For the quarter ending 2025-09-30, INDB had $9,562K increase in cash & cash equivalents over the period. $49,684K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 34,262 | 95,525 |
| Depreciation and amortization | 12,803 | 19,453 |
| Change in unamortized net loan costs and premiums | 523 | 671 |
| Accretion of acquired loans | 4,610 | 645 |
| Provision for loan and lease losses | 38,519 | 22,200 |
| Deferred income tax (benefit) expense | -549 | 447 |
| Equity securities, fv-ni, gain (loss) | 380 | 169 |
| Gain (loss) on investments | -64 | - |
| Gain (loss) on disposition of property plant equipment | 0 | -92 |
| Stock based compensation | 2,247 | 4,844 |
| Increase in cash surrender value of life insurance policies | 2,629 | 4,103 |
| Gain realized on life insurance policies | 0 | 1,650 |
| Operating lease, payments | 3,936 | 7,428 |
| Change in fair value on loans held for sale | -152 | 323 |
| Trading assets | -190 | 556 |
| Loans held for sale | 162 | 9,198 |
| Other assets | -11,945 | -33,028 |
| Increase (decrease) in other operating liabilities | -35,229 | -30,785 |
| Total adjustments | 17,902 | 24,536 |
| Net cash provided by operating activities | 52,164 | 120,061 |
| Payments to acquire equity securities, fv-ni | 159 | 348 |
| Proceeds from sale of debt securities, available-for-sale | 74,303 | - |
| Proceeds from maturities and principal repayments of securities available for sale | 79,626 | 122,286 |
| Payments to acquire debt securities, available-for-sale | 204,643 | 121,585 |
| Proceeds from maturities and principal repayments of securities held to maturity | 26,444 | 54,862 |
| Net decrease in federal home loan bank stock | -6,100 | -10,521 |
| Investments in low income housing projects | -5,914 | -20,379 |
| Purchases of life insurance policies | 16 | 55 |
| Proceeds from life insurance policy | 3,951 | 0 |
| Net increase in loans | 2,456 | 73,645 |
| Cash acquired in excess of payments to acquire business | 97,760 | - |
| Purchases of bank premises and equipment | 2,480 | 6,250 |
| Proceeds from the sale of bank premises and equipment | 0 | 0 |
| Net cash provided by investing activities | 72,516 | -34,593 |
| Net (decrease) increase in time deposits | -40,179 | -27,181 |
| Net increase (decrease) in other deposits | 79,587 | 614,909 |
| Increase (decrease) in federal funds purchased and securities sold under agreements to repurchase, net | -46,711 | -238,000 |
| Proceeds from issuance of subordinated long-term debt | 0 | 295,843 |
| Maturities of subordinated debt | 60,000 | 0 |
| Restricted stock awards issued, net of awards surrendered | 57 | 1,385 |
| Proceeds from shares issued under direct stock purchase plan | 749 | 1,055 |
| Payments for shares repurchased under share repurchase program | 23,356 | 0 |
| Common dividends paid | 25,151 | 49,365 |
| Net cash provided by (used in) financing activities | -115,118 | 595,876 |
| Net increase in cash and cash equivalents | 9,562 | 681,344 |
| Cash and cash equivalents at beginning of period | 219,890 | - |
| Cash and cash equivalents at end of period | 910,796 | - |
INDEPENDENT BANK CORP (INDB)
INDEPENDENT BANK CORP (INDB)