INDEPENDENT BANK CORP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), INDEPENDENT BANK CORP reported net income of $205.1M (+6.8% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Interest and fees on loans | $922.2M | $789.3M | $730.0M | $577.9M |
| Interest Income, Securities, Operating, Taxable | $79.3M | $57.1M | $60.3M | $50.4M |
| Non-taxable interest and dividends on securities | $345.0K | $6.0K | $6.0K | $6.0K |
| Interest on loans held for sale | $796.0K | $712.0K | $190.0K | $172.0K |
| Interest on federal funds sold and short-term investments | $19.8M | $5.7M | $5.2M | $14.4M |
| Total interest and dividend income | $1.0B | $852.8M | $795.7M | $642.8M |
| Interest on deposits | $274.4M | $247.0M | $144.8M | $24.7M |
| Interest on borrowings | $39.2M | $44.1M | $44.5M | $4.9M |
| Total interest expense | $313.6M | $291.0M | $189.2M | $29.6M |
| Net interest income | $708.8M | $561.7M | $606.5M | $613.2M |
| Provision for Loan and Lease Losses | $65.5M | $36.3M | $23.3M | $6.5M |
| Net interest income after provision for credit losses | $643.4M | $525.5M | $583.3M | $606.7M |
| Deposit account fees | $32.1M | $26.5M | $23.5M | $23.4M |
| Interchange and ATM fees | $21.0M | $19.1M | $18.1M | $16.2M |
| Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions | $50.0M | $42.7M | $40.2M | $36.8M |
| Fees and Commission Mortgage Banking | $4.5M | $4.1M | $2.3M | $3.5M |
| Increase in cash surrender value of life insurance policies | $9.4M | $8.1M | $7.9M | $7.7M |
| Gain Realized on Life Insurance Policies | $2.0M | $457.0K | $2.3M | $1.3M |
| Derivative, Gain (Loss) on Derivative, Net | $3.6M | $2.1M | $3.3M | $2.9M |
| Other non-interest income | $26.0M | $25.0M | $27.0M | $22.8M |
| Total non-interest income | $148.7M | $128.0M | $124.6M | $114.7M |
| Salaries and employee benefits | $287.5M | $233.7M | $222.1M | $204.7M |
| Occupancy and equipment expenses | $57.6M | $52.1M | $50.6M | $49.8M |
| Data processing & facilities management | $11.2M | $10.0M | $9.9M | $9.3M |
| FDIC assessment | $12.5M | $10.9M | $12.0M | $7.0M |
| Consulting expense | $6.6M | $7.1M | $9.0M | $9.6M |
| Cost, Amortization | $16.9M | $5.9M | $6.9M | $7.7M |
| Debit Card Expense | $8.5M | $6.6M | $9.0M | $7.7M |
| Merger and acquisition expense | $39.6M | $1.9M | $0 | $7.1M |
| Software Maintenance | $24.2M | $18.2M | $13.1M | $11.0M |
| Other non-interest expenses | $65.2M | $60.1M | $60.2M | $59.8M |
| Total non-interest expenses | $529.9M | $406.4M | $392.7M | $373.7M |
| Income before income taxes | $262.2M | $247.1M | $315.1M | $347.8M |
| Income tax benefit | $57.0M | $55.0M | $75.6M | $83.9M |
| Net Income | $205.1M | $192.1M | $239.5M | $263.8M |
| Basic earnings per share (in dollars per share) | $4.44 | $4.52 | $5.42 | $5.69 |
| Diluted earnings per share (in dollars per share) | $4.44 | $4.52 | $5.42 | $5.69 |
| Weighted average common shares (basic) (in shares) | 46.2M | 42.5M | 44.2M | 46.4M |
| Common share equivalents (in shares) | 21.4K | 12.3K | 12.0K | 17.9K |
| Weighted average common shares (diluted) (in shares) | 46.2M | 42.5M | 44.2M | 46.4M |
| Cash dividends declared (in dollars per share) | $2.36 | $2.28 | $2.20 | $2.08 |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Interest and fees on loans | $260.2M | $261.0M | $263.8M | $197.8M |
| Interest Income, Securities, Operating, Taxable | $26.1M | $25.3M | $23.3M | $15.9M |
| Non-taxable interest and dividends on securities | $102.0K | $114.0K | $208.0K | $2.0K |
| Interest on loans held for sale | $210.0K | $252.0K | $225.0K | $140.0K |
| Interest on federal funds sold and short-term investments | $2.6M | $3.7M | $7.2M | $4.4M |
| Total interest and dividend income | $289.3M | $290.3M | $294.8M | $218.2M |
| Interest on deposits | $67.6M | $66.9M | $80.7M | $59.8M |
| Interest on borrowings | $10.7M | $10.9M | $10.7M | $10.9M |
| Interest Expense, Operating, Total | $78.4M | $77.8M | $91.4M | $70.7M |
| Net interest income | $210.9M | $212.5M | $203.3M | $147.5M |
| Net interest income after provision for credit losses | $204.7M | $207.0M | $164.8M | $140.3M |
| Deposit account fees | $9.4M | $9.2M | $8.8M | $7.1M |
| Interchange and ATM fees | $5.7M | $5.0M | $6.0M | $5.0M |
| Investment Banking, Advisory, Brokerage, and Underwriting Fees and Commissions | $15.0M | $14.2M | $13.7M | $11.4M |
| Mortgage banking income | $1.2M | $1.3M | $1.4M | $1.1M |
| Bank Owned Life Insurance Income | $2.6M | $2.7M | $2.6M | $2.0M |
| Gain Realized on Life Insurance Policies | ($672.0K) | ($346.0K) | $0 | ($1.6M) |
| Loan level derivative income | $1.3M | $910.0K | $1.2M | $66.0K |
| Other non-interest income | $6.6M | $6.6M | $6.6M | $6.0M |
| Total non-interest income | $42.4M | $40.3M | $40.4M | $34.3M |
| Salaries and employee benefits | $79.1M | $80.7M | $81.1M | $62.9M |
| Occupancy and equipment expenses | $16.2M | $17.3M | $15.0M | $13.2M |
| Data processing & facilities management | $3.2M | $3.3M | $2.8M | $2.8M |
| Software Maintenance | $7.1M | $7.1M | $6.9M | $5.2M |
| Intangible Asset, Finite-Lived, Amortization Expense | $6.8M | $6.9M | $7.3M | $1.2M |
| Consulting expense | $3.3M | — | — | — |
| Business Combination, Acquisition-Related Cost, Expense | $0 | $3.0M | $23.9M | $2.2M |
| FDIC assessment | $3.2M | $3.3M | $3.1M | $2.4M |
| Debit card expense | $2.5M | $2.4M | — | $2.0M |
| Other non-interest expenses | $19.1M | $18.9M | $20.8M | $14.2M |
| Total non-interest expenses | $140.3M | $142.9M | $160.8M | $108.8M |
| Income before income taxes | $106.8M | $104.3M | $44.4M | $65.8M |
| Current Federal, State and Local, Tax Expense (Benefit) | $25.0M | $24.4M | $10.1M | $14.7M |
| Net income | $81.8M | $79.9M | $34.3M | $51.1M |
| Basic earnings per share (in dollars per share) | $1.70 | $1.63 | $0.69 | $1.20 |
| Diluted earnings per share (in dollars per share) | $1.70 | $1.63 | $0.69 | $1.20 |
| Weighted average common shares (basic) (in shares) | 48.1M | 49.0M | 49.9M | 42.6M |
| Common shares equivalents (in shares) | 22.3K | 29.7K | 22.4K | 17.2K |
| Weighted average common shares (diluted) (in shares) | 48.1M | 49.0M | 50.0M | 42.6M |
| Cash dividends declared per common share (in dollars per share) | $0.64 | $0.64 | $0.59 | $0.59 |
| Provision for Loan and Lease Losses | $6.3M | $5.5M | $38.5M | $7.2M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and due from banks | $229.8M | $187.8M | $178.9M | $175.8M |
| Interest-earning deposits with banks | $542.1M | $32.0M | $45.5M | $177.1M |
| Debt Securities, Trading | $4.7M | $4.2M | $5.0M | $3.9M |
| Equity Securities, FV-NI | $21.6M | $21.2M | $22.5M | $21.1M |
| Debt Securities, Available-for-Sale | $2.0B | $1.3B | $1.3B | $1.4B |
| Held to maturity (fair value $1,190,733 and $1,291,801) | $1.3B | $1.4B | $1.6B | $1.7B |
| Total securities | $3.3B | $2.7B | $2.9B | $3.1B |
| Loans Receivable Held-for-sale, Net, Not Part of Disposal Group | $35.9M | $7.3M | $6.4M | $2.8M |
| Financing Receivable, before Allowance for Credit Loss | $18.5B | $14.5B | $14.3B | $13.9B |
| Less: allowance for credit losses | ($189.9M) | ($170.0M) | ($142.2M) | ($152.4M) |
| Net loans | $18.3B | $14.3B | $14.1B | $13.8B |
| Federal Home Loan Bank stock | $21.8M | $31.6M | $43.6M | $5.2M |
| Bank premises and equipment, net | $218.2M | $193.3M | $193.0M | $196.5M |
| Goodwill | $1.1B | $985.1M | $985.1M | $985.1M |
| Other intangible assets | $133.6M | $12.3M | $18.2M | $25.1M |
| Cash surrender value of life insurance policies | $378.6M | $304.0M | $297.4M | $293.3M |
| Other assets | $638.8M | $570.4M | $512.7M | $527.7M |
| Total assets | $24.9B | $19.4B | $19.3B | $19.3B |
| Non-interest-bearing demand deposits | $5.6B | $4.4B | $4.6B | $5.4B |
| Savings and interest checking accounts | $6.5B | $5.2B | $5.3B | $5.9B |
| Money market | $4.8B | $3.0B | $2.8B | $3.3B |
| Time certificates of deposit | $3.3B | $2.7B | $2.2B | $1.2B |
| Total deposits | $20.1B | $15.3B | $14.9B | $15.9B |
| Federal Home Loan Bank and other borrowings | $416.5M | — | — | — |
| Line of credit (less unamortized debt issuance costs of $47) | $50.0M | — | — | — |
| Junior subordinated debentures (less unamortized debt issuance costs of $26 and $28) | $62.9M | $62.9M | $62.9M | $62.9M |
| Subordinated debentures (less unamortized debt issuance costs of $3517 and $0) | $296.5M | $0 | $50.0M | $49.9M |
| Total borrowings | $825.8M | $701.4M | $1.2B | $113.4M |
| Other liabilities | $394.5M | $373.1M | $368.2M | $415.1M |
| Total liabilities | $21.3B | $16.4B | $16.5B | $16.4B |
| Commitments and contingencies | $0 | $0 | $0 | $0 |
| Preferred stock, $0.01 par value; authorized: 1,000,000 shares, outstanding: none | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value; authorized: 75,000,000 shares, issued and outstanding: 49,243,813 shares at December 31, 2025 and 42,500,611 shares at December 31, 2024 (includes 254,359 and 199,410 shares of unvested participating restricted stock awards, respectively) | 490.0K | 423.0K | 427.0K | 455.0K |
| Value of shares held in rabbi trust at cost: 75,247 shares at December 31, 2025 and 78,088 shares at December 31, 2024 | -3.5M | -3.4M | -3.3M | -3.2M |
| Compensation and Benefits Trust | $3.5M | $3.4M | $3.3M | $3.2M |
| Additional paid in capital | $2.3B | $1.9B | $1.9B | $2.1B |
| Retained earnings | $1.3B | $1.2B | $1.1B | $934.4M |
| Accumulated other comprehensive loss, net of tax | ($39.8M) | ($90.0M) | ($114.8M) | ($163.1M) |
| Total stockholders’ equity | $3.6B | $3.0B | $2.9B | $2.9B |
| Liabilities and Equity | $24.9B | $19.4B | $19.3B | $19.3B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and due from banks | $252.0M | $223.3M | $203.4M | $219.4M |
| Interest-earning deposits with banks | $749.3M | $505.7M | $707.4M | $681.8M |
| Trading | $4.8M | $5.5M | $4.6M | $4.8M |
| Equity | $21.6M | $21.5M | $21.6M | $21.3M |
| Debt Securities, Available-for-Sale, Excluding Accrued Interest | $2.1B | $2.1B | $1.9B | $1.3B |
| Held to maturity (fair value $1,117,644 and $1,190,733) | $1.2B | $1.3B | $1.4B | $1.4B |
| Total securities | $3.3B | $3.4B | $3.3B | $2.7B |
| Loans held for sale (at fair value) | $22.0M | $16.8M | $17.1M | $16.8M |
| Total loans | $18.4B | $18.4B | $18.5B | $14.5B |
| Less: allowance for credit losses | ($195.9M) | ($190.6M) | ($190.5M) | ($144.8M) |
| Net loans | $18.2B | $18.2B | $18.3B | $14.4B |
| Federal Home Loan Bank stock | $13.6M | $17.8M | $21.8M | $21.1M |
| Bank premises and equipment, net | $217.9M | $217.7M | $221.2M | $188.9M |
| Goodwill | $1.1B | $1.1B | $1.1B | $985.1M |
| Other intangible assets | $119.9M | $126.7M | $141.7M | $9.7M |
| Cash surrender value of life insurance policies | $381.2M | $380.4M | $376.2M | $305.1M |
| Other assets | $616.3M | $597.8M | $634.1M | $536.7M |
| Total assets | $25.0B | $24.8B | $25.0B | $20.0B |
| Non-interest-bearing demand deposits | $5.7B | $5.6B | $5.6B | $4.5B |
| Savings and interest checking accounts | $6.5B | $6.3B | $7.1B | $5.3B |
| Money market | $4.9B | $4.9B | $4.1B | $3.4B |
| Time certificates of deposit | $3.2B | $3.3B | $3.4B | $2.7B |
| Total deposits | $20.4B | $20.1B | $20.3B | $15.9B |
| Federal Home Loan Bank and other borrowings | $216.7M | $316.7M | $416.2M | $400.5M |
| Long-Term Line of Credit | $125.0M | $100.0M | — | — |
| Junior Subordinated Notes | $62.9M | $62.9M | $62.9M | $62.9M |
| Subordinated Debt | $296.9M | $296.7M | $296.3M | $296.1M |
| Total borrowings | $701.5M | $776.3M | $775.4M | $759.4M |
| Other liabilities | $367.9M | $367.8M | $375.1M | $320.9M |
| Total liabilities | $21.5B | $21.2B | $21.4B | $17.0B |
| Commitments and contingencies | $0 | $0 | $0 | $0 |
| Preferred stock, $0.01 par value, authorized: 1,000,000 shares, outstanding: none | 0 | 0 | 0 | 0 |
| Common stock, $0.01 par value, authorized: 75,000,000 shares, issued and outstanding: 47,618,626 shares at June 30, 2026 and 49,243,813 shares at December 31, 2025 (includes 283,135 and 254,359 shares of unvested participating restricted stock awards, respectively) | 473.0K | 483.0K | 495.0K | 424.0K |
| Value of shares held in rabbi trust at cost: 73,303 shares at June 30, 2026 and 75,247 shares at December 31, 2025 | -3.5M | -3.6M | -3.5M | -3.5M |
| Deferred compensation and other retirement benefit obligations | $3.5M | $3.6M | $3.5M | $3.5M |
| Additional paid in capital | $2.2B | $2.3B | $2.4B | $1.9B |
| Retained earnings | $1.4B | $1.3B | $1.2B | $1.2B |
| Accumulated other comprehensive loss, net of tax | ($58.7M) | ($49.3M) | ($47.6M) | ($58.1M) |
| Total stockholders’ equity | $3.5B | $3.5B | $3.5B | $3.1B |
| Total liabilities and stockholders’ equity | $25.0B | $24.8B | $25.0B | $20.0B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income | $205.1M | $192.1M | $239.5M | $263.8M |
| Depreciation, Depletion and Amortization, Nonproduction | $42.1M | $40.9M | $36.1M | $38.8M |
| Change In Unamortized Net Loan Costs And Premiums | ($2.0M) | ($1.7M) | ($1.9M) | ($7.1M) |
| Accretion of acquired loans | ($11.5M) | ($538.0K) | ($2.3M) | $175.0K |
| Provision for credit losses | $65.5M | $36.3M | $23.3M | $6.5M |
| Deferred income tax (benefit) expense | ($3.3M) | ($10.6M) | $2.7M | ($1.3M) |
| Equity Securities, FV-NI, Gain (Loss) | ($403.0K) | ($423.0K) | ($1.2M) | $3.1M |
| Gain (Loss) on Investments | $64.0K | — | — | — |
| Gain (Loss) on Disposition of Property Plant Equipment | $130.0K | $155.0K | $310.0K | ($584.0K) |
| Sale and Leaseback Transaction, Gain (Loss), Net | $0 | $0 | $193.0K | $578.0K |
| Share-based Payment Arrangement, Noncash Expense | $9.0M | $6.5M | $6.4M | $4.5M |
| Life Insurance, Corporate or Bank Owned, Change in Value | ($9.4M) | ($8.1M) | ($7.9M) | ($7.7M) |
| Gain Realized on Life Insurance Policies | ($2.0M) | ($457.0K) | ($2.3M) | ($1.3M) |
| Operating Lease, Payments | ($15.3M) | ($14.0M) | ($13.9M) | ($19.3M) |
| Increase (Decrease) in Loans Held-for-sale | $457.0K | ($20.0K) | $97.0K | ($452.0K) |
| Increase (Decrease) in Debt Securities, Trading, and Equity Securities, FV-NI | ($475.0K) | $742.0K | ($1.1M) | ($168.0K) |
| Increase (Decrease) in Loans Held-for-sale | ($27.9M) | ($923.0K) | ($3.5M) | $21.4M |
| Increase (Decrease) in Other Operating Assets | $72.2M | ($15.5M) | $23.5M | $65.3M |
| Change in other liabilities | ($70.1M) | $5.5M | ($20.6M) | $55.2M |
| Total adjustments | $46.0M | $37.8M | $37.5M | $157.4M |
| Net cash provided by operating activities | $251.2M | $229.9M | $277.0M | $421.2M |
| Increase (Decrease) in Equity Securities, FV-NI | ($984.0K) | ($1.1M) | ($742.0K) | ($1.5M) |
| Proceeds from Sale of Debt Securities, Available-for-sale | $74.3M | — | — | — |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $254.8M | $235.1M | $106.7M | $139.9M |
| Payments to Acquire Debt Securities, Available-for-sale | ($426.2M) | ($129.4M) | $0 | ($123.3M) |
| Proceeds from maturities and principal repayments of securities held to maturity | $161.2M | $138.4M | $140.9M | $166.7M |
| Net decrease (increase) in Federal Home Loan Bank stock | $16.6M | $12.0M | ($38.3M) | $6.2M |
| Investments in low-income housing projects | ($38.7M) | ($33.1M) | ($31.1M) | ($33.2M) |
| Purchases of life insurance policies | ($117.0K) | ($114.0K) | ($162.0K) | ($163.0K) |
| Proceeds from Life Insurance Policy | $4.0M | $1.9M | $5.5M | $3.2M |
| Payments for (Proceeds from) Loans and Leases | ($125.7M) | ($236.5M) | ($378.7M) | ($335.4M) |
| Cash Acquired in Excess of Payments to Acquire Business | $97.8M | — | $0 | $0 |
| Payments to Acquire Property, Plant, and Equipment | ($12.1M) | ($20.4M) | ($15.8M) | ($22.1M) |
| Proceeds from Sale of Property, Plant, and Equipment | $295.0K | $92.0K | $113.0K | $3.3M |
| Net cash provided by (used in) investing activities | $5.0M | ($33.0M) | ($211.7M) | ($1.0B) |
| Increase (Decrease) in Time Deposits | ($219.1M) | $565.8M | $985.6M | ($334.4M) |
| Increase (Decrease) in Other Deposits | $677.2M | ($125.4M) | ($2.0B) | ($702.6M) |
| Increase (Decrease) in Federal Funds Purchased and Securities Sold under Agreements to Repurchase, Net | ($284.4M) | ($467.0M) | $1.1B | ($25.0M) |
| Proceeds from Lines of Credit | $49.9M | — | — | — |
| Proceeds from Issuance of Subordinated Long-term Debt | $295.8M | — | — | — |
| Repayments of Subordinated Debt | ($60.0M) | ($50.0M) | — | — |
| Cash received from stock option exercises | $0 | $80.0K | $80.0K | $0 |
| Issuance Of Restricted Stock Awards, Net of Issuance Cost | ($1.5M) | ($815.0K) | ($1.1M) | ($1.1M) |
| Proceeds from shares issued under direct stock purchase plan | 2.5M | 3.3M | 2.7M | 2.4M |
| Payments for Repurchase of Common Stock | ($60.8M) | ($31.0M) | ($188.9M) | ($139.9M) |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net Income | $161.8M | $79.9M | $129.8M | $95.5M |
| Depreciation and amortization | $20.4M | $10.2M | $32.3M | $19.5M |
| Change In Unamortized Net Loan Costs And Premiums | ($606.0K) | ($315.0K) | ($1.2M) | ($671.0K) |
| Accretion of acquired loans | ($13.6M) | ($9.2M) | ($5.3M) | ($645.0K) |
| Provision for Loan and Lease Losses | $11.8M | $5.5M | $60.7M | $22.2M |
| Deferred income tax expense | $691.0K | $1.3M | ($102.0K) | $447.0K |
| Equity Securities, FV-NI, Gain (Loss) | ($198.0K) | ($25.0K) | ($549.0K) | ($169.0K) |
| Gain (Loss) on Disposition of Property Plant Equipment | $12.0K | $0 | $92.0K | $92.0K |
| Gains (Losses) on Sales of Other Real Estate | ($51.0K) | — | — | — |
| Stock based compensation | $5.6M | $2.3M | $7.1M | $4.8M |
| Increase in cash surrender value of life insurance policies | ($5.3M) | ($2.7M) | ($6.7M) | ($4.1M) |
| Gain Realized on Life Insurance Policies | ($1.0M) | ($346.0K) | ($1.6M) | ($1.6M) |
| Operating Lease, Payments | ($7.8M) | ($4.0M) | ($11.4M) | ($7.4M) |
| Change in Fair Value on Loans Held for Sale | $195.0K | $417.0K | ($171.0K) | ($323.0K) |
| Trading assets | ($115.0K) | ($805.0K) | ($366.0K) | ($556.0K) |
| Loans held for sale | $13.7M | $18.7M | ($9.4M) | ($9.2M) |
| Other assets | $17.0M | $36.5M | $45.0M | $33.0M |
| Increase (Decrease) in Other Operating Liabilities | ($11.8M) | ($20.4M) | ($66.0M) | ($30.8M) |
| Total adjustments | $28.9M | $37.3M | $42.4M | $24.5M |
| Net cash provided by operating activities | $190.6M | $117.2M | $172.2M | $120.1M |
| Payments to Acquire Equity Securities, FV-NI | $371.0K | $185.0K | $507.0K | $348.0K |
| Proceeds from maturities and principal repayments of securities available for sale | $157.7M | $79.0M | $201.9M | $122.3M |
| Payments to Acquire Debt Securities, Available-for-Sale | ($238.1M) | ($168.4M) | ($326.2M) | ($121.6M) |
| Proceeds from maturities and principal repayments of securities held to maturity | $70.9M | $23.6M | $81.3M | $54.9M |
| Net decrease in Federal Home Loan Bank stock | ($8.2M) | ($4.1M) | ($16.6M) | ($10.5M) |
| Investments in low income housing projects | ($10.1M) | ($3.9M) | ($26.3M) | ($20.4M) |
| Purchases of life insurance policies | ($8.0K) | $0 | ($71.0K) | ($55.0K) |
| Proceeds from Life Insurance Policy | $1.2M | $1.1M | $4.0M | $0 |
| Net decrease (increase) in loans | $117.7M | $83.0M | ($76.1M) | ($73.6M) |
| Purchases of bank premises and equipment | ($12.0M) | ($5.6M) | ($8.7M) | ($6.3M) |
| Proceeds from Sale of Property, Plant, and Equipment | $75.0K | — | $0 | $0 |
| Proceeds from Sale of Other Real Estate | $2.0M | — | — | — |
| Net cash provided by (used in) investing activities | $97.3M | $12.7M | $37.9M | ($34.6M) |
| Net decrease in time deposits | ($18.8M) | ($12.9M) | ($67.4M) | ($27.2M) |
| Net increase in other deposits | $284.1M | ($16.4M) | $694.5M | $614.9M |
| Increase (Decrease) in Federal Funds Purchased and Securities Sold under Agreements to Repurchase, Net | ($199.8M) | ($99.8M) | ($284.7M) | ($238.0M) |
| Proceeds from Lines of Credit | $75.0M | $50.0M | — | — |
| Proceeds from Issuance of Subordinated Long-term Debt | $0 | $0 | $295.8M | $295.8M |
| Restricted stock awards issued, net of awards surrendered | ($2.3M) | ($2.2M) | ($1.4M) | ($1.4M) |
| Proceeds from shares issued under direct stock purchase plan | 1.5M | 727.0K | 1.8M | 1.1M |
| Payments for shares repurchased under share repurchase program | -138.3M | -63.3M | -23.4M | 0 |
| Common dividends paid | ($60.1M) | ($29.1M) | ($74.5M) | ($49.4M) |
| Net cash (used in) provided by financing activities | ($58.6M) | ($172.8M) | $480.8M | $595.9M |
| Net increase in cash and cash equivalents | $229.3M | ($42.9M) | $690.9M | $681.3M |
| Cash and cash equivalents at beginning of year | $771.9M | $771.9M | $219.9M | $219.9M |
INDEPENDENT BANK CORP score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.