INDB Q3 2022 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q3 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$196M+66.1% YoY

Gross Profit

$186M94.7% margin

Operating Income

$95M48.4% margin

Net Income

$72M36.6% margin

EPS (Diluted)

$1.57

QoQ Revenue Growth

+12.7%

Cash Flow

Operating Cash Flow

$133M

Free Cash Flow

$132M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$19.7B

Total Liabilities

$16.9B

Stockholders' Equity

$2.8B

Cash & Equivalents

$936M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$196M	$118M	+66.1%
Gross Profit	$186M	$125M	+48.4%
Operating Income	$95M	$54M	+75.6%
Net Income	$72M	$40M	+79.7%

Revenue Segments

Investment Advisory, Management and Administrative Service

$8M40%

Deposit Account

$6M32%

Credit Card, Merchant Discount

$3M15%

ATM Charge

$1M5%

Investment Advisory, Retail Investment and Insurance Service

$602,0003%

Credit Card Income

$495,0003%

Merchant Processing

$412,0002%