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Independent Bank Corp INDB Bank Owned Life Insurance

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Other financials

Income statement

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Revenue$252.7M+41.9%
Net income$79.9M+79.9%
EPS (diluted)$1.63+56.7%

Balance sheet

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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

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Operating cash flow$117.2M+779%
CapEx$5.6M+176%
Free cash flow$111.6M+887%

Valuation

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Market cap$3.91B+36.8%
Enterprise value$3.96B+31.6%
P/E16.3×+1.1×
P/S4.2×+0.1×

Profitability

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Net margin25.8%-1.1pp
FCF margin36.4%+11.5pp

Returns & leverage

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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:BankOwnedLifeInsurance.

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 bank owned life insurance?
Independent Bank Corp (INDB) reported bank owned life insurance of $380.42M in Q1 2026.
How has Independent Bank Corp's bank owned life insurance changed year-over-year?
Independent Bank Corp's bank owned life insurance increased by 24.3% year-over-year, from $306.08M to $380.42M.
What is the long-term trend for Independent Bank Corp's bank owned life insurance?
Over 5 years (2020 to 2025), Independent Bank Corp's bank owned life insurance has grown at a 13.6% compound annual growth rate (CAGR), from $200.53M to $378.58M.
What does bank owned life insurance mean?
Bank Owned Life Insurance (BOLI) consists of life insurance policies purchased by the bank on the lives of key employees, where the bank is the beneficiary. It is used as a tax-advantaged vehicle to offset the costs of employee benefit plans. The cash surrender value of these policies represents a stable, long-term asset for the institution.