Income Statement - INDEPENDENT BANK CORP (INDB)
$(Billion, Million)| Dec-25 | Dec-24 | Dec-23 | Dec-22 | Dec-21 | Dec-20 | Dec-19 | Dec-18 | Dec-17 | Dec-16 | Dec-15 | Dec-14 | Dec-13 | Dec-12 | Dec-11 | Dec-10 | Dec-09 | Dec-08 | Dec-07 | Dec-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 1,167.17 | 974.14 | 795.73 | 749.84 | 515.98 | 507.42 | 556.63 | 412.21 | 356.76 | 326.07 | 307.75 | 286.38 | 270.17 | 255.69 | 245.57 | 249.63 | 239.53 | 205.08 | 191.79 | 94.02 |
| Cost of revenue | 374.29 | 327.27 | 212.46 | 36.09 | 31.92 | 86.84 | 59.88 | 30.31 | 21.28 | 24.87 | 22.12 | 30.82 | 33.54 | 41.45 | 40.15 | 57.42 | 69.33 | 69.81 | 66.69 | 67.37 |
| Gross profit | 792.88 | 646.86 | 795.73 | 713.75 | 484.06 | 420.58 | 496.75 | 381.90 | 335.47 | 301.20 | 285.64 | 255.56 | 236.63 | 214.24 | 205.42 | 192.21 | 170.20 | 135.27 | 125.10 | 26.64 |
| Total operating expenses | 525.96 | 399.74 | -480.59 | 365.99 | 327.39 | 267.74 | 278.64 | 225.97 | 200.93 | 189.13 | 193.46 | 171.82 | 169.89 | 156.94 | 142.83 | 139.75 | 140.46 | 104.75 | 87.93 | -20.97 |
| Operating income | 266.92 | 247.13 | 315.13 | 347.75 | 156.68 | 152.84 | 218.11 | 155.93 | 134.55 | 112.08 | 92.18 | 83.74 | 66.74 | 57.30 | 62.58 | 52.47 | 29.74 | 30.52 | 37.17 | 47.61 |
| Non-operating income (net) | -4.75 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income before tax | 262.17 | 247.13 | 315.13 | 347.75 | 156.68 | 152.84 | 218.11 | 155.93 | 134.55 | 112.08 | 92.18 | 83.74 | 66.74 | 57.30 | 62.58 | 52.47 | 29.74 | 30.52 | 37.17 | 47.61 |
| Income tax expense | 57.05 | 55.05 | 75.63 | 83.94 | 35.68 | 31.67 | 52.93 | 34.30 | 47.34 | 35.43 | 27.22 | 23.90 | 16.48 | 14.67 | 17.15 | 12.23 | 6.75 | 6.55 | 8.79 | 14.76 |
| Net income | 205.12 | 192.08 | 239.50 | 263.81 | 120.99 | 121.17 | 165.18 | 121.62 | 87.20 | 76.65 | 64.96 | 59.85 | 50.25 | 42.63 | 45.44 | 40.24 | 22.99 | 23.96 | 28.38 | 32.85 |
Show Quarterly Income Statement
Income Statement - INDEPENDENT BANK CORP (INDB)
$(Billion, Million)| Mar-26 | Dec-25 | Sep-25 | Jun-25 | Mar-25 | Dec-24 | Sep-24 | Jun-24 | Mar-24 | Dec-23 | Sep-23 | Jun-23 | Mar-23 | Dec-22 | Sep-22 | Jun-22 | Mar-22 | Dec-21 | Sep-21 | Jun-21 | Mar-21 | Dec-20 | Sep-20 | Jun-20 | Mar-20 | Dec-19 | Sep-19 | Jun-19 | Mar-19 | Dec-18 | Sep-18 | Jun-18 | Mar-18 | Dec-17 | Sep-17 | Jun-17 | Mar-17 | Dec-16 | Sep-16 | Jun-16 | Mar-16 | Dec-15 | Sep-15 | Jun-15 | Mar-15 | Dec-14 | Sep-14 | Jun-14 | Mar-14 | Dec-13 | Sep-13 | Jun-13 | Mar-13 | Dec-12 | Sep-12 | Jun-12 | Mar-12 | Dec-11 | Sep-11 | Jun-11 | Mar-11 | Dec-10 | Sep-10 | Jun-10 | Mar-10 | Dec-09 | Sep-09 | Jun-09 | Mar-09 | Dec-08 | Sep-08 | Jun-08 | Mar-08 | Dec-07 | Sep-07 | Jun-07 | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total revenue | 290.27 | 338.98 | 335.15 | 250.52 | 242.52 | 246.58 | 249.46 | 242.59 | 235.51 | 236.94 | 234.15 | 227.23 | 213.01 | 214.32 | 196.23 | 174.16 | 165.13 | 153.65 | 118.13 | 120.50 | 123.70 | 123.24 | 125.48 | 128.16 | 132.02 | 142.78 | 151.44 | 149.33 | 113.08 | 110.38 | 106.14 | 101.05 | 93.61 | 95.86 | 91.56 | 88.68 | 83.32 | 85.19 | 81.17 | 81.51 | 78.87 | 77.15 | 79.48 | 78.15 | 72.99 | 73.73 | 71.47 | 70.02 | 70.50 | 69.25 | 67.63 | 66.70 | 65.87 | 68.42 | 64.02 | 62.71 | 61.15 | 62.70 | 61.25 | 62.95 | 61.56 | 63.51 | 62.24 | 62.26 | 60.90 | 61.56 | 63.20 | 66.03 | 53.88 | 49.14 | 53.80 | 52.22 | 49.32 | 48.66 | 47.57 | 47.64 | 47.92 | 48.93 | 49.86 | 48.43 | 47.12 |
| Cost of revenue | 77.81 | 85.05 | 129.93 | 77.90 | 81.42 | 79.16 | 94.32 | 78.19 | 75.61 | 67.57 | 58.55 | 51.15 | 35.19 | 21.27 | 10.37 | 3.26 | 1.19 | 39.10 | -7.08 | -1.65 | 1.55 | 5.36 | 14.54 | 28.87 | 38.08 | 17.71 | 15.03 | 17.13 | 10.02 | 8.82 | 7.72 | 8.00 | 5.78 | 6.34 | 4.71 | 5.43 | 4.81 | 8.68 | 5.59 | 5.23 | 5.38 | 5.48 | 5.98 | 5.97 | 4.68 | 6.76 | 6.71 | 7.48 | 9.88 | 8.82 | 8.48 | 8.98 | 7.26 | 10.29 | 9.32 | 14.30 | 7.54 | 10.33 | 9.26 | 10.88 | 9.69 | 12.16 | 12.89 | 17.08 | 15.29 | 16.61 | 17.13 | 18.17 | 17.42 | 20.56 | 16.23 | 16.37 | 16.66 | 17.02 | 15.88 | 16.75 | 17.03 | 18.97 | 17.51 | 15.75 | 15.15 |
| Gross profit | 212.46 | 253.93 | 205.22 | 172.62 | 161.11 | 167.42 | 155.14 | 164.40 | 159.90 | 169.37 | 175.60 | 176.09 | 177.82 | 193.05 | 185.86 | 170.90 | 163.94 | 114.55 | 125.20 | 122.16 | 122.15 | 117.88 | 110.94 | 99.29 | 93.94 | 125.07 | 136.41 | 132.21 | 103.06 | 101.56 | 98.42 | 93.06 | 87.83 | 89.52 | 86.85 | 83.25 | 78.51 | 76.51 | 75.58 | 76.28 | 73.49 | 71.66 | 73.49 | 72.18 | 68.31 | 66.98 | 64.76 | 62.54 | 60.62 | 60.43 | 59.15 | 57.72 | 58.62 | 58.14 | 54.69 | 48.41 | 53.60 | 52.37 | 51.99 | 52.07 | 51.87 | 51.35 | 49.35 | 45.17 | 45.61 | 44.95 | 46.07 | 47.86 | 36.46 | 28.57 | 37.58 | 35.85 | 32.66 | 31.64 | 31.69 | 30.89 | 30.89 | 29.96 | 32.35 | 32.68 | 31.98 |
| Total operating expenses | 142.91 | 154.37 | 160.84 | 106.81 | 103.94 | 104.49 | 99.83 | 98.01 | 97.41 | 98.45 | 95.46 | 93.34 | 96.49 | 92.76 | 90.79 | 88.70 | 93.74 | 115.68 | 71.07 | 72.14 | 68.50 | 72.69 | 64.87 | 66.61 | 65.04 | 63.23 | 67.53 | 91.57 | 56.31 | 63.37 | 55.44 | 52.69 | 53.45 | 52.54 | 50.32 | 51.96 | 48.77 | 51.64 | 45.31 | 46.40 | 46.45 | 43.94 | 47.03 | 47.51 | 54.98 | 44.80 | 42.61 | 41.86 | 41.89 | 47.06 | 39.19 | 40.68 | 42.25 | 45.04 | 39.40 | 36.30 | 36.80 | 36.95 | 35.42 | 36.86 | 36.48 | 35.96 | 34.54 | 34.93 | 33.59 | 33.29 | 37.45 | 46.56 | 28.31 | 26.59 | 25.46 | 28.06 | 24.03 | 22.01 | 21.21 | 23.27 | 21.45 | 18.26 | 19.97 | 20.65 | 20.47 |
| Operating income | 69.55 | 99.56 | 44.39 | 65.81 | 57.17 | 62.93 | 55.31 | 66.39 | 62.50 | 70.92 | 80.14 | 82.75 | 81.33 | 100.29 | 95.07 | 82.20 | 70.20 | -1.12 | 54.13 | 50.02 | 53.65 | 45.18 | 46.07 | 32.68 | 28.90 | 61.85 | 68.88 | 40.64 | 46.75 | 38.19 | 42.98 | 40.37 | 34.38 | 36.98 | 36.53 | 31.29 | 29.74 | 24.88 | 30.28 | 29.88 | 27.04 | 27.72 | 26.46 | 24.66 | 13.33 | 22.18 | 22.15 | 20.68 | 18.73 | 13.38 | 19.95 | 17.04 | 16.37 | 13.10 | 15.29 | 12.11 | 16.80 | 15.42 | 16.57 | 15.21 | 15.39 | 15.39 | 14.81 | 10.25 | 12.02 | 11.66 | 8.63 | 1.30 | 8.16 | 1.98 | 12.12 | 7.79 | 8.63 | 9.63 | 10.48 | 7.62 | 9.44 | 11.70 | 12.38 | 12.04 | 11.51 |
| Non-operating income (net) | 34.76 | -4.75 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Income before tax | 104.30 | 94.81 | 44.39 | 65.81 | 57.17 | 62.93 | 55.31 | 66.39 | 62.50 | 70.92 | 80.14 | 82.75 | 81.33 | 100.29 | 95.07 | 82.20 | 70.20 | -1.12 | 54.13 | 50.02 | 53.65 | 45.18 | 46.07 | 32.68 | 28.90 | 61.85 | 68.88 | 40.64 | 46.75 | 38.19 | 42.98 | 40.37 | 34.38 | 36.98 | 36.53 | 31.29 | 29.74 | 24.88 | 30.28 | 29.88 | 27.04 | 27.72 | 26.46 | 24.66 | 13.33 | 22.18 | 22.15 | 20.68 | 18.73 | 13.37 | 19.95 | 17.04 | 16.37 | 13.10 | 15.29 | 12.11 | 16.80 | 15.42 | 16.57 | 15.21 | 15.39 | 15.39 | 14.81 | 10.25 | 12.02 | 11.66 | 8.63 | 1.30 | 8.16 | 1.98 | 12.12 | 7.79 | 8.63 | 9.63 | 10.48 | 7.62 | 9.44 | 11.70 | 12.38 | 12.04 | 11.51 |
| Income tax expense | 24.38 | 19.48 | 10.13 | 14.71 | 12.74 | 12.90 | 12.36 | 15.06 | 14.73 | 16.11 | 19.33 | 20.10 | 20.08 | 23.24 | 23.17 | 20.42 | 17.11 | -2.82 | 14.12 | 12.45 | 11.94 | 10.54 | 11.20 | 7.78 | 2.15 | 14.37 | 17.04 | 10.01 | 11.52 | 8.26 | 9.97 | 9.25 | 6.83 | 14.92 | 12.68 | 10.73 | 9.01 | 7.70 | 9.79 | 9.51 | 8.43 | 8.27 | 7.87 | 7.21 | 3.87 | 6.20 | 6.42 | 5.93 | 5.35 | 2.79 | 5.30 | 4.29 | 4.11 | 3.13 | 3.69 | 3.24 | 4.62 | 4.25 | 4.61 | 4.09 | 4.20 | 3.55 | 3.67 | 2.22 | 2.80 | 2.56 | 1.79 | 0.64 | 1.77 | -1.04 | 3.31 | 1.97 | 2.32 | 1.90 | 2.17 | 1.91 | 2.81 | 3.59 | 3.82 | 3.75 | 3.60 |
| Net income | 79.92 | 75.34 | 34.26 | 51.10 | 44.42 | 50.03 | 42.95 | 51.33 | 47.77 | 54.80 | 60.81 | 62.64 | 61.25 | 77.04 | 71.90 | 61.78 | 53.10 | 1.70 | 40.01 | 37.57 | 41.71 | 34.64 | 34.87 | 24.90 | 26.75 | 47.48 | 51.85 | 30.63 | 35.23 | 29.93 | 33.02 | 31.12 | 27.56 | 22.06 | 23.85 | 20.56 | 20.73 | 17.18 | 20.48 | 20.37 | 18.61 | 19.46 | 18.59 | 17.45 | 9.46 | 15.98 | 15.74 | 14.75 | 13.38 | 10.59 | 14.66 | 12.76 | 12.25 | 9.97 | 11.60 | 8.87 | 12.18 | 11.17 | 11.96 | 11.12 | 11.19 | 11.84 | 11.15 | 8.03 | 9.23 | 9.10 | 6.84 | 0.66 | 6.39 | 3.02 | 8.82 | 5.82 | 6.31 | 7.73 | 8.31 | 5.71 | 6.63 | 8.10 | 8.56 | 8.29 | 7.90 |