Independent Bank Corp (NASDAQ:INDB)
Insiders filed in the last 90 days, but none of those trades qualified for scoring — round-trip buys and filings whose price is far off the market are excluded.
Keeps a healthy share of every dollar it sells.
- Revenue
- $1.26B
- Net income
- $326.8M
- Net margin
- 25.9%
Little or no net debt.
- Total debt
- $627.2M
- Cash
- $659.4M
- Net debt / EBITDA
- -0.08x
Owes more within a year than it holds to pay it.
- Current assets
- $4.18B
- Current liabilities
- $20.64B
- Current ratio
- 0.20
The business funds itself from operations.
- Operating cash flow
- $321.7M
- Free cash flow
- $312.5M
- FCF margin
- 24.7%
Not funding itself by issuing shares.
- Shares outstanding
- 47.2M
- Share growth (1y)
- -5.4%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
INDB Income Statement
| Fiscal Period | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 |
| Revenue | 345.68 M | 289.29 M | 290.26 M | 338.98 M | 335.15 M | 250.52 M |
| Revenue Growth (YoY) | 3.14 % | 15.48 % | 19.69 % | 37.47 % | 34.35 % | 3.27 % |
| Cost of Revenue | 90.23 M | 78.36 M | 77.81 M | 85.05 M | 129.93 M | 77.90 M |
| Gross Profit | 255.45 M | 210.93 M | 212.46 M | 253.93 M | 205.22 M | 172.62 M |
| SG&A Expense | 99.27 M | 126.59 M | 139.89 M | 81.58 M | 84.21 M | 67.03 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 138.42 M | 140.28 M | 142.91 M | 154.37 M | 160.84 M | 106.81 M |
| Operating Income | 117.03 M | 70.65 M | 69.55 M | 99.56 M | 44.39 M | 65.81 M |
| Pretax Income | 117.03 M | 106.80 M | 104.30 M | 94.81 M | 44.39 M | 65.81 M |
| Tax Provision | 27.28 M | 24.96 M | 24.38 M | 19.48 M | 10.13 M | 14.71 M |
| Net Income | 89.75 M | 81.84 M | 79.92 M | 75.33 M | 34.26 M | 51.10 M |
| EPS (Basic) | 1.90 | 1.70 | 1.63 | 1.52 | 0.69 | 1.20 |
| EPS (Diluted) | 1.90 | 1.70 | 1.63 | 1.52 | 0.69 | 1.20 |
| Shares Outstanding | 47.23 M | 48.05 M | 48.97 M | 49.45 M | 49.93 M | 42.62 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.