Independent Bank (INDB)
Parent of Rockland Trust, a deposit-funded commercial, consumer, and wealth-management bank.
$80.30
After-hours close−0.07 (−0.09%)
At close$80.37(−1.02%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 234 | 237 | 236 | 243 | 249 | 247 | 243 | 251 | 335 | 339 | 290 | 289 |
| Cost of revenue | 59 | 68 | 76 | 78 | 94 | 79 | 81 | 78 | 130 | 85 | 78 | 78 |
| Gross profit | 176 | 169 | 160 | 164 | 155 | 167 | 161 | 173 | 205 | 254 | 212 | 211 |
| 95 | 98 | 97 | 98 | 100 | 104 | 104 | 107 | 161 | 154 | 143 | 140 | |
| 58 | 60 | 60 | 62 | 63 | 62 | 65 | 67 | 84 | 82 | 140 | 127 | |
| Selling & marketing | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | 0 |
| General & administrative | 58 | 60 | 60 | 60 | 63 | 62 | 65 | 65 | 84 | 82 | 140 | 127 |
| Other expenses | 38 | 38 | 37 | 36 | 37 | 43 | 39 | 40 | 77 | 73 | 3 | 14 |
| Operating income | 80 | 71 | 62 | 66 | 55 | 63 | 57 | 66 | 44 | 100 | 70 | 71 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | −5 | 35 | 36 | |
| Interest income | 203 | 207 | 208 | 212 | 217 | 216 | 212 | 218 | 295 | 298 | 290 | 289 |
| Interest expense | 53 | 62 | 71 | 74 | 75 | 72 | 66 | 71 | 91 | 85 | 78 | 78 |
| Income before tax | 80 | 71 | 62 | 66 | 55 | 63 | 57 | 66 | 44 | 95 | 104 | 107 |
| Income tax expense | 19 | 16 | 15 | 15 | 12 | 13 | 13 | 15 | 10 | 19 | 24 | 25 |
| Net income from continuing operations | 61 | 55 | 48 | 51 | 43 | 50 | 44 | 51 | 34 | 75 | 80 | 82 |
| Net income | 61 | 55 | 48 | 51 | 43 | 50 | 44 | 51 | 34 | 75 | 80 | 82 |
| EPS, basic | $1.38 | $1.26 | $1.12 | $1.21 | $1.01 | $1.18 | $1.04 | $1.20 | $0.69 | $1.52 | $1.63 | $1.70 |
| EPS, diluted | $1.38 | $1.26 | $1.12 | $1.21 | $1.01 | $1.18 | $1.04 | $1.20 | $0.69 | $1.52 | $1.63 | $1.70 |
| Weighted average shares, basic | 44 | 43 | 43 | 42 | 43 | 42 | 43 | 43 | 50 | 49 | 49 | 48 |
| Weighted average shares, diluted | 44 | 43 | 43 | 42 | 43 | 43 | 43 | 43 | 50 | 49 | 49 | 48 |
| EBITDA | 89 | 79 | 73 | 77 | 66 | 72 | 67 | 75 | 57 | 107 | 73 | 84 |
| Depreciation & amortization | 9 | 9 | 10 | 11 | 10 | 9 | 10 | 9 | 13 | 7 | 3 | 14 |
| EBIT | 80 | 71 | 62 | 66 | 55 | 63 | 57 | 66 | 44 | 100 | 70 | 71 |
