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Independent Bank Corp INDB Data processing and equipment

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Other financials

Income statement

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Revenue$253.3M+39.3%
Net income$81.8M+60.1%
EPS (diluted)$1.70+41.7%

Balance sheet

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Cash & equivalents$1.0B+11.1%
Total debt$701.5M-7.6%
Total equity$3.5B+14.2%
Total assets$25.0B+24.6%

Cash flow

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Operating cash flow$73.4M-31.2%
CapEx$6.4M+52.5%
Free cash flow$67.0M-34.7%

Valuation

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Market cap$4B+26.0%
Enterprise value$3.7B+22.0%
P/E14.7×-2.1×
P/S-0.5×

Profitability

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Net margin27%+0.6pp
FCF margin30.3%+0.1pp

Returns & leverage

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Return on equity8.2%+1.9pp
Debt / equity0.2×0.0×

Where this comes from

Reported directly by Independent Bank Corp in its filing.

Tagged under the XBRL concept us-gaap:InformationTechnologyAndDataProcessing.

The source filing: Independent Bank Corp’s 10-Q, filed August 6, 2026.

Filed
Aug 6, 2026, 4:15 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000776901-26-000129
Line itemThree Months Ended / June 30 / 2026Three Months Ended / June 30 / 2025Six Months Ended / June 30 / 2026Six Months Ended / June 30 / 2025
Non-interest expenses
Salaries and employee benefits79,08862,856159,825124,787
Occupancy and equipment expenses16,17013,15833,47627,017
Data processing and facilities management3,2082,7836,4675,425
Software and subscriptions7,0705,16614,13810,193
FDIC assessment3,1582,3736,4865,361
Debit card expense2,4621,9844,8643,919
Amortization of intangible assets6,7911,19713,6812,541

Item 1. Financial Statements (unaudited)

FAQ

What is Independent Bank Corp's data processing and equipment?
Independent Bank Corp (INDB) reported data processing and equipment of $3.21M in Q2 2026.
How has Independent Bank Corp's data processing and equipment changed year-over-year?
Independent Bank Corp's data processing and equipment increased by 15.3% year-over-year, from $2.78M to $3.21M.
What is the long-term trend for Independent Bank Corp's data processing and equipment?
Over 4 years (2021 to 2025), Independent Bank Corp's data processing and equipment has grown at a 12.8% compound annual growth rate (CAGR), from $6.9M to $11.18M.
What does data processing and equipment mean?
Operating expenses related to the maintenance, infrastructure, and processing of digital banking systems and internal data management. This metric tracks the bank's investment in technological capabilities and operational efficiency.

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