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

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$65.15 $1.35 (2.03%) INDB stock closing price Apr 27, 2017 (Closing)

Financial analysis of Independent Bank Corp. involves more than just checking the Independent Bank Corp. stock price, by looking at the financial statements of the company in detail. The key financial statements of a company are the income statement, the balance sheet and the cash flow statement. The income statement for INDB which implies a QoQ revenue decline of $1.87M is specific to a period of time. Investors typically check YoY or QoQ revenue growth. Along with Independent Bank Corp. assets and Independent Bank Corp. free cash flow, profits as shown in profit and loss statement give key insights about the business. The profits have increased from $17.18M QoQ and 2017-Q1 revenue is $83.32M. View details of revenue and profits for Independent Bank Corp. for latest & last 40 quarters.

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Annual
Quarterly
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Fiscal year is Jan - Dec. 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4
Independent Bank Corp. Net Sales or Revenues
83.32M85.19M82.72M82.26M78.9M79.69M79.48M79.28M72.99M73.3M
Cost Of Goods Sold (COGS)2.77M2.82M2.73M2.73M2.86M2.94M2.95M2.92M2.76M2.73M
Independent Bank Corp. Gross Profit
80.55M82.4M79.99M79.51M76.02M76.76M76.52M76.35M70.22M70.58M
Research & Development Expense----------
Selling General & Admin Expense48.89M50.88M47.65M47.54M46.67M46.72M47.83M49.34M44.24M45.53M
Income Before Depreciation Depletion Amortization31.66M31.53M32.33M31.97M29.35M30.05M28.69M27.01M25.97M25.05M
Depreciation Depletion Amortization----------
Non Operating Income0.48M4.77M0.15M0.2M0.33M0.27M--10.23M0.59M
Interest Expense1.44M1.89M1.9M1.88M1.98M2.06M2.23M2.34M2.41M2.28M
Independent Bank Corp. Pretax Income
29.74M24.89M30.27M29.88M27.03M27.73M26.46M24.66M13.32M22.18M
Provision for Income Taxes9.01M7.71M9.79M9.5M8.42M8.28M7.86M7.21M3.86M6.2M
Minority Interest----------
Investment Gains Losses----------
Other Income----------
Income Before Extraordinaries & Disc Operations20.73M17.18M20.48M20.37M18.61M19.46M18.59M17.45M9.46M15.98M
Extraordinary Items & Discontinued Operations----------
Independent Bank Corp. Net Income (Profit/Loss)
20.73M17.18M20.48M20.37M18.61M19.46M18.59M17.45M9.46M15.98M
Average Shares used to compute Diluted EPS27.11M26.77M26.38M26.3M26.32M26.29M26.26M26.22M25.04M24.06M
Average Shares used to compute Basic EPS27.03M26.71M26.32M26.3M26.28M26.24M26.2M26.15M24.96M23.97M
Income Before Nonrecurring Items21.05M20.24M20.57M20.58M19.07M19.46M18.59M17.61M15.76M16.56M
Income from Nonrecurring Items-0.33M-3.06M-0.09M-0.21M-0.46M---0.16M-6.3M-0.58M
Independent Bank Corp. Earnings Per Share Basic Net
0.770.640.780.770.710.740.710.670.380.67
Independent Bank Corp. Earnings Per Share Diluted Net
0.760.640.780.770.710.740.710.670.380.66
EPS Diluted Before Nonrecurring Items0.780.760.780.780.720.740.710.680.630.69
Preferred Dividends Acc Pd----------
Dividends Common8.657.837.65-------
Dividend Per Share Common0.320.290.290.290.290.260.260.260.260.24
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:
  • 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 $83.32M for 2017-Q1 as per this Independent Bank Corp. revenue chart. Investors look for stocks with a growing top line.
  • 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)
22.0850
PS ratio (
price sales ratio
)
5.2805
Operating margin
37
Net profit margin
20.2
Dividend yield
1.83%