Independent Bank Corp. (INDB) Financial Statements (2026 and earlier)

Company Profile

Business Address 288 UNION STREET
ROCKLAND, MA 02370
State of Incorp. MA
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)
Annual | Quarterly

3/31/2026
MRQ
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments798,203245,339251,827377,9402,267,5771,321,581
Cash and cash equivalent771,902219,890224,330352,9332,240,6841,296,636
Short-term investments26,30125,44927,49725,00726,89324,945
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss✕✕✕4,3004,400  
Total current assets:798,203245,339256,127382,3402,267,5771,321,581
Noncurrent Assets
Operating lease, right-of-use asset 73,20054,50054,10058,90060,20049,700
Property, plant, and equipment, after accumulated depreciation, depletion, and amortization218,190193,320193,049196,504195,590116,393
Intangible asset, including goodwill, after accumulated amortization1,224,186997,3561,003,2621,010,1401,017,844529,313
Goodwill1,090,610985,072985,072985,072985,072506,206
Intangible asset, excluding goodwill, after accumulated amortization133,57612,28418,19025,06832,77223,107
Investment, proportional amortization method, elected, amount 230,701184,373156,984139,454135,49797,435
Total noncurrent assets:1,746,2771,429,5491,407,3951,404,9981,409,131792,841
Other undisclosed assets22,368,41617,698,67717,683,85117,506,83616,746,69711,089,879
TOTAL ASSETS:24,912,89619,373,56519,347,37319,294,17420,423,40513,204,301
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt  200,000400,000 25,00035,042
Total current liabilities:  200,000400,000 25,00035,042
Noncurrent Liabilities
Long-term debt and lease obligation 359,34562,860112,838112,740126,707145,320
Long-term debt, excluding current maturities 359,34562,860112,838112,740126,707145,320
Liabilities, other than long-term debt 100,27771,74858,73157,91373,33649,586
Investment program, proportional amortization method, elected, commitment 100,27771,74858,73157,91373,33649,586
Total noncurrent liabilities: 459,622134,608171,569170,653200,043194,906
Other undisclosed liabilities20,887,54616,045,83715,880,55316,236,82017,179,91311,271,668
Total liabilities:21,347,16816,380,44516,452,12216,407,47317,404,95611,501,616
Equity
Equity, attributable to parent3,565,7282,993,1202,895,2512,886,7013,018,4491,702,685
Common stock490423427455472328
Additional paid in capital2,335,8791,909,9801,932,1632,114,8882,249,078945,638
Accumulated other comprehensive income (loss)(39,754)(90,007)(114,827)(163,084)2,18340,695
Retained earnings1,269,1131,172,7241,077,488934,442766,716716,024
Total equity:3,565,7282,993,1202,895,2512,886,7013,018,4491,702,685
TOTAL LIABILITIES AND EQUITY:24,912,89619,373,56519,347,37319,294,17420,423,40513,204,301

Income Statement (P&L) ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Revenues
(Net Investment Income)		1,022,055852,747795,720642,834415,260402,034
Cost of revenue(82,379)(42,155)(30,128)(7,655)(23,920)(58,302)
Cost of product and service sold (16,910)(5,905)(6,878)(7,655)(5,715)(5,802)
Provision for loan, lease, and other losses(65,469)(36,250)(23,250) (18,205)(52,500)
Gross profit:939,676810,592765,592635,179391,340343,732
Operating expenses(115,024)(71,056)(69,420)(75,878)(96,360)(57,723)
Other operating income, net
(Noninterest Income, Other Operating Income)		26,02024,95727,01222,79317,58415,641
Operating income:850,672764,493723,184582,094312,564301,650
Nonoperating income
(Bank Owned Life Insurance Income)		9,4348,0867,8687,6856,4315,362
Interest and debt expense   (189,205)(29,591)(13,717)(34,341)
Other undisclosed loss from continuing operations before equity method investments, income taxes(597,936)(525,452)(226,713)(212,434) (119,835)
Income from continuing operations before equity method investments, income taxes:262,170247,127315,134347,754305,278152,836
Income from equity method investments     2,306 
Other undisclosed loss from continuing operations before income taxes      
Income from continuing operations before income taxes:262,170247,127315,134347,754307,584152,836
Income tax expense(57,048)(55,046)(75,632)(83,941)(35,683)(31,669)
Income from continuing operations:205,122192,081239,502263,813271,901121,167
Income before gain (loss) on sale of properties:✕✕✕✕✕271,901121,167
Net income:205,122192,081239,502263,813271,901121,167
Other undisclosed net loss attributable to parent    (150,909) 
Net income available to common stockholders, diluted:205,122192,081239,502263,813120,992121,167

Comprehensive Income ($ in thousands)
Annual | Quarterly

3/31/2026
TTM
12/31/2025
12/31/2024
12/31/2023
12/31/2022
12/31/2021
12/31/2020
Net income:205,122192,081239,502263,813271,901121,167
Other comprehensive income (loss)50,25324,82048,257(165,267)(38,512)22,526
Comprehensive income:255,375216,901287,75998,546233,389143,693
Other undisclosed comprehensive loss, net of tax, attributable to parent    (150,909) 
Comprehensive income, net of tax, attributable to parent:255,375216,901287,75998,54682,480143,693

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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