| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 129,787 | 95,525 |
| Depreciation and amortization | 32,256 | 19,453 |
| Change in unamortized net loan costs and premiums | 1,194 | 671 |
| Accretion of acquired loans | 5,255 | 645 |
| Provision for loan and lease losses | 60,719 | 22,200 |
| Deferred income tax (benefit) expense | -102 | 447 |
| Equity securities, fv-ni, gain (loss) | 549 | 169 |
| Gain (loss) on investments | -64 | - |
| Gain (loss) on disposition of property plant equipment | -92 | -92 |
| Stock based compensation | 7,091 | 4,844 |
| Increase in cash surrender value of life insurance policies | 6,732 | 4,103 |
| Gain realized on life insurance policies | 1,650 | 1,650 |
| Operating lease, payments | 11,364 | 7,428 |
| Change in fair value on loans held for sale | 171 | 323 |
| Trading assets | 366 | 556 |
| Loans held for sale | 9,360 | 9,198 |
| Other assets | -44,973 | -33,028 |
| Increase (decrease) in other operating liabilities | -66,014 | -30,785 |
| Total adjustments | 42,438 | 24,536 |
| Net cash provided by operating activities | 172,225 | 120,061 |
| Payments to acquire equity securities, fv-ni | 507 | 348 |
| Proceeds from sale of debt securities, available-for-sale | 74,303 | - |
| Proceeds from maturities and principal repayments of securities available for sale | 201,912 | 122,286 |
| Payments to acquire debt securities, available-for-sale | 326,228 | 121,585 |
| Proceeds from maturities and principal repayments of securities held to maturity | 81,306 | 54,862 |
| Net decrease in federal home loan bank stock | -16,621 | -10,521 |
| Investments in low income housing projects | -26,293 | -20,379 |
| Purchases of life insurance policies | 71 | 55 |
| Proceeds from life insurance policy | 3,951 | 0 |
| Net increase in loans | 76,101 | 73,645 |
| Cash acquired in excess of payments to acquire business | 97,760 | - |
| Purchases of bank premises and equipment | 8,730 | 6,250 |
| Proceeds from the sale of bank premises and equipment | 0 | 0 |
| Net cash provided by investing activities | 37,923 | -34,593 |
| Net (decrease) increase in time deposits | -67,360 | -27,181 |
| Net increase (decrease) in other deposits | 694,496 | 614,909 |
| Increase (decrease) in federal funds purchased and securities sold under agreements to repurchase, net | -284,711 | -238,000 |
| Proceeds from issuance of subordinated long-term debt | 295,843 | 295,843 |
| Maturities of subordinated debt | 60,000 | 0 |
| Restricted stock awards issued, net of awards surrendered | 1,442 | 1,385 |
| Proceeds from shares issued under direct stock purchase plan | 1,804 | 1,055 |
| Payments for shares repurchased under share repurchase program | 23,356 | 0 |
| Common dividends paid | 74,516 | 49,365 |
| Net cash provided by (used in) financing activities | 480,758 | 595,876 |
| Net increase in cash and cash equivalents | 690,906 | 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)