Independent Bank Corp.
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company accepts interest che…
Banks - Regional
US, Rockland [HQ]
INDB/Financial Reporting
Income Statements
Profit & Loss · 15 Statements · From 2023 to 2009Configuration
In Million USD. Margins, Growth Rates In %
| Metric | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 188.00 | 210.00 | 219.00 | 234.00 | 249.00 | 264.00 | 289.00 | 310.00 | 341.00 | 386.00 | 508.00 | 477.00 | 507.00 | 727.00 | 795.00 | |
|
EPS
|
0.88 | 1.90 | 2.12 | 1.96 | 2.18 | 2.50 | 2.51 | 2.90 | 3.19 | 4.41 | 5.03 | 3.64 | 3.47 | 5.69 | 5.42 | |
| Diluted in mil. | 0.88 | 1.90 | 2.12 | 1.95 | 2.18 | 2.49 | 2.50 | 2.90 | 3.19 | 4.40 | 5.03 | 3.64 | 3.47 | 5.69 | 5.42 | |
|
Profit
|
188.00 | 210.00 | 219.00 | 234.00 | 249.00 | 264.00 | 289.00 | 310.00 | 341.00 | 383.00 | 508.00 | 477.00 | 507.00 | 727.00 | 795.00 | |
| Gross Margin | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | 99.11 | 100.00 | 100.00 | 100.00 | 100.00 | 100.00 | |
| Pre Tax | 29.00 | 52.00 | 62.00 | 57.00 | 66.00 | 83.00 | 92.00 | 112.00 | 134.00 | 155.00 | 218.00 | 152.00 | 156.00 | 347.00 | 315.00 | |
| Profit Margin | 15.74 | 24.88 | 28.48 | 24.40 | 26.71 | 31.62 | 31.83 | 36.13 | 39.36 | 40.33 | 42.90 | 32.01 | 30.88 | 47.77 | 39.60 | |
| ETR | 22.69 | 23.30 | 27.40 | 25.61 | 24.70 | 28.54 | 29.53 | 31.61 | 35.19 | 22.00 | 24.27 | 20.72 | 22.78 | 24.14 | 24.00 | |
| Net | 22.00 | 40.00 | 45.00 | 42.00 | 50.00 | 59.00 | 64.00 | 76.00 | 87.00 | 121.00 | 165.00 | 121.00 | 120.00 | 263.00 | 239.00 | |
| Profit Margin | 12.17 | 19.08 | 20.67 | 18.15 | 20.12 | 22.59 | 22.43 | 24.71 | 25.51 | 31.45 | 32.49 | 25.38 | 23.85 | 36.24 | 30.10 | |
| EBITDA | 87.00 | 101.00 | 100.00 | 90.00 | 98.00 | 115.00 | 125.00 | 145.00 | 168.00 | 197.00 | 237.00 | 180.00 | 189.00 | 377.00 | 315.00 | |
| EBITDA Margin | 46.31 | 47.95 | 45.91 | 38.71 | 39.45 | 43.48 | 43.19 | 46.81 | 49.31 | 51.07 | 46.72 | 37.72 | 37.35 | 51.84 | 39.60 | |
| Operating Income | 81.00 | 91.00 | 91.00 | 80.00 | 90.00 | 104.00 | 112.00 | 130.00 | 152.00 | 181.00 | 218.00 | 152.00 | 156.00 | 338.00 | 315.00 | |
| Operating Margin | 43.27 | 43.26 | 41.52 | 34.37 | 36.05 | 39.33 | 38.95 | 42.18 | 44.72 | 46.93 | 42.90 | 32.01 | 30.88 | 46.51 | 39.60 | |
| Interest Income | 173.00 | 178.00 | 195.00 | 196.00 | 205.00 | 216.00 | 235.00 | 246.00 | 277.00 | 323.00 | 447.00 | 402.00 | 415.00 | 642.00 | 124.00 | |
| Loss | -79.00 | -87.00 | -128.00 | -154.00 | -4.00 | -160.00 | -176.00 | -179.00 | -188.00 | -201.00 | -290.00 | -324.00 | -350.00 | -389.00 | -480.00 | |
| Cost of Revenue | - - | - - | - - | - - | - - | - - | - - | - - | - - | -3.00 | - - | - - | - - | - - | - - | |
|
Operating Expenses
|
-79.00 | -87.00 | -128.00 | -154.00 | -4.00 | -160.00 | -176.00 | -179.00 | -188.00 | -201.00 | -290.00 | -324.00 | -350.00 | -389.00 | -480.00 | |
| R&D | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | - - | |
| G&A | -81.00 | -88.00 | -89.00 | -91.00 | -98.00 | -102.00 | -113.00 | -116.00 | -124.00 | -132.00 | -157.00 | -161.00 | -183.00 | -211.00 | -234.00 | |
| SG&A | -81.00 | -88.00 | -89.00 | -91.00 | -98.00 | -102.00 | -113.00 | -116.00 | -124.00 | -132.00 | -157.00 | -161.00 | -183.00 | -211.00 | -234.00 | |
| S&M | -2.00 | -2.00 | -3.00 | -3.00 | -4.00 | -3.00 | -4.00 | -5.00 | -4.00 | -4.00 | -5.00 | -4.00 | -4.00 | - - | - - | |
| Depreciation and Amortization | -5.00 | -9.00 | -9.00 | -10.00 | -8.00 | -11.00 | -12.00 | -14.00 | -15.00 | -15.00 | -19.00 | -27.00 | -32.00 | -38.00 | -25.00 | |
| Interest Expenses | -51.00 | -38.00 | -28.00 | -23.00 | -23.00 | -20.00 | -20.00 | -18.00 | -18.00 | -25.00 | -53.00 | -34.00 | -13.00 | -29.00 | -189.00 | |
| Other Expenses | -51.00 | -38.00 | -28.00 | -23.00 | -23.00 | -20.00 | -20.00 | -18.00 | -18.00 | -25.00 | -218.00 | -152.00 | -156.00 | -9.00 | -315.00 | |
|
WA Shares Outstanding
|
19.00 | 21.00 | 21.00 | 21.00 | 23.00 | 23.00 | 25.00 | 26.00 | 27.00 | 27.00 | 32.00 | 33.00 | 34.00 | 46.00 | 44.00 | |
| Diluted | 19.00 | 21.00 | 21.00 | 21.00 | 23.00 | 23.00 | 25.00 | 26.00 | 27.00 | 27.00 | 32.00 | 33.00 | 34.00 | 46.00 | 44.00 |