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Independent Bank (INDB) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

FINANCIAL SERVICES · BANKS - REGIONAL · DATA UPDATED 2026-08-23

Independent Bank (INDB) operates in the BANKS - REGIONAL industry and is headquartered in Rockland, United States with about 2,294 employees. Its market capitalization is roughly $4 billion. In the fiscal year ended 2025-12-31, INDB reported $1.2B in revenue and $205M in net income.

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States.

Interactive charts & full statements → Open the INDB valuation workbench →

INDB Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Revenue$1.3B$1.2B$974M$796M$750M$516M$507M$557M$412M$357M$326M$308M$286M$270M$256M$246M$250M$240M$205M$192M$94M
Gross Profit$883M$793M$647M$796M$714M$484M$421M$497M$382M$335M$301M$286M$256M$237M$214M$205M$192M$170M$135M$125M$27M
Gross Margin %70.4%67.9%66.4%100.0%95.2%93.8%82.9%89.2%92.7%94.0%92.4%92.8%89.2%87.6%83.8%83.7%77.0%71.1%66.0%65.2%28.3%
Operating Income (EBIT)$284M$267M$247M$315M$348M$157M$153M$218M$156M$135M$112M$92M$84M$67M$57M$63M$52M$30M$31M$37M$48M
Operating Margin %22.7%22.9%25.4%39.6%46.4%30.4%30.1%39.2%37.8%37.7%34.4%29.9%29.2%24.7%22.4%25.5%21.0%12.4%14.9%19.4%50.6%
Net Income$271M$205M$192M$240M$264M$121M$121M$165M$122M$87M$77M$65M$60M$50M$43M$45M$40M$23M$24M$28M$33M
Net Margin %21.6%17.6%19.7%30.1%35.2%23.4%23.9%29.7%29.5%24.4%23.5%21.1%20.9%18.6%16.7%18.5%16.1%9.6%11.7%14.8%34.9%
EBITDA$321M$306M$288M$315M$387M$189M$180M$238M$172M$150M$126M$104M$96M$75M$68M$72M$62M$35M$35M$43M$54M
Earnings Per Share (EPS)$5.54$4.15$4.52$5.42$5.69$3.47$3.64$5.03$4.40$3.19$2.90$2.50$2.49$2.18$1.95$2.12$1.90$1.17$1.52$2.00$2.17
Shares Outstanding (M)48M49M43M44M46M35M33M33M28M27M26M26M24M23M22M21M21M20M16M14M15M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

INDB Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$289M$290M$339M$335M$251M$243M$247M$249M
Gross Profit$211M$212M$254M$205M$173M$161M$167M$155M
Gross Margin %72.9%73.2%74.9%61.2%68.9%66.4%67.9%62.2%
Operating Income (EBIT)$71M$70M$100M$44M$66M$57M$63M$55M
Operating Margin %24.4%24.0%29.4%13.2%26.3%23.6%25.5%22.2%
Net Income$82M$80M$75M$34M$51M$44M$50M$43M
Net Margin %28.3%27.5%22.2%10.2%20.4%18.3%20.3%17.2%
EBITDA$84M$73M$107M$57M$75M$67M$72M$66M
Earnings Per Share (EPS)$1.70$1.63$1.52$0.69$1.20$1.04$1.18$1.01
Shares Outstanding (M)48M49M49M50M43M43M43M43M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

INDB Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Cash from Operations (CFO)$322M$251M$230M$277M$421M$190M$65M$217M$142M$131M$93M$90M$90M$141M$44M$56M$47M$31M$22M$38M$33M
Capital Expenditures (CapEx)$22M$12M$20M$16M$22M$25M$13M$17M$11M$25M$10M$10M$8M$9M$6M$8M$7M$7M$8M$6M$4M
Free Cash Flow (FCF)$300M$239M$209M$261M$399M$165M$52M$200M$131M$106M$83M$79M$83M$132M$38M$48M$40M$25M$14M$32M$29M
FCF Margin %
Dividends Paid$115M$104M$96M$98M$94M$63M$61M$53M$40M$34M$30M$26M$22M$15M$22M$16M$15M$15M$11M$9M$9M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

INDB Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$73M$117M$79M$52M$107M$13M$43M$70M
Capital Expenditures (CapEx)$6M$6M$3M$6M$4M$2M$6M$6M
Free Cash Flow (FCF)$67M$112M$76M$46M$103M$11M$37M$64M
FCF Margin %
Dividends Paid$31M$29M$29M$25M$25M$24M$24M$24M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

INDB Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-312014-12-312013-12-312012-12-312011-12-312010-12-312009-12-312008-12-312007-12-312006-12-31
Total Assets$25.0B$24.9B$19.4B$19.3B$19.3B$20.4B$13.2B$11.4B$8.9B$8.1B$7.7B$7.2B$6.4B$6.1B$5.8B$5.0B$4.7B$4.5B$3.6B$2.8B$2.8B
Cash & Cash Equivalents$252M$230M$220M$224M$353M$2.2B$1.3B$151M$250M$213M$289M$276M$178M$216M$215M$238M$161M$122M$50M$67M$63M
Total Liabilities$21.5B$21.3B$16.4B$16.5B$16.4B$17.4B$11.5B$303M$7.8B$7.1B$6.8B$6.4B$5.7B$5.5B$5.2B$4.5B$4.3B$4.1B$3.3B$2.5B$2.6B
Total Debt (Short + Long-Term)$918M$1.2B$1.4B$2.3B$127M$194M$232M$420M$259M$324M$335M$242M$419M$393M$478M$398M$542M$585M$656M$285M$331M
Total Shareholders' Equity$3.5B$3.6B$3.0B$2.9B$2.9B$3.0B$1.7B$11.1B$1.1B$944M$865M$771M$641M$592M$529M$469M$436M$413M$305M$220M$230M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive INDB viewer.

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