INDB Q4 2022 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q4 2022 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$214M+39.5% YoY

Gross Profit

$193M90.1% margin

Operating Income

$100M46.8% margin

Net Income

$77M35.9% margin

EPS (Diluted)

$1.69

QoQ Revenue Growth

+9.2%

Cash Flow

Operating Cash Flow

$115M

Free Cash Flow

$111M

Stock-Based Comp.

$981,000

Balance Sheet

Total Assets

$19.3B

Total Liabilities

$16.4B

Stockholders' Equity

$2.9B

Cash & Equivalents

$353M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$214M	$154M	+39.5%
Gross Profit	$193M	$115M	+68.5%
Operating Income	$100M	-$1M	+9046.0%
Net Income	$77M	$2M	+4426.6%

Revenue Segments

Investment Advisory, Management and Administrative Service

$9M44%

Deposit Account

$6M28%

Credit Card, Merchant Discount

$3M14%

Investment Advisory, Retail Investment and Insurance Service

$1M6%

ATM Charge

$966,0005%

Credit Card Income

$492,0002%

Merchant Processing

$394,0002%