INDB Q3 2019 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q3 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$151M+42.7% YoY

Gross Profit

$136M90.1% margin

Operating Income

$69M45.5% margin

Net Income

$52M34.2% margin

EPS (Diluted)

$1.51

QoQ Revenue Growth

+1.4%

Cash Flow

Operating Cash Flow

$152M

Free Cash Flow

$147M

Stock-Based Comp.

$981,000

Balance Sheet

Total Assets

$11.5B

Total Liabilities

$9.9B

Stockholders' Equity

$1.7B

Cash & Equivalents

$219M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$151M	$106M	+42.7%
Gross Profit	$136M	$98M	+38.6%
Operating Income	$69M	$43M	+60.2%
Net Income	$52M	$33M	+57.0%

Revenue Segments

Investment Advisory, Management and Administrative Service

$7M36%

Deposit Account

$5M29%

Credit Card, Merchant Discount

$5M26%

ATM Charge

$939,0005%

Investment Advisory, Retail Investment and Insurance Service

$553,0003%

Merchant Processing

$230,0001%