INDB · XBRL financial data

Independent Bank financial statements, every fiscal year

The same tables from 6 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal years (INDB's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Interest expense	34	14	30	189	—	—
Income tax expense (benefit)	32	36	84	76	55	57
Net income (loss)	121	121	264	240	192	205
Earnings per share, basic USD per share	3.64	3.47	5.69	5.42	4.52	4.44
Earnings per share, diluted USD per share	3.64	3.47	5.69	5.42	4.52	4.44
Weighted average shares, basic millions of shares	33	35	46	44	42	46
Weighted average shares, diluted millions of shares	33	35	46	44	43	46

Fiscal years (INDB's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	1,297	2,241	353	224	220	772
Property and equipment, net	116	196	197	193	193	218
Right-of-use asset	50	60	59	54	55	73
Goodwill	506	985	985	985	985	1,091
Total assets	13,204	20,423	19,294	19,347	19,374	24,913
Total deposits	10,993	16,917	15,879	14,866	15,306	20,127
Long-term debt	145	127	113	113	63	359
Total liabilities	11,502	17,405	16,407	16,452	16,380	21,347
Retained earnings	716	767	934	1,077	1,173	1,269
Total stockholders' equity	1,703	3,018	2,887	2,895	2,993	3,566
Total liabilities and equity	13,204	20,423	19,294	19,347	19,374	24,913
Common shares outstanding (cover page) millions of shares	33	47	45	42	43	49

Fiscal years (INDB's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	121	121	264	240	192	205
Stock-based compensation	4	4	4	6	7	9
Net cash from operating activities	65	190	421	277	230	251
Purchases of property and equipment	13	25	22	16	20	12
Net cash from investing activities	(488)	(63)	(1,000)	(212)	(33)	5
Share repurchases	95	0	140	189	31	61
Dividends paid	61	63	94	98	96	104
Repayments of long-term debt	42	19	14	0	—	—
Net cash from financing activities	1,569	817	(1,308)	(194)	(201)	296
Net change in cash	1,146	944	(1,888)	(129)	(4)	552

SIC 6022 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 6022 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.
A cell reading “not reported” means the filings give no figure for that quarter alone.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Quarter
Independent Bank	1,001	not reported	73*	47.4M	Q2 FY26 10-QJun 30, 2026
Bank of Hawaii	442	not reported	99*	39.2M	Q3 FY26 10-QSep 30, 2026
Bancfirst	240	not reported	83*	33.6M	Q2 FY26 10-QJun 30, 2026
Park National	580	212	57*	18.1M	Q2 FY26 10-QJun 30, 2026
First Interstate Bancsystem	337	not reported	106*	92.6M	Q3 FY26 10-QSep 30, 2026
CVB Financial	1,104	not reported	388*	176.0M	Q2 FY26 10-QJun 30, 2026
Bancorp	80	not reported	35*	40.8M	Q2 FY26 10-QJun 30, 2026
Bok Financial	878	not reported	280*	60.8M	Q3 FY26 10-QSep 30, 2026
Seacoast Banking Corp of Florida	430	not reported	62*	96.8M	Q2 FY26 10-QJun 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.