INDEPENDENT BANK CORP — Financial Data
Annual figures from SEC EDGAR XBRL filings (10-K)
These figures are extracted directly from XBRL-tagged financial statements that INDEPENDENT BANK CORP filed with the SEC as part of its annual 10-K reports. XBRL (eXtensible Business Reporting Language) is a structured data format the SEC requires for machine-readable financial disclosures. Values shown are as reported — negative figures indicate a loss and are shown in red.
Net Income
The bottom-line profit — what remains after all operating expenses, interest, taxes, and other costs are deducted. A negative value means the company reported a net loss for the year.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $205.12M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $192.08M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $239.50M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $263.81M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $120.99M | Feb 28, 2024 |
| FY2020 | Dec 31, 2020 | $34.64M | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | $34.87M | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | $24.90M | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | $26.75M | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | $47.48M | Feb 26, 2021 |
Operating Cash Flow
Cash generated from core business operations — a more reliable measure of financial health than net income because it strips out non-cash items like depreciation and one-time charges.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $251.16M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $229.92M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $276.99M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $421.20M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $190.22M | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $64.64M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $216.52M | Feb 28, 2022 |
| FY2020 | Dec 31, 2018 | $141.84M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $130.91M | Feb 27, 2020 |
| FY2018 | Dec 31, 2016 | $92.90M | Feb 28, 2019 |
Capital Expenditures (Capex)
Cash spent on acquiring or upgrading physical assets — property, equipment, and infrastructure. High capex businesses include manufacturing, telecom, and energy companies.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $12.14M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $20.44M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $15.84M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $22.07M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $25.20M | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $12.59M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $16.58M | Feb 28, 2022 |
| FY2020 | Dec 31, 2018 | $11.11M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $25.08M | Feb 27, 2020 |
| FY2018 | Dec 31, 2016 | $10.40M | Feb 28, 2019 |
Total Assets
The total value of everything the company owns or controls — cash, investments, receivables, property, equipment, and intangibles. Reported as of fiscal year end.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $24.91B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $19.37B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $19.35B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $19.29B | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | $20.42B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $13.20B | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | $11.40B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $8.85B | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $8.08B | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $7.71B | Feb 27, 2018 |
Total Liabilities
All financial obligations owed to outside parties — including debt, accounts payable, accrued expenses, and deferred revenue. Subtracting liabilities from total assets gives stockholders' equity.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $21.35B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $16.38B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $16.45B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $16.41B | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | $17.40B | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $11.50B | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | $9.69B | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $7.78B | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $7.14B | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $6.84B | Feb 27, 2018 |
Stockholders Equity
The net worth attributable to shareholders: total assets minus total liabilities. Also called book value. Can be negative if liabilities exceed assets, which is common in capital-intensive industries.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $3.57B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $2.99B | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $2.90B | Feb 27, 2026 |
| FY2025 | Dec 31, 2022 | $2.89B | Feb 27, 2026 |
| FY2024 | Dec 31, 2021 | $3.02B | Feb 28, 2025 |
| FY2023 | Dec 31, 2020 | $1.70B | Feb 28, 2024 |
| FY2022 | Dec 31, 2019 | $1.71B | Feb 28, 2023 |
| FY2021 | Dec 31, 2018 | $1.07B | Feb 28, 2022 |
| FY2020 | Dec 31, 2017 | $943.81M | Feb 26, 2021 |
| FY2019 | Dec 31, 2016 | $864.69M | Feb 27, 2020 |
Goodwill
An intangible asset representing the premium paid above fair value when acquiring another company. A large goodwill balance signals a history of acquisitions at premium prices.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.09B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $985.07M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $985.07M | Feb 27, 2026 |
| FY2025 | Dec 31, 2022 | $985.07M | Feb 27, 2026 |
| FY2023 | Dec 31, 2021 | $985.07M | Feb 28, 2024 |
| FY2023 | Dec 31, 2020 | $506.21M | Feb 28, 2024 |
| FY2020 | Dec 31, 2019 | $506.21M | Feb 26, 2021 |
| FY2021 | Dec 31, 2018 | $506.21M | Feb 28, 2022 |
| FY2020 | Dec 31, 2017 | $256.11M | Feb 26, 2021 |
| FY2018 | Dec 31, 2016 | $221.53M | Feb 28, 2019 |
Retained Earnings
Cumulative net income kept by the company rather than distributed as dividends. A growing retained earnings balance indicates consistent profitability; a deficit indicates cumulative losses.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $1.27B | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $1.17B | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | $1.08B | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | $934.44M | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | $766.72M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | $716.02M | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | $654.18M | Feb 26, 2021 |
| FY2019 | Dec 31, 2018 | $546.74M | Feb 27, 2020 |
| FY2018 | Dec 31, 2017 | $465.94M | Feb 28, 2019 |
| FY2017 | Dec 31, 2016 | $414.10M | Feb 27, 2018 |
Long-Term Debt
Debt obligations due more than one year from the balance sheet date — bonds, term loans, and notes payable. High long-term debt relative to equity can signal elevated financial leverage.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2019 | Dec 31, 2019 | $74.91M | Feb 27, 2020 |
| FY2019 | Dec 31, 2018 | $0 | Feb 27, 2020 |
| FY2017 | Dec 31, 2017 | $108.20M | Feb 27, 2018 |
EPS (Basic)
Net income divided by the weighted average shares outstanding. Basic EPS does not account for dilutive securities like options or convertible bonds — use diluted EPS for a more conservative view.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 4 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 4 | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | 5 | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | 5 | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | 3 | Feb 28, 2024 |
| FY2020 | Dec 31, 2020 | 1 | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | 1 | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | 1 | Feb 26, 2021 |
EPS (Diluted)
Net income divided by the fully diluted share count — including all potential shares from options, warrants, and convertible instruments. The more conservative and widely cited EPS figure.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 4 | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 4 | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | 5 | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | 5 | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | 3 | Feb 28, 2024 |
| FY2020 | Dec 31, 2020 | 1 | Feb 26, 2021 |
| FY2020 | Sep 30, 2020 | 1 | Feb 26, 2021 |
| FY2020 | Jun 30, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Mar 31, 2020 | 0 | Feb 26, 2021 |
| FY2020 | Dec 31, 2019 | 1 | Feb 26, 2021 |
Shares Outstanding
Total common shares issued and held by all shareholders, excluding treasury shares. Combined with market price gives market capitalization.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 49.24M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | 42.50M | Feb 27, 2026 |
| FY2024 | Dec 31, 2023 | 42.87M | Feb 28, 2025 |
| FY2023 | Dec 31, 2022 | 45.64M | Feb 28, 2024 |
| FY2022 | Dec 31, 2021 | 47.35M | Feb 28, 2023 |
| FY2021 | Dec 31, 2020 | 32.97M | Feb 28, 2022 |
| FY2020 | Dec 31, 2019 | 34.38M | Feb 26, 2021 |
| FY2014 | Dec 31, 2014 | 24.00M | Feb 27, 2015 |
| FY2014 | Dec 31, 2013 | 23.81M | Feb 27, 2015 |
| FY2013 | Dec 31, 2012 | 22.77M | Feb 28, 2014 |
Dividends Paid
Cash dividends distributed to common shareholders during the period. Shown as a positive value despite being a cash outflow in the SEC filing.
| Fiscal Year | Period End | Value | Filed |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | $103.90M | Feb 27, 2026 |
| FY2025 | Dec 31, 2024 | $96.20M | Feb 27, 2026 |
| FY2025 | Dec 31, 2023 | $98.01M | Feb 27, 2026 |
| FY2024 | Dec 31, 2022 | $93.73M | Feb 28, 2025 |
| FY2023 | Dec 31, 2021 | $62.74M | Feb 28, 2024 |
| FY2022 | Dec 31, 2020 | $60.84M | Feb 28, 2023 |
| FY2021 | Dec 31, 2019 | $53.27M | Feb 28, 2022 |
| FY2020 | Dec 31, 2018 | $40.17M | Feb 26, 2021 |
| FY2019 | Dec 31, 2017 | $34.05M | Feb 27, 2020 |
| FY2018 | Dec 31, 2016 | $29.71M | Feb 28, 2019 |