Independent Bank Corp. (INDB)

Nasdaq: INDB · State Commercial Banks · Rockland, MA · filing with the SEC since 1994

Grade5.5

◀ Past 7.3● Present 4.5▶ Future 4.1

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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars; share counts. The fiscal year ends in December.

Income statement, by fiscal year, newest first
Fiscal year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2015
Period ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018	Dec 31, 2017	Dec 31, 2016
Report filed	Feb 27, 2026	Feb 28, 2025	Feb 28, 2024	Feb 28, 2023	Feb 28, 2022	Feb 26, 2021	Feb 27, 2020	Feb 28, 2019	Feb 27, 2018	Feb 28, 2017
For lenders
Interest and dividend income	1,022,400	852,753	795,726	642,840	415,276	402,069	447,014	323,701	277,194	246,637
Interest expense on deposits and borrowings	313,569	291,024	189,205	29,591	·	·	·	·	·	·
Net interest income	708,831	561,729	606,521	613,249	401,559	367,728	393,135	298,165	258,860	227,844
Provision for credit losses	65,469	36,250	23,250	6,500	18,205	52,500	6,000	4,775	2,950	6,075
Net interest income after provision	643,362	525,479	583,271	606,749	383,354	315,228	387,135	293,390	255,910	221,769
Noninterest income	148,689	128,014	124,609	114,667	105,850	111,440	115,294	88,505	82,994	82,428
Noninterest expense	529,881	406,366	392,746	373,662	332,529	273,832	284,321	225,969	204,359	192,122
Interest expense	·	·	189,205	29,591	13,717	34,341	53,879	25,536	18,334	18,793
Income before income taxes	262,170	247,127	315,134	347,754	156,675	152,836	218,108	155,926	134,545	112,075
Income tax expense	57,048	55,046	75,632	83,941	35,683	31,669	52,933	34,304	47,341	35,427
Net income	205,122	192,081	239,502	263,813	120,992	121,167	165,175	121,622	87,204	76,648
Earnings per share, basic	4.44	4.52	5.42	5.69	3.47	3.64	5.03	4.41	3.19	2.90
Earnings per share, diluted	4.44	4.52	5.42	5.69	3.47	3.64	5.03	4.40	3.19	2.90
Weighted average shares, basic	46,169,692	42,499,492	44,181,540	46,372,051	34,872,034	33,259,643	32,810,433	27,592,380	27,294,028	26,404,071
Weighted average shares, diluted	46,191,082	42,511,801	44,193,547	46,389,989	34,888,518	33,285,289	32,856,234	27,653,808	27,372,104	26,455,918

As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. ^r restated by the company in a later report; ^b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.

What each line is, and the XBRL concept behind it

Interest and dividend income what its loans and securities earnedus-gaap:InterestAndDividendIncomeOperating

Interest expense on deposits and borrowings what it paid for the money it lendsus-gaap:InterestExpenseOperating

Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet

Provision for credit losses set aside for loans that may not be repaid

us-gaap:ProvisionForLoanLossesExpensed
us-gaap:ProvisionForLoanAndLeaseLosses

Net interest income after provision interest income left after the provisionus-gaap:InterestIncomeExpenseAfterProvisionForLoanLoss

Noninterest income fees and other income that is not interestus-gaap:NoninterestIncome

Noninterest expense salaries, buildings and the other costs of running the bankus-gaap:NoninterestExpense

Interest expense what its borrowing costus-gaap:InterestExpense

Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments

Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit

Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss

Earnings per share, basic net income per share outstandingus-gaap:EarningsPerShareBasic

Earnings per share, diluted net income per share, counting every share that could be issuedus-gaap:EarningsPerShareDiluted

Weighted average shares, basic the average count of shares outstandingus-gaap:WeightedAverageNumberOfSharesOutstandingBasic

Weighted average shares, diluted the average count with every share that could be issuedus-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

SI Assistanton INDB · research, not advice