Independent Bank Corp. financials

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INDB CIK 0000776901

Source: EDGAR filings · Built 2026-06-02T03:19:10Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow 239.03M 209.49M 261.15M 399.13M 165.02M 52.05M
Net Debt 129.35M 1.94B 1.05B -178.85M -2.02B -1.06B
Return on Equity (ROE) 5.75% 6.42% 8.27% 9.14% 4.01% 7.12%
Return on Assets (ROA) 0.82% 0.99% 1.24% 1.37% 0.59% 0.92%
Debt-to-Equity 0.25× 0.72× 0.44× 0.06× 0.07× 0.14×
Effective Tax Rate 21.76% 22.27% 24.00% 24.14% 22.78% 20.72%
Cash Conversion Ratio 1.22× 1.20× 1.16× 1.60× 1.57× 0.53×
Accruals Ratio -0.00× -0.00× -0.00× -0.01× -0.00× 0.00×
CapEx Coverage 20.70× 11.25× 17.48× 19.08× 7.55× 5.14×
Free Cash Flow Per Share $5.17 $4.93 $5.91 $8.60 $4.73 $1.56

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 16.46× 14.20× 12.14× 14.84× 23.50× 20.07×
P/FCF 14.12× 13.03× 11.14× 9.81× 17.24× 46.71×
FCF Yield 7.08% 7.68% 8.98% 10.19% 5.80% 2.14%
P/B 1.01× 0.91× 0.97× 1.33× 1.28× 1.41×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Income Tax Expense (Benefit) 57.05M 55.05M 75.63M 83.94M 35.68M 31.67M
Net Income (Loss) Attributable to Parent 205.12M 192.08M 239.50M 263.81M 120.99M 121.17M
Earnings Per Share, Basic $4.44 $4.52 $5.42 $5.69 $3.47 $3.64
Weighted Average Number of Shares Outstanding, Basic 46.17M 42.50M 44.18M 46.37M 34.87M 33.26M
Earnings Per Share, Diluted $4.44 $4.52 $5.42 $5.69 $3.47 $3.64
Weighted Average Number of Shares Outstanding, Diluted 46.19M 42.51M 44.19M 46.39M 34.89M 33.29M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Assets 24.91B 19.37B 19.35B 19.29B 20.42B 13.20B
Long-term Debt — — — — 14.06M 32.77M
Long-term Debt, Excluding Current Maturities 359.35M 62.86M 112.84M 112.74M 126.71M 145.32M
Liabilities 21.35B 16.38B 16.45B 16.41B 17.40B 11.50B
Stockholders' Equity Attributable to Parent 3.57B 2.99B 2.90B 2.89B 3.02B 1.70B
Common Stock, Shares, Outstanding 49.24M 42.50M 42.87M 45.64M 47.35M 32.97M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 251.16M 229.92M 276.99M 421.20M 190.22M 64.64M
Payments to Acquire Property, Plant, and Equipment 12.13M 20.43M 15.84M 22.07M 25.20M 12.59M
Net Cash Provided by (Used in) Investing Activities 5.05M -33.01M -211.65M -1.00B -63.14M -488.21M
Payments for Repurchase of Common Stock 60.85M 30.99M 188.91M 139.95M 0 95.09M
Net Cash Provided by (Used in) Financing Activities 295.80M -201.35M -193.95M -1.31B 816.96M 1.57B

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (INDB CIK 0000776901), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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