# Independent Bank Corp: financial statements, quarterly

INDB · Nasdaq · CIK 776901 · [Financials](/sectors/financials.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/indb.md) · [Financials](/companies/indb/financials.md) · [Filings](/companies/indb/filings.md) · [Insiders](/companies/indb/insiders.md)

Standardized line items from XBRL company facts. Each value links to its filing; d marks a value derived from year-to-date figures. Other view: [annual](/companies/indb/financials.md?period=annual).

## Income statement

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Interest expense | $m | [53.0](/filings/0000776901-23-000225.md) | [62.1 d](/filings/0000776901-24-000069.md) | [70.6](/filings/0000776901-24-000107.md) | [73.9](/filings/0000776901-24-000152.md) | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Income tax | $m | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Net income | $m | [60.8](/filings/0000776901-24-000165.md) | [54.8 d](/filings/0000776901-26-000058.md) | [47.8](/filings/0000776901-25-000148.md) | [51.3](/filings/0000776901-25-000269.md) | [42.9](/filings/0000776901-25-000308.md) | [50.0 d](/filings/0000776901-26-000058.md) | [44.4](/filings/0000776901-26-000104.md) | [51.1](/filings/0000776901-26-000129.md) | [34.3](/filings/0000776901-25-000308.md) | [75.3 d](/filings/0000776901-26-000058.md) | [79.9](/filings/0000776901-26-000104.md) | [81.8](/filings/0000776901-26-000129.md) |
| Diluted EPS | $ per share | [1.38](/filings/0000776901-24-000165.md) | not reported | [1.12](/filings/0000776901-25-000148.md) | [1.21](/filings/0000776901-25-000269.md) | [1.01](/filings/0000776901-25-000308.md) | not reported | [1.04](/filings/0000776901-26-000104.md) | [1.20](/filings/0000776901-26-000129.md) | [0.69](/filings/0000776901-25-000308.md) | not reported | [1.63](/filings/0000776901-26-000104.md) | [1.70](/filings/0000776901-26-000129.md) |
| Basic EPS | $ per share | [1.38](/filings/0000776901-24-000165.md) | not reported | [1.12](/filings/0000776901-25-000148.md) | [1.21](/filings/0000776901-25-000269.md) | [1.01](/filings/0000776901-25-000308.md) | not reported | [1.04](/filings/0000776901-26-000104.md) | [1.20](/filings/0000776901-26-000129.md) | [0.69](/filings/0000776901-25-000308.md) | not reported | [1.63](/filings/0000776901-26-000104.md) | [1.70](/filings/0000776901-26-000129.md) |

- Interest expense: us-gaap:InterestExpense
- Income tax: not reported
- Net income: us-gaap:NetIncomeLoss
- Diluted EPS: us-gaap:EarningsPerShareDiluted
- Basic EPS: us-gaap:EarningsPerShareBasic

## Balance sheet

| Line item | Unit | Q3 FY2023 (2023-09-30) | FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Total assets | $bn | [19.4](/filings/0000776901-23-000225.md) | [19.3](/filings/0000776901-25-000093.md) | [19.3](/filings/0000776901-24-000107.md) | [19.4](/filings/0000776901-24-000152.md) | [19.4](/filings/0000776901-24-000165.md) | [19.4](/filings/0000776901-26-000058.md) | [19.9](/filings/0000776901-25-000148.md) | [20.0](/filings/0000776901-25-000269.md) | [25.0](/filings/0000776901-25-000308.md) | [24.9](/filings/0000776901-26-000129.md) | [24.8](/filings/0000776901-26-000104.md) | [25.0](/filings/0000776901-26-000129.md) |
| Total liabilities | $bn | [16.5](/filings/0000776901-23-000225.md) | [16.5](/filings/0000776901-25-000093.md) | [16.4](/filings/0000776901-24-000107.md) | [16.5](/filings/0000776901-24-000152.md) | [16.4](/filings/0000776901-24-000165.md) | [16.4](/filings/0000776901-26-000058.md) | [16.9](/filings/0000776901-25-000148.md) | [17.0](/filings/0000776901-25-000269.md) | [21.4](/filings/0000776901-25-000308.md) | [21.3](/filings/0000776901-26-000129.md) | [21.2](/filings/0000776901-26-000104.md) | [21.5](/filings/0000776901-26-000129.md) |
| Long-term debt | $bn | [0.1](/filings/0000776901-23-000225.md) | [0.1](/filings/0000776901-25-000093.md) | not reported | not reported | not reported | [0.1](/filings/0000776901-26-000058.md) | not reported | not reported | not reported | [0.4](/filings/0000776901-26-000058.md) | not reported | not reported |
| Short-term borrowings | $bn | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Shareholders' equity | $bn | [2.9](/filings/0000776901-24-000165.md) | [2.9](/filings/0000776901-26-000058.md) | [2.9](/filings/0000776901-25-000269.md) | [2.9](/filings/0000776901-25-000308.md) | [3.0](/filings/0000776901-25-000308.md) | [3.0](/filings/0000776901-26-000129.md) | [3.0](/filings/0000776901-26-000129.md) | [3.1](/filings/0000776901-26-000129.md) | [3.5](/filings/0000776901-25-000308.md) | [3.6](/filings/0000776901-26-000129.md) | [3.5](/filings/0000776901-26-000129.md) | [3.5](/filings/0000776901-26-000129.md) |

- Total assets: us-gaap:Assets
- Total liabilities: us-gaap:Liabilities
- Long-term debt: us-gaap:LongTermDebtNoncurrent
- Short-term borrowings: not reported
- Shareholders' equity: us-gaap:StockholdersEquity

## Cash flow

| Line item | Unit | Q3 FY2023 (2023-09-30) | Q4 FY2023 (2023-12-31) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Operating cash flow | $m | [81.3 d](/filings/0000776901-24-000165.md) | [53.5 d](/filings/0000776901-26-000058.md) | [51.1](/filings/0000776901-25-000148.md) | [65.6 d](/filings/0000776901-25-000269.md) | [70.2 d](/filings/0000776901-25-000308.md) | [42.9 d](/filings/0000776901-26-000058.md) | [13.3](/filings/0000776901-26-000104.md) | [107 d](/filings/0000776901-26-000129.md) | [52.2 d](/filings/0000776901-25-000308.md) | [78.9 d](/filings/0000776901-26-000058.md) | [117](/filings/0000776901-26-000104.md) | [73.4 d](/filings/0000776901-26-000129.md) |
| Capital expenditure | $m | [2.9 d](/filings/0000776901-24-000165.md) | [6.3 d](/filings/0000776901-26-000058.md) | [4.5](/filings/0000776901-25-000148.md) | [3.7 d](/filings/0000776901-25-000269.md) | [5.9 d](/filings/0000776901-25-000308.md) | [6.4 d](/filings/0000776901-26-000058.md) | [2.0](/filings/0000776901-26-000104.md) | [4.2 d](/filings/0000776901-26-000129.md) | [2.5 d](/filings/0000776901-25-000308.md) | [3.4 d](/filings/0000776901-26-000058.md) | [5.6](/filings/0000776901-26-000104.md) | [6.4 d](/filings/0000776901-26-000129.md) |
| Dividends paid | $m | [24.3 d](/filings/0000776901-24-000165.md) | [24.3 d](/filings/0000776901-26-000058.md) | [23.6](/filings/0000776901-25-000148.md) | [24.2 d](/filings/0000776901-25-000269.md) | [24.2 d](/filings/0000776901-25-000308.md) | [24.2 d](/filings/0000776901-26-000058.md) | [24.2](/filings/0000776901-26-000104.md) | [25.1 d](/filings/0000776901-26-000129.md) | [25.2 d](/filings/0000776901-25-000308.md) | [29.4 d](/filings/0000776901-26-000058.md) | [29.1](/filings/0000776901-26-000104.md) | [31.1 d](/filings/0000776901-26-000129.md) |
| Share repurchases | $m | [0.0 d](/filings/0000776901-24-000165.md) | [69.0 d](/filings/0000776901-26-000058.md) | [31.0](/filings/0000776901-25-000148.md) | [0.0 d](/filings/0000776901-25-000269.md) | [0.0 d](/filings/0000776901-25-000308.md) | [0.0 d](/filings/0000776901-26-000058.md) | [0.0](/filings/0000776901-26-000104.md) | [0.0 d](/filings/0000776901-26-000129.md) | [23.4 d](/filings/0000776901-25-000308.md) | [37.5 d](/filings/0000776901-26-000058.md) | [63.3](/filings/0000776901-26-000104.md) | [75.0 d](/filings/0000776901-26-000129.md) |

- Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities
- Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment
- Dividends paid: us-gaap:PaymentsOfDividendsCommonStock
- Share repurchases: us-gaap:PaymentsForRepurchaseOfCommonStock

## Shares

| Line item | Unit | Q3 FY2022 (2022-09-30) | Q3 FY2023 (2023-03-31) | Q2 FY2023 (2023-06-30) | Q3 FY2023 (2023-09-30) | Q1 FY2024 (2024-03-31) | Q2 FY2024 (2024-06-30) | Q3 FY2024 (2024-09-30) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Diluted shares (weighted) | millions of shares | [45.9](/filings/0000776901-23-000225.md) | [45.0](/filings/0000776901-24-000107.md) | [44.1](/filings/0000776901-24-000152.md) | [44.1](/filings/0000776901-24-000165.md) | [42.6](/filings/0000776901-25-000148.md) | [42.5](/filings/0000776901-25-000269.md) | [42.5](/filings/0000776901-25-000308.md) | [42.6](/filings/0000776901-26-000104.md) | [42.6](/filings/0000776901-26-000129.md) | [50.0](/filings/0000776901-25-000308.md) | [49.0](/filings/0000776901-26-000104.md) | [48.1](/filings/0000776901-26-000129.md) |

- Diluted shares (weighted): us-gaap:WeightedAverageNumberOfDilutedSharesOutstanding

Shares outstanding: 47,369,099 at 2026-08-04, from the cover of the [10-Q filed 2026-08-06](/filings/0000776901-26-000129.md) (dei:EntityCommonStockSharesOutstanding).

Source: SEC EDGAR, XBRL company facts. Last ingested by Listed: Oct 24, 2026, 15:24 ET. No prices; not investment advice.