INDB Q1 2025 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q1 2025 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$243M+3.0% YoY

Gross Profit

$161M66.4% margin

Operating Income

$57M23.6% margin

Net Income

$44M18.3% margin

EPS (Diluted)

$1.04

QoQ Revenue Growth

-1.6%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$11M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$19.9B

Total Liabilities

$16.9B

Stockholders' Equity

$3.0B

Cash & Equivalents

$717M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$243M	$236M	+3.0%
Gross Profit	$161M	$160M	+0.8%
Operating Income	$57M	$62M	-8.5%
Net Income	$44M	$48M	-7.0%

Revenue Segments

Investment Advisory, Management and Administrative Service

$10M43%

Deposit Account

$7M30%

Credit Card, Merchant Discount

$3M13%

Investment Advisory, Retail Investment and Insurance Service

$1M5%

ATM Charge

$1M4%

Credit Card Income

$587,0002%

Merchant Processing

$560,0002%