INDB FY 2022 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

FY 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$750M+45.3% YoY

Gross Profit

$714M95.2% margin

Operating Income

$348M46.4% margin

Net Income

$264M35.2% margin

EPS (Diluted)

$5.69

Cash Flow

Operating Cash Flow

$421M

Free Cash Flow

$399M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$19.3B

Total Liabilities

$16.4B

Stockholders' Equity

$2.9B

Cash & Equivalents

$353M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$750M	$516M	+45.3%
Gross Profit	$714M	$484M	+47.4%
Operating Income	$348M	$157M	+122.0%
Net Income	$264M	$121M	+118.0%