Independent Bank Cash Flow Statement
NASDAQ: INDBFinanceMajor BanksUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Independent Bank free cash flow
In fiscal 2025, Independent Bank generated $251.2 million of operating cash flow and spent $12.1 million on capital expenditures. That left free cash flow of $239.0 million, a free-cash-flow margin of 27.9% of revenue. Free cash flow was up 14.1% from the prior year's $209.5 million.
Independent Bank returned $164.8 million to shareholders: $103.9 million in dividends and $60.8 million in share repurchases, equal to 69% of free cash flow. Free cash flow covered dividend payments 2.3 times.
Summary generated from market data by MetaCap's automated system. Methodology
Independent Bank cash flow 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 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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% |
| Depreciation & Amortization | 42.14M | 40.89M | 36.10M | 38.80M | 32.82M | 27.26M | 19.44M | 15.63M | 15.76M | 14.35M |
| Stock-Based Compensation | 8.98M | 6.52M | 6.38M | 4.46M | 4.31M | 4.12M | 4.40M | 4.22M | 3.33M | 2.96M |
| Change in Working Capital | 2.04M | -9.96M | 2.89M | 120.49M | 35.06M | -69.81M | -20.57M | 7.60M | 16.20M | -1.11M |
| Operating Cash Flow | 251.16M | 229.92M | 276.99M | 421.20M | 190.22M | 64.64M | 216.52M | 141.84M | 130.91M | 92.90M |
| Capital Expenditures | -12.13M | -20.43M | -15.84M | -22.07M | -25.20M | -12.59M | -16.58M | -11.11M | -25.08M | -10.39M |
| Investing Cash Flow | 5.05M | -33.01M | -211.65M | -1.00B | -63.14M | -488.21M | 20.16M | -387.51M | -316.77M | -238.89M |
| Dividends Paid | -103.90M | -96.20M | -98.01M | -93.73M | -62.74M | -60.84M | -53.27M | -40.17M | -34.05M | -29.71M |
| Share Repurchases | -60.85M | -30.99M | -188.91M | -139.95M | 0 | -95.09M | 0 | 0 | — | — |
| Debt Issued | — | — | — | — | — | — | 74.87M | 0 | 0 | — |
| Debt Repaid | — | — | 0 | -14.06M | -18.75M | -42.19M | — | — | — | -49.00M |
| Financing Cash Flow | 295.80M | -201.35M | -193.95M | -1.31B | 816.96M | 1.57B | -336.16M | 283.01M | 109.88M | 159.32M |
| Net Change in Cash | 552.01M | -4.44M | -128.60M | -1.89B | 944.05M | 1.15B | -99.48M | 37.34M | -75.98M | 13.33M |
| Free Cash Flow | 239.03M | 209.49M | 261.15M | 399.13M | 165.02M | 52.05M | 199.94M | 130.73M | 105.83M | 82.50M |
This table shows 10 annual periods of Independent Bank's cash flow statement, from FY 2025 back to FY 2015, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow INDB's reporting calendar. What is a cash flow statement?