Independent Bank Corp.
INDB
NGS
Sector: Financial Services
Industry: Banks - Regional - US
56.87
USD
1.36
(2.45%)
Optionable: Yes Market Cap: 2,434 M 90-day average vol: 223,585
Previous close: 55.51 Open: 55.98 Bid: 55.54 Ask: 58.27
52 week range
43.28 91.65
Last updated: Thursday 30th November 2023
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INDB Income Statement
Annual
| Dec-13 | Dec-14 | Dec-15 | Dec-16 | Dec-17 | Dec-18 | Dec-19 | Dec-20 | Dec-21 | Dec-22 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Amortization | -4 M | -3 M | -5 M | -7 M | -8 M | 2 M | 6 M | 6 M | 6 M | 8 M |
| Amortization of intangibles | -2 M | -2 M | -3 M | -3 M | -3 M | -3 M | -7 M | 0.0 | ||
| Basic EPS from continuing operations | 2.18 | 2.5 | 2.51 | 2.9 | 3.19 | 4.41 | 5.03 | 3.64 | 3.47 | 5.69 |
| Basic EPS total | 2.18 | 2.5 | 2.51 | 2.9 | 3.19 | 4.41 | 5.03 | 3.64 | 3.47 | 5.69 |
| Basic weighted shares outstanding | 23 M | 24 M | 26 M | 26 M | 27 M | 28 M | 33 M | 33 M | 35 M | 46 M |
| CreditLossesProvision | 10 M | 10 M | 2 M | 6 M | 3 M | 5 M | 6 M | 53 M | 18 M | 7 M |
| Depreciation | -6 M | -7 M | -7 M | -7 M | -8 M | -9 M | -11 M | -13 M | -12 M | -18 M |
| Depreciation unreconciled | 2 M | 6 M | 6 M | 6 M | 8 M | |||||
| DepreciationAndAmortization | -6 M | -7 M | -7 M | -7 M | -8 M | 2 M | 6 M | 6 M | 6 M | 8 M |
| Diluted EPS total | 2.18 | 2.49 | 2.5 | 2.9 | 3.19 | 4.4 | 5.03 | 3.64 | 3.47 | 5.69 |
| Diluted normalized net income/share | 2.18 | 2.49 | 2.5 | 2.9 | 3.19 | 4.4 | 5.03 | 3.64 | 3.47 | 5.69 |
| Diluted weighted shares outstanding | 76764.0 | 93815.0 | 68566.0 | 51847.0 | 78076.0 | 61428.0 | 45801.0 | 25646.0 | 16484.0 | 17938.0 |
| Dividends paid per share | 0.88 | 0.96 | 1.04 | 1.16 | 1.28 | 1.52 | 1.76 | 1.84 | 1.92 | 2.08 |
| FeesAndCommissions | 24 M | 20 M | 21 M | 22 M | 24 M | 26 M | 29 M | 29 M | 35 M | 37 M |
| GeneralAndAdministrativeExpense | 36 M | 39 M | 40 M | 38 M | 36 M | 37 M | 44 M | 42 M | 41 M | 60 M |
| ImpairmentOfCapitalAssets | -850000.0 | -2 M | -10 M | -16000.0 | 0.0 | 4 M | ||||
| Income before tax | 67 M | 84 M | 92 M | 112 M | 135 M | 156 M | 218 M | 153 M | 157 M | 348 M |
| Income restructuring and M&A | 9 M | 1 M | 11 M | 5 M | 3 M | 11 M | 26 M | 0.0 | 41 M | 7 M |
| Income taxes | 20 M | 28 M | 31 M | 39 M | 50 M | 37 M | 54 M | 34 M | 40 M | 91 M |
| InsuranceAndClaims | 36 M | 39 M | 40 M | 38 M | 36 M | 37 M | 44 M | 42 M | 41 M | 60 M |
| Interest expense | -23 M | -20 M | -21 M | -19 M | -18 M | -26 M | -54 M | -34 M | -14 M | -30 M |
| InterestExpenseForDeposit | 11 M | 11 M | 12 M | 11 M | 13 M | 20 M | 41 M | 27 M | 8 M | 25 M |
| InterestExpenseForFederalFundsSoldAndSecuritiesPurchaseUnderAgreementsToResell | 0.0 | 0.0 | 0.0 | |||||||
| InterestExpenseForLongTermDebt | -7 M | -6 M | -7 M | -6 M | -4 M | -4 M | -8 M | -5 M | -4 M | -5 M |
| InterestExpenseForLongTermDebtAndCapitalSecurities | -7 M | -6 M | -7 M | -6 M | -4 M | -4 M | -8 M | -5 M | -4 M | -5 M |
| InterestExpenseForShortTermDebt | 13 M | 9 M | 9 M | 8 M | 6 M | 6 M | 13 M | 7 M | 5 M | 5 M |
| InterestIncome | 206 M | 216 M | 236 M | 247 M | 277 M | 324 M | 447 M | 402 M | 415 M | 643 M |
| InterestIncomeAfterProvisionForLoanLoss | 162 M | 175 M | 212 M | 216 M | 253 M | 289 M | 381 M | 263 M | 365 M | 600 M |
| InterestIncomeFromFederalFundsSoldAndSecuritiesPurchaseUnderAgreementsToResell | 200000.0 | 279000.0 | 349000.0 | 1 M | 1 M | 3 M | 2 M | 847000.0 | 2 M | 14 M |
| InterestIncomeFromInvestmentSecurities | 15 M | 19 M | 20 M | 21 M | 23 M | 27 M | 32 M | 30 M | 30 M | 50 M |
| InterestIncomeFromLeases | 939000.0 | 1 M | 0.0 | |||||||
| InterestIncomeFromLoans | 191 M | 197 M | 215 M | 224 M | 253 M | 294 M | 412 M | 371 M | 382 M | 578 M |
| InterestIncomeFromLoansAndLease | 191 M | 197 M | 215 M | 224 M | 253 M | 294 M | 412 M | 371 M | 382 M | 578 M |
| InterestIncomeFromSecurities | 15 M | 19 M | 20 M | 21 M | 23 M | 27 M | 32 M | 30 M | 30 M | 50 M |
| Net income from total operations | 50 M | 60 M | 65 M | 77 M | 87 M | 122 M | 165 M | 123 M | 121 M | 264 M |
| NetIncomeCommonStockholders | 50 M | 57 M | 65 M | 77 M | 87 M | 122 M | 165 M | 123 M | 121 M | 264 M |
| NetIncomeContinuousOperations | 50 M | 60 M | 65 M | 77 M | 87 M | 122 M | 165 M | 123 M | 121 M | 264 M |
| NetInterestIncome | 172 M | 186 M | 213 M | 222 M | 256 M | 293 M | 387 M | 315 M | 383 M | 607 M |
| NetOccupancyExpense | 20 M | 22 M | 23 M | 23 M | 25 M | 27 M | 33 M | 37 M | 36 M | 50 M |
| NonInterestExpense | -174 M | -172 M | -197 M | -192 M | -204 M | -226 M | -284 M | -274 M | -333 M | -374 M |
| NonInterestIncome | 68 M | 70 M | 76 M | 82 M | 83 M | 89 M | 115 M | 111 M | 106 M | 115 M |
| OccupancyAndEquipment | 20 M | 22 M | 23 M | 23 M | 25 M | 27 M | 33 M | 37 M | 36 M | 50 M |
| Other special charges | -11 M | -17 M | -15 M | -17 M | ||||||
| OtherCustomerServices | 17 M | 20 M | 21 M | 22 M | 24 M | 26 M | 29 M | 29 M | 35 M | 37 M |
| OtherGandA | 36 M | 39 M | 40 M | 38 M | 36 M | 37 M | 44 M | 42 M | 41 M | 60 M |
| OtherInterestExpense | -23 M | -20 M | -21 M | -19 M | -18 M | -26 M | -54 M | -34 M | -14 M | -30 M |
| OtherNonInterestExpense | 8 M | 7 M | 6 M | 5 M | 12 M | 13 M | 13 M | 19 M | 20 M | 28 M |
| OtherNonInterestIncome | 40 M | 48 M | 51 M | 54 M | 55 M | 60 M | 80 M | 72 M | 67 M | 75 M |
| ProfessionalExpenseAndContractServicesExpense | 3 M | 3 M | 4 M | 3 M | 4 M | 4 M | 5 M | 6 M | 8 M | 10 M |
| PromotionAndAdvertising | 4 M | 4 M | 5 M | 5 M | 5 M | 5 M | 5 M | 4 M | 4 M | |
| RentAndLandingFees | -8 M | -8 M | -8 M | -8 M | -9 M | 0.0 | ||||
| SalariesAndWages | 90 M | 94 M | 105 M | 109 M | 117 M | 124 M | 149 M | 152 M | 173 M | 205 M |
| SecuritiesActivities | 7 M | 0.0 | 874000.0 | 2 M | 514000.0 | 362000.0 | ||||
| Selling Gen & administrative expense | 131 M | 137 M | 150 M | 151 M | 157 M | 166 M | 199 M | 198 M | 217 M | 265 M |
| SellingAndMarketingExpense | 4 M | 4 M | 5 M | 5 M | 5 M | 5 M | 5 M | 4 M | 4 M | |
| Special income/charges | -16 M | -8 M | -16 M | -10 M | -15 M | -24 M | -40 M | -23 M | -61 M | -35 M |
| Total common shares outstanding | 24 M | 24 M | 26 M | 27 M | 28 M | 28 M | 34 M | 33 M | 47 M | 45 M |
| Total net income | 50 M | 60 M | 65 M | 77 M | 87 M | 122 M | 165 M | 123 M | 121 M | 264 M |
| Total ordinary shares | 44 M | 44 M | 44 M | 44 M | 44 M | 44 M | 44 M | 44 M | 44 M | 44 M |
| Total revenues | 240 M | 256 M | 289 M | 304 M | 339 M | 382 M | 502 M | 427 M | 489 M | 721 M |
| TotalRevenue | 240 M | 256 M | 289 M | 304 M | 339 M | 382 M | 502 M | 427 M | 489 M | 721 M |
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