INDB Q3 2020 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q3 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$125M-17.1% YoY

Gross Profit

$111M88.4% margin

Operating Income

$46M36.7% margin

Net Income

$35M27.8% margin

EPS (Diluted)

$1.06

QoQ Revenue Growth

-2.1%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$21M

Stock-Based Comp.

$868,000

Balance Sheet

Total Assets

$13.2B

Total Liabilities

$11.5B

Stockholders' Equity

$1.7B

Cash & Equivalents

$1.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$125M	$151M	-17.1%
Gross Profit	$111M	$136M	-18.7%
Operating Income	$46M	$69M	-33.1%
Net Income	$35M	$52M	-32.7%

Revenue Segments

Investment Advisory, Management and Administrative Service

$7M49%

Deposit Account

$3M24%

Credit Card, Merchant Discount

$2M14%

ATM Charge

$708,0005%

Investment Advisory, Retail Investment and Insurance Service

$574,0004%

Merchant Processing

$330,0002%

Credit Card Income

$216,0002%