Independent Bank Income Statement (2010-2026) | INDB

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Income Statement	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025	Mar2026
Revenue & Cost
Provisions (Quarter)	-5.00M	-10.00M	35.70M	-2.00M		3.00M	5.50M	7.25M	5.00M	5.50M	5.50M	5.00M	4.25M	19.50M	7.50M	15.00M	7.20M	38.52M	4.75M	5.50M
Revenue (Quarter)	118.32M	116.55M	151.71M	163.70M	172.76M	190.80M	200.66M	187.24M	183.30M	183.42M	177.16M	167.38M	170.26M	175.25M	176.85M	178.04M	181.80M	243.74M	253.93M	252.72M
Interest income
Interest income - Loans (Quarter)	88.81M	0.19M	0.18M	129.62M	0.04M	0.05M	577.77M	170.93M	179.76M	0.06M	0.06M	0.10M	0.20M	200.60M	-590.38M	195.09M	197.78M	0.23M	265.58M	0.25M
Interest income - Investments (Quarter)
Interest Income - Debt Securities (Quarter)	7.18M	10.79M	8.87M	14.13M	16.23M	13.24M	22.57M	15.31M	13.35M	14.82M	11.48M	15.65M	13.52M	16.27M	14.80M	15.00M	15.88M	20.80M	8.48M	18.90M
Interest Income - Fed Funds (Quarter)	0.51M	0.81M	0.84M	0.89M	2.82M	6.52M	4.16M	0.67M	3.31M	0.91M	0.30M	0.48M	0.40M	1.64M	3.15M	1.44M	4.39M	7.25M	6.69M	3.66M
Interest Income - Total (Quarter)	96.70M	93.02M	125.92M	140.62M	148.12M	169.97M	184.13M	186.94M	198.69M	202.93M	207.17M	208.04M	211.86M	216.52M	216.32M	211.92M	218.19M	294.75M	297.54M	290.26M
Interest expenses
Interest Expense - Deposits (Quarter)	2.02M	1.63M	1.97M	2.11M	2.11M	6.11M	14.32M	22.68M	31.91M	40.71M	49.45M	54.32M	61.47M	66.98M	64.19M	59.44M	59.84M	80.74M	74.38M	66.94M
Interest Expense - Debt (Quarter)	1.33M	1.29M	0.54M	1.08M	1.15M	1.20M	1.11M	5.26M	14.24M	1.80M	-25.04M	16.29M	12.47M	7.84M	7.47M	6.98M	10.85M	10.67M	-7.20M	10.87M
Interest Expenses (Quarter)	3.35M	2.92M	3.39M	3.19M	3.26M	7.37M	15.77M	27.94M	46.15M	53.05M	62.07M	70.61M	73.94M	74.82M	71.66M	66.42M	70.70M	91.41M	85.05M	77.81M
Interest Income - Net (Quarter)	93.35M	90.09M	122.53M	137.43M	144.86M	162.60M	168.35M	159.00M	152.55M	149.88M	145.10M	137.44M	137.93M	141.70M	144.66M	145.50M	147.50M	203.34M	212.49M	212.46M
Non-interest income
Interest Income - Total (Quarter)	98.35M	100.09M	86.83M	139.43M	144.86M	159.60M	162.85M	151.75M	147.55M	144.38M	139.60M	132.44M	133.68M	122.20M	137.16M	130.50M	140.30M	164.82M	207.74M	206.96M
Financial Services Fees (Quarter)	8.87M	9.17M	8.96M	8.67M	9.33M	8.44M	10.39M	9.78M	10.35M	10.25M	9.82M	9.94M	10.99M	11.03M	10.78M	11.22M	11.38M	13.65M	13.79M	14.16M
Service Charges (Quarter)	3.82M	4.30M	5.04M	5.49M	5.83M	6.26M	5.79M	5.92M	5.51M	5.94M	6.13M	6.23M	6.33M	6.78M	7.12M	7.05M	7.14M	8.85M	9.10M	9.25M
Investment Gain (Loss) (Quarter)																		-0.06M	0.13M
Investment Banking Income (Quarter)	4.20M	4.90M	2.70M	0.60M	-0.28M	0.23M	0.01M	0.17M	0.17M	0.33M	0.32M	0.59M	0.95M	1.70M	0.90M	0.70M	0.83M	1.80M	1.80M	1.70M
Investment Advisory (Quarter)
Mortgage Banking (Quarter)	2.71M	2.83M	2.01M	1.36M	1.04M	0.58M	0.53M	0.31M	0.67M	0.74M	0.61M	0.80M	1.32M	0.97M	1.05M	0.74M	1.07M	1.44M	1.27M	1.27M
Card Income (Quarter)	3.07M	3.44M	3.76M	3.61M	4.03M	4.33M	4.28M	4.18M	4.48M	4.81M	4.64M	4.45M	4.75M	4.97M	4.88M	4.62M	5.00M	5.99M	5.38M	5.02M
Other Non-Interest Income (Quarter)	-0.48M	4.54M	8.48M	0.71M	0.54M	0.74M	-2.57M	2.61M	1.64M	6.02M	4.18M	0.88M	1.83M	6.66M	2.20M	41.40M	6.97M	2.67M	-41.60M	6.59M
Non-Interest Income (Quarter)	24.97M	26.46M	29.18M	26.27M	27.90M	28.20M	32.30M	28.24M	30.76M	33.54M	32.07M	29.94M	32.33M	33.55M	32.19M	32.54M	34.31M	40.40M	41.44M	40.26M
Operating Items
Amortization - Intangibles (Quarter)	1.31M	1.31M	1.68M	2.00M	1.90M	1.90M	1.85M	1.81M	1.72M	1.71M	1.64M	1.56M	1.47M	1.46M	1.42M	1.34M	1.20M	7.32M	7.05M	6.89M
Research & Development (Quarter)	1.69M	1.67M	1.88M	2.37M	2.25M	2.26M	2.44M	2.53M	2.53M	2.40M	2.42M	2.48M	2.40M	2.51M	2.56M	2.64M	2.78M	2.79M	2.97M	3.26M
Wages, Salaries and Other (Quarter)	42.63M	42.23M	-116.49M	48.71M	2.76M	52.71M	53.75M	56.98M	1.94M	54.80M	2.19M	57.17M	2.00M	60.11M	59.21M	61.93M	62.86M	81.13M	-199.31M	80.74M
Rent Expense (Quarter)	8.71M	8.56M	9.72M	13.30M	11.64M	12.32M	12.59M	12.82M	12.38M	12.32M	13.05M	13.47M	12.47M	12.73M	13.40M	13.86M	13.16M	14.97M	15.60M	17.31M
Restructuring Costs (Quarter)	1.73M	1.94M	37.17M	7.10M											1.90M	1.16M	2.24M	23.89M	12.35M	3.02M
Other Operating Expenses (Quarter)	61.18M	60.24M	68.36M	72.73M	76.68M	78.15M	79.84M	83.31M	80.64M	83.06M	85.27M	83.94M	84.74M	85.20M	88.56M	88.22M	90.62M	119.18M	123.45M	119.33M
Operating Expenses (Quarter)	73.30M	72.42M	117.13M	95.50M	90.56M	92.73M	94.87M	98.66M	95.56M	97.78M	100.75M	99.89M	99.61M	100.44M	106.42M	105.88M	108.80M	160.84M	154.37M	142.92M
EBIT (Quarter)	53.37M	57.05M	2.27M	73.39M	85.46M	102.44M	116.06M	109.27M	128.90M	133.19M	132.99M	133.10M	140.33M	130.13M	134.59M	123.58M	136.50M	135.80M	179.86M	182.11M
Non-operating items
Non Operating Investment Income (Quarter)
Other Non Operating Income (Quarter)	0.12M	0.59M	2.38M	0.60M	0.44M	0.47M	1.42M	0.41M	1.27M	0.84M	0.80M	0.08M	0.47M	1.12M	0.44M	1.04M	0.07M	1.22M	1.23M	0.91M
Net income details
EBT (Quarter)	50.02M	54.13M	-1.12M	70.20M	82.20M	95.07M	100.28M	81.33M	82.75M	80.14M	70.92M	62.49M	66.39M	55.31M	62.93M	57.17M	65.81M	44.39M	94.81M	104.30M
Tax Provisions (Quarter)	12.45M	14.12M	-2.82M	17.11M	20.42M	23.17M	23.24M	20.08M	20.10M	19.33M	16.11M	14.72M	15.06M	12.36M	12.90M	12.74M	14.71M	10.12M	19.48M	24.38M
Profit After Tax (Quarter)	37.57M	40.01M	1.70M	53.10M	61.78M	71.90M	77.04M	61.25M	62.64M	60.81M	54.80M	47.77M	51.33M	42.95M	50.03M	44.42M	51.10M	34.26M	75.33M	79.92M
Income from Continuing Operations (Quarter)	37.57M	40.01M	1.70M	53.10M	61.78M	71.90M	77.04M	61.25M	62.64M	60.81M	54.80M	47.77M	51.33M	42.95M	50.03M	44.42M	51.10M	34.26M	75.33M	79.92M
Consolidated Net Income (Quarter)	37.57M	40.01M	1.70M	53.10M	61.78M	71.90M	77.04M	61.25M	62.64M	60.81M	54.80M	47.77M	51.33M	42.95M	50.03M	44.42M	51.10M	34.26M	75.33M	79.92M
Income towards Parent Company (Quarter)	37.57M	40.01M	1.70M	53.10M	61.78M	71.90M	77.04M	61.25M	62.64M	60.81M	54.80M	47.77M	51.33M	42.95M	50.03M	44.42M	51.10M	34.26M	75.33M	79.92M
Net Income towards Common Stockholders (Quarter)	37.57M	40.01M	1.70M	53.10M	61.78M	71.90M	77.04M	61.25M	62.64M	60.81M	54.80M	47.77M	51.33M	42.95M	50.03M	44.42M	51.10M	34.26M	75.33M	79.92M
Additional items
EPS (Basic) (Quarter)	1.14	1.21	-0.14	1.12	1.32	1.57	1.68	1.36	1.42	1.38	1.26	1.12	1.21	1.01	1.18	1.04	1.20	0.69	1.56	1.63
EPS (Weighted Average and Diluted) (Quarter)	1.14	1.21	-0.14	1.12	1.32	1.57	1.69	1.36	1.42	1.38	1.26	1.12	1.21	1.01	1.18	1.04	1.20	0.69	1.56	1.63
Shares Outstanding (Weighted Average) (Quarter)	33.01M	33.04M	34.87M	47.37M	46.67M	46.62M	46.37M	45.00M	44.56M	44.42M	44.18M	42.55M	42.47M	42.48M	42.50M	42.55M	42.59M	49.93M	46.17M	48.97M
Shares Outstanding (Diluted Average) (Quarter)	0.03M	33.04M	34.89M	47.39M	46.68M	45.86M	0.02M	45.02M	0.01M	0.01M	44.19M	0.01M	0.00M	0.01M	0.01M	0.02M	0.02M	49.96M	0.02M	49.00M
EBITDA (Quarter)	53.37M	57.05M	2.27M	73.39M	85.46M	102.44M	116.06M	109.27M	128.90M	133.19M	132.99M	133.10M	140.33M	130.13M	134.59M	123.58M	136.50M	135.80M	179.86M	182.11M
Tax Rate (Quarter)	24.88%	26.09%	251.83%	24.37%	24.84%	24.37%	23.18%	24.69%	24.30%	24.12%	22.72%	23.56%	22.69%	22.35%	20.49%	22.29%	22.35%	22.81%	20.54%	23.38%

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Independent Bank Income Statement (2010-2026) | INDB

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Independent Bank Income Statement (2010-2026) | INDB

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