Independent Financial Statements From 2010 to 2026

Independent Bank Balance Sheet		Trends
Current Value Last Year Historical Average  10 Year Trend Common Stock Shares Outstanding 51.3 M 48.9 M 31.5 M Slightly volatile Total Assets 23.4 B 22.3 B 12 B Slightly volatile Short and Long Term Debt Total 420 M 806.6 M 417.3 M Slightly volatile Other Current Liabilities 18.5 B 17.6 B 9.3 B Slightly volatile Total Current Liabilities 18.5 B 17.6 B 8.7 B Slightly volatile Total Stockholder Equity 3.6 B 3.4 B 1.7 B Slightly volatile Property Plant And Equipment Net 233.4 M 222.3 M 121.3 M Slightly volatile Retained Earnings 1.4 B 1.3 B 648.1 M Slightly volatile Cash 253.5 M 252.9 M 408.1 M Pretty Stable Non Current Assets Total 23 B 21.9 B 9.6 B Slightly volatile Other Assets 21.7 B 20.7 B 9.9 B Slightly volatile Cash And Short Term Investments 520.5 M 422.2 M 919.2 M Slightly volatile Liabilities And Stockholders Equity 23.4 B 22.3 B 12 B Slightly volatile Non Current Liabilities Total 1.3 B 1.2 B 545.7 M Slightly volatile Other Stockholder Equity 2.3 B 2.2 B 1 B Slightly volatile Total Liabilities 19.8 B 18.8 B 9.8 B Slightly volatile Property Plant And Equipment Gross 432.6 M 412 M 176.5 M Slightly volatile Total Current Assets 401.1 M 422.2 M 1.9 B Very volatile Short Term Debt 787.2 M 749.7 M 293.3 M Slightly volatile Common Stock Total Equity 569.9 K 542.8 K 341.7 K Slightly volatile Common Stock 268.9 K 486.4 K 314.2 K Slightly volatile Other Liabilities 250.8 M 238.9 M 151.3 M Slightly volatile Accounts Payable 19.2 B 18.3 B 9.9 B Slightly volatile Long Term Debt 846.9 M 806.6 M 346.6 M Slightly volatile Other Current Assets 265.1 M 279 M 2.9 B Slightly volatile Intangible Assets 17.4 M 14.1 M 17.7 M Very volatile Property Plant Equipment 308.4 M 293.7 M 142 M Slightly volatile Short Term Investments 160.9 M 169.4 M 505.2 M Slightly volatile Good Will 1.2 B 1.1 B 520.2 M Slightly volatile Inventory 5.5 M 5.8 M 11.4 M Slightly volatile Net Tangible Assets 2.3 B 2.2 B 1.1 B Slightly volatile Retained Earnings Total Equity 505.9 M 881.7 M 528.6 M Slightly volatile Capital Surpluse 2.7 B 2.6 B 1.1 B Slightly volatile Long Term Investments 4.1 B 2.4 B 4.8 B Pretty Stable Non Current Liabilities Other 405.2 M 385.9 M 207 M Slightly volatile Short and Long Term Debt 103.4 M 94.5 M 99.9 M Pretty Stable Long Term Debt Total 136.8 M 215.5 M 144.1 M Slightly volatile Earning Assets 1.3 B 1.5 B 1.2 B Slightly volatile Net Receivables 4.5 M 4.7 M 525.1 M Very volatile Net Invested Capital 2.8 B 4.2 B 2.1 B Slightly volatile Capital Stock 428.4 K 486.4 K 345.5 K Slightly volatile
Independent Bank Income Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Other Operating Expenses 877.9 M 836.1 M 357.5 M Slightly volatile Operating Income 298.4 M 284.2 M 164.2 M Slightly volatile EBIT 298.4 M 284.2 M 164.2 M Slightly volatile EBITDA 347.8 M 331.2 M 185 M Slightly volatile Net Income 231.9 M 220.9 M 124.1 M Slightly volatile Depreciation And Amortization 49.4 M 47 M 22.5 M Slightly volatile Selling General Administrative 295.3 M 281.2 M 155.5 M Slightly volatile Total Revenue 1.2 B 1.1 B 527 M Slightly volatile Gross Profit 781.1 M 743.9 M 431.1 M Slightly volatile Cost Of Revenue 395.2 M 376.4 M 108.4 M Slightly volatile Selling And Marketing Expenses 345.7 M 329.3 M 90.6 M Slightly volatile Net Income Applicable To Common Shares 318.6 M 303.4 M 140.3 M Slightly volatile Minority Interest 916.6 K 964.8 K 1.3 M Slightly volatile Net Income From Continuing Ops 129.7 M 220.9 M 120.4 M Slightly volatile Non Recurring 5.7 M 3.9 M 3.5 M Slightly volatile Tax Provision 52.7 M 63.3 M 43 M Slightly volatile Net Interest Income 433.8 M 646 M 358.7 M Slightly volatile Interest Income 510.3 M 980.7 M 429.8 M Slightly volatile Reconciled Depreciation 31.2 M 47 M 24.4 M Slightly volatile
Independent Bank Cash Flow Statement		Trends
Current Value Last Year Historical Average  10 Year Trend Free Cash Flow 253 M 240.9 M 146.5 M Slightly volatile Begin Period Cash Flow 254.8 M 258 M 407.5 M Slightly volatile Depreciation 49.4 M 47 M 23.1 M Slightly volatile Capital Expenditures 24.7 M 23.5 M 14.7 M Slightly volatile Total Cash From Operating Activities 277.6 M 264.4 M 161.2 M Slightly volatile Dividends Paid 116.2 M 110.6 M 52.8 M Slightly volatile
Financial Ratios		Trends
Current Value Last Year Historical Average  10 Year Trend Price To Sales Ratio 2.26 2.52 3.6879 Pretty Stable Dividend Yield 0.019 0.0317 0.0234 Slightly volatile PTB Ratio 1.76 1.05 1.3763 Very volatile Book Value Per Share 66.55 63.39 44.6289 Slightly volatile Free Cash Flow Yield 0.15 0.0883 0.1562 Slightly volatile Operating Cash Flow Per Share 5.11 4.87 4.6112 Slightly volatile Stock Based Compensation To Revenue 0.0063 0.006 0.008 Slightly volatile Capex To Depreciation 0.92 0.57 0.7237 Very volatile PB Ratio 1.76 1.05 1.3763 Very volatile Free Cash Flow Per Share 4.66 4.44 4.177 Slightly volatile Net Income Per Share 4.27 4.07 3.4939 Slightly volatile Sales General And Administrative To Revenue 0.23 0.251 0.3058 Slightly volatile Capex To Revenue 0.0253 0.0189 0.0295 Very volatile Cash Per Share 13.45 7.78 28.8678 Pretty Stable POCF Ratio 9.62 10.68 13.0485 Pretty Stable Payout Ratio 0.26 0.45 0.3815 Slightly volatile Capex To Operating Cash Flow 0.17 0.1 0.1081 Pretty Stable PFCF Ratio 11.78 11.72 14.961 Pretty Stable PE Ratio 12.5 12.78 16.6052 Pretty Stable Earnings Yield 0.0665 0.0634 0.0616 Very volatile Intangibles To Total Assets 0.0244 0.0463 0.0353 Slightly volatile Current Ratio 0.0205 0.0216 0.0976 Slightly volatile Tangible Book Value Per Share 44.38 42.26 30.6388 Slightly volatile Graham Number 79.97 76.17 57.9387 Slightly volatile Shareholders Equity Per Share 66.55 63.39 44.6289 Slightly volatile Debt To Equity 0.26 0.27 0.4165 Slightly volatile Capex Per Share 0.29 0.43 0.4247 Slightly volatile Revenue Per Share 21.66 20.63 15.7551 Slightly volatile Interest Debt Per Share 24.64 26.85 17.1781 Very volatile Debt To Assets 0.0396 0.0416 0.0454 Slightly volatile Enterprise Value Over EBITDA 10.33 10.03 11.0263 Pretty Stable Short Term Coverage Ratios 1.16 1.1 0.8415 Slightly volatile Price Earnings Ratio 12.5 12.78 16.6052 Pretty Stable Price Book Value Ratio 1.76 1.05 1.3763 Very volatile Dividend Payout Ratio 0.26 0.45 0.3815 Slightly volatile Price To Operating Cash Flows Ratio 9.62 10.68 13.0485 Pretty Stable Price To Free Cash Flows Ratio 11.78 11.72 14.961 Pretty Stable Effective Tax Rate 0.31 0.26 0.2625 Pretty Stable Company Equity Multiplier 13.3 7.44 9.7412 Slightly volatile Long Term Debt To Capitalization 0.37 0.22 0.2157 Slightly volatile Total Debt To Capitalization 0.21 0.22 0.2638 Slightly volatile Debt Equity Ratio 0.26 0.27 0.4165 Slightly volatile Quick Ratio 0.0205 0.0216 0.0976 Slightly volatile Dividend Paid And Capex Coverage Ratio 2.15 2.27 4.6072 Slightly volatile Net Income Per E B T 0.58 0.7 0.7287 Pretty Stable Cash Ratio 0.0157 0.0165 0.0452 Slightly volatile Operating Cash Flow Sales Ratio 0.19 0.21 0.2956 Very volatile Free Cash Flow Operating Cash Flow Ratio 0.68 0.82 0.8784 Slightly volatile Cash Flow Coverage Ratios 0.31 0.3 0.6096 Pretty Stable Price To Book Ratio 1.76 1.05 1.3763 Very volatile Fixed Asset Turnover 6.39 5.79 4.8525 Pretty Stable Capital Expenditure Coverage Ratio 10.75 12.94 12.4039 Pretty Stable Price Cash Flow Ratio 9.62 10.68 13.0485 Pretty Stable Enterprise Value Multiple 10.33 10.03 11.0263 Pretty Stable Debt Ratio 0.0396 0.0416 0.0454 Slightly volatile Cash Flow To Debt Ratio 0.31 0.3 0.6096 Pretty Stable Price Sales Ratio 2.26 2.52 3.6879 Pretty Stable Asset Turnover 0.0671 0.0578 0.0502 Pretty Stable Gross Profit Margin 0.58 0.6 0.8043 Very volatile Price Fair Value 1.76 1.05 1.3763 Very volatile
Independent Bank Valuation Data		Trends
Current Value Last Year Historical Average  10 Year Trend Market Cap 2.3 B 3.5 B 2.9 B Slightly volatile Enterprise Value 2.3 B 3.3 B 2.8 B Slightly volatile

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.When determining whether Independent Bank offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Independent Bank's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Independent Bank Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Independent Bank Stock:

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