INDB FY 2023 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

FY 2023 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$911M+21.5% YoY

Gross Profit

$699M76.7% margin

Operating Income

$315M34.6% margin

Net Income

$240M26.3% margin

EPS (Diluted)

$5.42

Cash Flow

Operating Cash Flow

$277M

Free Cash Flow

$261M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$19.3B

Total Liabilities

$16.5B

Stockholders' Equity

$2.9B

Cash & Equivalents

$224M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$911M	$750M	+21.5%
Gross Profit	$699M	$714M	-2.1%
Operating Income	$315M	$348M	-9.4%
Net Income	$240M	$264M	-9.2%