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

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$66.8 $0.65 (0.98%) INDB stock closing price Aug 18, 2017 (Closing)

INDB stock valuation based on fundamental analysis involves checking and analyzing financial statements and not just the Independent Bank Corp. stock price. The income statement is a summary of the revenue, expenses and profitability (shown as Net Income) or lack of it. The income statement is generated for a specific period of time. The revenue increase of $329.06M for 2016 impacts the INDB stock. Investors typically check year over year or quarter over quarter revenue growth. One also needs to look at Independent Bank Corp. assets, operating expenses and Independent Bank Corp. free cash flow. The profit and loss statement shows revenue of $329.06M for 2016. Revenue has grown by $17.63M YoY for INDB stock. Independent Bank Corp. revenue for 2016 is $329.06M. 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.2016201520142013201220112010200920082007
Independent Bank Corp. Net Sales or Revenues
329.06M311.43M286.4M273.92M258.2M248.45M249.63M240.88M204.47M191.78M
Cost Of Goods Sold (COGS)11.14M11.57M11.03M10.62M10.7M13.35M20.25M31.16M38.89M43.63M
Independent Bank Corp. Gross Profit
317.92M299.85M275.36M263.29M247.5M235.09M229.37M209.71M165.57M148.15M
Research & Development Expense----------
Selling General & Admin Expense192.74M188.13M180.9M175.16M168.54M157.19M156.32M144.18M112.1M91.06M
Income Before Depreciation Depletion Amortization125.18M111.72M94.46M88.13M78.95M77.9M73.05M65.53M53.46M57.08M
Depreciation Depletion Amortization----2.22M-2.08M2.53M1.8M-
Non Operating Income5.45M10.5M1.33M8.68M6.74M--12.42M1.12M-
Interest Expense7.65M9.04M9.37M12.71M12.69M15.31M18.5M20.83M20.03M19.91M
Independent Bank Corp. Pretax Income
112.07M92.17M83.74M66.73M57.3M62.58M52.46M29.73M30.51M37.17M
Provision for Income Taxes35.42M27.21M23.89M16.48M14.67M17.14M12.22M6.74M6.55M8.79M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations76.64M64.96M59.84M50.25M42.62M45.43M40.24M22.98M23.96M28.38M
Extraordinary Items & Discontinued Operations----------
Independent Bank Corp. Net Income (Profit/Loss)
76.64M64.96M59.84M50.25M42.62M45.43M40.24M22.98M23.96M28.38M
Average Shares used to compute Diluted EPS26.46M25.96M23.99M23.09M21.81M21.45M21.2M19.67M15.76M14.16M
Average Shares used to compute Basic EPS26.4M25.89M23.9M23.01M21.78M21.42M21.18M19.64M15.7M14.03M
Income Before Nonrecurring Items80.36M71.73M59.9M55.18M47.1M45.86M40.24M33.61M24.2M28.65M
Income from Nonrecurring Items-3.71M-6.77M-0.06M-4.93M-4.47M-0.43M--10.62M-0.24M-0.26M
Independent Bank Corp. Earnings Per Share Basic Net
2.902.512.502.181.962.121.900.881.532.02
Independent Bank Corp. Earnings Per Share Diluted Net
2.902.502.492.181.952.121.900.881.522.00
EPS Diluted Before Nonrecurring Items3.042.762.502.392.162.141.901.421.542.02
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common1.161.040.960.880.840.760.720.720.720.68
All figures in USD. M: Millions of USD, B: Billions of USD.
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Before investing one should read a report on Independent Bank Corp. stock analysis. It helps to look at the following income statement items:
  • Topline: A growing topline, as seen from the Independent Bank Corp. revenue chart, as is the case with Independent Bank Corp. indicates a growing business. One needs to compare the QoQ or YoY topline growth of INDB stock with its peers like GWB stock and EGBN stock to see if the growth compares well with what can be expected for a company in that industry.
  • 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 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)
22.7990
PS ratio (
price sales ratio
)
5.3438
Operating margin
39.8
Net profit margin
23
Dividend yield
1.83%