Independent Bank Corp/MA financials
$78.16−1.74%
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 | $1.17B | $980.8M | $920.3M | $757.5M | $521.1M | $512.5M | $562.3M | $412.2M | $360.2M | $329.1M |
| Gross profit | $857.5M | $689.7M | $731.1M | $727.9M | $507.4M | $478.1M | $508.4M | $386.7M | $341.9M | $310.3M |
| Gross margin | 73.2% | 70.3% | 79.4% | 96.1% | 97.4% | 93.3% | 90.4% | 93.8% | 94.9% | 94.3% |
| Operating income | $262.2M | $247.1M | $315.1M | $347.8M | $156.7M | $152.8M | $218.1M | $155.9M | $134.5M | $112.1M |
| Net income | $205.1M | $192.1M | $239.5M | $263.8M | $121.0M | $121.2M | $165.2M | $121.6M | $87.2M | $76.6M |
| Net margin | 17.5% | 19.6% | 26.0% | 34.8% | 23.2% | 23.6% | 29.4% | 29.5% | 24.2% | 23.3% |
| Diluted EPS | $4.44 | $4.52 | $5.42 | $5.69 | $3.47 | $3.64 | $5.03 | $4.40 | $3.19 | $2.90 |
| EBITDA | $318.7M | $254.9M | $322.0M | $362.5M | $203.2M | $163.1M | $250.9M | $169.4M | $140.6M | $118.0M |
| Operating cash flow | $251.2M | $229.9M | $277.0M | $421.2M | $190.2M | $64.6M | $216.5M | $135.5M | $130.9M | $93.3M |
| Free cash flow | $239.3M | $209.6M | $261.3M | $402.5M | $165.2M | $58.1M | $203.7M | $126.6M | $112.1M | $83.3M |
| Diluted shares | 46.2M | 42.5M | 44.2M | 46.4M | 34.9M | 33.3M | 32.9M | 27.7M | 27.4M | 26.5M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $229.8M | $187.8M | $178.9M | $175.8M | $141.6M | $169.5M |
| Short-term investments | $3.87B | $2.77B | $3.02B | $3.31B | $4.76B | $2.29B |
| Total debt | $775.9M | $701.4M | $1.22B | $113.4M | $152.4M | $181.1M |
| Total assets | $24.91B | $19.37B | $19.35B | $19.29B | $20.42B | $13.20B |
| Total liabilities | $21.35B | $16.38B | $16.45B | $16.41B | $17.40B | $11.50B |
| Shareholders' equity | $3.57B | $2.99B | $2.90B | $2.89B | $3.02B | $1.70B |
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