INDB Q1 2021 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q1 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$124M-6.3% YoY

Gross Profit

$122M98.7% margin

Operating Income

$54M43.4% margin

Net Income

$42M33.7% margin

EPS (Diluted)

$1.26

QoQ Revenue Growth

+0.4%

Cash Flow

Operating Cash Flow

$67M

Free Cash Flow

$65M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$13.8B

Total Liabilities

$12.1B

Stockholders' Equity

$1.7B

Cash & Equivalents

$1.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$124M	$132M	-6.3%
Gross Profit	$122M	$94M	+30.0%
Operating Income	$54M	$29M	+85.6%
Net Income	$42M	$27M	+55.9%

Revenue Segments

Investment Advisory, Management and Administrative Service

$7M49%

Deposit Account

$4M24%

Credit Card, Merchant Discount

$2M13%

Investment Advisory, Retail Investment and Insurance Service

$902,0006%

ATM Charge

$625,0004%

Merchant Processing

$320,0002%

Credit Card Income

$236,0002%