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Independent Bank Corp (Massachusetts)
NASDAQ:INDB

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Independent Bank Corp (Massachusetts) Logo
Independent Bank Corp (Massachusetts)
NASDAQ:INDB
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Price: 82.09 USD 1.62% Market Closed
Market Cap: $4.1B
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Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Cash Flow Statement

Operating Cash Flow
+
3Y
-37%
5Y
+139%
10Y
+131%
Investing Cash Flow
+
3Y
+56%
5Y
+78%
10Y
+45%
Financing Cash Flow
+
3Y
-
5Y
-74%
10Y
+281%

Cash Flow Statement
Independent Bank Corp (Massachusetts)

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Cash Flow Statement
Currency: USD
Dec-2001 Mar-2002 Jun-2002 Sep-2002 Dec-2002 Mar-2003 Jun-2003 Sep-2003 Dec-2003 Mar-2004 Jun-2004 Sep-2004 Dec-2004 Mar-2005 Jun-2005 Sep-2005 Dec-2005 Mar-2006 Jun-2006 Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Operating Cash Flow
Net Income
22
24
23
24
25
21
26
26
26
31
28
29
31
32
34
34
33
33
33
33
33
32
29
29
28
28
28
29
24
24
19
17
23
26
33
38
40
42
45
46
45
46
44
44
43
43
47
50
50
51
53
55
60
56
59
61
65
74
77
79
77
79
79
82
87
94
105
114
122
129
129
148
165
157
151
134
121
136
149
154
121
132
157
189
264
272
273
262
240
226
215
197
192
189
189
180
Depreciation & Amortization
8
7
7
6
4
5
5
5
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
5
5
5
6
5
4
4
4
6
6
6
9
10
11
12
10
10
10
10
10
10
10
9
9
9
9
10
11
12
13
13
13
12
12
13
14
14
15
15
15
16
16
16
16
16
15
13
18
19
23
29
27
27
29
30
31
33
35
36
38
39
38
37
37
36
37
39
40
41
41
39
42
Change in Deffered Taxes
1
(1)
(3)
5
(3)
0
5
(13)
0
1
(8)
6
(1)
(6)
2
(6)
(2)
0
(2)
3
1
2
2
1
(2)
(3)
(12)
(10)
(8)
(7)
4
0
(2)
(2)
(3)
(3)
(3)
(3)
(3)
(3)
0
0
0
0
(2)
(2)
(2)
(2)
3
3
3
3
3
3
8
8
10
10
5
5
0
0
0
0
9
9
9
9
(5)
(4)
(4)
(5)
11
13
13
13
(18)
(20)
(20)
(20)
3
3
3
3
(1)
(1)
(2)
(2)
3
5
6
8
(11)
(12)
(14)
(16)
Stock-Based Compensation
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
1
1
1
1
1
1
1
1
2
2
2
2
2
3
3
3
3
3
3
3
2
2
3
3
3
3
3
3
2
3
3
3
3
3
3
3
3
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
5
6
6
6
6
6
7
7
7
8
9
Other Non-Cash Items
0
(1)
4
4
4
4
(0)
0
2
1
1
0
(2)
(1)
(1)
(1)
0
(1)
(1)
(1)
(1)
1
1
1
(2)
(2)
(2)
(2)
(3)
(4)
(8)
(9)
(6)
(6)
(3)
(3)
(2)
(2)
(3)
(2)
(1)
(0)
0
3
0
0
1
(5)
(2)
(4)
(4)
(1)
(3)
(1)
(2)
(3)
(3)
(3)
(2)
(2)
(3)
(3)
(3)
(3)
(1)
(1)
(0)
(2)
(3)
(5)
(9)
(18)
(24)
(25)
(29)
(27)
(24)
(33)
(41)
(41)
(43)
(44)
(34)
(31)
(32)
(23)
(21)
(22)
(19)
(20)
(20)
(18)
(18)
(17)
(18)
(19)
Cash Taxes Paid
11
9
12
12
15
15
21
24
15
15
15
13
14
15
14
13
13
12
12
15
15
15
14
10
8
0
0
0
17
0
0
0
5
0
0
0
13
0
0
0
19
0
0
0
11
0
0
0
12
0
0
0
15
0
0
0
12
0
0
0
34
0
0
0
33
0
0
0
28
0
0
0
40
0
0
0
48
0
0
0
23
0
0
0
44
0
0
0
44
0
0
0
51
0
0
0
Cash Interest Paid
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
30
0
0
0
23
0
0
0
24
0
0
0
20
0
0
0
21
0
0
0
19
0
0
0
19
0
0
0
25
0
0
0
50
0
0
0
37
0
0
0
14
0
0
0
26
0
0
0
183
0
0
0
292
0
0
0
Change in Working Capital
(2)
2
13
1
(8)
(9)
(19)
2
9
5
8
(16)
(15)
(4)
(14)
4
9
2
12
(3)
(5)
(7)
(6)
4
10
15
21
15
4
(12)
(0)
22
11
36
(1)
(12)
1
13
18
(10)
2
(30)
(7)
(7)
(7)
10
30
80
82
70
38
17
18
13
21
14
5
(10)
(27)
(28)
5
38
37
47
20
9
20
9
12
7
(69)
33
45
4
55
(57)
(42)
31
79
86
77
72
83
141
152
111
103
64
18
30
12
14
25
(8)
38
28
Cash from Operating Activities
29
N/A
31
+8%
43
+39%
40
-7%
24
-41%
20
-13%
16
-22%
20
+28%
43
+109%
43
+1%
34
-21%
25
-27%
19
-24%
27
+40%
27
-1%
37
+40%
46
+23%
41
-10%
48
+17%
38
-21%
33
-13%
33
-1%
32
-2%
40
+25%
40
-1%
44
+10%
41
-8%
38
-8%
22
-41%
6
-73%
19
+214%
35
+87%
31
-9%
59
+87%
33
-44%
29
-12%
47
+63%
62
+32%
70
+14%
41
-41%
57
+38%
26
-54%
48
+83%
50
+6%
44
-13%
61
+38%
85
+40%
132
+55%
141
+7%
130
-8%
101
-22%
84
-17%
90
+8%
83
-8%
98
+18%
93
-5%
90
-4%
84
-7%
66
-22%
67
+2%
93
+38%
129
+39%
128
-1%
142
+10%
131
-7%
127
-3%
149
+17%
146
-2%
142
-3%
142
+0%
59
-58%
175
+195%
217
+24%
172
-21%
218
+27%
90
-59%
65
-28%
143
+121%
196
+37%
211
+8%
190
-10%
198
+4%
245
+24%
339
+39%
421
+24%
397
-6%
391
-2%
339
-13%
277
-18%
277
0%
252
-9%
241
-4%
230
-4%
192
-16%
233
+21%
215
-8%
Investing Cash Flow
Capital Expenditures
(4)
(4)
(5)
(5)
(5)
(5)
(5)
(5)
(6)
(6)
(5)
(5)
(5)
(5)
(4)
(4)
(5)
(5)
(5)
(5)
(4)
(6)
(5)
(5)
(7)
(7)
(9)
(10)
(8)
(8)
(6)
0
(7)
(10)
(10)
0
(7)
(11)
(10)
0
(8)
(12)
(12)
0
(6)
(9)
(11)
(12)
(9)
(10)
(9)
(9)
(8)
(7)
(8)
(9)
(11)
(12)
(10)
(10)
(10)
(13)
(21)
(23)
(25)
(22)
(17)
(15)
(11)
(12)
(12)
(15)
(17)
(15)
(15)
(13)
(13)
(13)
(14)
(20)
(25)
(31)
(34)
(27)
(22)
(18)
(13)
(14)
(16)
(16)
(17)
(20)
(20)
(18)
(18)
(15)
Other Items
(233)
(207)
(214)
(139)
(64)
(146)
(154)
(151)
(179)
(216)
(281)
(307)
(355)
(317)
(140)
(95)
(46)
71
111
89
220
222
263
195
(11)
38
(113)
(103)
(192)
(252)
(50)
27
212
184
(18)
(31)
(157)
(257)
(270)
(227)
(182)
(222)
(255)
(336)
(262)
(147)
(93)
(133)
(199)
(302)
(332)
(322)
(285)
(165)
(175)
(154)
(195)
(232)
(235)
(228)
(229)
(323)
(304)
(251)
(292)
(239)
(309)
(355)
(376)
(373)
(262)
(127)
37
9
(347)
(403)
(476)
(557)
(116)
(659)
(38)
(141)
(412)
(179)
(978)
(727)
(668)
(433)
(196)
(151)
12
134
(13)
(51)
(81)
(75)
Cash from Investing Activities
(237)
N/A
(211)
+11%
(218)
-3%
(145)
+34%
(69)
+52%
(151)
-119%
(159)
-5%
(156)
+2%
(184)
-18%
(222)
-21%
(286)
-29%
(312)
-9%
(359)
-15%
(322)
+10%
(145)
+55%
(100)
+31%
(51)
+48%
66
N/A
106
+61%
84
-21%
216
+157%
216
+0%
258
+19%
190
-26%
(19)
N/A
31
N/A
(122)
N/A
(112)
+9%
(200)
-79%
(260)
-30%
(56)
+78%
25
N/A
205
+727%
177
-14%
(26)
N/A
(37)
-45%
(164)
-339%
(264)
-61%
(276)
-5%
(234)
+15%
(191)
+18%
(232)
-21%
(264)
-14%
(344)
-30%
(268)
+22%
(152)
+43%
(99)
+35%
(145)
-46%
(209)
-44%
(312)
-50%
(341)
-9%
(331)
+3%
(293)
+12%
(172)
+41%
(183)
-7%
(163)
+11%
(206)
-26%
(244)
-19%
(245)
-1%
(237)
+3%
(239)
-1%
(336)
-41%
(324)
+4%
(274)
+15%
(317)
-16%
(261)
+18%
(326)
-25%
(370)
-14%
(388)
-5%
(385)
+1%
(274)
+29%
(141)
+48%
20
N/A
(5)
N/A
(362)
-6 863%
(416)
-15%
(488)
-17%
(571)
-17%
(131)
+77%
(680)
-420%
(63)
+91%
(172)
-173%
(446)
-159%
(206)
+54%
(1 001)
-386%
(746)
+25%
(681)
+9%
(447)
+34%
(212)
+53%
(167)
+21%
(5)
+97%
114
N/A
(33)
N/A
(69)
-109%
(100)
-45%
(90)
+10%
Financing Cash Flow
Net Issuance of Common Stock
1
(0)
(4)
(4)
(52)
(3)
1
2
2
2
2
2
2
2
2
2
1
(4)
(21)
(24)
(24)
(32)
(27)
(30)
(30)
(16)
(4)
1
1
79
(2)
(2)
(2)
(80)
1
0
1
4
4
5
5
3
2
3
3
3
3
4
3
3
3
2
4
4
4
6
4
4
4
3
3
2
2
2
2
2
3
3
3
3
3
6
5
5
5
2
2
2
2
2
2
2
2
2
2
3
3
3
3
3
3
3
3
3
3
3
Net Issuance of Debt
(1)
2
2
(3)
(1)
(2)
(4)
2
(2)
3
0
(1)
(1)
(2)
0
(3)
1
(1)
(1)
0
23
26
(1)
3
(26)
(15)
(1)
27
30
22
33
0
(1)
0
(1)
0
1
0
(1)
(0)
(3)
0
0
1
2
0
0
(5)
(7)
(12)
(12)
(76)
30
15
(5)
25
(80)
(60)
(40)
0
0
0
0
0
0
0
0
0
0
171
111
111
76
(95)
(72)
(72)
(42)
(47)
(14)
(19)
(19)
(28)
(24)
(19)
(14)
0
0
0
0
(50)
(50)
(50)
(50)
296
296
236
Cash Paid for Dividends
(6)
(6)
(7)
(7)
(7)
(7)
(7)
(7)
(7)
(8)
(8)
(8)
(8)
(8)
(9)
(9)
(9)
(9)
(9)
(9)
(10)
(10)
(10)
(10)
(10)
(9)
(10)
(11)
(11)
(12)
(13)
(14)
(15)
(15)
(15)
(15)
(15)
(15)
(16)
(16)
(16)
(16)
(17)
(17)
(23)
(18)
(19)
(19)
(15)
(20)
(21)
(22)
(22)
(23)
(24)
(25)
(26)
(27)
(28)
(29)
(30)
(31)
(32)
(33)
(34)
(35)
(37)
(38)
(40)
(42)
(44)
(49)
(53)
(58)
(61)
(61)
(61)
(61)
(61)
(62)
(63)
(70)
(79)
(86)
(94)
(96)
(96)
(97)
(98)
(96)
(96)
(96)
(96)
(97)
(98)
(99)
Other
229
207
181
139
106
126
155
127
150
177
243
295
337
304
134
76
77
(91)
(64)
(49)
(231)
(200)
(253)
(247)
(27)
(58)
49
90
142
305
11
(72)
(148)
(142)
265
235
170
61
67
162
225
288
232
251
220
169
177
163
87
229
204
260
153
31
235
89
316
284
180
304
187
259
130
65
142
112
297
251
320
237
16
(134)
(364)
160
1 184
1 506
1 670
1 832
1 159
1 288
897
141
(479)
(1 102)
(1 203)
(896)
(784)
(514)
(99)
(247)
(97)
(6)
(58)
169
253
221
Cash from Financing Activities
223
N/A
202
-9%
172
-15%
125
-27%
47
-63%
114
+143%
145
+27%
123
-15%
143
+16%
174
+22%
238
+37%
288
+21%
330
+15%
296
-10%
127
-57%
66
-48%
70
+7%
(105)
N/A
(95)
+10%
(82)
+14%
(241)
-194%
(216)
+10%
(291)
-35%
(283)
+3%
(92)
+67%
(99)
-7%
34
N/A
107
+217%
161
+50%
393
+144%
30
-92%
(87)
N/A
(165)
-90%
(237)
-44%
249
N/A
220
-12%
157
-29%
50
-68%
56
+11%
151
+171%
211
+40%
275
+30%
217
-21%
237
+9%
202
-15%
155
-23%
163
+5%
142
-13%
68
-52%
200
+193%
174
-13%
166
-5%
164
-1%
28
-83%
211
+665%
95
-55%
214
+126%
201
-6%
116
-42%
277
+139%
159
-43%
231
+45%
101
-56%
34
-66%
110
+222%
79
-28%
263
+232%
215
-18%
283
+32%
369
+31%
85
-77%
(66)
N/A
(336)
-413%
12
N/A
1 056
+8 483%
1 375
+30%
1 569
+14%
1 726
+10%
1 086
-37%
1 209
+11%
817
-32%
45
-94%
(579)
N/A
(1 205)
-108%
(1 309)
-9%
(990)
+24%
(878)
+11%
(608)
+31%
(194)
+68%
(391)
-101%
(241)
+38%
(150)
+38%
(201)
-34%
372
N/A
454
+22%
361
-20%
Change in Cash
Net Change in Cash
15
N/A
22
+45%
(4)
N/A
21
N/A
2
-93%
(16)
N/A
3
N/A
(13)
N/A
1
N/A
(5)
N/A
(14)
-171%
1
N/A
(10)
N/A
1
N/A
9
+1 200%
3
-65%
64
+1 909%
2
-98%
59
+3 588%
40
-32%
8
-79%
33
+301%
(1)
N/A
(53)
-3 946%
(71)
-35%
(24)
+67%
(48)
-103%
33
N/A
(17)
N/A
140
N/A
(8)
N/A
(27)
-251%
72
N/A
(1)
N/A
256
N/A
212
-17%
39
-81%
(152)
N/A
(151)
+1%
(42)
+72%
76
N/A
69
-9%
1
-99%
(56)
N/A
(22)
+61%
64
N/A
149
+132%
129
-13%
1
-99%
17
+2 063%
(66)
N/A
(82)
-24%
(38)
+53%
(61)
-60%
125
N/A
25
-80%
98
+292%
41
-58%
(64)
N/A
107
N/A
13
-88%
23
+74%
(96)
N/A
(99)
-3%
(76)
+23%
(54)
+28%
87
N/A
(8)
N/A
37
N/A
127
+240%
(129)
N/A
(32)
+76%
(100)
-215%
179
N/A
912
+409%
1 049
+15%
1 146
+9%
1 298
+13%
1 151
-11%
740
-36%
944
+28%
71
-92%
(780)
N/A
(1 072)
-37%
(1 888)
-76%
(1 338)
+29%
(1 168)
+13%
(716)
+39%
(129)
+82%
(281)
-119%
6
N/A
204
+3 518%
(4)
N/A
496
N/A
587
+19%
486
-17%

See Also

Summary
INDB intrinsic value, competitors valuation, and company profile.
DCF Valuation
INDB stock valuation using Discount Cash Flow valuation method.
Relative Valuation
INDB stock valuation using valuation multiples.
Wall Street Estimates
INDB price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
INDB stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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