Independent Bank Corp
IBCP- Exchange
- Nasdaq
- Industry
- State Commercial Banks
- SEC CIK
- 0000039311
In the last 90 days, Independent Bank Corp insiders filed 0 open-market purchases and 2 sales; 185 institutions reported holding it in 13F filings for Q2 2026, worth $649.0M in total; no superinvestor holds it.
- Currency
- USD
- Source
- SEC XBRL data (10-K, 10-Q, 20-F, 40-F)
- Updated
- Nov 5, 2026, 12:02 AM ET
Income statement
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 22, 2026 | Jan 23, 2025 | Jan 25, 2024 | Jan 26, 2023 | Jan 27, 2022 |
| Revenue | $32.1M | $32.0M | $32.9M | $31.6M | $29.1M |
| Interest expense | – | – | $83.3M | $19.4M | $8.31M |
| Income tax | $12.8M | $16.3M | $14.6M | $14.4M | $14.4M |
| Net income | $68.5M | $66.8M | $59.1M | $63.4M | $62.9M |
| EPS, basic | $3.30 | $3.20 | $2.82 | $3.00 | $2.91 |
| EPS, diluted | $3.27 | $3.16 | $2.79 | $2.97 | $2.88 |
| Weighted shares, basic | 20.8M | 20.9M | 21.0M | 21.1M | 21.6M |
| Margins and growth | |||||
| Net margin | 213.7% | 208.9% | 179.5% | 200.2% | 216.1% |
| Revenue growth, year over year | +0.3% | −2.8% | +4.0% | +8.7% | +21.1% |
| Net income growth, year over year | +2.6% | +13.1% | −6.8% | +0.7% | +12.0% |
Balance sheet
Each column is one fiscal year, newest first.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 22, 2026 | Jan 23, 2025 | Jan 25, 2024 | Jan 26, 2023 | Jan 27, 2022 |
| Cash and equivalents | $138.4M | $119.9M | $169.8M | $74.4M | $109.5M |
| Property, plant and equipment | $39.0M | $37.5M | $35.5M | $35.9M | $36.4M |
| Goodwill | $28.3M | $28.3M | $28.3M | $28.3M | $28.3M |
| Intangible assets | $1.00M | $1.49M | $2.00M | $2.55M | $3.34M |
| Total assets | $5.51B | $5.34B | $5.26B | $5.00B | $4.70B |
| Total liabilities | $5.00B | $4.88B | $4.86B | $4.65B | $4.31B |
| Shareholders' equity | $503.0M | $454.7M | $404.4M | $347.6M | $398.5M |
Cash flow statement
Each column is one fiscal year, newest first. Free cash flow is operating cash flow minus capital expenditures.
| Line item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Period end | Dec 31, 2025 | Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 |
| Filing | 10-K | 10-K | 10-K | 10-K | 10-K |
| Reported | Jan 22, 2026 | Jan 23, 2025 | Jan 25, 2024 | Jan 26, 2023 | Jan 27, 2022 |
| Operating cash flow | $76.7M | $63.2M | $75.6M | $94.6M | $110.2M |
| Capital expenditures | $6.49M | $7.95M | $6.02M | $5.68M | $5.84M |
| Free cash flow | $70.2M | $55.2M | $69.6M | $89.0M | $104.3M |
| Depreciation and amortization | $9.91M | $10.0M | $10.0M | $10.8M | $12.1M |
| Stock-based compensation | $2.72M | $2.33M | $2.23M | $2.14M | $1.95M |
| Dividends paid | $21.6M | $20.0M | $19.3M | $18.6M | $18.2M |
| Share buybacks | $12.4M | $0 | $5.16M | $4.01M | $17.3M |
| Investing cash flow | -$122.5M | -$118.2M | -$162.9M | -$424.6M | -$563.1M |
| Financing cash flow | $64.3M | $5.11M | $182.8M | $294.9M | $443.7M |
| Ratio | |||||
| Stock-based compensation, % of revenue | 8.5% | 7.3% | 6.8% | 6.8% | 6.7% |
Shares outstanding
Common shares outstanding as stated on the cover of each 10-K and 10-Q. The date is the cover date, not the period end; a rising count means dilution.
| Cover date | Shares outstanding | Change in a year | Filing |
|---|---|---|---|
| Nov 3, 2026 | 22.1M | +6.7% | SEC |
| Aug 4, 2026 | 22.2M | +7.2% | SEC |
| May 5, 2026 | 20.6M | −0.6% | SEC |
| Mar 5, 2026 | 20.6M | −1.8% | SEC |
| Nov 4, 2025 | 20.7M | −1.0% | SEC |
| Aug 5, 2025 | 20.7M | −0.9% | SEC |
| May 6, 2025 | 20.7M | −0.9% | SEC |
| Mar 6, 2025 | 21.0M | +0.3% | SEC |
Notes and known gaps
How these numbers are put together, and what they can't tell you.
- Numbers come from the XBRL data in each period's original 10-K, 10-Q, 20-F or 40-F, or its amendment. They are shown as filed: later filings don't restate earlier periods here.
- Reported is the filing date of the first 8-K with Item 2.02 (results of operations) after the period ended, no later than the 10-Q or 10-K and within 120 days. Companies that release results only in the 10-Q, and foreign companies, which use Form 6-K, have none.
Known gaps
- Foreign companies that file Form 20-F or 40-F have annual statements only: their quarterly results are furnished on Form 6-K, which has no XBRL data.
- EPS and share counts are as reported at the time, not adjusted for later stock splits.
- For ADRs, EPS is per ordinary share, not per ADS (one TSMC ADS is five ordinary shares).
- For banks, revenue may be interest income only, depending on how the bank tags its filings; cost of revenue and gross profit are usually blank.
- Companies with several share classes, such as Berkshire Hathaway, may have no EPS and no cover share count.
- Depreciation and amortization is missing for some companies that report it under their own XBRL tags.