← INDEPENDENT BANK CORP
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $76.6m |
$87.2m
+13.77%
|
$121.6m
+39.47%
|
$165.2m
+35.81%
|
$121.2m
-26.64%
|
$121.0m
-0.14%
|
$263.8m
+118.04%
|
$239.5m
-9.22%
|
$192.1m
-19.80%
|
$205.1m
+6.79%
|
— | |
| Depreciation and amortization | $14.4m | $15.7m | $16.0m | $19.4m | $27.3m | $32.8m | $38.8m | $36.1m | $40.9m | $42.1m | $43.1m | |
| Amortization of Intangible Assets | $2.8m | $3.5m | $2.7m | — | — | — | — | — | — | — | — | |
| Depreciation | $7.3m | $8.5m | $9.1m | $11.4m | $12.8m | $12.5m | $18.4m | $18.9m | $19.9m | $22.5m | $43.1m | |
| Deferred Income Tax Expense (Benefit) | ($5k) | $9.2m | ($4.5m) | $10.6m | ($17.5m) | $3.1m | ($1.3m) | $2.7m | ($10.6m) | ($3.3m) | ($3.0m) | |
| Share-based Payment Arrangement, Noncash Expense | $3.0m | $3.3m | $4.2m | $4.4m | $4.1m | $4.3m | $4.5m | $6.4m | $6.5m | $9.0m | $9.8m | |
| Share-based Payment Arrangement, Expense | $3.0m | $3.3m | $4.2m | $4.4m | $4.1m | $4.3m | $4.5m | $6.4m | $6.5m | $9.0m | $9.8m | |
| Operating Lease, Impairment Loss | — | — | — | — | $4.2m | $0 | $0 | — | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Increase (Decrease) in Other Operating Assets | ($7.6m) | ($20.0m) | ($503k) | $39.9m | $146.0m | ($93.6m) | ($65.3m) | ($23.5m) | $15.5m | ($72.2m) | — | |
| Increase (Decrease) in Other Operating Liabilities | ($8.7m) | ($3.8m) | $7.1m | $19.3m | $76.1m | ($58.5m) | $55.2m | ($20.6m) | $5.5m | ($70.1m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $93.3m |
$130.9m
+40.26%
|
$141.8m
+8.35%
|
$216.5m
+52.66%
|
$64.6m
-70.15%
|
$190.2m
+194.29%
|
$421.2m
+121.43%
|
$277.0m
-34.24%
|
$229.9m
-16.99%
|
$251.2m
+9.24%
|
$321.7m
+28.09%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment | ($114k) | $108k | $1.1m | $474k | ($372k) | ($139k) | $584k | ($310k) | ($155k) | ($130k) | ($318k) | |
| Payments to Acquire Property, Plant, and Equipment | $10.4m | $25.1m | $11.1m | $16.6m | $12.6m | $25.2m | $22.1m | $15.8m | $20.4m | $12.1m | ($17.9m) | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $69.8m | $54.2m | $82.4m | $51.1m | $108.9m | $96.0m | $139.9m | $106.7m | $235.1m | $254.8m | — | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | — | — | — | — | $0 | $0 | $0 | $0 | $0 | $64k | — | |
| Gain (Loss) on Investments | ($26k) | $3k | — | ($1.5m) | — | — | — | — | — | ($64k) | ($368k) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | $6.9m | $105.3m | $0 | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($238.9m) | ($316.8m) | ($387.5m) | $20.2m | ($488.2m) | ($63.1m) | ($1.0b) | ($211.7m) | ($33.0m) | $5.0m | $136.9m | |
| Cash flows from financing activities: | ||||||||||||
| Repayments of Long-term Debt | — | — | — | — | $42.2m | $18.8m | $14.1m | $0 | — | — | ($21.8m) | |
| Gain (Loss) on Extinguishment of Debt | ($437k) | $0 | $0 | — | — | — | — | — | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | $95.1m | $0 | $139.9m | $188.9m | $31.0m | $60.8m | — | |
| Payments of Ordinary Dividends, Common Stock | $29.7m | $34.0m | $40.2m | $53.3m | $60.8m | $62.7m | $93.7m | $98.0m | $96.2m | $103.9m | ($114.7m) | |
| Net Cash Provided by (Used in) Financing Activities | $158.9m |
$109.9m
-30.84%
|
$283.0m
+157.56%
|
($336.2m)
-218.78%
|
$1.6b
+566.81%
|
$817.0m
-47.94%
|
($1.3b)
-260.16%
|
($193.9m)
+85.18%
|
($201.4m)
-3.82%
|
$295.8m
+246.91%
|
($358.7m)
-221.25%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | $1.1b | $944.0m | ($1.9b) | ($128.6m) | ($4.4m) | $552.0m | $1.0b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | $352.9m | $224.3m | $219.9m | $771.9m | $1.0b | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Bank Owned Life Insurance Income | $4.1m | $4.1m | $4.1m | $5.0m | $5.4m | $6.4m | $7.7m | $7.9m | $8.1m | $9.4m | — | |
| Gain (Loss) on Sales of Loans, Net | $6.1m | $4.7m | $3.6m | $13.2m | $30.1m | $19.9m | $562k | $1.0m | $4.1m | $5.1m | — | |
| Proceeds from Stock Options Exercised | $201k | $214k | $184k | $281k | $197k | — | — | $80k | $80k | $0 | — | |
| Parent Company | $29.7m | $34.0m | $40.2m | $53.3m | $60.8m | $62.7m | $93.7m | $98.0m | $96.2m | $103.9m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $49.7m | $36.7m | $14.0m | $26.4m | $183.1m | $291.7m | $307.3m | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | — | — | — | $34.8m | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | $6.2m | $3.8m | $2.4m | $6.5m | $10.1m | $3.3m | $2.9m | $3.3m | $2.1m | $3.6m | — | |
| Equity Securities, FV-NI, Gain (Loss) | — | — | ($1.2m) | $1.6m | $528k | $554k | ($3.1m) | $1.2m | $423k | $403k | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | $874k | $18k | $14k | $192k | $0 | $197k | $877k | $256k | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | ($2.1m) | $1.5m | $514k | $362k | ($3.1m) | $983k | ($454k) | $147k | — | |
| Goodwill | $221.5m | $231.8m | $256.1m | $506.2m | $506.2m | $985.1m | $985.1m | $985.1m | $985.1m | $1.1b | — | |
| Income Tax Expense (Benefit) | $35.4m | $47.3m | $34.3m | $52.9m | $31.7m | $35.7m | $83.9m | $75.6m | $55.0m | $57.0m | — | |
| Pension Cost (Reversal of Cost) | $2.0m | $1.9m | $1.1m | $1.4m | $1.9m | $1.2m | $562k | $487k | $716k | $582k | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $52.5m | $18.2m | $6.5m | $23.2m | $36.2m | $65.5m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.