Independent Bank financials
$35.35−0.67%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $315.4M | $323.1M | $290.4M | $230.9M | $214.7M | $220.6M | $196.7M | $412.2M | $360.2M | $329.1M |
| Gross profit | $225.7M | $222.6M | $207.0M | $211.5M | $206.4M | $204.4M | $170.3M | $386.7M | $341.9M | $310.3M |
| Gross margin | 71.6% | 68.9% | 71.3% | 91.6% | 96.1% | 92.6% | 86.6% | 93.8% | 94.9% | 94.3% |
| Operating income | $81.3M | $83.0M | $73.7M | $77.8M | $77.3M | $69.5M | $57.8M | $155.9M | $134.5M | $112.1M |
| Net income | $68.5M | $66.8M | $59.1M | $63.4M | $62.9M | $56.2M | $46.4M | $121.6M | $87.2M | $76.6M |
| Net margin | 21.7% | 20.7% | 20.3% | 27.4% | 29.3% | 25.5% | 23.6% | 29.5% | 24.2% | 23.3% |
| Diluted EPS | $3.27 | $3.16 | $2.79 | $2.97 | $2.88 | $2.53 | $2.00 | $4.40 | $3.19 | $2.90 |
| EBITDA | $81.3M | $83.0M | $73.7M | $77.8M | $77.3M | $69.5M | $57.8M | $169.4M | $140.6M | $118.0M |
| Operating cash flow | $76.7M | $63.2M | $75.6M | $94.6M | $110.2M | $58.7M | $34.5M | $135.5M | $130.9M | $93.3M |
| Free cash flow | $70.2M | $56.2M | $71.2M | $90.8M | $104.4M | $55.4M | $29.6M | $126.6M | $112.1M | $83.3M |
| Diluted shares | 21.0M | 21.1M | 21.2M | 21.3M | 21.8M | 22.2M | 23.2M | 27.7M | 27.4M | 26.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $52.2M | $57.0M | $68.2M | $70.2M | $51.1M | $56.0M |
| Short-term investments | $909.7M | $977.6M | $1.15B | $1.18B | $1.49B | $1.15B |
| Total debt | $116.9M | $124.4M | $129.3M | $165.1M | $109.0M | $108.8M |
| Total assets | $5.51B | $5.34B | $5.26B | $5.00B | $4.70B | $4.20B |
| Total liabilities | $5.00B | $4.88B | $4.86B | $4.65B | $4.31B | $3.81B |
| Shareholders' equity | $503.0M | $454.7M | $404.4M | $347.6M | $398.5M | $389.5M |
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