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

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$72.05 $0.6 (0.84%) INDB stock closing price Sep 20, 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 or sales, expenses and profitability (shown as Net Income) or lack of it. The income statement is always for an accounting period, typically for a year or quarter, and affects the stock. In this case, the INDB stock is bound to reflect the impact of the YoY growth of $17.63M. 2016 revenue is $329.06M and has increased from $311.43M 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 2016 is 329.06M. View revenue and profit details for latest and last 10 financial years.

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Quarterly
Annual
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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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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 $329.06M for 2016 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 $329.06M - other expenses = $76.64M for INDB stock. An improving bottomline implies that the company is growing its profits.
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)
24.59
PS Ratio (price sales ratio)
5.76
Operating Margin
39.8
Net Profit Margin
23
Dividend Yield
1.69%