Independent Bank Balance Sheet
NASDAQ: INDBFinanceMajor BanksUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Independent Bank financial position
At the end of fiscal 2025, Independent Bank reported total assets of $24.91 billion, up 28.6% from a year earlier against total liabilities of $21.35 billion. Shareholders' equity stood at $3.57 billion, or 14.3% of assets. The company held $229.8 million in cash and equivalents against $359.3 million of debt, a net debt position of $129.6 million.
Debt-to-equity was 0.10.
Summary generated from market data by MetaCap's automated system. Methodology
Independent Bank balance sheet (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 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | 229.77M | 187.85M | 178.86M | 175.84M | 141.58M | 169.46M | 114.69M | 127.50M | 103.48M | 97.20M |
| Property, Plant & Equipment | 218.19M | 193.32M | 193.05M | 196.50M | 195.59M | 116.39M | 123.67M | 97.58M | 94.72M | 78.48M |
| Goodwill | 1.09B | 985.07M | 985.07M | 985.07M | 985.07M | 506.21M | 506.21M | 506.21M | 256.11M | 221.53M |
| Intangible Assets | 133.58M | 12.28M | 18.19M | 25.07M | 32.77M | 23.11M | 29.29M | 15.25M | 9.34M | 9.85M |
| Total Assets | 24.91B | 19.37B | 19.35B | 19.29B | 20.42B | 13.20B | 11.40B | 8.85B | 8.08B | 7.71B |
| Short-Term Debt | — | — | — | — | — | — | 50.00M | 0 | — | — |
| Long-Term Debt | 359.35M | 62.86M | 112.84M | 112.74M | 126.71M | 145.32M | 187.35M | 110.90M | 107.75M | 107.74M |
| Total Liabilities | 21.35B | 16.38B | 16.45B | 16.41B | 17.40B | 11.50B | 9.69B | 7.78B | 7.14B | 6.84B |
| Shareholders' Equity | 3.57B | 2.99B | 2.90B | 2.89B | 3.02B | 1.70B | 1.71B | 1.07B | 943.81M | 864.69M |
| Retained Earnings | 1.27B | 1.17B | 1.08B | 934.44M | 766.72M | 716.02M | 654.18M | 546.74M | 465.94M | 414.10M |
| Total Debt | 359.35M | 62.86M | 112.84M | 112.74M | 126.71M | 145.32M | 237.35M | 110.90M | 107.75M | 107.74M |
| Net Cash (Debt) | -129.57M | 124.99M | 66.02M | 63.10M | 14.87M | 24.14M | -122.67M | 16.60M | -4.27M | -10.55M |
| Shares Outstanding | 49.24M | 42.50M | 42.87M | 45.64M | 47.35M | 32.97M | 34.38M | — | — | — |
This table shows 10 annual periods of Independent Bank's balance sheet, from FY 2025 back to FY 2015, across 13 line items including cash & equivalents, property, plant & equipment, goodwill. Values in USD; B = billions, M = millions. Fiscal periods follow INDB's reporting calendar. What is a balance sheet?