Independent Financial Statements From 2010 to 2026

Stocks . USA . 
Stock . Independent Bank
INDB Stock  USD 80.78  0.25  0.31%   
Independent Bank's financial statements offer valuable quarterly and annual insights to potential investors, highlighting the company's current and historical financial position, overall management performance, and changes in financial standing over time. Key fundamentals influencing Independent Bank's valuation are provided below:
Gross Profit
792.1 M
Profit Margin
0.259
Market Capitalization
4 B
Enterprise Value Revenue
5.5289
Revenue
792.1 M
We have found one hundred twenty available fundamental trends for Independent Bank, which can be analyzed and compared to other ratios and to its competitors. All investors should make sure to confirm all of Independent Bank regular market performance against the performance between 2010 and 2026 to make sure the company can sustain itself down the road. As of February 2, 2026, Market Cap is expected to decline to about 2.5 B

Independent Bank Total Revenue

1.23 Billion

Check Independent Bank financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among Independent Bank's main balance sheet or income statement drivers, such as Interest Expense of 329.2 M, Other Operating Expenses of 945.3 M or Operating Income of 280.3 M, as well as many indicators such as Price To Sales Ratio of 2.26, Dividend Yield of 0.0192 or PTB Ratio of 1.76. Independent financial statements analysis is a perfect complement when working with Independent Bank Valuation or Volatility modules.
  
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Check out the analysis of Independent Bank Correlation against competitors.
For information on how to trade Independent Stock refer to our How to Trade Independent Stock guide.

Independent Bank Balance Sheet

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Common Stock Shares Outstanding52 M49.5 M31.6 M
Slightly volatile
Total Assets23.4 B22.3 B12 B
Slightly volatile
Short and Long Term Debt Total420 M806.6 M417.3 M
Slightly volatile
Other Current Liabilities18.5 B17.6 B9.3 B
Slightly volatile
Total Current Liabilities18.5 B17.6 B8.7 B
Slightly volatile
Total Stockholder Equity3.6 B3.4 B1.7 B
Slightly volatile
Property Plant And Equipment Net233.4 M222.3 M121.3 M
Slightly volatile
Retained Earnings1.4 B1.3 B648.1 M
Slightly volatile
Cash253.5 M252.9 M408.1 M
Pretty Stable
Non Current Assets Total23 B21.9 B9.6 B
Slightly volatile
Other Assets21.7 B20.7 B9.9 B
Slightly volatile
Cash And Short Term Investments520.5 M422.2 M919.2 M
Slightly volatile
Liabilities And Stockholders Equity23.4 B22.3 B12 B
Slightly volatile
Non Current Liabilities Total1.3 B1.2 B545.7 M
Slightly volatile
Other Stockholder Equity2.3 B2.2 B1 B
Slightly volatile
Total Liabilities19.8 B18.8 B9.8 B
Slightly volatile
Property Plant And Equipment Gross432.6 M412 M176.5 M
Slightly volatile
Total Current Assets401.1 M422.2 M1.9 B
Very volatile
Short Term Debt787.2 M749.7 M293.3 M
Slightly volatile
Common Stock Total Equity569.9 K542.8 K341.7 K
Slightly volatile
Common Stock268.9 K486.4 K314.2 K
Slightly volatile
Other Liabilities250.8 M238.9 M151.3 M
Slightly volatile
Accounts Payable19.2 B18.3 B9.9 B
Slightly volatile
Long Term Debt846.9 M806.6 M346.6 M
Slightly volatile
Other Current Assets265.1 M279 M2.9 B
Slightly volatile
Intangible Assets17.4 M14.1 M17.7 M
Very volatile
Property Plant Equipment308.4 M293.7 M142 M
Slightly volatile
Short Term Investments160.9 M169.4 M505.2 M
Slightly volatile
Good Will1.2 B1.1 B520.2 M
Slightly volatile
Inventory5.5 M5.8 M11.4 M
Slightly volatile
Net Tangible Assets2.3 B2.2 B1.1 B
Slightly volatile
Retained Earnings Total Equity505.9 M881.7 M528.6 M
Slightly volatile
Capital Surpluse2.7 B2.6 B1.1 B
Slightly volatile
Long Term Investments4.1 B2.4 B4.8 B
Pretty Stable
Non Current Liabilities Other405.2 M385.9 M207 M
Slightly volatile
Short and Long Term Debt103.4 M94.5 M99.9 M
Pretty Stable
Long Term Debt Total136.8 M215.5 M144.1 M
Slightly volatile
Earning Assets1.3 B1.5 B1.2 B
Slightly volatile
Net Receivables4.5 M4.7 M525.1 M
Very volatile
Net Invested Capital2.8 B4.2 B2.1 B
Slightly volatile
Capital Stock428.4 K486.4 K345.5 K
Slightly volatile

Independent Bank Income Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Other Operating Expenses945.3 M900.3 M365.2 M
Slightly volatile
Operating Income280.3 M266.9 M162.1 M
Slightly volatile
EBIT280.3 M266.9 M162.1 M
Slightly volatile
EBITDA321.5 M306.2 M182 M
Slightly volatile
Net Income215.4 M205.1 M122.2 M
Slightly volatile
Depreciation And Amortization41.3 M39.3 M21.6 M
Slightly volatile
Selling General Administrative310.7 M295.9 M157.3 M
Slightly volatile
Total Revenue1.2 B1.2 B532.7 M
Slightly volatile
Gross Profit832.5 M792.9 M437 M
Slightly volatile
Cost Of Revenue393 M374.3 M108.2 M
Slightly volatile
Selling And Marketing Expenses1.7 M1.8 M51.1 M
Slightly volatile
Net Income Applicable To Common Shares318.6 M303.4 M140.3 M
Slightly volatile
Minority Interest916.6 K964.8 K1.3 M
Slightly volatile
Net Income From Continuing Ops129.7 M220.9 M120.4 M
Slightly volatile
Non Recurring5.7 M3.9 M3.5 M
Slightly volatile
Tax Provision52.7 M63.3 M43 M
Slightly volatile
Net Interest Income433.8 M646 M358.7 M
Slightly volatile
Interest Income510.3 M980.7 M429.8 M
Slightly volatile
Reconciled Depreciation31.2 M47 M24.4 M
Slightly volatile

Independent Bank Cash Flow Statement

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Free Cash Flow253 M240.9 M146.5 M
Slightly volatile
Begin Period Cash Flow254.8 M258 M407.5 M
Slightly volatile
Depreciation49.4 M47 M23.1 M
Slightly volatile
Capital Expenditures24.7 M23.5 M14.7 M
Slightly volatile
Total Cash From Operating Activities277.6 M264.4 M161.2 M
Slightly volatile
Dividends Paid116.2 M110.6 M52.8 M
Slightly volatile

Financial Ratios

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Price To Sales Ratio2.263.09643.7218
Slightly volatile
Dividend Yield0.01920.03230.0235
Slightly volatile
PTB Ratio1.761.051.3763
Very volatile
Book Value Per Share66.5563.3944.6289
Slightly volatile
Free Cash Flow Yield0.150.08830.1562
Slightly volatile
Operating Cash Flow Per Share5.114.874.6112
Slightly volatile
Stock Based Compensation To Revenue0.00630.0060.008
Slightly volatile
Capex To Depreciation0.920.570.7237
Very volatile
PB Ratio1.761.051.3763
Very volatile
Free Cash Flow Per Share4.664.444.177
Slightly volatile
Net Income Per Share4.364.14783.5038
Slightly volatile
Sales General And Administrative To Revenue0.230.25360.3072
Slightly volatile
Capex To Revenue0.02530.01890.0295
Very volatile
Cash Per Share13.457.7828.8678
Pretty Stable
POCF Ratio9.6210.6813.0485
Pretty Stable
Payout Ratio0.60.5690.4085
Slightly volatile
Capex To Operating Cash Flow0.170.10.1081
Pretty Stable
PFCF Ratio11.7811.7214.961
Pretty Stable
PE Ratio12.5417.618816.8922
Very volatile
Earnings Yield0.05960.05680.0608
Pretty Stable
Intangibles To Total Assets0.02440.04630.0353
Slightly volatile
Current Ratio0.02050.02160.0976
Slightly volatile
Tangible Book Value Per Share44.3842.2630.6388
Slightly volatile
Graham Number79.9776.1757.9387
Slightly volatile
Shareholders Equity Per Share66.5563.3944.6289
Slightly volatile
Debt To Equity0.260.270.4165
Slightly volatile
Capex Per Share0.290.430.4247
Slightly volatile
Revenue Per Share24.7823.601816.1134
Slightly volatile
Interest Debt Per Share24.6426.8517.1781
Very volatile
Debt To Assets0.03960.04160.0454
Slightly volatile
Enterprise Value Over EBITDA10.3310.0311.0263
Pretty Stable
Short Term Coverage Ratios1.161.10.8415
Slightly volatile
Price Earnings Ratio12.5417.618816.8922
Very volatile
Price Book Value Ratio1.761.051.3763
Very volatile
Dividend Payout Ratio0.60.5690.4085
Slightly volatile
Price To Operating Cash Flows Ratio9.6210.6813.0485
Pretty Stable
Price To Free Cash Flows Ratio11.7811.7214.961
Pretty Stable
Ebt Per Ebit0.780.880.9643
Slightly volatile
Effective Tax Rate0.310.21760.26
Slightly volatile
Company Equity Multiplier13.37.449.7412
Slightly volatile
Long Term Debt To Capitalization0.370.220.2157
Slightly volatile
Total Debt To Capitalization0.210.220.2638
Slightly volatile
Debt Equity Ratio0.260.270.4165
Slightly volatile
Quick Ratio0.02050.02160.0976
Slightly volatile
Dividend Paid And Capex Coverage Ratio2.152.274.6072
Slightly volatile
Net Income Per E B T0.580.78240.7335
Very volatile
Cash Ratio0.01570.01650.0452
Slightly volatile
Operating Cash Flow Sales Ratio0.190.210.2956
Very volatile
Free Cash Flow Operating Cash Flow Ratio0.680.820.8784
Slightly volatile
Cash Flow Coverage Ratios0.310.30.6096
Pretty Stable
Price To Book Ratio1.761.051.3763
Very volatile
Fixed Asset Turnover6.395.794.8525
Pretty Stable
Capital Expenditure Coverage Ratio10.7512.9412.4039
Pretty Stable
Price Cash Flow Ratio9.6210.6813.0485
Pretty Stable
Enterprise Value Multiple10.3310.0311.0263
Pretty Stable
Debt Ratio0.03960.04160.0454
Slightly volatile
Cash Flow To Debt Ratio0.310.30.6096
Pretty Stable
Price Sales Ratio2.263.09643.7218
Slightly volatile
Asset Turnover0.06710.05780.0502
Pretty Stable
Gross Profit Margin0.580.67930.8089
Very volatile
Price Fair Value1.761.051.3763
Very volatile

Independent Bank Valuation Data

Trends
Current ValueLast YearHistorical Average 10 Year Trend
Market Cap2.5 B3.3 B2.8 B
Slightly volatile
Enterprise Value2.3 B3.3 B2.8 B
Slightly volatile

Independent Fundamental Market Drivers

Independent Upcoming Events

18th of April 2024
Upcoming Quarterly Report
View
18th of July 2024
Next Financial Report
View
31st of March 2024
Next Fiscal Quarter End
View
16th of January 2025
Next Fiscal Year End
View
31st of December 2023
Last Quarter Report
View
31st of December 2023
Last Financial Announcement
View

About Independent Bank Financial Statements

Independent Bank stakeholders use historical fundamental indicators, such as Independent Bank's revenue or net income, to determine how well the company is positioned to perform in the future. Although Independent Bank investors may analyze each financial statement separately, they are all interrelated. For example, changes in Independent Bank's assets and liabilities are reflected in the revenues and expenses on Independent Bank's income statement, which ultimately affect the company's gains or losses. Understanding these patterns can help in making the right long-term investment decisions in Independent Bank. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Total Revenue1.2 B1.2 B
Cost Of Revenue374.3 M393 M
Stock Based Compensation To Revenue 0.01  0.01 
Sales General And Administrative To Revenue 0.25  0.23 
Capex To Revenue 0.02  0.03 
Revenue Per Share 23.60  24.78 
Ebit Per Revenue 0.23  0.19 

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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:
How To Invest In Independent
Details
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Details
What is Independent Bank's Net Worth?
Details
Largest Banks - Regional Companies
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View
Check out the analysis of Independent Bank Correlation against competitors.
For information on how to trade Independent Stock refer to our How to Trade Independent Stock guide.
You can also try the ETFs module to find actively traded Exchange Traded Funds (ETF) from around the world.
Is Regional Banks space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Independent Bank. Market participants price Independent higher when confident in its future expansion prospects. The financial industry is built on trying to define current growth potential and future valuation accurately. Comprehensive Independent Bank assessment requires weighing all these inputs, though not all factors influence outcomes equally.
Quarterly Earnings Growth
0.291
Dividend Share
2.36
Earnings Share
4.45
Revenue Per Share
17.155
Quarterly Revenue Growth
0.471
Understanding Independent Bank requires distinguishing between market price and book value, where the latter reflects Independent's accounting equity. The concept of intrinsic value—what Independent Bank's is actually worth based on fundamentals—guides informed investors toward better entry and exit points. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Market sentiment, economic cycles, and investor behavior can push Independent Bank's price substantially above or below its fundamental value.
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Buy or Sell
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Please note, there is a significant difference between Independent Bank's value and its price as these two are different measures arrived at by different means. Investors typically determine if Independent Bank is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. In contrast, Independent Bank's trading price reflects the actual exchange value where willing buyers and sellers reach mutual agreement.
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