Independent Bank Corp (Massachusetts)
NASDAQ:INDB
Income Statement
Income Statement
Independent Bank Corp (Massachusetts)
| 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 | Dec-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Interest Income |
95
|
98
|
100
|
100
|
100
|
99
|
97
|
96
|
96
|
94
|
95
|
98
|
100
|
104
|
105
|
106
|
106
|
106
|
105
|
103
|
100
|
98
|
96
|
95
|
98
|
104
|
111
|
117
|
121
|
130
|
140
|
151
|
161
|
163
|
163
|
164
|
165
|
166
|
167
|
167
|
168
|
168
|
169
|
173
|
176
|
179
|
181
|
183
|
185
|
189
|
193
|
196
|
200
|
204
|
210
|
215
|
219
|
221
|
224
|
228
|
233
|
241
|
250
|
259
|
267
|
277
|
286
|
298
|
312
|
345
|
373
|
393
|
405
|
390
|
376
|
368
|
369
|
371
|
371
|
402
|
443
|
495
|
567
|
613
|
635
|
643
|
630
|
607
|
585
|
570
|
562
|
562
|
570
|
579
|
641
|
709
|
|
| Interest Income |
145
|
145
|
143
|
141
|
138
|
135
|
132
|
128
|
127
|
126
|
129
|
135
|
141
|
147
|
151
|
156
|
159
|
162
|
166
|
168
|
167
|
166
|
163
|
159
|
160
|
165
|
170
|
175
|
178
|
187
|
195
|
203
|
210
|
209
|
206
|
203
|
201
|
199
|
197
|
196
|
195
|
194
|
193
|
196
|
199
|
202
|
205
|
206
|
208
|
211
|
214
|
217
|
220
|
225
|
230
|
236
|
239
|
241
|
243
|
247
|
251
|
258
|
268
|
277
|
287
|
298
|
309
|
324
|
342
|
384
|
421
|
447
|
463
|
441
|
419
|
402
|
394
|
391
|
386
|
415
|
456
|
508
|
585
|
643
|
689
|
740
|
773
|
796
|
817
|
830
|
844
|
853
|
857
|
863
|
941
|
1 022
|
|
| Interest Expense |
50
|
47
|
43
|
41
|
39
|
36
|
34
|
33
|
32
|
32
|
34
|
37
|
40
|
43
|
46
|
50
|
53
|
56
|
61
|
65
|
67
|
68
|
66
|
64
|
63
|
61
|
60
|
59
|
57
|
56
|
55
|
52
|
49
|
46
|
42
|
39
|
36
|
33
|
31
|
29
|
27
|
26
|
24
|
23
|
23
|
23
|
24
|
23
|
23
|
22
|
21
|
20
|
20
|
20
|
21
|
21
|
20
|
20
|
19
|
19
|
18
|
18
|
18
|
18
|
19
|
21
|
23
|
26
|
29
|
39
|
48
|
54
|
58
|
51
|
43
|
34
|
25
|
20
|
16
|
14
|
13
|
13
|
17
|
30
|
54
|
97
|
143
|
189
|
232
|
260
|
281
|
291
|
287
|
284
|
300
|
314
|
|
| Non Interest Income |
22
|
22
|
22
|
23
|
23
|
26
|
28
|
28
|
29
|
27
|
27
|
28
|
28
|
28
|
28
|
27
|
27
|
28
|
27
|
27
|
28
|
29
|
30
|
33
|
33
|
33
|
34
|
29
|
31
|
36
|
32
|
38
|
38
|
36
|
43
|
47
|
50
|
52
|
53
|
53
|
54
|
56
|
59
|
62
|
64
|
66
|
68
|
68
|
70
|
70
|
69
|
70
|
69
|
73
|
75
|
76
|
79
|
79
|
81
|
82
|
82
|
83
|
83
|
83
|
84
|
85
|
87
|
89
|
90
|
97
|
105
|
115
|
120
|
120
|
117
|
111
|
110
|
107
|
104
|
106
|
107
|
110
|
112
|
115
|
117
|
120
|
125
|
125
|
126
|
128
|
128
|
128
|
131
|
133
|
139
|
149
|
|
| Revenue |
116
N/A
|
120
+3%
|
122
+1%
|
123
+1%
|
122
0%
|
124
+2%
|
125
+1%
|
124
-1%
|
125
+1%
|
121
-2%
|
122
+0%
|
126
+4%
|
128
+1%
|
132
+3%
|
134
+2%
|
133
0%
|
133
+0%
|
133
N/A
|
132
-1%
|
129
-2%
|
128
-1%
|
127
-1%
|
126
-1%
|
128
+2%
|
130
+2%
|
137
+5%
|
144
+6%
|
146
+1%
|
152
+4%
|
167
+10%
|
172
+3%
|
189
+10%
|
199
+5%
|
199
0%
|
206
+4%
|
211
+2%
|
215
+2%
|
218
+2%
|
219
+1%
|
220
+0%
|
222
+1%
|
224
+1%
|
229
+2%
|
235
+3%
|
240
+2%
|
244
+2%
|
249
+2%
|
251
+1%
|
255
+2%
|
259
+1%
|
262
+1%
|
266
+1%
|
269
+1%
|
277
+3%
|
284
+3%
|
291
+2%
|
297
+2%
|
301
+1%
|
305
+1%
|
310
+2%
|
315
+2%
|
323
+2%
|
333
+3%
|
342
+3%
|
351
+3%
|
361
+3%
|
373
+3%
|
387
+4%
|
402
+4%
|
442
+10%
|
479
+8%
|
508
+6%
|
525
+3%
|
510
-3%
|
494
-3%
|
479
-3%
|
479
+0%
|
478
0%
|
475
-1%
|
508
+7%
|
550
+8%
|
605
+10%
|
679
+12%
|
728
+7%
|
752
+3%
|
762
+1%
|
755
-1%
|
731
-3%
|
711
-3%
|
698
-2%
|
690
-1%
|
690
0%
|
700
+2%
|
712
+2%
|
780
+10%
|
858
+10%
|
|
| Pre-Tax Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Loan Loss Provision |
(5)
|
(6)
|
(5)
|
(5)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
(4)
|
(3)
|
(3)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(5)
|
(7)
|
(11)
|
(14)
|
(16)
|
(19)
|
(17)
|
(18)
|
(20)
|
(20)
|
(19)
|
(16)
|
(13)
|
(11)
|
(12)
|
(11)
|
(16)
|
(18)
|
(18)
|
(18)
|
(12)
|
(12)
|
(10)
|
(14)
|
(13)
|
(12)
|
(10)
|
(6)
|
(4)
|
(3)
|
(2)
|
(3)
|
(2)
|
(3)
|
(6)
|
(6)
|
(7)
|
(6)
|
(3)
|
(3)
|
(4)
|
(5)
|
(5)
|
(5)
|
(4)
|
(3)
|
(6)
|
(30)
|
(49)
|
(57)
|
(53)
|
(25)
|
0
|
18
|
(18)
|
(19)
|
(24)
|
(37)
|
(7)
|
(16)
|
(21)
|
(23)
|
(23)
|
(21)
|
(20)
|
(34)
|
(36)
|
(46)
|
(49)
|
(68)
|
(65)
|
|
| Non Interest Expense |
(76)
|
(81)
|
(80)
|
(81)
|
(81)
|
(79)
|
(79)
|
(78)
|
(79)
|
(77)
|
(77)
|
(79)
|
(79)
|
(80)
|
(81)
|
(81)
|
(81)
|
(82)
|
(81)
|
(79)
|
(80)
|
(83)
|
(84)
|
(88)
|
(91)
|
(95)
|
(100)
|
(104)
|
(109)
|
(127)
|
(134)
|
(142)
|
(147)
|
(135)
|
(138)
|
(140)
|
(143)
|
(145)
|
(146)
|
(146)
|
(147)
|
(147)
|
(152)
|
(160)
|
(165)
|
(170)
|
(171)
|
(174)
|
(173)
|
(173)
|
(175)
|
(172)
|
(185)
|
(191)
|
(195)
|
(197)
|
(189)
|
(187)
|
(187)
|
(192)
|
(194)
|
(200)
|
(205)
|
(204)
|
(209)
|
(209)
|
(213)
|
(226)
|
(229)
|
(269)
|
(281)
|
(284)
|
(295)
|
(268)
|
(268)
|
(274)
|
(277)
|
(283)
|
(289)
|
(333)
|
(358)
|
(376)
|
(396)
|
(374)
|
(377)
|
(382)
|
(387)
|
(393)
|
(394)
|
(398)
|
(401)
|
(406)
|
(412)
|
(422)
|
(482)
|
(530)
|
|
| Pre-Tax Income |
35
N/A
|
34
-4%
|
36
+7%
|
37
+3%
|
37
-2%
|
41
+13%
|
42
+1%
|
42
+0%
|
42
+0%
|
41
-2%
|
42
+2%
|
44
+5%
|
46
+4%
|
48
+4%
|
49
+1%
|
48
-1%
|
48
-1%
|
48
+1%
|
48
0%
|
48
-1%
|
46
-4%
|
41
-10%
|
39
-5%
|
37
-5%
|
36
-2%
|
37
+1%
|
38
+4%
|
31
-20%
|
30
-1%
|
24
-22%
|
20
-15%
|
30
+48%
|
34
+13%
|
43
+26%
|
49
+15%
|
53
+8%
|
56
+6%
|
61
+9%
|
63
+3%
|
63
N/A
|
64
+2%
|
61
-5%
|
60
-2%
|
57
-4%
|
57
-1%
|
62
+9%
|
67
+8%
|
67
+0%
|
69
+4%
|
73
+5%
|
75
+3%
|
84
+12%
|
78
-6%
|
82
+5%
|
87
+5%
|
92
+6%
|
106
+15%
|
111
+5%
|
115
+3%
|
112
-2%
|
115
+2%
|
116
+1%
|
122
+5%
|
135
+10%
|
139
+3%
|
148
+7%
|
155
+4%
|
156
+1%
|
168
+8%
|
169
+0%
|
194
+15%
|
218
+12%
|
200
-8%
|
192
-4%
|
170
-12%
|
153
-10%
|
178
+16%
|
195
+10%
|
203
+4%
|
157
-23%
|
173
+11%
|
205
+19%
|
246
+20%
|
348
+41%
|
359
+3%
|
359
+0%
|
344
-4%
|
315
-8%
|
296
-6%
|
280
-6%
|
255
-9%
|
247
-3%
|
242
-2%
|
241
0%
|
230
-5%
|
262
+14%
|
|
| Net Income | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Tax Provision |
(12)
|
(11)
|
(12)
|
(12)
|
(16)
|
(16)
|
(16)
|
(16)
|
(12)
|
(13)
|
(13)
|
(14)
|
(14)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(15)
|
(14)
|
(12)
|
(11)
|
(9)
|
(8)
|
(8)
|
(10)
|
(7)
|
(6)
|
(5)
|
(3)
|
(7)
|
(8)
|
(9)
|
(11)
|
(12)
|
(14)
|
(16)
|
(17)
|
(17)
|
(18)
|
(17)
|
(16)
|
(15)
|
(14)
|
(15)
|
(17)
|
(17)
|
(18)
|
(19)
|
(21)
|
(24)
|
(22)
|
(24)
|
(25)
|
(27)
|
(32)
|
(34)
|
(36)
|
(35)
|
(36)
|
(37)
|
(40)
|
(45)
|
(43)
|
(42)
|
(39)
|
(34)
|
(39)
|
(40)
|
(47)
|
(53)
|
(44)
|
(41)
|
(36)
|
(37)
|
(46)
|
(51)
|
(54)
|
(36)
|
(41)
|
(49)
|
(58)
|
(84)
|
(87)
|
(87)
|
(83)
|
(76)
|
(70)
|
(65)
|
(58)
|
(55)
|
(53)
|
(53)
|
(50)
|
(57)
|
|
| Income from Continuing Operations |
24
|
23
|
24
|
25
|
21
|
26
|
26
|
26
|
31
|
28
|
29
|
31
|
32
|
33
|
34
|
33
|
33
|
34
|
33
|
33
|
32
|
29
|
29
|
28
|
28
|
28
|
29
|
24
|
24
|
19
|
17
|
23
|
26
|
33
|
37
|
40
|
42
|
45
|
46
|
45
|
47
|
44
|
44
|
43
|
43
|
47
|
50
|
50
|
52
|
53
|
54
|
60
|
56
|
59
|
62
|
65
|
74
|
77
|
79
|
77
|
79
|
79
|
82
|
89
|
96
|
107
|
116
|
122
|
129
|
129
|
148
|
165
|
157
|
151
|
134
|
116
|
131
|
144
|
149
|
121
|
132
|
157
|
189
|
264
|
272
|
273
|
262
|
240
|
226
|
215
|
197
|
192
|
189
|
189
|
180
|
205
|
|
| Net Income (Common) |
23
N/A
|
21
-6%
|
23
+7%
|
24
+3%
|
20
-16%
|
26
+29%
|
26
+2%
|
26
+1%
|
31
+16%
|
28
-8%
|
29
+3%
|
31
+7%
|
32
+4%
|
33
+4%
|
34
+1%
|
33
-2%
|
33
N/A
|
34
+1%
|
33
0%
|
33
-1%
|
32
-4%
|
29
-8%
|
29
-1%
|
28
-1%
|
28
-1%
|
28
+0%
|
29
+2%
|
24
-16%
|
23
-5%
|
13
-43%
|
11
-15%
|
17
+56%
|
21
+23%
|
33
+56%
|
37
+13%
|
40
+7%
|
42
+5%
|
45
+7%
|
46
+2%
|
45
-2%
|
47
+2%
|
44
-5%
|
44
-1%
|
43
-3%
|
43
+0%
|
47
+9%
|
50
+7%
|
50
+1%
|
52
+2%
|
53
+4%
|
54
+2%
|
60
+10%
|
56
-7%
|
59
+5%
|
62
+5%
|
65
+6%
|
74
+14%
|
77
+4%
|
79
+2%
|
77
-3%
|
79
+3%
|
79
+0%
|
82
+4%
|
87
+6%
|
94
+8%
|
105
+11%
|
114
+9%
|
122
+7%
|
129
+6%
|
129
0%
|
148
+15%
|
165
+12%
|
157
-5%
|
151
-4%
|
134
-11%
|
121
-10%
|
136
+12%
|
149
+9%
|
154
+3%
|
121
-21%
|
132
+9%
|
157
+18%
|
189
+20%
|
264
+40%
|
272
+3%
|
273
+0%
|
262
-4%
|
240
-8%
|
226
-6%
|
215
-5%
|
197
-8%
|
192
-2%
|
189
-2%
|
189
0%
|
180
-5%
|
205
+14%
|
|
| EPS (Diluted) |
1.57
N/A
|
1.47
-6%
|
1.57
+7%
|
1.61
+3%
|
1.37
-15%
|
1.76
+28%
|
1.76
N/A
|
1.79
+2%
|
2.08
+16%
|
1.9
-9%
|
1.88
-1%
|
2.03
+8%
|
2.06
+1%
|
2.12
+3%
|
2.18
+3%
|
2.14
-2%
|
2.14
N/A
|
2.2
+3%
|
2.24
+2%
|
2.17
-3%
|
2.16
0%
|
2.04
-6%
|
2.06
+1%
|
2
-3%
|
1.97
-2%
|
1.72
-13%
|
1.75
+2%
|
1.52
-13%
|
1.4
-8%
|
0.64
-54%
|
0.52
-19%
|
0.88
+69%
|
1.01
+15%
|
1.55
+53%
|
1.78
+15%
|
1.9
+7%
|
1.99
+5%
|
2.1
+6%
|
2.16
+3%
|
2.12
-2%
|
2.16
+2%
|
2.05
-5%
|
2.02
-1%
|
1.95
-3%
|
1.86
-5%
|
2.03
+9%
|
2.16
+6%
|
2.18
+1%
|
2.15
-1%
|
2.22
+3%
|
2.28
+3%
|
2.49
+9%
|
2.15
-14%
|
2.24
+4%
|
2.34
+4%
|
2.5
+7%
|
2.83
+13%
|
2.93
+4%
|
3
+2%
|
2.9
-3%
|
2.9
N/A
|
2.89
0%
|
2.99
+3%
|
3.18
+6%
|
3.41
+7%
|
3.79
+11%
|
4.12
+9%
|
4.4
+7%
|
4.58
+4%
|
3.74
-18%
|
4.28
+14%
|
5.03
+18%
|
4.58
-9%
|
4.57
0%
|
4.06
-11%
|
3.63
-11%
|
4.12
+13%
|
4.49
+9%
|
4.64
+3%
|
3.47
-25%
|
2.79
-20%
|
3.35
+20%
|
4.1
+22%
|
5.69
+39%
|
6.04
+6%
|
6.18
+2%
|
5.93
-4%
|
5.42
-9%
|
5.3
-2%
|
5.05
-5%
|
4.63
-8%
|
4.52
-2%
|
4.44
-2%
|
4.43
0%
|
3.59
-19%
|
4.44
+24%
|
|