INDB Q2 2022 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q2 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$174M+44.5% YoY

Gross Profit

$171M98.1% margin

Operating Income

$82M47.2% margin

Net Income

$62M35.5% margin

EPS (Diluted)

$1.32

QoQ Revenue Growth

+5.5%

Cash Flow

Operating Cash Flow

$97M

Free Cash Flow

$89M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$20.0B

Total Liabilities

$17.1B

Stockholders' Equity

$2.9B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$174M	$121M	+44.5%
Gross Profit	$171M	$122M	+39.9%
Operating Income	$82M	$50M	+64.3%
Net Income	$62M	$38M	+64.4%

Revenue Segments

Investment Advisory, Management and Administrative Service

$8M40%

Deposit Account

$6M30%

Credit Card, Merchant Discount

$3M14%

Investment Advisory, Retail Investment and Insurance Service

$2M8%

ATM Charge

$993,0005%

Credit Card Income

$474,0002%

Merchant Processing

$350,0002%