INDB Q3 2021 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q3 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$118M-5.9% YoY

Gross Profit

$125M106.0% margin

Operating Income

$54M45.8% margin

Net Income

$40M33.9% margin

EPS (Diluted)

$1.21

QoQ Revenue Growth

-2.0%

Cash Flow

Operating Cash Flow

$39M

Free Cash Flow

$30M

Stock-Based Comp.

$707,000

Balance Sheet

Total Assets

$14.5B

Total Liabilities

$12.8B

Stockholders' Equity

$1.8B

Cash & Equivalents

$2.0B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$118M	$125M	-5.9%
Gross Profit	$125M	$111M	+12.9%
Operating Income	$54M	$46M	+17.5%
Net Income	$40M	$35M	+14.7%

Revenue Segments

Investment Advisory, Management and Administrative Service

$8M47%

Deposit Account

$4M25%

Credit Card, Merchant Discount

$2M13%

Investment Advisory, Retail Investment and Insurance Service

$1M6%

ATM Charge

$817,0005%

Merchant Processing

$365,0002%

Credit Card Income

$334,0002%