Independent Bank Corp.
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Independent Bank Corp.'s past years’ income statements indicate that its last revenue has increased compared to the previous period by 9% to $795,726,000. Profit margin reached 30%. Total operating expenses were $722,127,000.
Profit Margin
| 2014 | 264.86M | 59.84M | 22.59% |
|---|---|---|---|
| 2015 | 289.59M | 64.96M | 22.43% |
| 2016 | 310.24M | 76.64M | 24.71% |
| 2017 | 341.83M | 87.20M | 25.51% |
| 2018 | 386.67M | 121.62M | 31.45% |
| 2019 | 508.42M | 165.17M | 32.49% |
| 2020 | 477.45M | 121.16M | 25.38% |
| 2021 | 507.40M | 120.99M | 23.85% |
| 2022 | 727.91M | 263.81M | 36.24% |
| 2023 | 795.72M | 239.50M | 30.1% |
INDB Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 795.72M | 727.91M | 507.40M | 477.45M | 508.42M | 386.67M | 341.83M | 310.24M | 289.59M | 264.86M |
Cost of revenue | 0 | 0 | 0 | 0 | 0 | 3.42M | 0 | 0 | 0 | 0 |
Gross profit | 795.72M | 727.91M | 507.40M | 477.45M | 508.42M | 383.24M | 341.83M | 310.24M | 289.59M | 264.86M |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 4.08M | 4.25M | 5.44M | 4.94M | 4.98M | 5.20M | 4.64M | 3.85M |
Total operating expenses | 722.12M | -389.37M | -350.73M | -324.61M | -290.32M | -201.77M | -188.95M | -179.37M | -176.79M | -160.70M |
Operating income | 315.13M | 338.54M | 156.67M | 152.83M | 218.10M | 181.46M | 152.87M | 130.86M | 112.79M | 104.16M |
Other income (expenses), net | 0 | 9.20M | 156.67M | -62.55M | 218.10M | -25.53M | -44.81M | -18.79M | -51.51M | -43.86M |
Income before tax | 315.13M | 347.75M | 156.67M | 152.83M | 218.10M | 155.92M | 134.54M | 112.07M | 92.17M | 83.74M |
Income tax expense | 75.63M | 83.94M | 35.68M | 31.66M | 52.93M | 34.30M | 47.34M | 35.42M | 27.21M | 23.89M |
Net income | 239.50M | 263.81M | 120.99M | 121.16M | 165.17M | 121.62M | 87.20M | 76.64M | 64.96M | 59.84M |
Earnings per share | ||||||||||
Basic EPS | 5.42 | 5.69 | 3.47 | 3.64 | 5.03 | 4.41 | 3.19 | 2.9 | 2.51 | 2.5 |
Diluted EPS | 5.42 | 5.69 | 3.47 | 3.64 | 5.03 | 4.4 | 3.19 | 2.9 | 2.5 | 2.49 |
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