INDB FY 2024 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

FY 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$974M+6.9% YoY

Gross Profit

$647M66.4% margin

Operating Income

$247M25.4% margin

Net Income

$192M19.7% margin

EPS (Diluted)

$4.52

Cash Flow

Operating Cash Flow

$230M

Free Cash Flow

$209M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$19.4B

Total Liabilities

$16.4B

Stockholders' Equity

$3.0B

Cash & Equivalents

$220M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$974M	$911M	+6.9%
Gross Profit	$647M	$699M	-7.4%
Operating Income	$247M	$315M	-21.6%
Net Income	$192M	$240M	-19.8%