INDB Q2 2020 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q2 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$128M-14.2% YoY

Gross Profit

$99M77.5% margin

Operating Income

$33M25.5% margin

Net Income

$25M19.4% margin

EPS (Diluted)

$0.76

QoQ Revenue Growth

-2.9%

Cash Flow

Operating Cash Flow

-$3M

Free Cash Flow

-$6M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$13.0B

Total Liabilities

$11.4B

Stockholders' Equity

$1.7B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$128M	$149M	-14.2%
Gross Profit	$99M	$132M	-24.9%
Operating Income	$33M	$41M	-19.6%
Net Income	$25M	$31M	-18.7%

Revenue Segments

Investment Advisory, Management and Administrative Service

$7M44%

Credit Card, Merchant Discount

$5M29%

Deposit Account

$3M18%

ATM Charge

$525,0003%

Investment Advisory, Retail Investment and Insurance Service

$469,0003%

Merchant Processing

$277,0002%

Credit Card Income

$151,0001%