INDB Q2 2021 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q2 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$121M-6.0% YoY

Gross Profit

$122M101.4% margin

Operating Income

$50M41.5% margin

Net Income

$38M31.2% margin

EPS (Diluted)

$1.14

QoQ Revenue Growth

-2.6%

Cash Flow

Operating Cash Flow

$50M

Free Cash Flow

$46M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$14.2B

Total Liabilities

$12.5B

Stockholders' Equity

$1.7B

Cash & Equivalents

$2.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$121M	$128M	-6.0%
Gross Profit	$122M	$99M	+23.0%
Operating Income	$50M	$33M	+53.1%
Net Income	$38M	$25M	+50.9%

Revenue Segments

Investment Advisory, Management and Administrative Service

$8M49%

Deposit Account

$4M24%

Credit Card, Merchant Discount

$2M13%

Investment Advisory, Retail Investment and Insurance Service

$845,0005%

ATM Charge

$735,0005%

Merchant Processing

$339,0002%

Credit Card Income

$313,0002%