Independent Bank financials
$35.35−0.67%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Quarter | Q2 '26 Jun 30 | Q1 '26 Mar 31 | Q4 '25 Dec 31 | Q3 '25 Sep 30 | Q2 '25 Jun 30 | Q1 '25 Mar 31 | Q4 '24 Dec 31 | Q3 '24 Sep 30 | Q2 '24 Jun 30 | Q1 '24 Mar 31 | Q4 '23 Dec 31 | Q3 '23 Sep 30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $82.6M | $78.2M | $79.4M | $81.2M | $78.2M | $76.6M | $86.1M | $77.8M | $81.5M | $77.7M | $74.5M | $78.0M |
| Gross profit | $63.2M | $58.9M | $58.3M | $57.3M | $55.9M | $54.1M | $62.0M | $51.4M | $56.5M | $52.8M | $49.2M | $55.0M |
| Gross margin | 76.5% | 75.3% | 73.5% | 70.5% | 71.5% | 70.7% | 72.0% | 66.0% | 69.3% | 67.9% | 66.1% | 70.5% |
| Operating income | $22.7M | $20.2M | $20.3M | $21.2M | $20.7M | $19.1M | $22.8M | $17.3M | $23.2M | $19.8M | $17.9M | $21.7M |
| Net income | $18.8M | $16.9M | $18.6M | $17.5M | $16.9M | $15.6M | $18.5M | $13.8M | $18.5M | $16.0M | $13.7M | $17.5M |
| Net margin | 22.8% | 21.6% | 23.4% | 21.5% | 21.6% | 20.4% | 21.4% | 17.7% | 22.7% | 20.6% | 18.5% | 22.5% |
| Diluted EPS | $0.90 | $0.81 | $0.89 | $0.84 | $0.81 | $0.74 | $0.87 | $0.65 | $0.88 | $0.76 | $0.65 | $0.83 |
| EBITDA | $23.1M | $20.5M | $20.3M | $21.2M | $20.7M | $19.1M | $22.8M | $17.3M | $23.2M | $19.8M | $17.9M | $21.7M |
| Operating cash flow | $20.3M | -$9.2M | $7.8M | $18.2M | $19.2M | $19.3M | $16.4M | $17.2M | $8.7M | $20.8M | $16.8M | $25.7M |
| Free cash flow | $16.7M | -$13.7M | $6.4M | $16.5M | $16.9M | $18.1M | $13.0M | $15.7M | $7.0M | $20.5M | $15.3M | $25.6M |
| Diluted shares | 20.8M | 20.8M | 20.9M | 20.9M | 20.9M | 21.2M | 21.1M | 21.1M | 21.1M | 21.1M | 21.0M | 21.1M |
Balance sheet
| Period end | Jun 30 | Mar 31 | Dec 31 | Sep 30 | Jun 30 | Mar 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $64.1M | $48.5M | $52.2M | $56.4M | $74.4M | $60.6M |
| Short-term investments | $902.9M | $927.8M | $909.7M | $994.4M | $928.7M | $949.8M |
| Total debt | $166.9M | $66.9M | $116.9M | $41.9M | $181.5M | $124.4M |
| Total assets | $5.66B | $5.56B | $5.51B | $5.49B | $5.42B | $5.33B |
| Total liabilities | $5.14B | $5.05B | $5.00B | $5.00B | $4.95B | $4.86B |
| Shareholders' equity | $528.4M | $510.6M | $503.0M | $490.7M | $469.3M | $467.3M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology