INDB Q2 2019 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q2 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$149M+47.8% YoY

Gross Profit

$132M88.5% margin

Operating Income

$41M27.2% margin

Net Income

$31M20.5% margin

EPS (Diluted)

$0.89

QoQ Revenue Growth

+32.1%

Cash Flow

Operating Cash Flow

-$49M

Free Cash Flow

-$52M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$11.6B

Total Liabilities

$10.0B

Stockholders' Equity

$1.6B

Cash & Equivalents

$194M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$149M	$101M	+47.8%
Gross Profit	$132M	$93M	+42.1%
Operating Income	$41M	$40M	+0.7%
Net Income	$31M	$31M	-1.6%

Revenue Segments

Investment Advisory, Management and Administrative Service

$6M35%

Deposit Account

$5M28%

Credit Card, Merchant Discount

$5M26%

ATM Charge

$856,0005%

Investment Advisory, Retail Investment and Insurance Service

$730,0004%

Merchant Processing

$324,0002%