INDB Q4 2024 Earnings — Independent Bank Corp. Revenue & Financial Results | Market Cap Arena

INDBIndependent Bank Corp.

$4B

Q4 2024 Earnings

Financial Services Banks - Regional

Income Statement

Revenue

$247M+4.1% YoY

Gross Profit

$167M67.9% margin

Operating Income

$63M25.5% margin

Net Income

$50M20.3% margin

EPS (Diluted)

$1.18

QoQ Revenue Growth

-1.2%

Cash Flow

Operating Cash Flow

$43M

Free Cash Flow

$37M

Stock-Based Comp.

$2M

Balance Sheet

Total Assets

$19.4B

Total Liabilities

$16.4B

Stockholders' Equity

$3.0B

Cash & Equivalents

$220M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$247M	$237M	+4.1%
Gross Profit	$167M	$169M	-1.2%
Operating Income	$63M	$71M	-11.3%
Net Income	$50M	$55M	-8.7%

Revenue Segments

Investment Advisory, Management and Administrative Service

$29M42%

Deposit Account

$20M29%

Credit Card, Merchant Discount

$10M14%

Investment Advisory, Retail Investment and Insurance Service

$4M5%

ATM Charge

$4M5%

Credit Card Income

$2M3%

Merchant Processing

$1M2%