INDBIndependent Bank Corp.

$4B

Q1 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$165M+33.5% YoY

Gross Profit

$164M99.3% margin

Operating Income

$70M42.5% margin

Net Income

$53M32.2% margin

EPS (Diluted)

$1.12

QoQ Revenue Growth

+7.5%

Cash Flow

Operating Cash Flow

$76M

Free Cash Flow

$67M

Stock-Based Comp.

$834,000

Balance Sheet

Total Assets

$20.2B

Total Liabilities

$17.2B

Stockholders' Equity

$3.0B

Cash & Equivalents

$1.8B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$165M	$124M	+33.5%
Gross Profit	$164M	$122M	+34.2%
Operating Income	$70M	$54M	+30.9%
Net Income	$53M	$42M	+27.3%

Revenue Segments

Investment Advisory, Management and Administrative Service

$8M43%

Deposit Account

$5M30%

Credit Card, Merchant Discount

$2M14%

ATM Charge

$841,0005%

Investment Advisory, Retail Investment and Insurance Service

$769,0004%

Merchant Processing

$378,0002%

Credit Card Income

$372,0002%

INDB Q1 2022 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena