| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | -49,868 | NaN | 34,262 | 95,525 |
| Depreciation and amortization | -22,048 | NaN | 12,803 | 19,453 |
| Change in unamortized net loan costs and premiums | -879 | NaN | 523 | 671 |
| Accretion of acquired loans | 3,931 | NaN | 4,610 | 645 |
| Provision for loan and lease losses | -55,219 | NaN | 38,519 | 22,200 |
| Deferred income tax expense | 1,433 | NaN | -549 | 447 |
| Equity securities, fv-ni, gain (loss) | -524 | NaN | 380 | 169 |
| Gain (loss) on investments | NaN | NaN | -64 | NaN |
| Gain (loss) on disposition of property plant equipment | 92 | NaN | 0 | -92 |
| Stock based compensation | -4,776 | NaN | 2,247 | 4,844 |
| Increase in cash surrender value of life insurance policies | -4,020 | NaN | 2,629 | 4,103 |
| Gain realized on life insurance policies | -1,304 | NaN | 0 | 1,650 |
| Operating lease, payments | -7,409 | NaN | 3,936 | 7,428 |
| Change in fair value on loans held for sale | -588 | NaN | -152 | 323 |
| Trading assets | 439 | NaN | -190 | 556 |
| Loans held for sale | -28,094 | NaN | 162 | 9,198 |
| Other assets | 8,451 | NaN | -11,945 | -33,028 |
| Increase (decrease) in other operating liabilities | 45,630 | NaN | -35,229 | -30,785 |
| Total adjustments | -5,139 | NaN | 17,902 | 24,536 |
| Net cash provided by operating activities | 117,218 | 78,935 | 52,164 | 120,061 |
| Payments to acquire equity securities, fv-ni | -322 | NaN | 159 | 348 |
| Increase (decrease) in equity securities, fv-ni | NaN | 984 | NaN | NaN |
| Proceeds from sale of debt securities, available-for-sale | NaN | 0 | 74,303 | NaN |
| Proceeds from maturities and principal repayments of securities available for sale | 79,030 | 52,887 | 79,626 | 122,286 |
| Proceeds from sale of property, plant, and equipment | NaN | 295 | 0 | 0 |
| Payments to acquire debt securities, available-for-sale | 168,446 | 99,933 | 204,643 | 121,585 |
| Proceeds from maturities and principal repayments of securities held to maturity | 23,636 | 79,858 | 26,444 | 54,862 |
| Net decrease in federal home loan bank stock | -4,083 | 0 | -6,100 | -10,521 |
| Investments in low income housing projects | -3,863 | -12,429 | -5,914 | -20,379 |
| Purchases of life insurance policies | 0 | 46 | 16 | 55 |
| Proceeds from life insurance policy | 1,074 | 0 | 3,951 | 0 |
| Net decrease (increase) in loans | -82,983 | 49,623 | 2,456 | 73,645 |
| Cash acquired in excess of payments to acquire business | NaN | 0 | 97,760 | NaN |
| Purchases of bank premises and equipment | 5,604 | 3,405 | 2,480 | 6,250 |
| Maturities of subordinated debt | NaN | NaN | 60,000 | 0 |
| Net cash provided by (used in) investing activities | 12,708 | -32,873 | 72,516 | -34,593 |
| Net decrease in time deposits | -12,926 | -151,768 | -40,179 | -27,181 |
| Net (decrease) increase in other deposits | -16,354 | -17,311 | 79,587 | 614,909 |
| Increase (decrease) in federal funds purchased and securities sold under agreements to repurchase, net | -99,786 | 338 | -46,711 | -238,000 |
| Proceeds from lines of credit | 50,000 | 49,937 | NaN | NaN |
| Proceeds from issuance of subordinated long-term debt | 0 | 0 | 0 | 295,843 |
| Repayments of subordinated debt | NaN | 60,000 | NaN | NaN |
| Cash received from stock option exercises | NaN | 0 | NaN | NaN |
| Restricted stock awards issued, net of awards surrendered | 2,195 | 17 | 57 | 1,385 |
| Proceeds from shares issued under direct stock purchase plan | 727 | 745 | 749 | 1,055 |
| Payments for shares repurchased under share repurchase program | 63,261 | 37,493 | 23,356 | 0 |
| Common dividends paid | 29,055 | 29,387 | 25,151 | 49,365 |
| Net cash (used in) provided by financing activities | -172,850 | -184,956 | -115,118 | 595,876 |
| Net (decrease) increase in cash and cash equivalents | -42,924 | -138,894 | 9,562 | 681,344 |
| Cash and cash equivalents at beginning of year | 771,902 | 910,796 | 219,890 | NaN |
| Cash and cash equivalents at end of period | 728,978 | 771,902 | 910,796 | NaN |
INDEPENDENT BANK CORP (INDB)
INDEPENDENT BANK CORP (INDB)