Independent Bank Corp. Income Statement - Quarterly (NASDAQ:INDB)

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$55 $0.8 (1.48%) INDB stock closing price Oct 27, 2016 (Closing)

INDB stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Independent Bank Corp. stock price. 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 $82.72M for 2016-Q3 impacts the INDB stock. Investors typically check year over year or quarter over quarter revenue growth. The Independent Bank Corp. profit and loss statement for 2016-Q3 shows a profit of $20.48M. Profits have grown from $20.37M QoQ. Apart from this an investor should also check Independent Bank Corp. assets and Independent Bank Corp. free cash flow. View details of revenue and profits for Independent Bank Corp. for latest & last 40 quarters.

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Fiscal year is Jan - Dec. 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2
Independent Bank Corp. Net Sales or Revenues
Cost Of Goods Sold (COGS)2.73M2.73M2.86M2.94M2.95M2.92M2.76M2.73M2.73M2.78M
Independent Bank Corp. Gross Profit
Research & Development Expense----------
Selling General & Admin Expense47.66M47.54M46.67M46.72M47.83M49.34M44.24M45.53M43.83M45.23M
Income Before Depreciation Depletion Amortization32.34M31.97M29.35M30.05M28.69M27.01M25.97M25.05M24.9M23.12M
Depreciation Depletion Amortization----------
Non Operating Income0.15M0.2M0.33M0.27M--10.23M0.59M0.67M-
Interest Expense1.91M1.88M1.98M2.06M2.23M2.34M2.41M2.28M2.07M2.44M
Independent Bank Corp. Pretax Income
Provision for Income Taxes9.79M9.5M8.42M8.28M7.86M7.21M3.86M6.2M6.41M5.93M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations20.48M20.37M18.61M19.46M18.59M17.45M9.46M15.98M15.74M14.75M
Extraordinary Items & Discontinued Operations----------
Independent Bank Corp. Net Income (Profit/Loss)
Average Shares used to compute Diluted EPS26.37M26.3M26.32M26.29M26.26M26.22M25.04M24.06M24M23.99M
Average Shares used to compute Basic EPS26.32M26.3M26.28M26.24M26.2M26.15M24.96M23.97M23.91M23.9M
Income Before Nonrecurring Items20.57M20.58M19.07M19.46M18.59M17.61M15.76M16.56M16.15M15.07M
Income from Nonrecurring Items-0.09M-0.21M-0.46M---0.16M-6.3M-0.58M-0.41M-0.33M
Independent Bank Corp. Earnings Per Share Basic Net
Independent Bank Corp. Earnings Per Share Diluted Net
EPS Diluted Before Nonrecurring Items0.780.780.720.740.710.680.630.690.670.63
Preferred Dividends Acc Pd----------
Dividends Common7.647.63--------
Dividend Per Share Common0.
All figures in USD. M: Millions of USD, B: Billions of USD.

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:
  • 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 $82.72M for 2016-Q3 as per this Independent Bank Corp. revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. INDB stock had a healthy bottom line growth.
The income statement is also called statement of revenue and expense. The financials along with Independent Bank Corp. historical stock prices provides a lot of details about the firm. .

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