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Stocks · Financials · State Commercial Banks

INDEPENDENT BANK CORP

INDB Clue Score47
United States Fiscal year ends December CIK 0000776901
$77.02 -0.13% Close, 9 Oct 2026
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Price $77.02 −5.74% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
Net income
Fiscal year 2016Net income0.08EPS, diluted2.90Fiscal year 2017Net income0.09 +13.8%EPS, diluted3.19 +10.0%Fiscal year 2018Net income0.12 +39.5%EPS, diluted4.40 +37.9%Fiscal year 2019Net income0.17 +35.8%EPS, diluted5.03 +14.3%Fiscal year 2020Net income0.12 −26.6%EPS, diluted3.64 −27.6%Fiscal year 2021Net income0.12 −0.1%EPS, diluted3.47 −4.7%Fiscal year 2022Net income0.26 +118.0%EPS, diluted5.69 +64.0%Fiscal year 2023Net income0.24 −9.2%EPS, diluted5.42 −4.7%Fiscal year 2024Net income0.19 −19.8%EPS, diluted4.52 −16.6%Fiscal year 2025Net income0.21 +6.8%EPS, diluted4.44 −1.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Net income 0.08 0.09 0.12 0.17 0.12 0.12 0.26 0.24 0.19 0.21
Growth +13.8% +39.5% +35.8% −26.6% −0.1% +118.0% −9.2% −19.8% +6.8%
EPS, diluted 2.90 3.19 4.40 5.03 3.64 3.47 5.69 5.42 4.52 4.44
Growth +10.0% +37.9% +14.3% −27.6% −4.7% +64.0% −4.7% −16.6% −1.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow0.09Capital expenditure−0.01Free cash flow0.08Dividends paid−0.03Fiscal year 2017Operating cash flow0.13Capital expenditure−0.03Free cash flow0.11 +28.3%Dividends paid−0.03Fiscal year 2018Operating cash flow0.14Capital expenditure−0.01Free cash flow0.13 +23.5%Buybacks0.00Dividends paid−0.04Fiscal year 2019Operating cash flow0.22Capital expenditure−0.02Free cash flow0.20 +52.9%Buybacks0.00Dividends paid−0.05Fiscal year 2020Operating cash flow0.06Capital expenditure−0.01Free cash flow0.05 −74.0%Buybacks−0.10Dividends paid−0.06Fiscal year 2021Operating cash flow0.19Capital expenditure−0.03Free cash flow0.17 +217.0%Buybacks0.00Dividends paid−0.06Fiscal year 2022Operating cash flow0.42Capital expenditure−0.02Free cash flow0.40 +141.9%Buybacks−0.14Dividends paid−0.09Fiscal year 2023Operating cash flow0.28Capital expenditure−0.02Free cash flow0.26 −34.6%Buybacks−0.19Dividends paid−0.10Fiscal year 2024Operating cash flow0.23Capital expenditure−0.02Free cash flow0.21 −19.8%Buybacks−0.03Dividends paid−0.10Fiscal year 2025Operating cash flow0.25Capital expenditure−0.01Free cash flow0.24 +14.1%Buybacks−0.06Dividends paid−0.10
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 0.09 0.13 0.14 0.22 0.06 0.19 0.42 0.28 0.23 0.25
Capital expenditure −0.01 −0.03 −0.01 −0.02 −0.01 −0.03 −0.02 −0.02 −0.02 −0.01
Free cash flow 0.08 0.11 0.13 0.20 0.05 0.17 0.40 0.26 0.21 0.24
Growth +28.3% +23.5% +52.9% −74.0% +217.0% +141.9% −34.6% −19.8% +14.1%
Buybacks n/a n/a 0.00 0.00 −0.10 0.00 −0.14 −0.19 −0.03 −0.06
Dividends paid −0.03 −0.03 −0.04 −0.05 −0.06 −0.06 −0.09 −0.10 −0.10 −0.10

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Total debt0.11Shareholders’ equity0.86Debt to equity0.12Fiscal year 2017Total debt0.11Shareholders’ equity0.94Debt to equity0.11Fiscal year 2018Total debt0.11Shareholders’ equity1.07Debt to equity0.10Fiscal year 2019Cash0.15Total debt0.19Net cash (debt)−0.04Shareholders’ equity1.71Debt to equity0.11Fiscal year 2020Cash1.30Total debt0.15Net cash (debt)1.15Shareholders’ equity1.70Debt to equity0.09Fiscal year 2021Cash2.24Total debt0.13Net cash (debt)2.11Shareholders’ equity3.02Debt to equity0.04Fiscal year 2022Cash0.35Total debt0.11Net cash (debt)0.24Shareholders’ equity2.89Debt to equity0.04Fiscal year 2023Cash0.22Total debt0.11Net cash (debt)0.11Shareholders’ equity2.90Debt to equity0.04Fiscal year 2024Cash0.22Total debt0.06Net cash (debt)0.16Shareholders’ equity2.99Debt to equity0.02Fiscal year 2025Cash0.77Total debt0.36Net cash (debt)0.41Shareholders’ equity3.57Debt to equity0.10
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash n/a n/a n/a 0.15 1.30 2.24 0.35 0.22 0.22 0.77
Total debt 0.11 0.11 0.11 0.19 0.15 0.13 0.11 0.11 0.06 0.36
Net cash (debt) n/a n/a n/a −0.04 1.15 2.11 0.24 0.11 0.16 0.41
Shareholders’ equity 0.86 0.94 1.07 1.71 1.70 3.02 2.89 2.90 2.99 3.57
Debt to equity 0.12 0.11 0.10 0.11 0.09 0.04 0.04 0.04 0.02 0.10

In billions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Spending
31.6% 35.2% 22.0% 24.3% 20.7% 22.8% 24.1% 24.0% 22.3% 21.8%
Returns
8.9% 9.2% 11.3% 9.7% 7.1% 4.0% 9.1% 8.3% 6.4% 5.8%
1.0% 1.1% 1.4% 1.4% 0.9% 0.6% 1.4% 1.2% 1.0% 0.8%
Balance and payout
0.12 0.11 0.10 0.11 0.09 0.04 0.04 0.04 0.02 0.10
88.8% 88.3% 87.9% 85.0% 87.1% 85.2% 85.0% 85.0% 84.6% 85.7%
38.8% 39.0% 33.0% 32.3% 50.2% 51.9% 35.5% 40.9% 50.1% 50.7%
36.0% 32.2% 30.7% 26.6% 299.6% 38.0% 58.5% 109.9% 60.7% 68.9%