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INDB (Independent Bank Corp.) Stock Financials & Earnings | Market Cap Arena
INDB
Independent Bank Corp.
Mkt Cap
$4B
Financial Services
·
Banks - Regional
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$1.2B
Net Income (TTM)
$205M
EPS (TTM)
$4.45
Free Cash Flow (TTM)
$130M
Gross Margin
67.9%
Op. Margin
22.9%
Net Margin
17.6%
FCF Margin
11.1%
P/S Ratio (TTM)
3.3x
P/E Ratio (TTM)
18.7x
YoY Rev Growth
+19.8%
Employees
—
Earnings Reports
▶
Q4 2025
NEW
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$213M
$178M
$81M
Q2 23
$227M
$176M
$83M
Q3 23
$234M
$176M
$80M
Q4 23
$237M
$169M
$71M
Q1 24
$236M
$160M
$62M
Q2 24
$243M
$164M
$66M
Q3 24
$249M
$155M
$55M
Q4 24
$247M
$167M
$63M
Q1 25
$243M
$161M
$57M
Q2 25
$251M
$173M
$66M
Q3 25
$335M
$205M
$44M
Q4 25
$339M
$254M
$100M
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Revenue Breakdown
INDB
Independent Bank Corp.
Revenue Breakdown
Q4 2025
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Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
4.8x
14.1x
Q2 23
4.5x
14.0x
Q3 23
4.3x
14.6x
Q4 23
4.2x
16.0x
Q1 24
4.1x
17.0x
Q2 24
4.0x
17.9x
Q3 24
4.0x
19.5x
Q4 24
3.9x
20.0x
Q1 25
3.9x
20.3x
Q2 25
3.9x
20.3x
Q3 25
3.6x
21.3x
Q4 25
3.3x
18.7x
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Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
$51M
$47M
Q2 23
$91M
$88M
Q3 23
$81M
$78M
Q4 23
$54M
$47M
Q1 24
$51M
$47M
Q2 24
$66M
$62M
Q3 24
$70M
$64M
Q4 24
$43M
$37M
Q1 25
$13M
$11M
Q2 25
$107M
$103M
Q3 25
$52M
$58M
Q4 25
-$34M
-$42M
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Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$4M
Q2 23
$2M
Q3 23
$3M
Q4 23
$6M
Q1 24
$4M
Q2 24
$4M
Q3 24
$6M
Q4 24
$6M
Q1 25
$2M
Q2 25
$4M
Q3 25
$6M
Q4 25
$8M
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OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+29.0%
+38.7%
Q2 23
+30.5%
+57.1%
Q3 23
+19.3%
+52.2%
Q4 23
+10.6%
+45.6%
Q1 24
+10.6%
+31.4%
Q2 24
+6.8%
+22.0%
Q3 24
+6.5%
+26.1%
Q4 24
+4.1%
+10.6%
Q1 25
+3.0%
+7.1%
Q2 25
+3.3%
+4.8%
Q3 25
+34.4%
+49.8%
Q4 25
+37.5%
+30.4%
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Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$2M
0.8%
Q2 23
$2M
0.8%
Q3 23
$1M
0.5%
Q4 23
$2M
0.7%
Q1 24
$1M
0.6%
Q2 24
$2M
0.9%
Q3 24
$2M
0.6%
Q4 24
$2M
0.6%
Q1 25
$2M
0.8%
Q2 25
$3M
1.2%
Q3 25
$2M
0.7%
Q4 25
-$7M
-2.1%
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OpEx Breakdown
G&A
S&M
Quarter
G&A
S&M
Q1 23
$60M
—
Q2 23
$57M
$2M
Q3 23
$58M
—
Q4 23
$60M
—
Q1 24
$60M
—
Q2 24
$60M
$2M
Q3 24
$63M
—
Q4 24
$62M
—
Q1 25
$65M
—
Q2 25
$65M
$2M
Q3 25
$84M
—
Q4 25
$82M
—
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War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$503M
$1.4B
$1.9B
Q2 23
$308M
$1.4B
$1.7B
Q3 23
$220M
$1.4B
$1.6B
Q4 23
$224M
$1.3B
$1.6B
Q1 24
$221M
$1.3B
$1.5B
Q2 24
$314M
$1.2B
$1.5B
Q3 24
$424M
$1.2B
$1.7B
Q4 24
$220M
$147M
$367M
Q1 25
$717M
$1.3B
$2.0B
Q2 25
$901M
$1.3B
$2.2B
Q3 25
$911M
$376M
$1.3B
Q4 25
$230M
$5M
$234M
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Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
45M
-1.4%
Q2 23
44M
-2.0%
Q3 23
44M
+0.0%
Q4 23
43M
-1.5%
Q1 24
43M
-2.1%
Q2 24
42M
-0.2%
Q3 24
43M
+0.1%
Q4 24
43M
+0.0%
Q1 25
43M
+0.1%
Q2 25
43M
+0.2%
Q3 25
50M
+17.2%
Q4 25
49M
-1.0%
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Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 14
$292K
980
FY 15
$293K
1K
FY 16
$296K
1K
FY 17
$322K
1K
FY 18
$347K
1K
FY 19
$413K
1K
FY 20
$354K
1K
FY 21
$305K
2K
FY 22
$443K
2K
FY 23
$539K
2K
FY 24
$576K
2K
FY 25
$690K
2K
marketcaparena.com