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

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$53.6 $0.05 (0.09%) INDB stock closing price Oct 21, 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. The income statement is generated for a specific period of time. The revenue increase of $311.43M for 2015 impacts the INDB stock. Investors typically check year over year or quarter over quarter revenue growth. 2015 revenue is $311.43M and has increased from $286.4M year on year as is evident when you compare the latest figures in the latest Independent Bank Corp. profit and loss statement with those of the prior corresponding period. (See also:Independent Bank Corp. assets and Independent Bank Corp. free cash flow) 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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Fiscal year is Jan - Dec. 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006
Independent Bank Corp. Net Sales or Revenues
Cost Of Goods Sold (COGS)11.57M11.03M10.62M10.7M13.35M20.25M31.16M38.89M43.63M40.79M
Independent Bank Corp. Gross Profit
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
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)
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
Independent Bank Corp. Earnings Per Share Diluted Net
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.

The key things to look for in an income statement while doing Independent Bank Corp. stock analysis are:
  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that INDB stock has a topline or revenue of $311.43M for 2015 as per this Independent Bank Corp. revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The Bottomline or the net income figure is arrived at by deducting all expenses from the topline which in this case is $311.43M - other expenses = $64.96M for INDB stock. An improving bottomline implies that the company is growing profits.
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)
PS ratio (
price sales ratio
Operating margin
Net profit margin
Dividend yield