Independent Bank Corp. Revenue, Profits - INDB Annual Income Statement

Add to My Stocks
$88.15 $6.5 (7.96%) INDB stock closing price Jul 20, 2018 (Closing)

Stock analysis based on fundamentals means looking at financial statements in addition to 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, typically a year or a quarter. The revenue increase to $360.18M for 2017 impacts the INDB stock. Investors typically check year over year or quarter over quarter revenue growth. The operating expenses as shown in the Independent Bank Corp. profit and loss statement for 2017 total to $203.91M. This line item shows that the operating expenses has increased compared with last year. Also check: Independent Bank Corp. assets and Independent Bank Corp. free cash flow.

View revenue and profit details for latest and last 10 financial years.
show more
Quarterly
Annual
View Previous Years
View Next Years
Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Independent Bank Corp. Revenues or Net Sales
360.18M329.06M311.43M286.4M273.92M258.2M248.45M249.63M240.88M204.47M
Cost Of Goods Sold (COGS)12.7M11.14M11.57M11.03M10.62M10.7M13.35M20.25M31.16M38.89M
Independent Bank Corp. Gross Profit
347.48M317.92M299.85M275.36M263.29M247.5M235.09M229.37M209.71M165.57M
Research & Development Expense----------
Selling General & Admin Expense203.91M192.74M188.13M180.9M175.16M168.54M157.19M156.32M144.18M112.1M
Income Before Depreciation Depletion Amortization143.57M125.18M111.72M94.46M88.13M78.95M77.9M73.05M65.53M53.46M
Depreciation Depletion Amortization-----2.22M-2.08M2.53M1.8M
Non Operating Income3.39M5.45M10.5M1.33M8.68M6.74M--12.42M1.12M
Interest Expense5.63M7.65M9.04M9.37M12.71M12.69M15.31M18.5M20.83M20.03M
Independent Bank Corp. Pretax Income
134.54M112.07M92.17M83.74M66.73M57.3M62.58M52.46M29.73M30.51M
Provision for Income Taxes47.34M35.42M27.21M23.89M16.48M14.67M17.14M12.22M6.74M6.55M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations87.2M76.64M64.96M59.84M50.25M42.62M45.43M40.24M22.98M23.96M
Extraordinary Items & Discontinued Operations----------
Independent Bank Corp. Profit/ Loss (Net Income)
87.2M76.64M64.96M59.84M50.25M42.62M45.43M40.24M22.98M23.96M
Average Shares used to compute Diluted EPS27.37M26.46M25.96M23.99M23.09M21.81M21.45M21.2M19.67M15.76M
Average Shares used to compute Basic EPS27.29M26.4M25.89M23.9M23.01M21.78M21.42M21.18M19.64M15.7M
Income Before Nonrecurring Items91.72M80.36M71.73M59.9M55.18M47.1M45.86M40.24M33.61M24.2M
Income from Nonrecurring Items-4.51M-3.71M-6.77M-0.06M-4.93M-4.47M-0.43M--10.62M-0.24M
Independent Bank Corp. Earnings Per Share Basic Net
3.192.902.512.502.181.962.121.900.881.53
Independent Bank Corp. Earnings Per Share Diluted Net
3.192.902.502.492.181.952.121.900.881.52
EPS Diluted Before Nonrecurring Items3.353.042.762.502.392.162.141.901.421.54
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common1.281.161.040.960.880.840.760.720.720.72
All figures in USD. M: Millions of USD, B: Billions of USD.
View Previous Years
View Next Years

Before investing one should read a report on Independent Bank Corp. stock analysis. It helps to look at the following income statement items:

  • 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. It has been the case with Independent Bank Corp.. One must look at stocks with increasing revenues, and stay away from stocks whose revenues or sales are declining.
  • Bottom line: Most businesses like Independent Bank Corp. try to grow their profits 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 statement of revenue and expense. The INDB financials along with Independent Bank Corp. historical stock prices provide a lot of details about the firm.

Independent Bank Corp. Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
25.78
PS Ratio (price sales ratio)
6.54
Operating Margin
38.2
Net Profit Margin
29.4
Dividend Yield
1.52%