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

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$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. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. Like any other income statement, the INDB income statement also itemizes revenue/sales, operating expenses, and profits/bottomline for a quarter or year and reflects a QoQ revenue decline of -1.24% when compared to the same period in the past. The operating expenses as shown in the Independent Bank Corp. profit and loss statement for 2018 Q1 total to $53.95M. 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 and download details of revenue and profits for Independent Bank Corp. for latest & last 40 quarters.
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Quarterly
Annual
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Fiscal year is Jan - Dec2018 Q12017 Q42017 Q32017 Q22017 Q12016 Q42016 Q32016 Q22016 Q12015 Q4
Independent Bank Corp. Revenues or Net Sales
93.61M94.79M92.55M89.53M83.32M85.19M82.72M82.26M78.9M79.69M
Cost Of Goods Sold (COGS)3.93M3.7M3.33M2.91M2.76M2.82M2.73M2.73M2.86M2.94M
Independent Bank Corp. Gross Profit
89.67M91.11M89.21M86.61M80.55M82.4M79.99M79.51M76.02M76.76M
Research & Development Expense----------
Selling General & Admin Expense53.95M52.77M51.31M50.95M48.88M50.88M47.65M47.54M46.67M46.72M
Income Before Depreciation Depletion Amortization35.72M38.35M37.9M35.66M31.66M31.53M32.33M31.97M29.35M30.05M
Depreciation Depletion Amortization----------
Non Operating Income---2.9M-4.77M----
Interest Expense1.34M1.36M1.37M1.46M1.44M1.89M1.9M1.88M1.98M2.06M
Independent Bank Corp. Pretax Income
34.38M36.99M36.53M31.29M29.73M24.89M30.27M29.88M27.03M27.73M
Provision for Income Taxes6.82M14.92M12.68M10.73M9.01M7.71M9.79M9.5M8.42M8.28M
MinorityInterest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations27.56M22.06M23.85M20.56M20.73M17.18M20.48M20.37M18.61M19.46M
Extraordinary Items & Discontinued Operations----------
Independent Bank Corp. Profit/ Loss (Net Income)
27.56M22.06M23.85M20.56M20.73M17.18M20.48M20.37M18.61M19.46M
Average Shares used to compute Diluted EPS27.55M27.52M27.51M27.33M27.11M26.77M26.38M26.3M26.32M26.29M
Average Shares used to compute Basic EPS27.49M27.45M27.44M27.26M27.03M26.71M26.32M26.3M26.28M26.24M
Income Before Nonrecurring Items27.56M24.43M23.85M22.38M21.06M20.24M20.57M20.58M19.07M19.46M
Income from Nonrecurring Items--2.36M--1.82M-0.33M-3.06M-0.09M-0.21M-0.46M-
Independent Bank Corp. Earnings Per Share Basic Net
1.000.800.870.750.770.640.780.770.710.74
Independent Bank Corp. Earnings Per Share Diluted Net
1.000.800.870.750.760.640.780.770.710.74
EPS Diluted Before Nonrecurring Items1.000.890.870.820.780.760.780.780.720.74
Preferred Dividends Acc Pd----------
Dividends Common10.458.78--------
Dividend Per Share Common0.380.320.320.320.320.290.290.290.290.26
All figures in USD. M: Millions of USD, B: Billions of USD.
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Independent Bank Corp. stock analysis involves checking at least a few of the important things like:

  • Topline: A growing topline, as seen from the Independent Bank Corp. revenue chart, as isn't the case with Independent Bank Corp. indicates a sagging business. One needs to compare the QoQ topline or sales growth of INDB stock with its peers like GWB stock and UCBI stock to see if the growth compares well with what can be expected from a company in that industry.
  • 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%