INDB FY 2021 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

FY 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$516M+1.7% YoY

Gross Profit

$484M93.8% margin

Operating Income

$157M30.4% margin

Net Income

$121M23.4% margin

EPS (Diluted)

$3.47

Cash Flow

Operating Cash Flow

$190M

Free Cash Flow

$165M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$20.4B

Total Liabilities

$17.4B

Stockholders' Equity

$3.0B

Cash & Equivalents

$2.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$516M	$507M	+1.7%
Gross Profit	$484M	$421M	+15.1%
Operating Income	$157M	$153M	+2.5%
Net Income	$121M	$121M	-0.1%