← 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Noninterest income: | ||||||||||||
| Interest Income (Expense), Net | $227.8m |
$258.9m
+13.61%
|
$298.2m
+15.18%
|
$393.1m
+31.85%
|
$367.7m
-6.46%
|
$401.6m
+9.20%
|
$613.2m
+52.72%
|
$606.5m
-1.10%
|
$561.7m
-7.39%
|
$708.8m
+26.19%
|
$1.2b
+65.32%
|
|
| Labor and Related Expense | $108.6m | $116.6m | $124.3m | $149.2m | $152.5m | $172.6m | $204.7m | $222.1m | $233.7m | $287.5m | — | |
| Amortization of Intangible Assets | $2.8m | $3.5m | $2.7m | $6.8m | — | — | — | — | — | — | — | |
| Noninterest expense: | ||||||||||||
| Interest Expense | $18.8m | $18.3m | $25.5m | $53.9m | $34.3m | $13.7m | $29.6m | $189.2m | — | — | $332.6m | |
| Total interest expense | — | — | — | — | — | — | — | — | $291.0m | $313.6m | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | $874k | $18k | $14k | $192k | $0 | $197k | $877k | $256k | — | |
| Gain (Loss) on Investments | ($26k) | $3k | — | ($1.5m) | — | — | — | — | — | ($64k) | — | |
| Current Income Tax Expense (Benefit) | $35.4m | $38.1m | $38.8m | $42.3m | $49.2m | $32.6m | $85.2m | $72.9m | $65.6m | $60.3m | $78.9m | |
| Income Tax Expense (Benefit) | $35.4m | $47.3m | $34.3m | $52.9m | $31.7m | $35.7m | $83.9m | $75.6m | $55.0m | $57.0m | $78.9m | |
| 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%
|
$271.4m
+32.29%
|
|
| Earnings Per Share, Basic | $2.90 | $3.19 | $4.41 | $5.03 | $3.64 | $3.47 | $5.69 | $5.42 | $4.52 | $4.44 | $5.53 | |
| Earnings Per Share, Diluted | $2.90 | $3.19 | $4.40 | $5.03 | $3.64 | $3.47 | $5.69 | $5.42 | $4.52 | $4.44 | $5.53 | |
| Common Stock, Dividends, Per Share, Declared | — | — | — | — | — | — | — | — | $2.28 | $2.36 | — | |
| Weighted Average Number of Shares Outstanding, Basic | 26.4m | 27.3m | 27.6m | 32.8m | 33.3m | 34.9m | 46.4m | 44.2m | 42.5m | 46.2m | 49.1m | |
| Weighted Average Number of Shares Outstanding, Diluted | 26.5m | 27.4m | 27.7m | 32.9m | 33.3m | 34.9m | 46.4m | 44.2m | 42.5m | 46.2m | 49.2m | |
| Additional Financial Items | ||||||||||||
| 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 | — | |
| Business Combination, Acquisition Related Costs | $5.5m | $3.4m | $11.2m | $26.4m | — | $40.8m | $7.1m | $0 | $1.9m | $39.6m | — | |
| Depreciation, Depletion and Amortization, Nonproduction | $14.4m | $15.7m | $16.0m | $19.4m | $27.3m | $32.8m | $38.8m | $36.1m | $40.9m | $42.1m | $28.1m |