INDB Q4 2019 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q4 2019 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$143M+29.4% YoY

Gross Profit

$125M87.6% margin

Operating Income

$62M43.3% margin

Net Income

$47M33.3% margin

EPS (Diluted)

$1.38

QoQ Revenue Growth

-5.7%

Cash Flow

Operating Cash Flow

$79M

Free Cash Flow

$74M

Stock-Based Comp.

$990,000

Balance Sheet

Total Assets

$11.4B

Total Liabilities

$9.7B

Stockholders' Equity

$1.7B

Cash & Equivalents

$151M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$143M	$110M	+29.4%
Gross Profit	$125M	$102M	+23.2%
Operating Income	$62M	$38M	+61.9%
Net Income	$47M	$30M	+58.6%

Revenue Segments

Investment Advisory, Management and Administrative Service

$7M36%

Deposit Account

$5M28%

Credit Card, Merchant Discount

$5M26%

Investment Advisory, Retail Investment and Insurance Service

$817,0004%

ATM Charge

$763,0004%

Merchant Processing

$341,0002%