INDEPENDENT BANK CORP
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Interest expense | — | — | $189.2M | $29.6M | $13.7M |
| Pretax income | $262.2M | $247.1M | $315.1M | $347.8M | $156.7M |
| Income tax expense | $57.0M | $55.0M | $75.6M | $83.9M | $35.7M |
| Net income | $205.1M | $192.1M | $239.5M | $263.8M | $121.0M |
| Balance Sheet | |||||
| Total assets | $24.9B | $19.4B | $19.3B | $19.3B | $20.4B |
| Total liabilities | $21.3B | $16.4B | $16.5B | $16.4B | $17.4B |
| Total debt | $825.8M | $701.4M | $1.2B | $113.4M | $127.0M |
| Stockholders' equity | $3.6B | $3.0B | $2.9B | $2.9B | $3.0B |
| Cash Flow Statement | |||||
| Cash from operations | $251.2M | $229.9M | $277.0M | $421.2M | $190.2M |
| Depreciation and amortization | $22.5M | $19.9M | $18.9M | $18.4M | $12.5M |
| Stock-based compensation | $9.0M | $6.5M | $6.4M | $4.5M | $4.3M |
| Capital expenditure | $12.1M | $20.4M | $15.8M | $22.1M | $25.2M |
| Free cash flow | $239.0M | $209.5M | $261.1M | $399.1M | $165.0M |
| Dividends paid | $103.9M | $96.2M | $98.0M | $93.7M | $62.7M |
| Share repurchases | $60.8M | $31.0M | $188.9M | $139.9M | $0 |
Shares outstanding 48.3M · Free float 98.4%
Annual filing data through FY ended December 31, 2025; float as of July 8, 2026.