Independent Bank Financial Statements
NASDAQ: INDBFinanceMajor BanksUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Independent Bank revenue and earnings
In fiscal 2025, Independent Bank generated $857.5 million in revenue, up 24.3% from fiscal 2024. Net income was $205.1 million (+6.8% year over year), for a net margin of 23.9% versus a median of 27.8% in the prior 5 years. Diluted earnings per share came in at $4.44, down from $4.52.
Over the last 5 fiscal years, INDB's revenue has grown at a 12.3% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Independent Bank income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20152016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 857.52M | 689.74M | 731.13M | 727.92M | 507.41M | 479.17M | 508.43M | 386.67M | 341.85M | 310.27M |
| Revenue growth (YoY) | +24.32% | -5.66% | +0.44% | +43.46% | +5.89% | -5.76% | +31.49% | +13.11% | +10.18% | +6.69% |
| Operating Expenses | 529.88M | 406.37M | 392.75M | 373.66M | 332.53M | 273.83M | 284.32M | 225.97M | 204.36M | 192.12M |
| Interest Expense | 313.57M | 291.02M | 189.21M | 29.59M | 13.72M | 34.34M | 53.88M | 25.54M | 18.33M | 18.79M |
| Pretax Income | 262.17M | 247.13M | 315.13M | 347.75M | 156.68M | 152.84M | 218.11M | 155.93M | 134.54M | 112.08M |
| Income Tax | 57.05M | 55.05M | 75.63M | 83.94M | 35.68M | 31.67M | 52.93M | 34.30M | 47.34M | 35.43M |
| Net Income | 205.12M | 192.08M | 239.50M | 263.81M | 120.99M | 121.17M | 165.18M | 121.62M | 87.20M | 76.65M |
| Net Income growth (YoY) | +6.79% | -19.80% | -9.22% | +118.04% | -0.14% | -26.64% | +35.81% | +39.47% | +13.77% | +17.99% |
| EPS (Basic) | 4.44 | 4.52 | 5.42 | 5.69 | 3.47 | 3.64 | 5.03 | 4.41 | 3.19 | 2.90 |
| EPS (Diluted) | 4.44 | 4.52 | 5.42 | 5.69 | 3.47 | 3.64 | 5.03 | 4.40 | 3.19 | 2.90 |
| Shares Outstanding (Basic) | 46.17M | 42.50M | 44.18M | 46.37M | 34.87M | 33.26M | 32.81M | 27.59M | 27.29M | 26.40M |
| Shares Outstanding (Diluted) | 46.19M | 42.51M | 44.19M | 46.39M | 34.89M | 33.29M | 32.86M | 27.65M | 27.37M | 26.46M |
| Net Margin | 23.92% | 27.85% | 32.76% | 36.24% | 23.85% | 25.29% | 32.49% | 31.45% | 25.51% | 24.70% |
This table shows 10 annual periods of Independent Bank's income statement, from FY 2025 back to FY 2015, across 11 line items including revenue, operating expenses, interest expense. Values in USD; B = billions, M = millions. Fiscal periods follow INDB's reporting calendar. What is a income statement?