INDB Q4 2020 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q4 2020 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$123M-13.7% YoY

Gross Profit

$118M95.6% margin

Operating Income

$45M36.7% margin

Net Income

$35M28.1% margin

EPS (Diluted)

$1.05

QoQ Revenue Growth

-1.8%

Cash Flow

Operating Cash Flow

$54M

Free Cash Flow

$50M

Stock-Based Comp.

$826,000

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	$123M	$143M	-13.7%
Gross Profit	$118M	$125M	-5.8%
Operating Income	$45M	$62M	-26.9%
Net Income	$35M	$47M	-27.0%

Revenue Segments

Investment Advisory, Management and Administrative Service

$7M48%

Deposit Account

$4M27%

Credit Card, Merchant Discount

$2M13%

Investment Advisory, Retail Investment and Insurance Service

$692,0005%

ATM Charge

$604,0004%

Merchant Processing

$299,0002%

Credit Card Income

$228,0002%