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INDB FY 2023 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena
INDB
Independent Bank Corp.
$4B
FY 2023 Earnings
Financial Services
Banks - Regional
Income Statement
Revenue
$911M
+21.5% YoY
Gross Profit
$699M
76.7% margin
Operating Income
$315M
34.6% margin
Net Income
$240M
26.3% 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%
← Q4 2022
All Quarters
Q1 2023 →