INDB Q1 2020 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q1 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$132M+16.7% YoY

Gross Profit

$94M71.2% margin

Operating Income

$29M21.9% margin

Net Income

$27M20.3% margin

EPS (Diluted)

$0.78

QoQ Revenue Growth

-7.5%

Cash Flow

Operating Cash Flow

-$10M

Free Cash Flow

-$12M

Stock-Based Comp.

$850,000

Balance Sheet

Total Assets

$12.0B

Total Liabilities

$10.3B

Stockholders' Equity

$1.7B

Cash & Equivalents

$471M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$132M	$113M	+16.7%
Gross Profit	$94M	$103M	-8.8%
Operating Income	$29M	$47M	-38.2%
Net Income	$27M	$35M	-24.1%

Revenue Segments

Investment Advisory, Management and Administrative Service

$6M37%

Deposit Account

$5M29%

Credit Card, Merchant Discount

$4M24%

ATM Charge

$639,0004%

Investment Advisory, Retail Investment and Insurance Service

$540,0003%

Merchant Processing

$393,0002%

Credit Card Income

$183,0001%