INDB Q4 2021 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q4 2021 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$154M+24.7% YoY

Gross Profit

$115M74.6% margin

Operating Income

-$1M-0.7% margin

Net Income

$2M1.1% margin

EPS (Diluted)

$0.04

QoQ Revenue Growth

+30.1%

Cash Flow

Operating Cash Flow

$33M

Free Cash Flow

$24M

Stock-Based Comp.

$842,000

Balance Sheet

Total Assets

$20.4B

Total Liabilities

$17.4B

Stockholders' Equity

$3.0B

Cash & Equivalents

$2.2B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$154M	$123M	+24.7%
Gross Profit	$115M	$118M	-2.8%
Operating Income	-$1M	$45M	-102.5%
Net Income	$2M	$35M	-95.1%

Revenue Segments

Investment Advisory, Management and Administrative Service

$8M44%

Deposit Account

$5M28%

Credit Card, Merchant Discount

$3M14%

Investment Advisory, Retail Investment and Insurance Service

$917,0005%

ATM Charge

$812,0004%

Credit Card Income

$348,0002%

Merchant Processing

$338,0002%