.6%

P/E16.3×+1.1×

P/S4.2×+0.1×

Profitability

See full

Net margin25.8%-1.1pp

FCF margin36.4%+11.5pp

Returns & leverage

See full

Return on equity7.3%+0.9pp

Debt / equity0.2×-0.1×

Where this comes from

Reported directly by Independent Bank Corp in its filing.

Tagged under the XBRL concept us-gaap:ProceedsFromLifeInsurancePolicies.

The official record: Independent Bank Corp’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Independent Bank Corp's proceeds from life insurance policies?: Independent Bank Corp (INDB) reported proceeds from life insurance policies of $1.07M in Q1 2026.
What does proceeds from life insurance policies mean?: Represents cash inflows received from Bank-Owned Life Insurance (BOLI) policies, typically resulting from death benefits or policy surrenders. These proceeds contribute to non-interest income and liquidity management.