Independent Bank Corp. Annual Income Statement (NASDAQ:INDB)

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$64.85 $0.1 (0.15%) INDB stock closing price Dec 02, 2016 (Closing)

Financial analysis of Independent Bank Corp. involves more than just checking the Independent Bank Corp. stock price, by looking at the financial statements of the company in detail. An income statement is one of the three key financial statements furnished by a company, the other two being the balance sheet and the cashflow statement. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from $286.4M to $311.43M and how operating and non operating activities have impacted the INDB stock. The operating expenses (also check: Independent Bank Corp. assets and Independent Bank Corp. free cash flow) as shown in the Independent Bank Corp. profit and loss statement 2015 total to $199.7M. This line item has increased from $191.93M compared with last year. Independent Bank Corp. revenue for 2015 is $311.43M. View revenue and profit details for latest and last 10 financial years.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Independent Bank Corp. Net Sales or Revenues
311.43M286.4M273.92M258.2M248.45M249.63M240.88M204.47M191.78M194.33M
Cost Of Goods Sold (COGS)11.57M11.03M10.62M10.7M13.35M20.25M31.16M38.89M43.63M40.79M
Independent Bank Corp. Gross Profit
299.85M275.36M263.29M247.5M235.09M229.37M209.71M165.57M148.15M153.54M
Research & Development Expense----------
Selling General & Admin Expense188.13M180.9M175.16M168.54M157.19M156.32M144.18M112.1M91.06M81.68M
Income Before Depreciation Depletion Amortization111.72M94.46M88.13M78.95M77.9M73.05M65.53M53.46M57.08M71.85M
Depreciation Depletion Amortization---2.22M-2.08M2.53M1.8M--
Non Operating Income10.5M1.33M8.68M6.74M--12.42M1.12M--
Interest Expense9.04M9.37M12.71M12.69M15.31M18.5M20.83M20.03M19.91M24.24M
Independent Bank Corp. Pretax Income
92.17M83.74M66.73M57.3M62.58M52.46M29.73M30.51M37.17M47.61M
Provision for Income Taxes27.21M23.89M16.48M14.67M17.14M12.22M6.74M6.55M8.79M14.75M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations64.96M59.84M50.25M42.62M45.43M40.24M22.98M23.96M28.38M32.85M
Extraordinary Items & Discontinued Operations----------
Independent Bank Corp. Net Income (Profit/Loss)
64.96M59.84M50.25M42.62M45.43M40.24M22.98M23.96M28.38M32.85M
Average Shares used to compute Diluted EPS25.96M23.99M23.09M21.81M21.45M21.2M19.67M15.76M14.16M14.93M
Average Shares used to compute Basic EPS25.89M23.9M23.01M21.78M21.42M21.18M19.64M15.7M14.03M14.93M
Income Before Nonrecurring Items71.73M59.9M55.18M47.1M45.86M40.24M33.61M24.2M28.65M32.85M
Income from Nonrecurring Items-6.77M-0.06M-4.93M-4.47M-0.43M--10.62M-0.24M-0.26M-
Independent Bank Corp. Earnings Per Share Basic Net
2.512.502.181.962.121.900.881.532.022.20
Independent Bank Corp. Earnings Per Share Diluted Net
2.502.492.181.952.121.900.881.522.002.17
EPS Diluted Before Nonrecurring Items2.762.502.392.162.141.901.421.542.022.17
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common1.040.960.880.840.760.720.720.720.680.64
All figures in USD. M: Millions of USD, B: Billions of USD.
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It is very helpful to read a report on Independent Bank Corp. stock analysis. An investor must check the following items in an income statement:
  • Revenue: The money received by selling of goods or services comes under this line item. A YoY growth (See: Independent Bank Corp. revenue chart) implies that the company is growing, which has been the case with Independent Bank Corp.. One must stay away from stocks whose revenues are declining.
  • Bottom line: Most businesses like Independent Bank Corp. try to improve their bottom line by growing their topline and by increasing their operating efficiency. A healthy bottom line growth implies a good investment.
The income statement is also called the profit and loss statement. Apart from the income statement, one can check the Independent Bank Corp. historical stock prices to check how the price has moved with time. .

Independent Bank Corp. Income Statement - Key Financial Ratios

PE ratio (price earnings ratio)
21.6170
PS ratio (
price sales ratio
)
5.2751
Operating margin
39.1
Net profit margin
24.8
Dividend yield
1.74%