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INDB Q2 2024 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena
INDB
Independent Bank Corp.
$4B
Q2 2024 Earnings
Financial Services
Banks - Regional
Income Statement
Revenue
$243M
+6.8% YoY
Gross Profit
$164M
67.8% margin
Operating Income
$66M
27.4% margin
Net Income
$51M
21.2% margin
EPS (Diluted)
$1.21
QoQ Revenue Growth
+3.0%
Cash Flow
Operating Cash Flow
$66M
Free Cash Flow
$62M
Stock-Based Comp.
$2M
Balance Sheet
Total Assets
$19.4B
Total Liabilities
$16.5B
Stockholders' Equity
$2.9B
Cash & Equivalents
$314M
Year-over-Year Comparison
Metric
Current
Year Ago
Change
Revenue
$243M
$227M
+6.8%
Gross Profit
$164M
$176M
-6.6%
Operating Income
$66M
$83M
-19.8%
Net Income
$51M
$63M
-18.1%
Revenue Segments
Investment Advisory, Management and Administrative Service
$10M
43%
Deposit Account
$6M
28%
Credit Card, Merchant Discount
$3M
14%
Investment Advisory, Retail Investment and Insurance Service
$1M
6%
ATM Charge
$1M
5%
Credit Card Income
$596,000
3%
Merchant Processing
$449,000
2%
← FY 2024
All Quarters
Q3 2024 →