INDB Q3 2024 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q3 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$249M+6.5% YoY

Gross Profit

$155M62.2% margin

Operating Income

$55M22.2% margin

Net Income

$43M17.2% margin

EPS (Diluted)

$1.01

QoQ Revenue Growth

+2.8%

Cash Flow

Operating Cash Flow

$70M

Free Cash Flow

$64M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$19.4B

Total Liabilities

$16.4B

Stockholders' Equity

$3.0B

Cash & Equivalents

$424M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$249M	$234M	+6.5%
Gross Profit	$155M	$176M	-11.7%
Operating Income	$55M	$80M	-31.0%
Net Income	$43M	$61M	-29.4%

Revenue Segments

Investment Advisory, Management and Administrative Service

$10M41%

Deposit Account

$7M29%

Credit Card, Merchant Discount

$3M14%

Investment Advisory, Retail Investment and Insurance Service

$1M6%

ATM Charge

$1M5%

Credit Card Income

$592,0003%

Merchant Processing

$434,0002%